Island Heights
Off-Plan

Island Heights

From AED 1.23M·Handover Mar 2028·5% down payment Payment
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AED 1.23M
Starting Price
Mar 2028
Handover
5% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Island Heights is an elegant residential development by Range Development, located on the prestigious Al Marjan Island coastline. The project’s architecture blends classical expression with modern geometry: two basement levels, a ground and podium floor, ten residential floors, and a rooftop with amenities form a harmonious and functional structure. Its sculpted silhouette, floor-to-ceiling windows, and spacious terraces visually connect the building with the coastal landscape, enhancing both aesthetic appeal and natural light. The complex offers studios and one-bedroom apartments. Interiors are designed in warm tones with refined finishes and thoughtful details, creating an atmosphere of tranquility, sophistication, and modern comfort. Residents of Island Heights can enjoy a private terrace with an infinity pool and barbecue area, a gym, yoga room, and a children’s play zone. Its beachfront location enhances the lifestyle of coastal living. Thanks to its convenient location on Al Marjan Island, residents can easily reach key destinations. RAK Mall is just 28 minutes away, Ras Al Khaimah International Airport is 30 minutes away, and Dubai Mall and Burj Khalifa can be reached within 60 minutes.

Project Specifications
DeveloperRange Development
LocationAl Marjan Island
Unit TypesStudio, 1 BR, Apartments
AreaAl Marjan Island
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 53,200 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,514
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 80,139 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Island Heights launch basis1,370AED 1.23MCurrent launch / asking basis
Al Marjan Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Marjan Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Island Heights official render 1

Island Heights official render 1

Island Heights official render 2

Island Heights official render 2

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Island Heights official render 3

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Island Heights official render 9

Island Heights official render 10

Island Heights official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Range Development.

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Payment Structure

5% down payment

Flexible Payment

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Floor Plans

Island Heights — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Covered gym
Coworking zone
Infinity pool
Kids Play Area
Lift
Lobby
Parking
Shared Pool
Yoga studio

Location

Al Marjan Island

Nearby Destinations

Dubai Miracle Garden — 5 mins
Butterfly Garden — 5 mins
Mall of the Emirates — 12 mins
Dubai Hills Mall — 10 mins
Al Marjan IslandAl Marjan IslandDubai, UAE

Developer Track Record

01

Island Heights by Range Development

02

Located in Al Marjan Island

03

Starting from AED 1,232,903

04

Unit mix includes Studio, 1 BR, Apartments

05

Expected handover: Mar 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Limited units available · Direct developer pricing · Serious buyer routing

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