Fortune Bay Residences in Al Marjan Island
Fortune Bay Residences introduces 1 - 3 beds apartments to Al Marjan Island, Ras Al Khaimah, starting from AED 2.5M. The payment plan is 20/30/50: 20% secures the unit, 30% is paid during construction, and 50% falls due at handover in Q4 2026. Gross rental yield is projected 6.6 to 9.2% annually, reflecting typical market returns for this property type and location. MonthlyDubai can match you with Fortune Bay Residences and similar projects across Ras Al Khaimah based on your monthly instalment. Free, no agency fees.
Payment Plan Breakdown
Minimum monthly instalment during construction: AED 83,333. No mortgage or bank approval required.
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 500,000 Due on signing SPA | |
| During Construction | 30% | AED 83,333/mo 9 months | |
| On Handover | 50% | AED 1,250,000 Due at Q4 2026 | |
| Total | 100% | AED 2,500,000 |
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