Sunshine Bay, Al Marjan Island: Apartments from AED 980K with 10% Down
Sunshine Bay is a residential apartment project on Al Marjan Island in Ras Al Khaimah, developed by The Source of Fate Real Estate Development. Construction started in October 2024, and handover is targeted for January 2027. At the time of writing, the project is approaching its final stage.
Al Marjan Island: What the Location Means
Al Marjan Island sits on the RAK coastline along the Arabian Gulf, connected to the mainland by road. Emirates Road links it directly to Dubai, putting Dubai Marina roughly 50 to 60 minutes away in typical traffic conditions. Sharjah and Ajman are also within an hour.
Choosing Al Marjan Island means choosing a waterfront address at lower price points than comparable Dubai locations, in a distinct property market. For end-users, the island offers a coastal setting with relative quiet compared to city density. For investors, the waterfront location suits buyers considering short-stay rental demand.
What AED 980K to AED 2.49M Buys You
The price range runs from AED 980,000 to AED 2,490,000. The spread maps directly to the unit mix.
Studios start at AED 980,000, ranging from roughly 439 to 792 sq ft depending on layout. One-bedrooms price from AED 980,000 to AED 1,400,000, with sizes between 790 and 1,538 sq ft across different layout variants. Two-bedrooms reach AED 2,490,000, with the largest units at 2,307 sq ft.
The studio entry at AED 980K targets yield-focused buyers. At up to 792 sq ft, these are larger-format studios for the category. The one-bedroom range at AED 980K to 1.4M spans a wide bracket: lower-priced units sit close to studio pricing, while the upper end covers layouts above 1,500 sq ft. The two-bedroom units at AED 2.49M suit buyers looking for a family-sized apartment or a substantial holiday residence.
Getting In for 10%
| Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 30% |
| At handover | 20% |
| Post-handover | 40% |
The 10% down payment limits the initial cash outlay. The more significant figure is the 40% post-handover portion: nearly half the purchase price falls after the project delivers. For a buyer entering now, the remaining construction payments and the handover tranche arrive within the next five months, followed by the post-handover schedule.
The Apartment Mix
Sunshine Bay offers studios, one-bedroom, and two-bedroom apartments. Multiple layout types exist within each bedroom category, reflecting different positions and orientations across the building.
What the Amenity Set Tells You
| Category | Amenities |
|---|---|
| Fitness & Wellness | Gymnasium, Yoga Room, Jacuzzi & Steam |
| Water | Indoor Swimming Pool, Children's Pool |
| Outdoor & Family | Landscaped Gardens, Children's Play Area, Barbecue Area |
Eight amenities in total. The indoor pool stands out on a waterfront project: it provides year-round swimming without seasonal dependency. The yoga room and jacuzzi and steam combination points to a resident who treats wellness as a daily routine. The double children's provision, a dedicated pool and a play area alongside a barbecue area, positions this as a project suited to families or buyers planning to lease to families.
Five Months to Completion
Construction started in October 2024. Expected handover is January 2027. Buyers entering now take on minimal construction timeline risk, with most of the build phase already complete.