Al Marjan Island spans four coral-shaped islands and 23 km of coastline, with more than 18,000 residential units planned by master developer Marjan. Current Oplus International Realty project records give buyers entry points from AED 790,000, but the projects differ sharply in size, price per square foot, payment structure and handover.

Al Marjan Island Projects Compared

The figures below were reviewed on 10 September 2026 from current Oplus project records.

Project	Developer	From	Area From	Entry AED/sq ft	Payment	Handover
Azure by Lapis	LAPIS Properties	AED 790K	496 sq ft	~AED 1,593	75/25	Q4 2028
Soleva Beach Residences	Durar Group	AED 1.032M	312 sq ft	~AED 3,308	Verify exact schedule	Q4 2027
Playa Del Sol	Ellington Properties	AED 1.10M	400 sq ft	~AED 2,750	70/30	Q4 2027
Costa Mare	Ellington Properties	AED 1.20M	400 sq ft	~AED 3,000	70/30	Q3 2028

*The current Soleva project record requires confirmation of the exact legal project name and payment schedule before reservation. Its price, area and published handover are shown here, but the conflicting payment-plan labels are not used to rank it.

The table demonstrates immediately why starting price alone is a poor comparison metric.

Azure has the lowest current entry price and the largest entry layout among these four.

Playa Del Sol and Costa Mare start with the same 400 sq ft area but differ by AED 100,000 at headline level.

Soleva’s entry unit is smaller and materially higher per square foot.

That does not automatically make any project better or worse.

It tells you what needs investigating.

What Is Al Marjan Island?

Al Marjan Island is Marjan’s flagship waterfront master development in Ras Al Khaimah.

Marjan currently describes it as four coral-shaped islands combining:

• residential property;
• beachfront resorts;
• hospitality;
• leisure;
• beaches;
• retail and entertainment.

The master developer states that the island has approximately 23 km of coastline, with more than 8,500 planned hotel keys and more than 18,000 planned residential units.

These numbers explain the scale of the destination.

They also reveal an investment risk that deserves equal attention:

future supply.

A large destination can attract more demand while simultaneously producing a large amount of competing residential inventory.

Both need to be included in the investment case.

There Are Far More Than Four Projects on Al Marjan Island

These four projects are not the entire market.

Oplus currently tracks additional projects on Al Marjan Island, including projects such as Cala Del Mar, LA MER by ELIE SAAB and newer announced Ellington releases.

Property Finder’s new-project database also currently lists dozens of Al Marjan Island off-plan schemes.

This article deliberately compares only projects for which we could use sufficiently detailed current Oplus commercial records on the same basis.

For the broader database, browse current Oplus property projects.

1. Azure by Lapis — Lowest Current Entry Price

Azure by Lapis currently has the lowest entry price among the four compared projects.

Current Oplus record

• Starting price: AED 790,000
• Area from: 496 sq ft
• Entry price/sq ft: approximately AED 1,593
• Bedrooms: Studio to 3BR
• Payment plan: 75/25
• Handover: Q4 2028

Its detailed Oplus record currently shows:

Layout	Area	Starting Price
Studio	496 sq ft	AED 790K
1BR	979 sq ft	AED 1.40M
2BR	1,406 sq ft	AED 1.80M
3BR	1,590 sq ft	AED 2.40M

This is useful because the project is not only cheaper at the studio entry point.

Its published 1BR and 2BR layouts also provide relatively substantial areas.

Who should shortlist Azure?

Azure deserves a first look from a buyer whose priorities are:

• entry below AED 1M;
• larger studio area;
• 1–3 bedroom apartment choice;
• greater payment before handover rather than a large handover balance;
• willingness to wait until Q4 2028.

The trade-off

A 75/25 plan means a substantial percentage of the price is due before handover.

The lower headline price should therefore not be mistaken for a low cash requirement throughout construction.

2. Playa Del Sol — Earlier Ellington Handover

Playa Del Sol by Ellington Properties currently starts from:

AED 1.10 million

for approximately:

400 sq ft

with:

70/30 payment

and:

Q4 2027 handover.

