A Dh50 million beach villa, and what it tells you about Al Marjan Island prices
Published 5 November 2026
Data as of 5 November 2026. Our figures are asking prices, not sold prices. The villa price is the developer's own launch price.
ELEVATE has put a price on the last home in its Mondrian collection on Al Marjan Island: AED 50 million for a five-bedroom beach villa. A number that size makes headlines. For anyone buying or selling an ordinary apartment on the island, the more useful question is what it works out to per square foot, and where that sits against the rest of the market.
The launch
In a press release published on 3 November 2026 (ELEVATE via Zawya), the developer said the Mondrian Beach Villa is a duplex of over 8,470 sq ft, with 28-foot ceilings and a private garden and pool that open straight onto the beach. It is the final available residence in what ELEVATE calls The Edit Collection, part of Mondrian Al Marjan Island Beach Residences. It is offered on a 35/65 payment plan.
The villa was unveiled at a company event in Dubai on 1 November. ELEVATE also said shoring and piling at its AED 1.4 billion flagship development are finished and that construction is running ahead of schedule. That is the company's own assessment; the release gives no handover date. Its founder, Zeeshaan Shah, said: "For us, product comes first."
What our data shows
AED 50 million over 8,470 sq ft is about AED 5,900 per sq ft. Because the release says "over" 8,470 sq ft, the true figure is that or a little less.
In our 5 November 2026 snapshot, the median asking price per sq ft across the 82 towers we track runs from AED 1,152 to AED 6,275. So this villa sits near the top of the island's range, about five times the cheapest tower, but still below the highest tower median.
That is not a like-for-like comparison. Our range is built from many listings per tower, mostly apartments. The villa is a single home, priced by its developer, with beach frontage most units don't have.
What it means for a buyer
- A trophy price is not a market price. One Dh50 million villa says little about what a two-bedroom apartment should ask. Compare per sq ft, and compare like with like: size, bedrooms, view and beach access.
- Per sq ft shows the spread. Tower medians on the island already differ by more than five times per sq ft. Knowing which end of that range a tower sits at matters more than any headline.
- Check the payment plan terms. A 35/65 split can mean different things. Ask what each payment is tied to and what happens if handover slips. Our guide on missing an off-plan payment in Ras Al Khaimah covers the risks.
See what a full weekly report looks like: the sample report.
Members read more: tower-level asking prices in the October monthly report.
The full guide: What is the price per sq ft on Al Marjan Island?