Sheraton The Residences at Al Marjan Island Resort, Ras Al Khaimah

Sheraton The Residences at Al Marjan Island Resort is a new residential project by Atara Development on the artificial island of Al Marjan Island in Ras Al Khaimah. The 18-storey building offers fully furnished studios and one- and two-bedroom apartments. The residences will be connected to the existing Sheraton Al Marjan Island Resort, allowing owners to enjoy the resort's facilities while having a separate private living area. Sheraton The Residences at Al Marjan Island Resort is currently under construction, with completion scheduled for Q3 2028.

The residential development is designed to maximise views of the Arabian Gulf. The interior design of this property in Ras Al Khaimah will feature light colours, wood and materials that are pleasant to the touch, giving the interior a modern look. The floor plans of the apartments at Sheraton The Residences at Al Marjan Island Resort are designed to provide space for both leisure and work. All of these apartments on Al Marjan Island feature open-plan kitchens and living rooms, high-quality bathroom fixtures, walk-in closets and built-in storage systems.

There are three types of properties planned for Sheraton The Residences at Al Marjan Island Resort: studios, one-bedroom apartments and two-bedroom apartments. Studios start at approximately 725 sqft (67 m²). One-bedroom apartments on Al Marjan Island start at 968 sqft (90 m²). Two-bedroom layouts start at 1142 sqft (106 m²). A total of 141 residences and 318 hotel rooms are planned for the project. Residents of these apartments on Al Marjan Island will have a separate entrance, their own lobby and lifts, and two levels of underground parking.

The developer, Atara Development, offers interest-free payment plan on a 70/30 basis with an initial deposit of only 5% for buying property at The Residences at Sheraton Al Marjan Island Resort. The buyer pays 5% upon booking, another 15% upon signing the purchase agreement, then 50% is divided into equal payments during the construction period, and the final 30% is paid upon receiving the keys. Prices for properties at The Residences at Sheraton Al Marjan Island Resort start from 2 400 000 AED (653 400 $) for a studio, from 2 900 000 AED (789 500 $) for a one-bedroom apartment, and from 3 100 000 AED (844 000 $) for a two-bedroom residence.

Residents of properties at Sheraton The Residences at Al Marjan Island Resort will have direct access to a sandy beach with sun loungers, beach volleyball areas and water sports. The development will feature several swimming pools: a family pool, a saltwater pool, a separate children's pool and a spectacular rooftop infinity pool with a bar and lounge. For sports and healthy lifestyle enthusiasts, there is a large gym, a yoga and Pilates studio and an outdoor fitness area with post-workout refreshments. The spa complex will feature a hammam, sauna, steam rooms, cold pool, and treatment rooms.

Families with children will appreciate the children's pool, indoor and outdoor playgrounds, a teen room with video games and arcade machines, a green lawn for events, and a small open-air cinema. For meeting friends, there will be a residents' lounge, games rooms, a bar with billiards and a golf simulator, as well as outdoor terraces with comfortable furniture. For those who work remotely, there will be co-working spaces with meeting rooms, separate call booths and a media room.

An important part of Sheraton The Residences at Al Marjan Island Resort is the restaurants and evening atmosphere. The development will include a 24-hour all-day dining restaurant, a separate higher-end restaurant, a kitchen and lounge on the upper floors with impressive sea views, and a nightclub. Owners of properties at Sheraton The Residences at Al Marjan Island Resort will receive the privileges of Marriott International's ONVIA programme: discounts on accommodation at thousands of hotels worldwide, special conditions at restaurants, early check-in and late check-out, privileges on Ritz-Carlton Yacht Collection cruises, and assistance in organising trips and events.

The location on Al Marjan Island is one of the main arguments in favour of buying an apartment at Sheraton The Residences at Al Marjan Island Resort. The archipelago consists of four artificial islands and stretches for several kilometres into the Arabian Gulf. It has more than 7 km of landscaped beaches, several high-end hotels (both existing and under construction), residential properties and entertainment facilities. The Wynn Al Marjan Island resort is located near the development. Its opening is expected to further boost demand for apartments on Al Marjan Island. The Al Hamra district, with its Al Hamra Mall, marina, restaurants and cinema, is about a 10-minute drive away.

Ras Al Khaimah International Airport is about a 15-minute drive away, and the emirate's main business and shopping areas are 20-30 minutes away. The journey to Dubai International Airport takes approximately 50 minutes. Residents of property on Al Marjan Island have access to taxis and intercity buses that connect the island to the city centre and other emirates.

The average rental yield for properties in Ras Al Khaimah is estimated at 6-8% per annum, with beachfront properties on Al Marjan Island often yielding closer to the upper end of this range. In addition, new projects, including the large Wynn Al Marjan Island resort, are contributing to price growth. In recent years, prices for property on Al Marjan Island have risen significantly, and short-term rentals offer the potential for double-digit returns.

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