Can Foreigners or Expats Buy Property on Al Marjan Island?
Yes, foreigners and expatriates can purchase property on Al Marjan Island in Ras Al Khaimah (RAK), United Arab Emirates (UAE). This man-made archipelago offers full freehold ownership to non-GCC nationals, allowing them to buy, sell, lease, and transfer properties without the need for a local sponsor.
Key Highlights for Foreign Investors
Freehold Ownership
Al Marjan Island provides 100% freehold ownership rights to non-GCC nationals, ensuring complete control over their property—including the ability to resell, lease, or transfer ownership without restrictions.
Secure Transactions
The UAE escrow system safeguards investor funds during off-plan purchases. Payments are held in government-regulated accounts and are only released based on verified construction milestones, offering maximum transparency and security.
Flexible Payment Plans
- Developers on Al Marjan Island offer staggered payment plans that align with construction phases.
- Local banks offer mortgage financing to eligible foreign investors, often covering up to 50% of the property value, subject to terms and bank policies.
Tax Advantages
- No income tax
- No capital gains tax
These tax benefits make Al Marjan Island an attractive choice for global investors seeking maximum return on investment.
Residence Visa Options
Property investors in Ras Al Khaimah may qualify for a UAE residence visa, valid for 2 to 10 years, depending on the property value. Benefits include:
- Family sponsorship
- Access to healthcare and education
- Multiple-entry privileges
For more details, visit the Federal Authority for Identity and Citizenship (ICP).
Why Invest in Al Marjan Island?
Al Marjan Island is rapidly evolving into one of the UAE’s premier real estate destinations. With its waterfront living, stunning beaches, and mega-developments such as:
- Wynn Resort and Casino
- Nobu Residences
- Four Seasons and Ritz-Carlton branded properties
The island offers both lifestyle luxury and investment potential. Its location—just 45 minutes from Dubai—adds even more appeal for both residents and tourists.
Conclusion
Al Marjan Island represents a unique opportunity for foreign investors and expats to enter the UAE real estate market with confidence. With:
- Freehold ownership rights
- Government-backed regulations
- Secure investment frameworks
- Zero property tax
- Long-term visa potential
It is a top-tier choice for those looking to own a slice of waterfront paradise in the Emirates.
