Mondrian Elevate
Luxury 1-3 Bedroom Apartments in Marjan Island
Location:
Payment plan:
Marjan Island
60/40
Completion: Q4 2028
Developer:
One Development
Starting from AED 2.5M
Marjan Island is a man-made archipelago located in Ras Al Khaimah (RAK), one of the fastest-growing emirates in the UAE. It extends 4.5 km into the sea and features 7.8 km of pristine beaches with high-end resorts, residential communities, and upcoming mega attractions.
🔹 Why is it a Strong Investment Opportunity?
Wynn Al Marjan Island Casino Resort (Opening 2027) 🎰
The first casino in the GCC region, backed by Wynn Resorts (USA).
A $3.9 billion project expected to transform the tourism landscape.
Projected to boost property values and tourism by 40%+ in the area.Tax-Free Environment 💸
No personal income tax, no capital gains tax.
100% foreign ownership possible for many properties.High Tourism Demand 📈
RAK aims to attract 3.5 million tourists annually by 2030.
Year-round destination: beaches, mountains, golf, adventure sports.Affordability vs Dubai 💰
Prices still significantly lower than similar beachfront properties in Dubai.
Higher rental yields (6–9%) due to limited supply and increasing demand.Infrastructure & Lifestyle 🌆
Home to luxury resorts: Rixos, Movenpick, Hilton, DoubleTree.
Growing community with beach clubs, marinas, retail, and medical facilities.
🔹 Key Selling Points
🌊 Beachfront Freehold Properties
🎲 First Casino in the Region
📈 Strong ROI Potential
🏗️ Ongoing Infrastructure & Hospitality Growth
🏘️ Luxury + Serenity + Affordability
🇦🇪 Stable Economy & Investor-Friendly Laws
Amenities
Private Beach Access: Residents will enjoy direct access to a serene and luxurious beachfront.
Infinity Pool: An expansive infinity pool provides a stunning setting for relaxation and recreation.
Fitness Center: A state-of-the-art fitness center caters to residents' wellness needs.
Wellness Areas: Dedicated spaces for wellness activities and relaxation are incorporated into the design.
5-Star Hotel Services: Residents will benefit from premium hospitality and concierge services, mirroring the experiences found in 5-star hotels.
Curated Cultural Programming: The development will feature curated cultural events and activities, adding a unique dimension to the living experience.
Gensler Architecture and Bergman Design House: The project is designed by renowned firms Gensler (architecture) and Bergman Design House (interiors), ensuring a sophisticated and contemporary aesthetic.
Accor One Living: Homeowners will be connected to Accor's ecosystem of hospitality and branded residential services through Accor One Living.
Payment Plan
Down Payment: 20% to book a unit.
During Construction: 60% of the total price is paid in installments.
On Handover: The remaining 40% is due upon completion and handover of the property in 2028.
Types of units
Starting Prices:
✅1 Bed - 2.5m
✅2 Bed - 3.5m
✅3 Bed - 5.5m
✅THs - 7.5m
✅Sky Villas - POA
Service fees:
Location
