1 bedroom flat for sale

Overview

Aeon & Trisl Real Estate offers a luxurious studio for sale in Manta Bay at Al Marjan Island, Ras Al Khaimah. Handover Q4 2024 5% On Booking 55% On Construction 40% On Handover Offering an exclusive island lifestyle, Manta Bay is a premium Maldivian-inspired residential complex by Major Development on Al Marjan Island. It houses an array of beautifully crafted studios and apartments with access to the world's first sandy rooftop beach. The focal point of Manta Bay is its sandy rooftop beach, the world's first-of-its-kind, sitting a whopping 197 ft high. There are also more than 30 world-class amenities available onsite, including cigar lounges, recreational areas by the lagoon, a BBQ area, a fountain, a spa, a dance floor, a cold pool, a jacuzzi, a pool bar, a sand beach, a beach bar and the coastal area of Manta Bay. Let's not forget the floating meditation deck, cabanas on the roof, children's pool, dance area, beach lounge, open showers, sauna, hammam, aquarium, meeting area, sun lounge area, lagoon cabanas and swimming pool all for residents to use at their disposal. According to Major Development, the expected ROI in this complex is 10-12%, which means that you can count on receiving a stable passive income. In terms of short-term rentals, the estimated price of a 1-bedroom unit is AED 769 (USD 209) per night on average. With an expected occupancy rate of 85%, the yearly returns amount to approximately AED 250K (USD 68K). If you plan to subsequently resell your property, you will be keen to learn that the anticipated increase in value of the units at Manta Bay is 20-25% annually over 3 years, after which, the value is expected to grow by 10-15% per annum. Contact us for more information.