Rental prices on Al Marjan Island in Ras Al Khaimah have experienced a dramatic increase, with a 60% rise over the past two years, according to data from Property Finder. The median annual rent has surged from Dh40,000 in April 2023 to Dh64,800 in April 2025, marking a significant 62% jump within just two years.
The increase in rents has continued to accelerate, with figures showing a 12% year-on-year rise from April 2024 to April 2025. This follows a sharp 45% increase in the previous year, demonstrating a strong upward trend in rental prices. The growth in rental prices is largely focused on apartments and duplexes, which make up 97% of all residential rental listings on the island.
Currently, the median rental price per square foot on Al Marjan Island stands at Dh81. Rental listings on the island typically range between Dh50 and Dh120 per square foot. The average size of a rental property on Al Marjan Island is 773 square feet.
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This surge in rental prices positions Al Marjan Island as a more expensive option compared to other popular residential areas in Ras Al Khaimah. For instance, rents on Al Marjan Island are approximately 20% higher than those in Al Hamra Village and Mina Al Arab. The premium on rental prices is attributed to the island’s growing appeal as a waterfront destination, as well as its proximity to prominent developments, including the upcoming Wynn Al Marjan, the first integrated resort in the Middle East.
Growing Demand for Apartments and Duplexes
Fibha Ahmed, Vice President of Property Sales at Bayut & dubizzle, highlighted the significant role that the apartment sector on Al Marjan Island plays in driving the upward momentum. “We’ve seen solid growth across the board, but it’s the apartment segment in Al Marjan Island that really stands out,” Ahmed said. “Rents jumped by 42% year-on-year from Q1 2023 to Q1 2024, and then climbed another 13% by Q1 2025.”
The rapid increase in rental prices underscores the growing appeal of Al Marjan Island not only for tenants seeking upscale, well-connected homes but also for investors interested in compact units that offer strong rental yields.
Rising Popularity and Investor Interest
Bayut’s data reveals that Al Marjan Island consistently attracts about 25% of all apartment rental views in Ras Al Khaimah, despite the island being a relatively smaller community. This concentration of demand highlights the island’s increasing popularity, driven by both media attention and real, on-the-ground interest.
The island’s appeal is growing, making it a top choice for renters and investors alike. Fibha Ahmed notes, “Al Marjan Island’s apartment sector has seen an exceptional rise in demand, a trend that we expect to continue as the island becomes even more well-known.”
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Expectations for Further Growth
Ankur Aggarwal, Chairman and Founder of BNW Developments, has also weighed in on the outlook for Al Marjan Island’s rental market. Based on current momentum and upcoming developments, Aggarwal anticipates rental prices on the island to rise by an additional 10–15% over the next 12–24 months.
This expected growth is expected to be driven by the continued demand from international tenants, a rising influx of tourists, and the relatively limited availability of premium rental properties. As projects like the Wynn Resort near completion and tourism-linked infrastructure ramps up, supply on the island will likely tighten, pushing rents further upward.
Aggarwal added, “The island is on course to become one of the UAE’s most dynamic investment destinations, with strong returns for both short-term and long-term investors.”
A Key Player in the UAE’s Investment Landscape
Al Marjan Island is quickly establishing itself as a key player in the UAE’s real estate investment landscape. With a growing portfolio of high-profile developments and a rise in tourism, the island is positioning itself to be one of the most sought-after destinations for both renters and investors in the UAE.
The island continues to develop and evolve, experts predict that its dynamic growth will further propel rental prices, making it a prime location for those looking to capitalize on the real estate boom in Ras Al Khaimah. The combination of its scenic waterfront setting, proximity to luxury developments, and rapidly growing rental demand makes Al Marjan Island a key destination for the UAE’s real estate market in the years to come.
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