3-Bedroom + Maid Apartment in Oceano Tower A, Al Marjan Island, 10% Below Original Price

Property Overview

This 3-bedroom apartment with a maid's room in Oceano Tower A, Al Marjan Island, Ras Al Khaimah, is offered at AED 6,900,000 for 2,580 sq ft of built-up area, or about AED 2,674 per sq ft. The agent reports the price is 10% below the original purchase price, describes the sale as distress, and notes an 02-series unit with a casino view. Handover was scheduled for Q3 2026.

Property Highlights

• Property type: Apartment
• Bedrooms: 3 plus maid's room
• Built-up area: 2,580 sq ft
• Unit series: 02
• Asking price: AED 6,900,000
• Discount to original price: 10% (agent-stated; original price figure not supplied)
• Asking rate: approximately AED 2,674 per sq ft
• View: casino (agent-stated)
• Scheduled handover: Q3 2026

Why the Price Qualifies as Below OP

The agent states the asking price is 10% below the original purchase price. The original price figure itself has not been supplied. If the 10% is measured against the original price, that price would be roughly AED 7,666,667, a difference of about AED 766,667; this is a DPF estimate, not a confirmed figure. Buyers should request the SPA or Oqood to confirm the original price before committing. The comparison is with what the seller originally paid, not a claim that the unit is below current market value.

About the Community

Al Marjan Island is a group of man-made islands off the coast of Ras Al Khaimah, developed with beachfront hotels, resorts and residential towers. Oceano Tower A is one of the residential buildings on the island, according to the agent.

Layout, Floor and View

The agent confirms a 3-bedroom layout with a maid's room, 2,580 sq ft, in the 02 series, with a casino view. Floor, bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

The agent gives the handover as Q3 2026. As that quarter has passed, confirm with the developer whether the building has been handed over or the date has moved. No payment plan, amount paid or outstanding balance was supplied. Property in Ras Al Khaimah is registered with the RAK Land Department rather than the Dubai Land Department, so confirm the title or registration status, remaining payments and transfer fees there before making an offer.

Location and Connectivity

Al Marjan Island is connected to the Ras Al Khaimah mainland by causeway, with road links south along Emirates Road and Sheikh Mohammed Bin Zayed Road towards Dubai. Travel times vary and are not quoted here.

Verification Notes

• Agent-supplied facts: Oceano Tower A, Al Marjan Island, 3-bedroom plus maid apartment, 2,580 sq ft, 02 series, casino view, Q3 2026 handover, 10% below original price and AED 6,900,000 asking price.
• DPF-calculated figures: approximately AED 2,674 per sq ft and an estimated original price of about AED 7,666,667.
• Not yet supplied: original price figure, developer, handover status, payment plan and amount paid, floor, bathrooms, parking and service charges.