Azure by Lapis Studio Apartment in Ras al Khaimah — Move-In Ready Value

A 37 sq m (398 sq ft) studio in Azure by Lapis on Al Marjan Island — a compact, high-yield entry point into the Ras Al Khaimah real estate market

This studio in Azure by Lapis combines a low investment threshold with strong rental potential in one of the UAE’s fastest-growing coastal destinations. Al Marjan Island is attracting sustained tourist and residential demand, and studio-format units here consistently deliver attractive returns — both through short-term holiday rentals and long-term tenancies. Developed by Lapis Properties directly on the island’s waterfront, the project is set for completion in 2028.

Studio highlights

— efficient, well-considered layout with no wasted floor area;
— floor-to-ceiling windows flooding the space with natural light;
— choice of high-floor positions in a 40-storey tower with wide-ranging views;
— off-plan status with a 2028 handover — ideal for capital appreciation.

Azure by Lapis — amenities

— private beach access and dedicated beach areas;
— main swimming pool with a landscaped pool deck;
— children’s pool and playground;
— running track and cycling path;
— volleyball court;
— green park within the development;
— elegant lobby with contemporary design.

Architecture and concept

Azure by Lapis is a 40-storey residential tower whose architectural language draws from the natural rhythms of the coastline. The building’s pale palette, organic curves and vertical silhouette give it a distinctive presence above the water. Inside, deep window openings and a carefully considered unit orientation maximise daylight throughout the day.

About the developer

Lapis Properties is a UAE-based developer focused on coastal residential projects, with an emphasis on architectural quality and well-designed living environments.

Payment plan

The project offers a 75/25 plan with a post-handover option:
— 20% — down payment on booking;
— 40% — during construction;
— 10% — on handover;
— 25% — post-handover.
Completion: 2028.

Location — Al Marjan Island, Ras Al Khaimah

— 3 minutes to Golf Club;
— 6 minutes to Marina & Yacht Club;
— 28 minutes to RAK Airport;
— 45 minutes to Jebel Jais;
— 1 hour to Burj Khalifa.

Frequently asked questions

Why is a studio on Al Marjan Island considered a strong investment?
— The island is evolving into a major hospitality and leisure hub, generating year-round demand for short-term rentals. A studio’s lower entry price relative to larger units typically translates into a higher return on investment, making it a preferred format for yield-focused buyers.

What are the benefits of buying off-plan at this stage?
— Purchasing during construction allows you to lock in current pricing before the uplift that typically occurs closer to — and after — completion. Beachfront projects on Al Marjan have historically shown meaningful capital growth between launch and handover.

How does the 75/25 post-handover plan work in practice?
— You pay 70% before receiving the keys (20% upfront, 40% in stages, 10% at handover) and the remaining 25% after the unit is transferred to you. This structure reduces capital pressure during the build phase and allows you to begin generating rental income while still completing the payment schedule.

Is short-term rental permitted on Al Marjan Island?
— Yes. Ras Al Khaimah has a licensing framework for short-term rentals, and Al Marjan’s growing tourist footfall supports consistent demand for holiday accommodation throughout the year.

What materials can I request for this studio?
— We can provide the floor plan, an investment yield model and a unit-by-unit comparison across the development.

Enquire via the form on this page to receive current pricing, a yield projection and the full documentation pack for this 37 m² studio in Azure by Lapis.