Upgraded Studio | Community View | Vacant | Apartment in Al Marjan Island
AED 597,000

AED 1,515 per sqft

Upgraded Studio | Community View | Vacant | Apartment in Al Marjan Island

Al Marjan Island, Ras Al Khaimah
Listed 137 days ago
1
Beds
1
Baths
394
Sqft
apartment
Type

About This Property

Premium 0 bedroom apartment available in Chic Tower, Al Marjan Island. This 394 sqft property offers excellent value at AED 597,000. Located in the heart of Ras Al Khaimah, with easy access to major amenities.

Property Details

Property TypeApartment
Listing TypeSale
OwnershipFreehold
Views85
Reference6bda7d60-65e7-4e8f-8eea-0a85856fa438

Area & Neighborhood Guide

7.5/10
Investment Score
6.5%
Avg. Yield
+8%
1Y Growth
Moderate
Market
Schools
1
Healthcare
1
Transport
0
Retail
1
Green space
1
Waterfront
0

Nearby Amenities & Landmarks

Al Marjan Island Community Center
Local Shopping
Schools
Healthcare
Public Transport
Parks & Recreation
Dining Options

Upcoming Developments

Infrastructure improvements in Al Marjan Island
New residential projects
Enhanced community facilities

Demographics

25K+
Residents
35
Avg. Age
70%
Expats

Premium Property

Positioned above market average

This is a premium-positioned property in Al Marjan Island. Asking AED 1,515/sqft vs market average of AED 1,326/sqft. Premium pricing reflects location desirability, unit quality, and market positioning.

Price Transparency

Estimate
This listing
AED 1,515/sqft
Area benchmark unavailable
Asking priceAED 597,000
DLD transfer fee (4%)AED 23,880
Trustee fee (flat)AED 4,200
Mortgage registration (0.25% of 75% LTV)AED 1,409
Agency commission (2%)AED 11,940
Est. total transaction costAED 638,429

Estimates use standard UAE market rates (DLD 4%, trustee 4,200 AED, mortgage reg 0.25% at 75% LTV, agency 2%). Your firm quote is provided in writing before MoU signing and may differ based on property type, buyer profile, and negotiated terms.

Market Comparison

Price benchmarked against area listings & DLD data

Excellent Deal

Exceptional Value - 16% Below Market!

This property is priced significantly below the Al Marjan Island average of AED 1800/sqft. You could save AED 112,290 compared to market rate.

Price per sqft comparisonAl Marjan Island · 1 BR apartment
This PropertyAED 1,515/sqft
Area AverageAED 1,800/sqft

Area Yield

6.5%

L12M Trend

+2%

PropertyIndex.ae • Updated 2026-02-22

Al Marjan Island Market Intelligence

Full Report
Avg Price/SqftAED 1,321
Active Listings38
Trendup
Price History (per sqft)
AED 1,393
Dec
AED 1,379
Jan
AED 1,171
Feb
AED 1,374
Mar

Average Price per Sqft by Month

Investment ROI Calculator

Based on 3 rental comparables in Al Marjan Island

Excellent Yield
Gross Yield
8.6%
Excellent Yield
Net Yield
7.61%
After charges
Estimated Rental Income
Monthly
AED 4,279
Annual
AED 51,350
Service Charge: AED 5,910/yr15 AED/sqft
Capital Appreciation (Ras Al Khaimah)
vs Area Average64.5% below avg

Mortgage Calculator

Estimated Monthly Payment

AED 2,789

Based on 25-year mortgage at 4.99%

Principal (57%) Interest (43%)
20% (AED 119,400)
5%80%
4.99%
2%8%
Property PriceAED 597,000
Loan AmountAED 477,600
Total InterestAED 359,166
Total Cost (Principal + Interest)AED 836,766

Estimated Upfront Costs

Down PaymentAED 119,400
DLD Registration (4%)AED 23,880
Agency Fee (2%)AED 11,940
Total UpfrontAED 155,220

Regulatory Compliance

Permit not required for non-Dubai / non-Abu Dhabi listings — governed by local emirate authority.

Recent Apartment Transactions

Similar apartments sold in Al Marjan Island

AED 895K

Avg. Price

AED 1,325.32

Avg. /sqft

5

Transactions

AED 959K60.6% higher
14 Feb 2026 1 Bed 740 sqftAED 1,296/sqft
Completed Sale
AED 1.11M86.7% higher
14 Feb 2026 1 Bed 716 sqftAED 1,556/sqft
Completed Sale
AED 565K5.3% lower
15 Jan 2026 1 Bed 476 sqftAED 1,187/sqft
Completed Sale
AED 1.40M134.5% higher
16 Dec 2025 1 Bed 868 sqftAED 1,613/sqft
Completed Sale
AED 438K26.6% lower
16 Dec 2025 1 Bed 450 sqftAED 974/sqft
Completed Sale

Transactions shown are for similar apartments in Al Marjan Island. Prices may vary based on floor, view, and finishing.

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