Fortune Bay Residences on the Casino Island in Ras Al Khaimah – UAE

The Location

Fortune Bay Residences, situated on the picturesque Al Marjan Island in Ras Al Khaimah, UAE, offers an unparalleled luxury living experience. Just a 5-minute drive from the upcoming Wynn Al Marjan Island resort, featuring the UAE’s first Casino, the complex is surrounded by an array of 5-star hotels, fine dining establishments, and premium leisure destinations. Residents benefit from its prime location, with Ras Al Khaimah International Airport and RAK City Center only 25 minutes away and Dubai accessible within an hour. Golf enthusiasts can enjoy proximity to Al Hamra Golf Club, while yachting aficionados will appreciate Al Hamra Marina & Yacht Club. Nearby amenities include Al Hamra Mall and supermarkets. Families will find reputable educational institutions close by, including RAK Academy – British School Al Hamra.

Nestled along the Arabian Gulf, Fortune Bay Residences boasts stunning turquoise water views, providing a serene yet convenient lifestyle. With access to world-class resorts, adventure activities, and essential services, it offers a perfect blend of tranquility and modern sophistication for discerning residents.

Premium Living Experience

The Fortune Bay Residences project, located on the picturesque Al Marjan Island, offers an unparalleled blend of luxury and convenience. Situated just a five-minute drive from the renowned Wynn casino and its vibrant entertainment district, the project is surrounded by a host of attractions catering to diverse interests. Residents and visitors can enjoy pristine beaches set against stunning natural backdrops, explore cultural landmarks like Dhayah Fort—the UAE’s highest hilltop fort—or indulge in recreational activities such as golf, extreme sports, and yachting at the marina. Additional highlights include a camel farm, Arabian horse stables, and access to the region’s premier safari experience.

Whether seeking serene relaxation or thrilling adventures, the Fortune Bay Residences and its idyllic island setting provide the perfect retreat for all.

The Project

Fortune Bay is designed to provide unparalleled comfort and convenience. It integrates eco-friendly elements and premium features that enhance the beauty of its natural surroundings. Residents will enjoy a wide range of world-class facilities, including:

• Private Beach Access
• 23-Meter Swimming pool
• Children’s Pool
• Fully Equipped Gym
• Luxury Spa on-site
• Yoga and Pilates Studio
• Premium Beauty Salon
• World-Class Restaurant
• Children’s Play area
• Landscaped Gardens

Investor Opportunity

Ras al Khaimah, a city poised for transformation, anticipates a tourism boom with the Middle East’s first casino opening in 2027. This development promises to elevate property values and increase tourist footfalls. Nestled in the UAE, Ras al Khaimah boasts pristine beaches, rugged mountains, and a rich cultural heritage. With burgeoning tourism, it’s an ideal destination for investors and tourists alike. Enjoy the blend of tradition and modernity as this city transforms into a vibrant global hub, making it an attractive choice for property investments with promising returns in the near future.

Legal protections

The United Arab Emirates (UAE) holds a prominent position among the safest countries globally for economic investment, consistently ranking in the Top 3. This distinction reflects the nation’s robust economic policies, political stability, and investor-friendly environment.

RERA’s Escrow Account Law requires developers to deposit 100% of buyer funds into DLD-approved escrow accounts. Funds are released only after construction milestones are verified, minimizing project delays or cancellations.

RERA is a regulatory arm of DLD that oversees real estate laws, brokers, developers, and rental disputes in Dubai.

The DLD regulates all real estate activities in Dubai, ensuring transparency and legality. Key responsibilities include:

• Registering property transactions (sales, leases, mortgages).
• Issuing Title Deeds and managing the Real Estate Registry.
• Enforcing anti-fraud measures and resolving disputes through the Rental Dispute Centre.
• Mandating the use of certified trustees for off-plan project escrow accounts.

Financing Options

Foreign nationals looking to purchase real estate in the Emirates can typically secure financing through local banks. The loan-to-value ratio generally ranges from 40% to 60%, with the exact percentage depending on factors such as the applicant’s country of origin and individual financial circumstances. It is advisable to consult directly with local banks or financial advisors to assess eligibility and obtain detailed information on loan terms and conditions.

Golden Visa

When purchasing property worth AED 2M (USD 545K) or more, you can obtain a 10-year Golden Visa for yourself, your family, and staff.

ROI

The opening of Wynn Al Marjan Island is anticipated to significantly boost the tourism sector in the region, creating a positive ripple effect on real estate investments. Currently, Al Marjan Island offers an average ROI of 6%, with annual rental prices for 1-bedroom apartments starting at AED 42,000 (USD 11,000).

Experts predict that the introduction of the Wynn Al Marjan Island Casino in 2026 will further enhance the appeal of the area, attracting a diverse global audience. This increased tourist influx is expected to drive rental demand and elevate yields by approximately 12%.

For investors in properties like Fortune Bay Residences, this development presents a promising opportunity for higher rental income and long-term asset appreciation. The strategic timing of investments in this market could prove highly advantageous as the region continues to grow as a premier destination.

Flexible repayment plan

Fortune Bay has a flexible repayment plan that is designed for both homeowners and investors. This development offers a unique opportunity to purchase prestigious coastal properties at competitive prices.

• 5% – On Booking
• 65% – On Construction
• 30% – On Handover

The Apartments

Fortune Bay Residences presents a collection of meticulously crafted apartments designed to maximize natural light and provide a harmonious living experience. Each unit features modern kitchens, elegant bathrooms, and private balconies that offer captivating views of the serene coastline. Ranging from 1 to 3 bedrooms and spanning approximately 92m² to 312m², these fully furnished apartments combine functionality with sophisticated design. Residents can enjoy the luxury of private terraces and breathtaking sea views, creating a tranquil retreat that blends comfort with elegance. Situated in a prime coastal location, the complex provides direct beach access, making it an ideal choice for those seeking convenience, style, and a picturesque seaside lifestyle.

Starting at $681,000 USD

The Developer

Topero Properties is a leading real estate developer known for crafting visionary concepts into luxurious living experiences. With a commitment to excellence, the company seamlessly integrates Emirati cultural heritage with modern sophistication, resonating with contemporary lifestyles. Beyond real estate, Topero Properties excels in diverse investments, project management, and strategic partnerships, ensuring sustainable growth and value creation.

Trusted by stakeholders and residents alike, Topero Properties continues to set new benchmarks in the UAE’s real estate industry, delivering projects that inspire and endure.

Professional assistance

Israel Sotheby’s International Realty, the exclusive marketer of this project in Israel, operates as part of the globally renowned Sotheby’s International Realty network, affiliated with the prestigious Sotheby’s Auction House. As a leader in the luxury real estate sector, the company specializes in marketing high-end properties and delivering tailored services to business clients, investors, and private individuals. Committed to excellence, Israel Sotheby’s Realty upholds the highest standards of quality, reliability, and discretion. With a highly experienced team and access to an extensive international network spanning over 1,100 offices across 83 countries, the company ensures an unparalleled service experience.

Israeli buyers benefit from comprehensive professional support throughout the entire purchasing process, ensuring their goals in real estate are met with expertise and precision.