Address Al Marjan RAK

  • AED1,740,000
Featured For Sale
Ras Al Khaimah, United Arab Emirates
Featured For Sale

Address Al Marjan RAK

Ras Al Khaimah, United Arab Emirates
  • AED1,740,000

Overview

  • Apartment
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 1
  • Garage
  • 678.13
  • sqft
  • Address Al Marjan RAK - 01
  • Property ID

Description

Address Marjan It’s time to invest in Ras Al Khaimah! The next world-class casino is coming, don’t miss this project!

The first legal casino in the UAE and the Gulf is expected to open in early 2027 at Wynn Al Marjan Island in Ras Al Khaimah. Although the highly anticipated resort is still in its preliminary construction stages, it has already attracted interest from global investors.

 

Currently, there are four major gambling cities in the world: Las Vegas, Monaco, Macau, and the emerging Sands Casino in Singapore. These four cities are centered on the gambling industry and have developed tourism, shopping, and vacation industries, which have driven up local housing prices and allowed many real estate investors to make a lot of money.

 

Take Las Vegas, which everyone is most familiar with, as an example. Nearly 20 million tourists visit Las Vegas every year, and there is a huge demand for real estate. In the past 4 or 5 years, local housing prices have been soaring; especially from 2019 to 2022, housing prices have increased by more than 10% for three consecutive years. In Macau, thanks to the development of the gaming industry, local housing prices have increased 15 times. It can be said that holding a house in hand will bring rising returns.

 

-Las Vegas house price increases-
Now in Ras Al Khaimah, another world-class casino is about to come out, which will undoubtedly have a positive impact on the local real estate investment market. According to an executive at Savills, “casinos have accelerated the growth of Ras Al Khaimah’s high-end residential market, with investors showing unprecedented interest in properties near casinos.” Casinos will attract an influx of tourists If the market enters and drives up demand for real estate, especially residential properties, local real estate prices will rise, benefiting both owners and investors.

Data show that investment activities from Chinese investors surged by 130%. Knight Frank’s survey also shows that 60% of high-net-worth individuals with a net worth of more than US$10 million tend to purchase luxury properties in Ras Al Khaimah. In addition, according to data from the Henry Global Citizen Report, the United Arab Emirates ranks first as the most popular country for wealthy people to immigrate to in 2022. Throughout 2022, the net inflow of wealthy people into the UAE will reach 4,000, an increase of 208% compared to 2019. It is no exaggeration to say that in this real estate investment competition, any hesitation will lead to missed opportunities.

Many times, “timing” means “high return.” If you enter the market first, you can enjoy the highest investment return at the lowest price in the future. EMAAR, a developer with a background from the Dubai government, is already preparing to launch the ADDRESS EMAAR project on Al Marjan Island. If you want to invest in Ras Al Khaimah and take advantage of the casino economy, this opportunity must not be missed!

 

01
Ras Al Khaimah, a world-class tourist resort center

 

The United Arab Emirates is one of the safest countries in the world. Ras Al Khaimah is one of the seven emirates in the United Arab Emirates. It is located about 100 kilometers east of Dubai and can be reached by car in more than an hour. This place has profound cultural heritage and rich natural resources. With the completion of the casino resort in the future, this place will become an upstart investment and a world-class tourism and holiday center in the Middle East.

 

Wynn Al Marjan Island in Ras Al Khaimah is the first resort in the Middle East that focuses on the gambling and entertainment industry and integrates tourism, shopping, vacation, and life. According to Wynn Resorts CEO Billings, the Emirates casino component will be larger than Las Vegas.

 

The construction cost of Ras Al Khaimah’s casino is as high as US$3.9 billion. Its hotel tower is 305 meters high and has 1,500 rooms and suites. In addition to gaming, the resort hosts a variety of unique entertainment events, including daily light and laser shows. People can also enjoy spa, shopping, high-quality dining services, etc. in the resort.

 

A Knight Frank executive previously said in an interview: “In the past 15 years, Ras Al Khaimah has been quietly transforming, aiming to replace Dubai as a tourism center.” Last year, the emirate set an annual tourist record, Overnight tourists exceeded 1.1 million, an increase of 16% over the previous year, of which foreign tourists increased by 40%.

