Flagship Residential / Mixed-Use Plot for Sale

Flagship Residential / Mixed-Use Plot for Sale – Peninsula, Al Marjan Island

North Bay | Massive GFA | G+10 Approved | Premium Waterfront Location
Price: AED 288,001,500
Plot Size: 144,000.75 sq. ft.
FAR: 2.0x
Max GFA: 288,001.50 sq. ft.
Usage: Residential & Mixed-Use
Height Approval: Up to G + 10 floors (subject to Marjan team review)
Ownership: Freehold

Key Investment Highlights
North Bay, Peninsula – Al Marjan Island: Premium waterfront address
Massive Development Potential with 288,000+ sq. ft. GFA
Mixed-Use / Residential Approval – Ideal for branded residences, apartments, and retail
G+10 Building Approval (Design review required)
Flexible Timelines – 3.5 years (1 year to commence, 2.5 years to complete)
Pricing & Payment Terms
Land Price: AED 2,000 per sq. ft.
Total Price: AED 288,001,500 (exclusive of VAT and taxes)
Payment Plan:
00% Payment Due Immediately – acts as non-refundable Reservation Fee
PSPA to be signed within 30 days of payment
Additional Fees & Penalties
Payment Delay Penalty: 8% p.a.
Construction Delay Penalty: AED 0.025/day/sq. ft. of GFA
Transfer Admin Fee: 1.5% (with family/group transfer exemption)
Land Registration Fee: 4% split between buyer and seller (2% each)
Community Charges: AED 2.50/sq. ft. of GFA annually
Why Al Marjan Island?
UAE’s most exciting waterfront investment destination
Home to the future Wynn Casino & Resort – the region’s first integrated gaming resort
Surrounded by 5-star hotels, luxury brands, and retail
High potential for capital appreciation and rental yield

Flagship Residential / Mixed-Use Plot for Sale

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