That places it approximately one year ahead of Azure’s current Q4 2028 scheduled completion.

Why Playa Del Sol is interesting

The project currently covers a wider upper-end property mix than a standard studio-to-3BR tower.

Oplus’s project record describes:

• studios;
• 1–3BR apartments;
• penthouse products;
• larger villa formats.

This can matter to a buyer who wants one development offering both smaller apartments and larger premium residences.

Playa Del Sol versus Azure

At entry level:

	Azure	Playa Del Sol
Starting price	AED 790K	AED 1.10M
Entry area	496 sq ft	400 sq ft
Approx. entry AED/sq ft	AED 1,593	AED 2,750
Payment	75/25	70/30
Handover	Q4 2028	Q4 2027

Azure currently wins on headline entry economics.

Playa Del Sol wins on scheduled handover timing.

That is a real trade-off.

The investor must decide whether earlier completion and the particular Ellington product justify the higher entry price.

3. Costa Mare — Broader Luxury Layout Range

Costa Mare by Ellington Properties currently starts from approximately:

AED 1.20 million

with:

400 sq ft entry area

a:

70/30 payment plan

and:

Q3 2028 scheduled handover.

The current Oplus record spans a particularly wide product range:

• studios;
• 1BR apartments;
• 2BR apartments;
• 3BR apartments;
• 4BR duplexes;
• 5BR villas;
• 6BR penthouses.

That makes Costa Mare different from an investment decision focused only on entry-level apartments.

Costa Mare versus Playa Del Sol

Both are Ellington Properties projects on Al Marjan Island.

Their headline entry comparison is currently:

	Playa Del Sol	Costa Mare
Starting price	AED 1.10M	AED 1.20M
Entry area	400 sq ft	400 sq ft
Approx. entry AED/sq ft	AED 2,750	AED 3,000
Payment	70/30	70/30
Handover	Q4 2027	Q3 2028

Because the entry area and payment split align, this becomes a cleaner comparison than many project-versus-project tables.

The main headline differences are:

AED 100,000 entry price

and:

around three quarters of a year in scheduled handover timing.

But buyers should then move beyond the studio.

The exact floor plan, view, floor, building position and unit price will determine whether the difference remains meaningful.

4. Soleva Beach Residences — Compare Carefully Before Reservation

The current Oplus page for Soleva Beach Residences Al Marjan Island shows:

AED 1.032 million starting price

312 sq ft

and:

Q4 2027 scheduled handover.

The detailed layouts currently include:

• studio;
• 1BR;
• 2BR;
• 3BR.

Its entry-level calculation works out at approximately:

AED 3,308 per sq ft.

That is significantly higher than Azure’s current entry calculation and above the entry figures shown for Playa Del Sol and Costa Mare.

But there is an important due-diligence issue

The current Oplus project page references Trio Isle B – Interiors by Missoni in its description, while the page title uses Soleva Beach Residences.

The current Durar portfolio also identifies Trio Isle as the developer’s Al Marjan project.

In addition, the current project record shows different payment-plan representations in different sections.

For that reason, a buyer should confirm:

• legal project name;
• tower/phase designation;
• reservation document;
• registered developer;
• exact payment schedule;
• escrow details;

before treating the marketing title or payment percentage as final.

This is exactly the type of verification that should happen before funds move.

For more developer-level context, see the Durar Group developer profile.

Which Project Currently Has the Lowest Entry Price?

Among these four verified records:

Azure by Lapis — AED 790K

Soleva Beach Residences — AED 1.032M

Playa Del Sol — AED 1.10M

Costa Mare — AED 1.20M

Azure therefore has the lowest current headline entry point.

But that does not automatically mean it is the cheapest on every unit type.

A 1BR comparison can produce a different relationship.

So can a 2BR comparison.

Always compare:

same bedroom count + similar area + similar view + same review date.

Which Gives the Most Space at Entry Level?

The current starting-layout areas are:

Azure — 496 sq ft

Playa Del Sol — 400 sq ft

Costa Mare — 400 sq ft

Soleva — 312 sq ft

That is a substantial spread.

