La Mazzoni: Al Marjan Island at 5% Down
The Luxe Developers are bringing La Mazzoni to Al Marjan Island in Ras Al Khaimah, and the headline is a 5% down payment to enter. For a project whose units start at AED 1.99 million and climb to nearly AED 21 million, that entry threshold is genuinely low. If capital efficiency matters to your buying decision, start here.
An Island Address in Ras Al Khaimah
Al Marjan Island sits off the coast of Ras Al Khaimah, roughly an hour from Dubai by car. It is a waterfront development in its own right: not a suburb of Dubai, but a distinct destination with direct sea access and an island address.
Living here means a different daily rhythm. The drive to Downtown Dubai or Dubai Marina takes about an hour. For buyers who prioritise a quieter residential base without sacrificing waterfront lifestyle, this trade-off works. For those tied to a Dubai office five days a week, the commute requires honest consideration.
What AED 2M to AED 21M Actually Covers
The price range at La Mazzoni spans from AED 1,994,675 to AED 20,968,636. That ten-to-one ratio reflects genuinely different products within one development.
At the low end, a 1-bedroom apartment at 835 sq ft comes in at AED 1.99 million. This is the entry point: a unit suited to a single buyer, a couple, or an investor targeting the short-stay rental market on the island.
Step up to 2-bedroom apartments, and pricing starts at AED 3.17 million. A 3-bedroom apartment starts at AED 4.44 million. These suit buyers who want more space for family use or want a larger unit as a long-hold investment.
At the top, 4-bedroom penthouses at close to 7,000 sq ft are priced at AED 20.97 million. This is a different category of buyer entirely: someone paying for scale, elevation, and the full island experience.
The duplex tier sits between the standard apartment stack and the penthouses, offering a two-floor layout for buyers who want more vertical separation than a standard flat.
Apartments, Duplexes, and Penthouses
Three formats are available:
- Apartments (1, 2, and 3 bedrooms): the volume product, covering the widest range of investors and owner-occupiers.
- Duplexes (3-bedroom): a townhouse layout within a vertical building. Good for buyers who want a distinct floor plan rather than a standard flat.
- Penthouses (4-bedroom, ~7,000 sq ft): the top of the range. At AED 20.97 million, these target buyers for whom the price itself is a qualifier.
What the Amenity Set Says
| Category | Amenities |
|---|---|
| Fitness & Wellness | Gymnasium, Indoor Swimming Pool |
| Outdoor | Landscaped Gardens, Children's Play Area |
| Security | CCTV Security |
The indoor swimming pool is a practical feature for year-round residents, not just seasonal visitors. Combined with the landscaped gardens and children's play area, the amenity set signals the developer is targeting families as well as short-stay users.
A December 2028 Completion
Construction broke ground in October 2024. The expected handover is December 2028. For a buyer entering now, roughly two and a half years of the construction period remain.
This timeline suits investors who plan to hold off-plan through to completion and either exit near handover or take possession. For end-users intending to live in the unit, December 2028 is the working target for when the property becomes theirs.
Getting In for 5%
| Stage | Payment |
|---|---|
| Down payment | 5% |
| During construction | 65% |
| Post handover | 30% |
A 5% down payment is low by market standards for a development of this scale. It reduces the cash required to secure a contract. The 65% during construction spreads the bulk of the cost across the build period, roughly four years from ground break to handover.
The 30% post-handover component is the more important number for cash flow planning. Rather than clearing the full purchase price before receiving keys, buyers carry nearly a third of the cost into the post-handover period. For investors, that window allows rental income from the unit to run in parallel with the remaining payment obligation.