Luxury Residences to Transform Al Marjan Island
A major development is underway on Al Marjan Island in Ras Al Khaimah, with the announcement of a Dh3 billion luxury residential project. This initiative marks the entry of Abu Dhabi National Hotels (ADNH) into the northern emirate’s real estate market, expanding their portfolio beyond hospitality.
Overview of the Project
The Residences at Nasim Al Bahr will offer a diverse range of living options, including apartments, penthouses, townhouses, and villas, all under the esteemed Luxury Collection brand of Marriott International. Prices for these residences will start at Dh3.44 million, making them a significant investment in the region’s luxury market.
ADNH’s Strategic Move
ADNH has a long-standing history in the hospitality sector, having operated hotels in Abu Dhabi and Dubai for nearly fifty years. The launch of this residential project represents a pivotal moment in the company’s growth strategy. Sheikh Ahmed Mohammed Sultan Suroor Aldhahiri, vice chairman and managing director of ADNH, emphasized the importance of this venture, stating that it reflects their commitment to providing exceptional experiences beyond traditional hotel offerings.
Benefits of Collaboration with Marriott
The partnership with Marriott International enhances the appeal of the residences, offering future homeowners exclusive benefits. These include Marriott Bonvoy Platinum Elite status, access to preferred rates at Marriott hotels globally, and personalized concierge services. Jaidev Menezes, regional vice president of mixed-use development at Marriott, highlighted the project’s unique design and exceptional service, positioning it as a standout addition to their portfolio.
Attractive Financing Options
One Broker Group, the exclusive sales partner for the project, has noted that the development’s competitive 40:60 payment plan is a significant draw for potential buyers. Umar Bin Farooq, founder of One Broker Group, pointed out that this plan, combined with the premium waterfront location and the renowned hospitality brand, makes the residences an attractive investment.
Market Trends and Future Outlook
The timing of this project aligns with a booming real estate market in Ras Al Khaimah. Recent data from CBRE indicates that the branded residences sector has seen a remarkable 39 percent increase in average prices year-on-year in the first quarter of 2025. It is projected that these premium properties will account for 25 percent of the market supply by 2030, indicating a strong demand for luxury living in the area.
Amenities and Handover Timeline
The Residences at Nasim Al Bahr will feature a range of world-class amenities, including resort-style pools, spa facilities, indoor padel courts, and signature dining options. The expected handover date for the residences is set for the fourth quarter of 2027, allowing ample time for construction and development.
FAQs
What types of residences will be available at Nasim Al Bahr?
The development will include apartments, penthouses, townhouses, and villas, catering to a variety of preferences and budgets.
When is the expected handover date for the residences?
The handover of the residences is scheduled for the fourth quarter of 2027.
What financing options are available for potential buyers?
The project offers a competitive 40:60 payment plan, which allows buyers to pay 40% upfront and the remaining 60% upon completion.
Conclusion
The launch of The Residences at Nasim Al Bahr represents a significant step for ADNH into the residential market of Ras Al Khaimah. With luxury living options, exclusive benefits from Marriott, and a booming real estate sector, this development is poised to attract a wide range of buyers. As the project progresses towards its 2027 completion, it will undoubtedly contribute to the vibrant landscape of Al Marjan Island.
The development on Al Marjan Island is part of a broader trend in the UAE, where luxury real estate continues to attract both local and international investors. The northern emirate of Ras Al Khaimah has been positioning itself as a desirable destination for high-end living, with its scenic landscapes and strategic location enhancing its appeal. This project is expected to contribute to the emirate’s ongoing efforts to diversify its economy and boost tourism.
As the luxury market evolves, developers are increasingly focusing on creating integrated communities that offer not just residences but also lifestyle amenities. The Residences at Nasim Al Bahr aims to cater to this demand by providing a holistic living experience that combines comfort, luxury, and convenience. With the backing of established brands like Marriott, the project is likely to set new standards for residential offerings in the region.
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