Nobu Hotel & Residences Al Marjan Island: Entry at AED 4M, With Half the Price Due at Signing
H&H Development is building Nobu Hotel & Residences on Al Marjan Island in Ras Al Khaimah. The project pairs a Nobu Hotel with privately owned residences. Three property formats are available: two- and three-bedroom apartments, penthouses, and a standalone villa. Residents have access to hotel and spa facilities within the building. Construction started in December 2023, with completion scheduled for January 2028. Buyers entering now are off-plan, with roughly 18 months of build time remaining.
From AED 4M to AED 26M: Three Different Products, Not Three Budget Tiers
The AED 4M to AED 26M price spread reflects three distinct residential formats, not a single product type offered at varying sizes.
Two-bedroom apartments start at AED 4 million, with floor areas between 1,463 and 1,582 sq ft depending on layout. Three-bedroom apartments start at AED 7 million, in the 2,500 to 2,551 sq ft range. Four-bedroom penthouses begin at AED 18 million at roughly 5,994 sq ft. The four-bedroom villa sits at the top: AED 26 million at around 4,810 sq ft.
On a price-per-sq-ft basis, apartments and penthouses land broadly in the AED 2,500 to AED 3,000 per sq ft range. The villa at AED 26M comes in closer to AED 5,400 per sq ft, reflecting the premium attached to standalone villa ownership within this development.
The buyer at AED 4M is entering a hotel-branded building at a waterfront RAK address in a two-bedroom unit of roughly 1,463 to 1,582 sq ft. The buyer at AED 26M is acquiring a standalone four-bedroom villa of around 4,810 sq ft in the same compound. These are fundamentally different residential products, even if they share the same development address.
Al Marjan Island: Waterfront in RAK, About an Hour From Dubai
Al Marjan Island is a waterfront destination within Ras Al Khaimah. The drive from central Dubai runs approximately an hour. The project sits on the island itself, so waterfront access is built into every unit type at every price point, rather than being limited to specific floors or building orientations.
The Nobu hotel brand and the on-site hotel and spa facilities give this development its hotel-residential character. Residents have hotel-grade wellness access within their own building.
Five Amenities, Led by Hotel and Spa Access
| Theme | Amenity |
|---|---|
| Hospitality & Wellness | Hotel and Spa Facilities |
| Fitness | Gymnasium |
| Recreation | Private Pool |
| Family | Children's Play Area |
| Convenience | Retail Facilities |
Hotel and spa access is the standout in this set. The remaining amenities cover fitness, recreation, family needs, and retail. The children's play area alongside retail indicates the project targets longer-term residents and families, not exclusively investor-held units.
January 2028: 18 Months Left in the Build Cycle
Construction began in December 2023 and is scheduled to complete in January 2028. As of mid-2026, roughly 18 months of active construction remain. The project is past its earliest stages but well short of delivery.
Off-plan buyers entering now are not buying at the start of a long wait. During-construction payments run through to handover.
Fifty Percent Up Front: The Structure That Defines Entry Cost
| Phase | Percentage |
|---|---|
| Down payment | 50% |
| During construction | 50% |
The 50% down payment is the defining number in this payment structure. At the AED 4M entry level, that is AED 2 million due at signing. At the AED 7M three-bedroom, the signing commitment is AED 3.5 million. At the AED 18M penthouse, it is AED 9 million. At the AED 26M villa, the down payment alone reaches AED 13 million.
The remaining 50% is paid during construction. There is no post-handover period. The full purchase price is settled before completion.