Manta Bay
Off-Plan

Manta Bay

From AED 1.75M·Handover Dec 2027·20% down payment Payment
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AED 1.75M
Starting Price
Dec 2027
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Manta Bay is an ultra-luxury project by Major Development, located on Al Marjan Island in the Emirate of Ras Al Khaimah. The complex is an elegant building with a unique facade that repeats the shape of a sea wave. Panoramic glass windows reflect the sun's rays, and from the balconies of each residence offers spectacular views of the bay and the picturesque scenery of the island. The project configuration includes two levels of underground car parks, ground floor, a mezzanine level, 10 residential floors and a rooftop. The project includes studios and one and two bedroom apartments. The interiors are designed with premium finishes and high quality fittings. Each flat comes with a fully equipped kitchen, creating a comfortable living space. Manta Bay residents will enjoy a wide range of world-class amenities. Residents will have access to children's and adult pools, gym, sports courts, children's play areas, yoga studio, spa and sauna. Also at the disposal of residents - a private beach with snow-white sand and a promenade of more than 5 kilometres. The complex occupies one of the most attractive locations on Al Marjan Island, combining privacy and convenient proximity to key infrastructure. There are cafes, restaurants, shops and supermarkets within 10 minutes of the complex, and the first Wynn Casino in the United Arab Emirates is nearby.

Project Specifications
DeveloperMajor Development
LocationAl Marjan Island
Unit TypesStudio, 1 BR, 5 BR, Apartments, Penthouse
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 75,513 / year
Cash-on-Cash
2.2%
Levered cashflow AED 17,763
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 113,750 / 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
Manta Bay launch basis1,944AED 1.75MCurrent 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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Manta Bay official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Major Development.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Children’s pool
Covered gym
Jogging tracks
Kids Play Area
Leisure areas
Lift
Lobby
Meditation zone
Pool Deck
Recreational areas
SPA
Sauna
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Social zone
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

Manta Bay by Major Development

02

Located in Al Marjan Island

03

Starting from AED 1,750,000

04

Unit mix includes Studio, 1 BR, 5 BR, Apartments

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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