Al Marjan Island is the man-made island that hosts Wynn Al Marjan Island, the UAE's first integrated casino resort, scheduled to open in September 2027 (Wynn Resorts SEC filing, August 2026). Bluewaters Island: Island off JBR; small sample, read the n. Below, our weekly RAK asking-price index sits next to Dubai Land Department registered sales for Bluewaters Island, so the two sides are never confused.
RAK index 2026-10-26 · Dubai registrations to 16 October 2026 · page rebuilt 27 October 2026
| Al Marjan Island | Bluewaters Island | |
|---|---|---|
| Measure | Asking prices, PropertyFinder sample | Registered sales, Dubai Land Department |
| Sample | 169 listings, 2026-10-26 | 15 sales, last 90 days |
| Median AED/sqft | AED 2,353 | AED 4,512 |
| Range AED/sqft | AED 720 to AED 6,575 | AED 2,244 to AED 7,248 |
| Median price | AED 2,050,000 | AED 9,500,000 |
| AED 1.6M buys about | 680 sqft | 355 sqft |
| Catalyst | Wynn Al Marjan Island, September 2027 | Established, liquid resale market |
Asking prices overstate what sells; registered prices are what was paid. Keep that in mind when reading the gap. Medians, not averages.
| Type | Sales | Median AED/sqft | Median price |
|---|---|---|---|
| 2 B/R | 5 | AED 5,562 | AED 9,230,000 |
| 3 B/R | 5 | AED 4,512 | AED 9,500,000 |
| 4 B/R | 4 | AED 4,572 | AED 30,500,000 |
Ras Al Khaimah registered AED 2.89 billion of property transactions in the first half of 2026 (RAK Municipality via Economy Middle East, 12 August 2026). Cavendish Maxwell put RAK apartment prices up 6.5% year on year in H1 2026, with rents up 7%. Our index samples 405 live sale listings every week across Al Marjan Island, Mina Al Arab and Al Hamra; the RAK-wide median asking price is AED 1,460/sqft.
Our Ras Al Khaimah stock is on Hayat Island, inside Mina Al Arab: see Bay Views (one full floor of 12 residences, AED 16,200,000, handed over) and Bay Residences.
Read more: Al Marjan Island · Bluewaters Island registered sales, every deal · RAK Waterfront Pulse · RAK market trends 2026 · Al Marjan Island vs Dubai Marina
Al Marjan Island vs Palm Jumeirah · Al Marjan Island vs Dubai Harbour · Hayat Island, Mina Al Arab vs Dubai Creek Harbour · Mina Al Arab vs Jumeirah Beach Residence (JBR) · Mina Al Arab vs Dubai Islands · Al Hamra Village vs Dubai Hills Estate · Al Marjan Island vs Dubai Marina · Hayat Island vs Palm Jumeirah
Yes on today's numbers: Al Marjan Island asking prices sit at a median AED 2,353/sqft (2026-10-26, n=169), against a registered median of AED 4,512/sqft in Bluewaters Island over the last 90 days (Dubai Land Department, n=15), a gap of 48%. Asking and registered prices are different measures; registered prices usually come in below asking.
At the current medians, about 680 sqft in Al Marjan Island (asking) against about 355 sqft in Bluewaters Island (registered). AED 1,600,000 is the median asking price across our whole RAK sample of 405 listings.
Bluewaters Island recorded 4 registered residential sales in the 30 days to 27 October 2026 at a median AED 4,086/sqft, -23.2% against the previous 30 days.
September 2027, per Wynn Resorts' 8-K filing of 4 August 2026. Wynn is on the island itself.
Our RAK Waterfront Pulse: PropertyFinder RAK sale listings (asking prices, deduped sample of 405) — RAK publishes no open transaction registry; this is an asking-price index and says so. Ras Al Khaimah publishes no open transaction registry, so RAK figures are asking prices and are labelled as such; Dubai figures are transactions registered with the Dubai Land Department.
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