Premium 2BR | Pool View | Near Metro | Apartment in Al Marjan Island
AED 1,096,000

AED 1,070 per sqft

Premium 2BR | Pool View | Near Metro | Apartment in Al Marjan Island

Al Marjan Island, Ras Al Khaimah
Listed 128 days ago
2
Beds
2
Baths
1,024
Sqft
apartment
Type

About This Property

Premium 2 bedroom apartment available in Chic Tower, Al Marjan Island. This 1024 sqft property offers excellent value at AED 1,096,000. Located in the heart of Ras Al Khaimah, with easy access to major amenities.

Property Details

Property TypeApartment
Listing TypeSale
OwnershipFreehold
Views90
Reference884ab5c5-9eca-4da0-b294-1c25b7fe5376

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

Deal Scoreâ„¢

AI-powered price analysis vs DLD transactions

7.9/ 10
Great Deal15.8% below market

Priced at AED 1,070/sqft vs market avg of AED 1,271/sqft in Al Marjan Island. This property is 16% below comparable DLD transactions — a strong investment opportunity.

Price per sqft comparisonAl Marjan Island · 2 BR apartment
AskingAED 1,070/sqft
DLD Market AvgAED 1,271/sqft

Price Transparency

Estimate
This listing
AED 1,070/sqft
Area benchmark unavailable
Asking priceAED 1,096,000
DLD transfer fee (4%)AED 43,840
Trustee fee (flat)AED 4,200
Mortgage registration (0.25% of 75% LTV)AED 2,345
Agency commission (2%)AED 21,920
Est. total transaction costAED 1,168,305

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 - 41% Below Market!

This property is priced significantly below the Al Marjan Island average of AED 1800/sqft. You could save AED 747,520 compared to market rate.

Price per sqft comparisonAl Marjan Island · 2 BR apartment
This PropertyAED 1,070/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
10%
Excellent Yield
Net Yield
8.6%
After charges
Estimated Rental Income
Monthly
AED 9,133
Annual
AED 109,600
Service Charge: AED 15,360/yr15 AED/sqft
Capital Appreciation (Ras Al Khaimah)
vs Area Average34.9% below avg

Mortgage Calculator

Estimated Monthly Payment

AED 5,121

Based on 25-year mortgage at 4.99%

Principal (57%) Interest (43%)
20% (AED 219,200)
5%80%
4.99%
2%8%
Property PriceAED 1,096,000
Loan AmountAED 876,800
Total InterestAED 659,373
Total Cost (Principal + Interest)AED 1,536,173

Estimated Upfront Costs

Down PaymentAED 219,200
DLD Registration (4%)AED 43,840
Agency Fee (2%)AED 21,920
Total UpfrontAED 284,960

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 1.61M

Avg. Price

AED 1,380.41

Avg. /sqft

5

Transactions

AED 986K10.0% lower
15 Apr 2026 2 Bed 997 sqftAED 989/sqft
Completed Sale
AED 2.23M103.4% higher
16 Mar 2026 2 Bed 1,315 sqftAED 1,695/sqft
Completed Sale
AED 1.81M64.8% higher
16 Mar 2026 2 Bed 1,140 sqftAED 1,584/sqft
Completed Sale
AED 1.62M47.5% higher
16 Mar 2026 2 Bed 1,160 sqftAED 1,394/sqft
Completed Sale
AED 1.41M28.4% higher
14 Feb 2026 2 Bed 1,135 sqftAED 1,240/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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