World's most expensive island oasis – with private beaches, nightclubs and resorts – is for sale

By Real EstateFOXBusiness

World’s most expensive island goes up for sale

The world’s most expensive island in the United Arab Emirates is selling for $462 million.

The world’s most expensive island – complete with beach resorts, nightclubs and hotels – is officially on the market and could be yours if you’re willing to spend big bucks.

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Al Marjan Island, a collection of four man-made islands in the city of Ras Al Khaimah on the northern tip of the United Arab Emirates totaling 660 acres, is listed for $462 million. The circle- and coral-shaped islands – called Breeze Island, Treasure Island, Dream Island and View Island – extend nearly 2.8 miles into the Persian Gulf and are set against a backdrop of the Arabian Peninsula. Catering to foreign investors, the listing offers zero personal and zero income taxes with no foreign exchange controls.

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The buyer will receive five million square feet of land plus the five-star hotels, private beaches and residential living areas that already exist on the property. As an added bonus, “world-class” education and hospital facilities are located nearby.

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“With waterfront homes, quality hotels and resorts, marinas, private beaches for residents, leisure, retail and recreational facilities, Al Marjan Island is a unique investment opportunity with high returns,” reads the ad.