Azure’s entry layout is approximately:

24% larger than the 400 sq ft Ellington entry layouts

and almost:

59% larger than Soleva’s 312 sq ft entry layout.

This is one reason the lowest price alone understates the difference.

Price Per Square Foot Changes the Ranking

Using the current entry layouts:

Project	Approx. Entry AED/sq ft
Azure by Lapis	AED 1,593
Playa Del Sol	AED 2,750
Costa Mare	AED 3,000
Soleva Beach Residences	AED 3,308

This is one of the strongest findings from the comparison.

The spread between the lowest and highest entry-level figures is more than 2×.

But do not conclude immediately that the lowest AED/sq ft is the best investment.

Price per square foot can vary because of:

• branding;
• design;
• unit efficiency;
• beach position;
• view;
• floor;
• furnishing;
• amenities;
• development quality;
• unit type.

AED/sq ft tells you where to investigate.

It does not produce the final verdict.

Which Project Hands Over First?

The current schedules are:

Q4 2027

• Playa Del Sol
• Soleva Beach Residences

Q3 2028

• Costa Mare

Q4 2028

• Azure by Lapis

A buyer wanting the shortest current construction horizon should therefore look first at Playa Del Sol and Soleva.

A buyer comfortable waiting longer can compare Costa Mare and Azure.

Why this matters to an investor

Earlier handover can mean an earlier potential point for:

• physical occupancy;
• leasing;
• completed-property financing;
• resale as a completed asset.

But earlier handover does not guarantee a better return.

A buyer may pay a higher purchase price to obtain it.

What Does Wynn Al Marjan Island Change?

Wynn Al Marjan Island is a real and significant development, not speculation.

Wynn Resorts’ latest 2026 reporting currently expects the integrated resort to open in September 2027.

Wynn says the development will include more than 1,500 accommodations together with restaurants, retail, entertainment, events and resort facilities.

For Al Marjan Island property, that creates an important destination-level factor.

But it should be used correctly.

Wynn can reasonably support questions about:

• future tourism infrastructure;
• destination visibility;
• hospitality employment;
• visitor volumes;
• entertainment infrastructure.

Wynn does not prove:

• your apartment will appreciate by X%;
• your rent will increase by X%;
• short-term occupancy will reach a fixed percentage;
• every nearby development is fairly priced.

A real catalyst can still be overpriced into a particular property.

Supply Is the Other Side of the Wynn Story

Investors often analyse only demand catalysts.

Al Marjan Island also has considerable development supply.

Property Finder’s current new-project search lists dozens of off-plan projects on the island.

Its live database showed 71 project entries when this guide was reviewed.

That should affect the investment model.

At handover, your apartment may be competing with:

• developer stock;
• assignments from earlier buyers;
• newly completed apartments;
• ready resale units;
• other branded projects;
• other waterfront projects.

Therefore the correct question is not:

“Will Wynn create demand?”

It is:

“Will demand for my exact unit type be deep enough relative to the amount of competing stock?”

Off-Plan vs Ready Property on Al Marjan Island

Al Marjan Island also has completed residential inventory.

That creates an important benchmark.

Before buying an off-plan studio for AED 1.1M, check what a completed studio costs.

Before buying a AED 2M 1BR, check:

• ready 1BR resale price;
• current asking rent;
• service charges;
• view;
• furnishing;
• building age.

Off-plan can offer:

• new product;
• staged payments;
• newer amenities;
• developer inventory.

Ready property can offer:

• physical inspection;
• immediate occupancy;
• current rental evidence;
• known service charges;
• no construction wait.

A future project should be compared against today’s completed alternative.

Which Project Suits a Buyer Under AED 1M?

From the four projects compared here, Azure by Lapis is the only current entry point below AED 1M.

Its studio starts at approximately AED 790K.

That gives a sub-AED 1M buyer a straightforward starting shortlist.

But the next questions should be:

• Is the exact studio still available?
• What is the exact view?
• What is the floor?
• What are the payment dates?
• What competing studios deliver in 2028?

