Al Marjan Island sees 62% rise in rents in 2 years

Rental prices on Al Marjan Island in Ras Al Khaimah have seen a dramatic surge over the past two years, with the median annual rent climbing from Dh40,000 in April 2023 to Dh64,800 in April 2025 a rise of 62 per cent in just two years, according to data from Property Finder.

- Azza Al Ali [e-mail]

The most recent figures show a 12 per cent year-on-year increase between April 2024 and April 2025, following a steep 45 per cent jump the previous year.

The sharp rise in rental prices is largely concentrated in apartments and duplexes, which dominate the market on Al Marjan Island, making up 97 per cent of all residential rental listings.

Currently, the median rental price per square foot on Al Marjan Island stands at Dh81, with listings typically ranging between Dh50 and Dh120 per sq ft. The median size of a rental property is 773 sq ft.