
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Manta Bay launch basis | 1,944 | AED 1.75M | Current launch / asking basis |
| Al Marjan Island ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Al Marjan Island premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |

























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Astraterra Properties
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Al Marjan Island
Manta Bay by Major Development
Located in Al Marjan Island
Starting from AED 1,750,000
Unit mix includes Studio, 1 BR, 5 BR, Apartments
Expected handover: Dec 2027
Official brochure and PDF marketing materials available
Official render/gallery images available
Limited units available · Direct developer pricing · Serious buyer routing
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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