Park Beach Residence: Apartments on Al Marjan Island from AED 900,000
Park Beach Residence is a residential apartment development by Park Group on Al Marjan Island, Ras Al Khaimah. The project covers studios through to two-bedroom apartments, positioned on the emirate's primary waterfront island. Construction started in June 2024, with completion targeted for April 2026.
Al Marjan Island: What the Location Delivers
Al Marjan Island is a group of reclaimed islands extending into the Arabian Gulf from the RAK coastline, approximately 45 minutes north of Dubai by road. This is Ras Al Khaimah's headline waterfront address. The drive from Dubai crosses into RAK well before the island, giving residents easy access to Dubai for work or services while maintaining a distinct base outside the city.
Living on Al Marjan means sea proximity and low density. There is no urban center on the island itself; the nearest commercial hub is RAK City, roughly 10 to 15 minutes by car. This is not a walkable, amenity-dense neighborhood. It is a waterfront location that prioritizes the physical setting. For owner-occupiers who value that, the setup works well. For investors, the island's appeal to tourists supports short-term rental demand, particularly during the cooler months from October through April.
For buyers priced out of Dubai waterfront, Al Marjan Island is the closest geographic and lifestyle equivalent at a materially different price point. At AED 900,000 for a studio here, the gap to comparable Dubai waterfront addresses is substantial.
Studios Starting at AED 900,000
The listed entry price for Park Beach Residence is AED 900,000, which corresponds to studio units. Four studio layout types are available, ranging from 432 to 439 sq ft. At AED 900,000, the per-square-foot rate sits at approximately AED 2,050 to 2,080. The studio buyer here is typically an investor seeking compact exposure to Al Marjan Island, or a buyer looking for a self-contained coastal residence at a manageable price.
One-bedroom units span a wide size range, from around 664 sq ft at the compact end to just over 1,085 sq ft at the top. That spread reflects several layout types with meaningfully different livability profiles. A 1,000-plus sq ft one-bedroom functions quite differently from a 660 sq ft unit in daily use and rental positioning.
Two-bedroom apartments run from 942 to 1,145 sq ft, suited to small families, couples wanting a dedicated second room, or investors targeting higher per-unit rental returns.
Getting In for 10%
| Phase | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 40% |
| At handover | 10% |
| Post handover | 40% |
The 10% down payment on AED 900,000 is AED 90,000 upfront, a low threshold to commit to an off-plan purchase at this price level. The 40% construction-phase payments are distributed across the build period. The defining feature of this plan is the 40% post-handover portion: close to half the total purchase price deferred until after key collection. With AED 360,000 falling due after handover on a AED 900,000 studio, the payment schedule has a long tail. For investors, those instalments can be partially offset by rental income once the unit is tenanted. For owner-occupiers, significant payment obligations continue well past move-in.
What the Amenity Set Signals
| Category | Facilities |
|---|---|
| Recreation | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens, Children's Play Area |
| On-site Services | Restaurants, CCTV Security |
The indoor swimming pool is the standout feature. At this price point, outdoor pools are standard; an indoor pool removes seasonal restrictions and serves year-round residents more directly than short-stay visitors. The children's play area and landscaped gardens suggest Park Group is targeting families and longer-term occupants rather than purely short-stay rental stock. On-site restaurant access matters more in an island setting where leaving for meals requires a car trip. The overall amenity profile is functional and resident-focused.
Timeline
Construction began in June 2024, with the original expected completion of April 2026 now passed. The project may already be at handover or in final completion stages. For buyers entering now, the post-handover payment phase is likely imminent or already active.