Prime Residential & Mixed Use Development Plot Aed 288,001,500 | Al Marjan Island | Ras Al Khaimah

A rare opportunity to acquire a strategically located development plot on Al Marjan Island, Ras Al Khaimah’s premier waterfront destination and one of the UAE’s fastest-growing investment hubs.

Situated in North Bay, Peninsula – Al Marjan Island, this plot is designated for residential and mixed-use development, offering strong flexibility for developers and investors seeking exposure to a high-growth coastal market supported by government-led tourism and infrastructure expansion.
Asset Overview

Location: North Bay, Peninsula – Al Marjan Island

- Master Developer: Marjan

- Land Use: Residential / Mixed Use

- Plot Type: Development Land
Land & Development Parameters:

- Plot Area: 144,000.75 sq. ft.

- FAR: 2.0x (subject to parking and planning requirements)

- Maximum GFA: 288,001.50 sq. ft.

- Permitted Height: Up to G + 12 Floors
(Subject to design review and approval by Marjan Projects Team).
These parameters allow for the development of mid- to high-density residential, branded residences, or mixed-use concepts, aligned with Al Marjan Island’s evolving master plan.

Financials:
- Sales Price: AED [hidden information]

- Rate: AED 2,000 per sq. ft. (on land area)

- VAT & Taxes: Exclusive and applicable as per UAE regulations
Payment Terms

100% Payable Immediately
(Non-refundable reservation fee applicable)

PSPA: To be signed and delivered within 30 days of reservation payment
Development Timeline

Maximum Development Period: 4 years from PSPA

1 year to commence construction

3 years to complete construction

Key Commercial Terms

Payment Delay Penalty: 8% p.a. (usual market penalty 12%)

Construction Delay Penalty: AED 0.025 per sq. ft. of GFA per day

Admin Fee: 1.5% on further transfers
(One-time exemption available for transfers within the same group or family)

Land Registration Fee: 4% (shared equally between buyer and seller – 2% each)

Community Charges: AED 2.50 per sq. ft. of GFA per annum

Investment Highlights

Prime plot on Al Marjan Island, UAE’s leading coastal investment destination

Residential and mixed-use zoning provides development flexibility

Strong alignment with Ras Al Khaimah’s tourism and population growth strategy

Proximity to luxury resorts, hospitality anchors, and future landmark projects

Limited availability of comparable development plots on the island

Ideal for developers, private investors, and institutional capital