How Much Is Al Marjan Island Per Square Foot? An Evidence-Based Guide
Introduction
One of the most frequently asked questions by investors is: “How much is Al Marjan Island per square foot?” Understanding property prices per square foot is essential for evaluating real estate investments, comparing market trends, and identifying high-growth opportunities.
In this guide, we break down how much Al Marjan Island costs per square foot, comparing it with Dubai and Abu Dhabi, analyzing historical trends, future price projections, and key investment drivers.
If you’re considering investing in Al Marjan Island, this guide will help you determine whether now is the right time to buy.
1. How Much Is Al Marjan Island Per Square Foot in 2024?
As of 2024, property prices on Al Marjan Island per square foot vary depending on location, property type, and developer.
🏡 Apartments:
- Standard apartments: AED 1,400 – 2,000 per square foot
- Luxury & branded residences: AED 2,500+ per square foot
🏡 Villas & Townhouses:
- Beachfront villas & townhouses: AED 1,600 – 2,500 per square foot
- Premium branded villas: AED 2,500+ per square foot
💡 What Affects These Prices?
- Beachfront properties command a premium over inland locations.
- Branded residences (e.g., Nikki Beach) offer superior amenities, raising their price per square foot.
- Higher floors and full sea views result in 15-20% higher prices per square foot than standard units.
With Al Marjan Island’s price per square foot still lower than Dubai, investors can secure luxury real estate at competitive rates with strong appreciation potential.
2. Al Marjan Island vs. Dubai & Abu Dhabi: Price Per Square Foot
How much is Al Marjan Island per square foot compared to other UAE hotspots?
| Location | Apartments (AED per sq. ft.) | Villas (AED per sq. ft.) |
|---|---|---|
| Al Marjan Island | 1,400 – 2,500 | 1,600 – 2,500 |
| Dubai Marina | 2,000 – 3,500 | 2,500 – 4,500 |
| Palm Jumeirah | 2,800 – 5,000+ | 3,500 – 6,000+ |
| Downtown Dubai | 2,200 – 4,000 | 3,000 – 5,000 |
| Saadiyat Island | 1,800 – 3,500 | 2,500 – 4,500 |
What This Means for Investors:
- Al Marjan Island’s price per square foot is significantly lower than Dubai’s, making it an attractive entry point for high-end real estate.
- As infrastructure expands and mega-projects like Wynn Al Marjan boost demand, these prices are expected to increase.
- Short-term rental demand is expected to raise prices per square foot further, making now an ideal time to invest.
3. Historical Growth & Future Price Per Square Foot Predictions
📈 Past 5 Years:
- Property prices on Al Marjan Island per square foot have risen 15-20% in the last five years.
- Branded residences have appreciated faster, with 20-25% price growth.
🔮 Next 5 Years:
- Analysts predict a 20-30% increase in Al Marjan Island’s price per square foot as developments like Wynn Al Marjan and tourism projects attract buyers.
- Limited available land on the island will drive further appreciation.
- Rental yields are rising, contributing to higher per-square-foot valuations.
💡 Early investors are expected to benefit from high appreciation and strong ROI in the coming years.
4. What Influences the Price Per Square Foot on Al Marjan Island?
📍 Location & View
- Waterfront properties command 15-40% higher prices per square foot.
- Full sea views increase prices per square foot compared to partial views or inland units.
🏗️ Developer Reputation & Master Plan
- Branded residences (e.g., Nikki Beach) sell at premium prices per square foot due to luxury amenities and high demand.
- Master-planned developments with retail, entertainment, and hospitality components tend to see faster price growth per square foot.
🎰 Impact of Mega-Developments (Wynn Al Marjan)
- The $3.9B Wynn Al Marjan integrated resort will bring 5.6 million visitors annually, increasing demand.
- Short-term rental prices per square foot are expected to rise significantly due to increased tourism.
🏡 Short-Term Rental Potential
- Investors targeting Airbnb and holiday rentals should focus on branded residences, which have higher occupancy rates and premium pricing per square foot.
5. Final Thoughts: Should You Invest in Al Marjan Island?
Investors frequently ask, “How much is Al Marjan Island per square foot, and is it worth it?” Based on current trends:
✅ Competitive Entry Point: Prices per square foot remain lower than Dubai, offering strong appreciation potential.
✅ Projected Growth: Experts predict a 20-30% increase in the next five years.
✅ Rising Rental Yields: Short-term rentals and tourism growth are pushing per-square-foot prices higher.
✅ Strong Demand Drivers: Wynn Al Marjan, luxury branding, and limited waterfront availability ensure long-term value.
💡 Conclusion: If you’re looking for a high-growth, high-ROI real estate investment, Al Marjan Island’s current price per square foot offers one of the best opportunities in the UAE.
📩 Interested in buying? Contact us today for the latest listings and investment insights!
