Question 1

Can I rent my Al Marjan Island property as a holiday home?

Accepted Answer

Yes. With a holiday home license from the RAK Tourism Authority, you can let your property short-term via Airbnb, Booking.com and similar platforms. Many investors operate via professional management companies which generally charge 15-20% of the income.

Question 2

What are short-term rental yields on Al Marjan Island?

Accepted Answer

Short-term holiday rentals on Al Marjan Island currently yield 8–10% gross, with branded beachfront residences achieving 10–12%. Once Wynn opens in 2027, short-term yields are expected to rise further, driven by millions of additional annual visitors and limited holiday-home supply on the island. Request your short-term management company for a forecast before you sign any contract.

Question 3

Do I need a licence to operate a holiday home in Ras Al Khaimah?

Accepted Answer

Yes. The RAK Tourism Authority issues holiday home permits, requiring the property owner (or appointed operator) to register, comply with safety standards, pay tourism fees on each booking and remit Tourism Dirham. Most professional management companies handle the entire licensing process on the owner's behalf.

Question 4

Will tourism numbers grow after Wynn opens?

Accepted Answer

Yes substantially. RAK targets 3.5 million annual visitors by 2030, up from approximately 1.2 million pre-Wynn. The Wynn integrated resort alone is projected to attract several million additional visitors annually, with knock-on demand for nearby branded residences, holiday homes and serviced apartments.

Question 5

Should I let my Al Marjan Island property long-term or short-term?

Accepted Answer

It depends on the property and goals. Long-term lets offer lower management overhead and predictable income (6–9% yields). Short-term lets generate 20–30% higher gross income but carry higher costs, voids and management fees (8–12% yields). Branded beachfront properties generally outperform on short-term; standard apartments often suit long-term.

Question 6

Can RAKcompare manage my Al Marjan Island property?

Accepted Answer

Yes, RAKcompare's parent company, One Broker Group-OBG, can assist. We work with vetted local property management partners covering tenant sourcing, contract management, maintenance, holiday-home licensing and platform listings (Airbnb, Booking.com), guest check-in and remote owner reporting. Speak with our team for tailored recommendations matching your unit type and target tenant.

Property Intelligence Center