Question 1

Can foreigners buy property at Soleva Beach Residences?

Accepted Answer

Yes. Al Marjan Island is a designated freehold zone in Ras Al Khaimah, meaning non-UAE nationals can purchase property with 100% foreign ownership, full profit repatriation and eligibility for long-term UAE residency. Soleva Beach Residences is open to international buyers without any restrictions on nationality.

Question 2

Is Soleva Beach Residences freehold?

Accepted Answer

Yes. Soleva Beach Residences is a freehold development on Al Marjan Island, giving buyers full ownership rights with no time limit. This applies to all nationalities and is one of the key advantages of purchasing on Al Marjan Island compared with leasehold markets.

Question 3

What are the total costs of buying at Soleva Beach Residences?

Accepted Answer

Beyond the purchase price, buyers should budget for a 4% DLD registration fee, an administration fee of AED 5,250 inclusive of VAT payable on booking, and an annual service charge of AED 18 per sq ft. There are no agency fees when purchasing through RAKcompare as an authorized sales channel.

Question 4

Is Soleva Beach Residences better for a holiday home or a permanent residence?

Accepted Answer

Soleva works well for both. As a holiday home, the fully furnished, app-managed short-term rental model means owners can use the property when visiting and rent it out the rest of the year without managing a letting agent. As a permanent or long-term residence, the resort amenities, beach proximity, concierge service and location within the growing Al Marjan Island lifestyle corridor make it a viable year-round home, particularly for remote workers or retirees seeking a low-tax, beachfront lifestyle in the UAE.

Question 5

How does short-term rental work at Soleva Beach Residences?

Accepted Answer

Short-term rental at Soleva is managed directly through a dedicated app provided by the developer, without requiring owners to appoint a separate property management company. Owners can list their unit for short stays and track bookings and income through the platform. This gives buyers a more flexible rental model compared with hotel-operated residences that impose fixed management contracts.

Question 6

How does Soleva Beach Residences compare to hotel-branded residences on Al Marjan Island?

Accepted Answer

Soleva differs from hotel-branded residences such as Waldorf Astoria, Fairmont or Nobu in several ways. It does not carry a hotel brand or operator, which means owners are not locked into a fixed rental split or management contract. The service fee at AED 18 per sq ft is lower than most branded residences on Al Marjan Island. The fully furnished product is delivered by Al Huzaifa using its own furniture and interiors range, giving buyers a finished home without brand markup. For investors who want flexibility and a lower cost base, Soleva is a competitive alternative to branded product on the island.

Question 7

What type of buyer is Soleva Beach Residences best suited for?

Accepted Answer

Soleva suits 3 main buyer profiles. First, short-term rental investors who want a furnished, app-managed rental product near Wynn Resort without a hotel management contract. Second, lifestyle buyers from Europe and the UK who want a beachfront holiday home in Ras Al Khaimah that can generate income when not in use. Third, entry-level investors who want a studio or 1-bedroom unit on Al Marjan Island at a lower price point than larger branded residences, with a flexible 40/60 or 30/70 payment plan.

Question 8

What happens to Al Marjan Island property prices when Wynn Resort opens?

Accepted Answer

Wynn Resort Al Marjan Island is widely expected to act as a significant price catalyst for surrounding properties. As the first integrated casino resort in the UAE and the GCC's largest gaming destination, Wynn is forecast to increase tourist arrivals and short-term rental occupancy across Al Marjan Island, particularly on Island 4 where Soleva is located. Buyers purchasing off-plan before the Q1 2027 opening are positioned to benefit from any uplift in capital values at or after handover.

Question 9

What is it like to live on Al Marjan Island?

Accepted Answer

Al Marjan Island offers a low-density, resort-style lifestyle with 7.8 kilometres of beaches, marinas, beachfront resorts, beach clubs and waterfront dining. It is quieter and more laid-back than Dubai but with growing lifestyle infrastructure. Residents can access water sports, running and cycling promenades, parks, golf at Al Hamra Golf Club and a growing number of international F&B and hospitality brands. The arrival of Wynn Resort in 2027 will further expand the entertainment and hospitality offering on the island.

Question 10

What documents do I need to buy property at Soleva Beach Residences as an overseas buyer?

Accepted Answer

International buyers typically need a valid passport, proof of address and in some cases proof of funds or a bank reference, depending on the developer's requirements. The sales process for Soleva can be completed remotely. RAKcompare can connect buyers directly with the developer sales team to guide them through the reservation, SPA signing and payment process from overseas.

Question 11

What makes Al Huzaifa Properties different from other developers on Al Marjan Island?

Accepted Answer

Most developers on Al Marjan Island source their furniture, fixtures and interior fit-out from third-party suppliers, meaning the quality and consistency of the finished product depends on procurement decisions made during construction. Al Huzaifa Properties is unique in that it designs and manufactures its own furniture range and operates its own interior design studio, both of which have served premium commercial and hospitality clients across the UAE for nearly 50 years. For Soleva buyers, this means the fully furnished handover product is controlled end to end by the same brand, with no outsourcing of the interior package to a lower-cost fit-out contractor after the sale is agreed.

Question 12

How does Al Marjan Island compare to Palm Jumeirah for property investment?

Accepted Answer

Off-plan property like Soleva Beach Residences is purchased before or during construction at a price agreed at the time of booking, with staged payments over the construction period. Ready properties are completed and available for immediate handover or rental. Off-plan purchases on Al Marjan Island typically offer lower entry prices, flexible payment plans and the potential for capital appreciation by completion. Ready properties offer immediate income but at higher prices that already reflect current market demand.

Question 13

What is the difference between off-plan and ready property on Al Marjan Island?

Accepted Answer

Off-plan property like Soleva Beach Residences is purchased before or during construction at a price agreed at the time of booking, with staged payments over the construction period. Ready properties are completed and available for immediate handover or rental. Off-plan purchases on Al Marjan Island typically offer lower entry prices, flexible payment plans and the potential for capital appreciation by completion. Ready properties offer immediate income but at higher prices that already reflect current market demand.

Soleva Beach Residences