Elevate records growing demand for premium beachfront real estate
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 50mn 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.
“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 US$ 20bnof inward investment into a man-made island roughly half the size of Palm Jumeirah, set against a rapidly diminishing supply of beachfront real estate,” assured Hamid Jafri, Partner, Elevate.