The price simply gets the project onto the shortlist.

Which Project Suits an Earlier-Handover Buyer?

Playa Del Sol currently deserves strong consideration because it combines:

• Q4 2027 scheduled handover;
• verified 70/30 structure;
• Ellington development;
• multiple property types.

Soleva also shows Q4 2027, but its legal naming and exact payment schedule should be clarified before making a direct financing comparison.

Which Project Suits Someone Wanting Larger Luxury Units?

Costa Mare currently has the broadest clearly detailed upper-end mix among these four records.

Its project page includes products extending to:

• duplexes;
• villas;
• penthouses;
• up to 6-bedroom formats.

A buyer targeting a premium family or trophy residence should therefore evaluate Costa Mare separately from an entry-level studio strategy.

Is an Al Marjan Island Studio a Good Investment?

There is no universal answer.

Studio economics depend on:

purchase price + area + service charges + achieved rent + vacancy + management + future studio supply.

A AED 790K studio and AED 1.2M studio are very different investment cases even though both are on Al Marjan Island.

Calculate the exact yield rather than borrowing a generic “RAK ROI” percentage from an article.

How to Compare Two Al Marjan Projects Properly

Build a same-date table.

Metric	Project A	Project B
Exact unit price	AED	AED
Bedroom type
Area	sq ft	sq ft
AED/sq ft
View
Furnished	Yes/No	Yes/No
Booking amount	AED	AED
Paid during construction	AED	AED
Paid at handover	AED	AED
Post-handover balance	AED	AED
Handover
Service charge	Confirmed/Unknown	Confirmed/Unknown
Comparable ready property
Comparable rent
Exit competition

Only then compare projected outcomes.

Five Risks Al Marjan Buyers Should Not Ignore

1. Buying only because Wynn is nearby

Wynn is a destination catalyst, not an investment guarantee.

2. Ignoring competing supply

The island has a major development pipeline.

3. Comparing different-sized studios by price alone

Use AED/sq ft and floor-plan efficiency.

4. Assuming advertised payment plans are identical

They are project-specific and sometimes release-specific.

5. Planning to flip without an exit analysis

Your future buyer may be able to purchase directly from a developer competing with you.

What to Verify Before Reserving

For every Al Marjan Island off-plan unit, obtain and verify:

1. exact legal project name;
2. registered developer;
3. unit number;
4. area;
5. total price;
6. payment schedule;
7. handover provisions;
8. escrow details;
9. cancellation/default clauses;
10. assignment conditions;
11. service-charge information when available;
12. exact view and future building context.

A brochure is not enough.

Al Marjan Island Projects: Which One Would We Shortlist First?

The answer depends on the buyer.

Lowest current entry point

Azure by Lapis

Earlier clearly verified handover + payment structure

Playa Del Sol

Wider high-end unit range

Costa Mare

Branded-interior proposition requiring additional document verification

Soleva / Trio Isle-linked record

That is a more useful verdict than calling one project the “best investment”.

Frequently Asked Questions

Compare the Actual Units

Al Marjan Island now has enough projects that comparing marketing brochures is no longer sufficient.

Start with:

budget → unit type → handover → payment exposure → exact unit → ready-property alternative → exit competition.

Browse the Oplus project database for the current inventory.

If your shortlist already includes Azure, Playa Del Sol, Costa Mare or another Al Marjan project, speak to an Oplus property adviser and compare the current unit prices and payment schedules side by side.

Project records reviewed: 10 September 2026
Al Marjan masterplan information reviewed: 10 September 2026
Wynn opening guidance reviewed: 10 September 2026
Editorial review: Oplus International Realty Editorial Team

Sources

• Marjan — Al Marjan Island Masterplan
• Wynn Resorts — Wynn Al Marjan Island 2026 investor update
• Wynn Resorts — Wynn Al Marjan Island official newsroom
• Oplus International Realty — Azure by Lapis
• Oplus International Realty — Playa Del Sol
• Oplus International Realty — Costa Mare
• Oplus International Realty — Soleva Beach Residences
• Property Finder UAE — Al Marjan Island New Projects