Property in Marjan Beach

Freehold means you own the property, and the land it sits on, outright and indefinitely, and you can sell, rent or pass it on as you wish. Foreigners can only buy in areas designated as freehold.

In Ras Al Khaimah, the freehold areas include Al Marjan Island, Al Hamra Village, Mina Al Arab and RAK Central, as well as other designated areas such as Julphar Towers. Marjan Beach is also part of the Marjan master-developer offering. Always confirm that a specific project is in a freehold zone before buying.

Off-plan means buying a property directly from the developer before it is built or completed. You reserve a unit, sign a sales and purchase agreement, and pay in stages according to a payment plan, usually a deposit, installments during construction, and a final payment at handover or a post handover payment plan, which differs with each developer.

Buyers are usually attracted by lower entry prices, flexible payment plans and the potential for the property’s value to grow by the time it is completed. Payments for off-plan projects should only go to the developer’s approved escrow account.

Ras Al Khaimah offers a lower entry price than Dubai or Abu Dhabi, so the same budget typically gets you a larger property in a beachfront or resort-style location. Buyer registration costs are also lower than Dubai’s 4%.

The emirate is growing quickly, driven by major tourism projects such as the Wynn Al Marjan Island resort and a target of 3.5 million visitors per year by 2030. New developments like Marjan Beach and RAK Central are also adding to the emirate’s residential and commercial base. Together, these give investors an early position in a market still in its growth phase.