Sustained investor appetite drives over AED 50 million in sales in 15 days at Mondrian Al Marjan Island Beach Residences
Ras Al Khaimah has firmly established itself as one of the UAE’s most compelling real estate investment destinations, with Al Marjan Island at the centre of its rise. Anchored by landmark investment into the emirate – led by the multi-billion-dirham Wynn Al Marjan Island integrated resort – and rising international visibility, the island continues to draw regional and global capital to lifestyle-led developments built for long-term value.
That demand shows no sign of slowing. In a clear signal of the market’s strength, ELEVATE – the lifestyle real estate brand behind Mondrian Al Marjan Island Beach Residences, developed with globally recognised hospitality company Ennismore – recorded over AED 50 million in sales in just 15 days at its flagship beachfront development.
The pace of transactions points to a deeper trend: sustained investor appetite for genuine beachfront branded residences in one of the UAE’s last remaining island addresses, at a moment when Ras Al Khaimah’s broader trajectory is drawing international attention.
“What we’re seeing on Al Marjan Island is bigger than any one development,” said Hamid Jaafri, Partner at Elevate. “Real estate is, at its core, a supply and demand business and demand on Al Marjan Island is rising by the day. Astute investors recognise the impact of over $20 billion of inward investment into a man-made island roughly half the size of Palm Jumeirah, set against a rapidly diminishing supply of beachfront real estate. I predict that within the next six to nine months, branded beachfront residences on the island will be sold out on the primary market.”
As landmark projects advance across the emirate, Ras Al Khaimah continues to consolidate its position as one of the region’s standout investment stories with Al Marjan Island, and developments such as Mondrian Al Marjan Island Beach Residences, at the forefront of that momentum.
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