Premium 3BR | High Floor | Panoramic View | Apartment in Al Marjan Island
AED 3,244,000

AED 1,625 per sqft

Premium 3BR | High Floor | Panoramic View | Apartment in Al Marjan Island

Al Marjan Island, Ras Al Khaimah
Listed 80 days ago
3
Beds
3
Baths
1,996
Sqft
apartment
Type

About This Property

Premium 3 bedroom apartment available in Chic Tower, Al Marjan Island. This 1996 sqft property offers excellent value at AED 3,244,000. Located in the heart of Ras Al Khaimah, with easy access to major amenities.

Property Details

Property TypeApartment
Listing TypeSale
OwnershipFreehold
Views7
Referencee396072e-c82a-442c-b29a-c0aebbe0098a

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

5.9/ 10
Fair Price2.4% below market

At AED 1,625/sqft vs 1,665/sqft market average in Al Marjan Island, this listing is 2% below recent transaction values — reasonably priced.

Price per sqft comparisonAl Marjan Island · 3 BR apartment
AskingAED 1,625/sqft
DLD Market AvgAED 1,665/sqft

Price Transparency

Estimate
This listing
AED 1,625/sqft
Area benchmark unavailable
Asking priceAED 3,244,000
DLD transfer fee (4%)AED 129,760
Trustee fee (flat)AED 4,200
Mortgage registration (0.25% of 75% LTV)AED 6,373
Agency commission (2%)AED 64,880
Est. total transaction costAED 3,449,213

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

Good Price

Great Deal - 10% Below Average

Priced below the area average of AED 1800/sqft. Solid value for Al Marjan Island.

Price per sqft comparisonAl Marjan Island · 3 BR apartment
This PropertyAED 1,625/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
8.02%
Excellent Yield
Net Yield
7.1%
After charges
Estimated Rental Income
Monthly
AED 21,678
Annual
AED 260,136
Service Charge: AED 29,940/yr15 AED/sqft
Capital Appreciation (Ras Al Khaimah)
vs Area Average92.7% above avg

Mortgage Calculator

Estimated Monthly Payment

AED 15,156

Based on 25-year mortgage at 4.99%

Principal (57%) Interest (43%)
20% (AED 648,800)
5%80%
4.99%
2%8%
Property PriceAED 3,244,000
Loan AmountAED 2,595,200
Total InterestAED 1,951,649
Total Cost (Principal + Interest)AED 4,546,849

Estimated Upfront Costs

Down PaymentAED 648,800
DLD Registration (4%)AED 129,760
Agency Fee (2%)AED 64,880
Total UpfrontAED 843,440

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 2.74M

Avg. Price

AED 1,686.35

Avg. /sqft

5

Transactions

AED 2.66M18.1% lower
16 Mar 2026 3 Bed 1,967 sqftAED 1,351/sqft
Completed Sale
AED 2.69M17.1% lower
14 Feb 2026 3 Bed 1,767 sqftAED 1,522/sqft
Completed Sale
AED 2.58M20.4% lower
14 Feb 2026 3 Bed 1,438 sqftAED 1,795/sqft
Completed Sale
AED 3.10M4.4% lower
16 Dec 2025 3 Bed 1,670 sqftAED 1,857/sqft
Completed Sale
AED 2.66M18.1% lower
16 Nov 2025 3 Bed 1,394 sqftAED 1,907/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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