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Prices of branded residences on Al Marjan Island could potentially double within the next few years as demand continues to outpace supply, according to industry executives. Premium beachfront properties are expected to outperform the broader market, supported by the upcoming Wynn Al Marjan Resort, limited inventory and growing investor interest.
Umar bin Farooq, founder and CEO of One Broker Group, stated that branded off-plan units currently trading at around Dh4,800 per sq ft could rise to between Dh8,000 and Dh10,000 per sq ft by 2030. He noted that once Al Marjan Island and surrounding developments become fully operational, prices of branded and prime units could double.
Supply Shortage and Tourism Growth Driving Demand
A major factor behind the projected price increase is the shortage of both residential units and hotel rooms compared with expected future demand. Industry executives pointed out that the available supply remains significantly below projections as Ras Al Khaimah prepares for higher visitor volumes.
Hotel room inventory in the emirate is forecast to reach approximately 16,000 rooms by 2030, while Ras Al Khaimah is targeting 3.5 million annual visitors. Executives believe this figure could be exceeded once Al Marjan Island reaches full operational capacity.
The article highlights that branded residences are attracting buyers because they combine residential ownership with hospitality-backed services, premium amenities and globally recognised brand associations.
- Limited supply of branded residential projects.
- Growing regional and international buyer interest.
- Rising tourism activity in Ras Al Khaimah.
- Strong demand for waterfront properties.
- Increasing preference for hospitality-linked residences.
Wynn Resort and New Developments Fuel Market Optimism
The $5.1 billion Wynn Al Marjan Resort, scheduled to open in 2027, is viewed as a major catalyst for the island's real estate market. The integrated resort is expected to attract affluent visitors from the Middle East, Europe, Asia and Africa, increasing demand for premium residential properties.
The report cites the example of JW Marriott Al Marjan Island Resort & Residences, a 474-unit project developed by WOW Resorts. Units in the project were initially launched at around Dh3,000 per sq ft and are now trading at approximately Dh4,800 per sq ft, representing an increase of more than 50%. Most of the one-, two- and three-bedroom apartments and penthouses have already been sold.
Industry executives believe Al Marjan Island remains in the early stages of its growth cycle. They argue that investors are not only purchasing property but also investing in lifestyle-focused developments and globally recognised hospitality brands. As tourism infrastructure expands and supply remains constrained, branded residences are expected to remain one of the strongest-performing segments of the Ras Al Khaimah property market.
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