What you are buying
Wyndham Residences is a low-rise branded building on Al Marjan Island, developed by Divine One Group with the escrow account held at Emirates NBD. It has 163 homes: 136 studios and 27 one-bedroom residences. Every unit is delivered fully furnished, short-term letting is allowed, and the building is managed by Wyndham, the world's largest hotel franchise company.
The Wynn casino resort is about an 8-minute walk away. Amenities include a rooftop pool, a padel court and an outdoor cinema.
Prices and price per square foot
The project is at expression of interest stage, so prices are indicative until the escrow account opens and official sales offers are issued.
| Type | Sq ft | Price, AED | AED per sq ft |
|---|---|---|---|
| Studio, from | 421 | 1,165,000 | ~2,767 |
| One-bedroom example | 964 | 1,771,275 | 1,837 |
| One-bedroom example | 964 | 1,792,175 | 1,859 |
| One-bedroom example | 947 | 1,792,175 | 1,892 |
Source: developer sales presentation and indicative EOI pricing, September 2026. Studio price per sq ft uses the headline "from" size and price.
Here is the part most buyers miss. The one-bedroom is about a third cheaper per square foot than the studio. You pay roughly AED 600,000 more for more than double the space. With 136 of the 163 units being studios, the one-bedrooms are also the scarcer product when it is time to resell.
The payment plan
You pay 20% on booking, then 5% every five months up to month 30, which adds another 30%. The final 50% is due at handover in Q1 2029. An expression of interest of AED 37,000 secures a unit and is credited to the down payment.
On a studio at AED 1,165,000, that is AED 233,000 to book, AED 58,250 every five months, and AED 582,500 at handover.
Running costs
The service charge is AED 25 per sq ft a year. That is about AED 10,525 on a 421 sq ft studio and about AED 24,100 on a 964 sq ft one-bedroom. A 4% RAK Land Department fee is payable at handover, so budget for it from day one.
The risks
83% studios
If you buy a studio, your resale competes with up to 135 near-identical units in the same building. Choose the floor and view carefully, or look at the one-bedroom.
Handover after the Wynn opens
The Wynn is scheduled to open in September 2027 and this building hands over in Q1 2029. You buy at pre-opening prices, but the short-let income only starts well after the resort's launch buzz.
Ignore projected returns
Sales material for projects like this often shows double-digit returns based on high occupancy assumptions. Treat any return figure as a scenario, not a promise, and run your own numbers with the service charge and management costs included.
The world's largest hotel franchise company, with the lowest price per sq ft for branded residences on Marjan Island. It doesn't make sense.