Fortune Bay Residences

Fortune Bay Residences is a furnished residential building by Topero Properties on Al Marjan Island, Ras Al Khaimah, comprising 38 apartments across one and two-bedroom layouts and three-bedroom configurations, with handover scheduled for Q4 2026.

# A Low-Count Building on an Island Still Taking Shape

Al Marjan Island is a man-made archipelago extending into the Arabian Gulf, built across four coral-shaped landmasses linked by a central boulevard. It has drawn significant developer attention over recent years, and the pipeline of resort and residential projects along its length has accelerated that trajectory. Fortune Bay Residences sits within this context as a deliberately contained scheme: 38 units in a single building, a count that keeps the ownership community small and the corridor quieter than the island's larger blocks.

The building's design draws on references from Ras Al Khaimah's interior landscape, including the Hajar Mountains and the geometry of Dhayah Fort, translated into architectural detail and interior materiality rather than applied ornament. At 5 per cent construction progress with completion targeted at the end of 2026, buyers are acquiring at an early stage.

# Residences, Sizes and What the Figures Actually Mean

The one-bedroom apartments range broadly in size, from approximately 982 sq ft to 1,453 sq ft, reflecting meaningfully different footprints rather than minor plan variations. Entry pricing for one-bedrooms begins at AED 2.84 million and reaches AED 4.32 million depending on configuration and position.

Two-bedroom units span 1,403 sq ft to 2,242 sq ft, with prices from AED 4.05 million to AED 6.17 million. The three-bedroom apartments are the building's most substantial residences, ranging from 2,460 sq ft to 2,936 sq ft and priced between AED 7.73 million and AED 8.34 million. All units are delivered furnished, with equipped kitchens and high-specification finishes throughout.

The size variance within each bedroom category is notable. A buyer comparing two-bedroom options at opposite ends of the range is effectively choosing between very different living propositions, and floor position relative to Gulf views will drive much of that difference in price.

Service charges are set at AED 16 per sq ft annually.

# Amenities on Site

The building offers a full-floor amenities programme covering a swimming pool, a dedicated children's pool, a kids' play area, a gym, and dedicated spaces for Pilates and yoga. A spa and beauty salon operate within the building. There is also a restaurant on site.

Private beach access is included for residents, a distinction worth noting on an island where beach proximity is the central premise of almost every residential pitch.

# Al Marjan Island and What Lies Around It

The public park on Al Marjan Island sits 0.8 km from the building, and Al Marjan Island Beach is 2.5 km away. Al Hamra Mall, the emirate's primary retail anchor in this corridor, is 9.1 km out. RAK Academy Al Hamra, the nearest international school in the data, is 11.5 km from the site.

Ras Al Khaimah International Airport is 38 km away, manageable for residents who travel regularly but a factor to weigh against Dubai International, which sits further south via the Emirates Road. Dubai's northern suburbs are accessible within an hour by car under normal conditions, keeping Fortune Bay within reach for buyers who work partly in Dubai but prefer coastal living at a lower price point.

# Who This Building Suits, and Where It Sits in the RAK Market

Ras Al Khaimah's residential market has attracted sustained interest from buyers priced out of Dubai's Palm Jumeirah and Emaar Beachfront but unwilling to compromise on a beachside address. Fortune Bay Residences occupies a credible position within that segment: a furnished, amenity-equipped building on an island with genuine resort infrastructure, at prices that run from approximately AED 2.84 million to AED 8.34 million across three bedroom categories.

The 38-unit scale appeals to buyers who place value on a lower-density environment. For the investor considering short-term rental income, furnished delivery and on-site amenities including beach access, a spa and a restaurant strengthen the letting proposition. For the owner-occupier, particularly those relocating from London, Geneva or Singapore with families, the proximity to an international school and a regional mall provides the practical layer that a purely resort-facing development often lacks.

Construction is at an early stage. Buyers committing now carry the execution risk that any off-plan purchase in this region entails, mitigated here by escrow registration (account number 1031006064703002) under UAE regulatory requirements.