Mondrian Elevate
Mondrian Elevate
Description
🔹 Why is it a Strong Investment Opportunity?
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Wynn Al Marjan Island Casino Resort (Opening 2027) 🎰
The first casino in the GCC region, backed by Wynn Resorts (USA).
A $3.9 billion project expected to transform the tourism landscape.
Projected to boost property values and tourism by 40%+ in the area. -
Tax-Free Environment 💸
No personal income tax, no capital gains tax.
100% foreign ownership possible for many properties. -
High Tourism Demand 📈
RAK aims to attract 3.5 million tourists annually by 2030.
Year-round destination: beaches, mountains, golf, adventure sports. -
Affordability vs Dubai 💰
Prices still significantly lower than similar beachfront properties in Dubai.
Higher rental yields (6–9%) due to limited supply and increasing demand. -
Infrastructure & Lifestyle 🌆
Home to luxury resorts: Rixos, Movenpick, Hilton, DoubleTree.
Growing community with beach clubs, marinas, retail, and medical facilities.
🔹 Key Selling Points
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🌊 Beachfront Freehold Properties
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🎲 First Casino in the Region
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📈 Strong ROI Potential
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🏗️ Ongoing Infrastructure & Hospitality Growth
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🏘️ Luxury + Serenity + Affordability
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🇦🇪 Stable Economy & Investor-Friendly Laws
Amenities
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Private Beach Access: Residents will enjoy direct access to a serene and luxurious beachfront.
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Infinity Pool: An expansive infinity pool provides a stunning setting for relaxation and recreation.
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Fitness Center: A state-of-the-art fitness center caters to residents’ wellness needs.
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Wellness Areas: Dedicated spaces for wellness activities and relaxation are incorporated into the design.
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5-Star Hotel Services: Residents will benefit from premium hospitality and concierge services, mirroring the experiences found in 5-star hotels.
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Curated Cultural Programming: The development will feature curated cultural events and activities, adding a unique dimension to the living experience.
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Gensler Architecture and Bergman Design House: The project is designed by renowned firms Gensler (architecture) and Bergman Design House (interiors), ensuring a sophisticated and contemporary aesthetic.
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Accor One Living: Homeowners will be connected to Accor’s ecosystem of hospitality and branded residential services through Accor One Living.
Payment Plan
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Down Payment: 20% to book a unit.
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During Construction: 60% of the total price is paid in installments.
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On Handover: The remaining 40% is due upon completion and handover of the property in 2028.
Types of units
Starting Prices:
✅1 Bed – 2.5m
✅2 Bed – 3.5m
✅3 Bed – 5.5m
✅THs – 7.5m
✅Sky Villas – POA
Location
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