 

It is estimated that by 2030, the casino resort will bring 28 million tourists to Ras Al Khaimah every year, creating an annual economic value of approximately 13.6 billion yuan. In the field of real estate, the most intuitive manifestation is that local housing prices have ushered in a surge.
Data shows that the price of local apartments has increased from about 1,000 dirhams per square foot to 1,600 dirhams per square foot; the price of three-bedroom townhouses has increased from 2.4 million dirhams a year ago. 3 million dirhams, and the price of a four-bedroom detached villa increased from 4.5 million dirhams to 5 million dirhams. The booming development of real estate has attracted wealthy people from around the world to consider Ras Al Khaimah as an ideal investment location.

02
Produced by Emaar, it must be a high-quality product

EMAAR, a developer with a background from the Dubai government, is preparing to launch the ADDRESS EMAAR project on Al Marjan Island. This project is on the same island as Wynn Casino. The huge flow of people attracted by the casino in the future will also drive the demand and potential of the ADDRESS EMAAR project.

 

The developer of this project, EMAAR, is very powerful and has built many landmark buildings and high-end communities in Dubai – such as DOWNTOWN DUBAI in Downtown Dubai, Dubai Mall, Dubai Prince’s Island, Dubai Creek Harbor, and Dubai Hills Villas. etc.
The unit type and price of the ADDRESS EMAAR project have not yet been disclosed, but as a sea-view residential project under the “ADDRESS” hotel brand under EMAAR, there is no doubt about its strength – it is backed by Ras Al Khaimah Casino, and the huge flow of people and brand effect bring sources There is a constant demand; facing the blue sea, the blue sea beach creates a boundless romantic atmosphere.

 

The project location is also very advantageous, located in the heart of Al Marjan Island, surrounded by a series of family-friendly hotels, tranquil resorts and elegant beachfront residences; it is 15 minutes to Dallas Seahorse International Airport and 45 minutes to Dubai International Airport. The wonders of the world are within reach.

 

The project also brings Address Hotels + Resorts’ iconic service standards and lifestyle facilities to Ras Al Khaimah. Enjoy world-class amenities including unique restaurant concepts such as The Restaurant at Address, two specialty food and beverage outlets, a modern fitness center, cutting-edge spa and a beautifully landscaped swimming pool.

 

The interior design of the ADDRESS EMAAR project is also unique. The modern design is paired with large floor-to-ceiling windows. Every detail is extremely exquisite, allowing the home furnishings inside the house to perfectly integrate with the sea view outside. It is like being on vacation at home.

 

The project offers 1-2 bedroom luxury apartments and 3-bedroom townhouses.
B4, 85 units with 1 bedroom, 82 units with 2 bedrooms, and 13 townhouse units
B5/6, 215 units with 1 unit, 209 units with 2 bedrooms, and 17 townhouse units
Total: 300 1-bedroom units, 291 2-bedroom units, 30 3-bedroom duplex units

 

House floor plan distribution:
1 bedroom
From AED 1.74 million
(3.4 million RMB)
Starting from 661 square feet
(62 square meters)

 

2 bedrooms
From AED 3.11 million
(RMB 6.1 million)
Starting from 1145 sq. ft.
(106 square meters)

 

3 bedroom townhouse
Starting from AED 7.89 million
(15.4 million RMB)
2459 sq. ft.
(228 square meters)

 

payment method
10% down payment, 80% in installments during construction
10% payable upon handover
Delivery date: November 2028

 

The casino resort in Ras Al Khaimah will bring a huge “casino economy” and promote the development of related industries and fields. Real estate investment can enjoy the dividends brought by the huge flow of people and exposure, and sit on the two major factors of rental income and house price appreciation. potential. Soon, casinos, tourism, and real estate will become the “troika” driving the economic development of Ras Al Khaimah. However, casinos, which play a leading role, are still in the initial stage and have not yet caused housing prices to rise to an “unattainable” level. , it’s a good time to invest!

Property Documents

Address RAK -Final Phase Launch Deck 2024 -SA

Details

Updated on April 26, 2024 at 5:34 pm
  • Property ID: Address Al Marjan RAK - 01
  • Price: AED1,740,000
  • Property Size: 678.13 sqft
  • Bedroom: 1
  • Rooms: 2
  • Bathroom: 1
  • Garage: 1
  • Year Built: 2028
  • Property Type: Apartment
  • Property Status: For Sale

Additional details

  • 项目亮点: 赌场项目
  • 酒店式公寓: 酒店式公寓
  • 临海: 临海

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