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About This Project
Island Heights is a sleek residential tower by Range Development on Al Marjan Island, RAK, comprising 165 studios and 1-bedroom apartments ranging from 401 to 1,168 sq. ft. The architecture leans into light — 360-degree Arabian Gulf views, floor-to-ceiling glazing, and interiors finished in cool tones and smooth textures that feel genuinely calming rather than clinical. Al Marjan Island is a four-coral-shaped-island archipelago extending into the Arabian Gulf, roughly 45 minutes from Dubai. The address is gaining serious momentum: the Wynn Resort, the UAE's first licensed casino, is under development here, alongside expanding luxury hotels, beachfront promenades, retail, schools, and medical facilities. Residents of Island Heights get direct access to the beach and the full waterfront lifestyle the island is building toward. Rental yields on Al Marjan Island waterfront apartments currently run at 9–10%, making this a credible buy-to-let play as well as a lifestyle purchase. The 70/30 payment plan spreads the bulk of payments before handover, with only 30% due on completion in Q1 2028. With studios starting at AED 1.2M, entry costs are competitive for a project in this location.
Investment Highlights
9–10% rental yields in Al Marjan Island for waterfront apartments
Located adjacent to Wynn Resort, the UAE's first casino resort, driving tourism and demand
RAK tourism up ~12% in 2024 with island off-plan prices increasing 15–20%
Freehold status with UAE residency visa eligibility from AED 750K investment
Payment Plan
70/30
