Manta Bay Phase 2: Waterfront Apartments on Al Marjan Island from AED 1.2M
Manta Bay Phase 2 is a residential apartment project by Major Developers on Al Marjan Island, Ras Al Khaimah. The development covers studios, one-bedroom, and two-bedroom apartments, with construction underway and handover targeted for June 2027.
AED 1.2M to AED 3.2M: Making Sense of the Range
The price spread is wide, and the unit mix explains it. Studios at 387 sq ft start from AED 1,200,000. One-bedroom units at 947 sq ft start from AED 1,700,000. Two-bedroom apartments reach up to AED 3,200,000 at 1,388 sq ft.
The entry point at AED 1.2M is a relatively accessible buy-in for Al Marjan Island. Studios here target investors primarily, given the compact size. One-bedrooms at AED 1.7M sit in the middle ground: suitable for single occupants, holiday use, or yield-focused buyers wanting a proper bedroom. Two-bedrooms at AED 3.2M serve a different buyer altogether: families, longer-term residents, or investors comfortable with higher capital deployment in exchange for a larger unit.
Al Marjan Island: What the Location Actually Means
Al Marjan Island is a series of man-made peninsulas in the Arabian Gulf, roughly an hour from central Dubai by road. It sits within Ras Al Khaimah, which operates under a different regulatory and cost structure compared to Dubai.
The island setting is the central feature here: water on multiple sides and a waterfront-focused planning scheme. For an investor, the distance from Dubai means the property targets residents and holiday visitors rather than daily commuters. That shapes the rental audience and the income profile you can expect.
Studios to Two-Bedrooms: The Unit Range
All units are apartments. The range runs from compact studios at 387 sq ft through to two-bedroom apartments at 1,388 sq ft. That gap covers three genuinely different living situations.
A studio here reads as a holiday let or an entry-level investment. A one-bedroom at 947 sq ft is large enough for comfortable single-occupant living. The two-bedrooms at 1,388 sq ft suit couples or small families treating the property as a primary or secondary residence.
Spa, Pool, and Fitness: What the Facilities Include
| Wellness | Leisure | Family |
|---|---|---|
| Gymnasium | Infinity Pool | Children's Play Area |
| Health Club | Landscaped Gardens | |
| Shared Spa | Jacuzzi & Steam |
Seven facilities with a clear lean toward wellness and water-related leisure. The shared spa and jacuzzi are notable inclusions: they appear more often in hotel-grade developments than in residential projects at this price bracket. The health club alongside the gymnasium gives buyers both guided and self-directed fitness options.
The amenity set signals a target resident who values lifestyle quality. It suits a second-home buyer or a short-term rental operator more than a buy-to-hold investor chasing lean running costs.
Off-Plan with June 2027 as the Target
Construction at Manta Bay Phase 2 started in February 2025. The expected completion date is June 2027, leaving roughly one year from mid-2026.
For a buyer entering now, that is a shorter capital lock-up than many projects launched with four- or five-year horizons. The build is already in progress and approaching the back half of its construction schedule, which reduces execution uncertainty compared to a project still in the ground-breaking phase.
60% During Construction, 40% at the Keys
| Stage | Payment |
|---|---|
| During construction | 60% |
| On handover | 40% |
The payment structure loads the majority into the construction phase, spreading capital outlay across the build period. The 40% at handover is the sharp end: AED 480,000 on a studio, AED 680,000 on a one-bedroom, and AED 1,280,000 on a two-bedroom at the point of completion.
The handover payment is a single lump sum. Buyers at the top end of the range need to carry just over AED 1.28M at the point of key collection.