Azure by Lapis

Azure by Lapis is a 40-storey residential tower developed by LAPIS Real Estate FZ-LLC on Al Marjan Island, Ras Al Khaimah. It is a freehold beachfront development offering residences from studios to sky villas with direct sea views. Al Marjan Island is roughly 45 minutes from Dubai and is one of the UAE's fastest-growing coastal destinations.

Azure offers a broad range of homes including studios from approximately 407 sq.ft and expansive sky villas up to around 5,100 sq.ft. Pricing starts at AED 750,000 for studios and reaches AED 9.5 million for the largest sky villa units. All residences feature ocean-facing glass façades and are designed around natural light and privacy.

LAPIS Real Estate offers a 75/25 payment plan on Azure, with 75% payable during construction and 25% on handover. The developer also provides a two-year post-handover payment option, giving buyers additional flexibility. This structure is designed to suit both investors and end-users.

Azure by Lapis is scheduled for handover in Q4 2028. The project is currently off-plan, allowing buyers to enter at pre-completion pricing. Construction is a 40-storey tower, and LAPIS brings over 20 years of regional development experience to the delivery.

Azure features a full resort-style amenity floor including an infinity pool with sea views, sky garden, rooftop leisure deck, indoor and outdoor gyms, spa and sauna, kids' pool, outdoor cinema, BBQ zone, volleyball court, jogging tracks, landscaped parks, and boutique retail and dining spaces. The amenity offering is designed for residents seeking a balanced, hotel-quality lifestyle.

Azure is developed by LAPIS Real Estate FZ-LLC, a developer with over 20 years of experience in real estate delivery across the Middle East and Turkey. The group is known for architectural craftsmanship and design-led residential projects. Azure represents their flagship entry into the RAK freehold market.

Al Marjan Island is experiencing strong demand from international investors, driven by RAK's tourism growth and the upcoming Wynn Resort & Casino — the UAE's first integrated resort. Beachfront units in the area are generating rental yields of up to 9% annually. Limited freehold supply on the island supports long-term capital appreciation prospects.

Yes — with entry pricing from AED 750,000 and a flexible 75/25 payment plan including two years post-handover, Azure is accessible for first-time buyers and those new to the RAK market. Studios start at around 407 sq.ft, making them practical buy-to-let units in a high-demand beachfront location. The Q4 2028 handover also gives buyers time to plan their finances across the construction period.