In recent years, Ras Al Khaimah has rapidly emerged as a rising city on the global map. With its stunning landscapes and strategic position, the Emirate has drawn the attention of both investors and residents alike. The city’s well-planned infrastructure, economic diversity and growth in the tourism sector have turned it into a hotspot for real estate ventures.
That said, Ras Al Khaimah has witnessed a surge in property projects catering to numerous preferences and needs. These projects encompass waterfront residences, urban developments and eco-friendly communities in the region.
Let’s delve into the details of new and upcoming projects in Ras Al Khaimah. These projects depict the Emirate’s rise in the real estate industry.
LIST OF NEW AND UPCOMING PROJECTS IN RAS AL KHAIMAH
According to the RAK sales and rental report for H1 2023 by dubizzle, the Emirate has witnessed a flourishing real estate market. The growth has heightened investors’ interest, leading to the emergence of numerous new property developments in RAK.
Based on the report, we have listed the areas that have new and upcoming property projects in Ras Al Khaimah. These areas are most searched for renting and buying properties in Ras Al Khaimah as per the user trends on dubizzle. Let’s explore the new projects in Ras Al Khaimah and what they have in store for us.
Mina Al Arab
Mina Al Arab is a man-made island and a popular tourist destination in RAK. Apart from offering the perks of beachfront living, the island is known for stunning beaches, vibrant attractions and luxury hotels.
To further boost tourism and investment in the region, new projects are being introduced in the Emirate. Some have a completion status and some are still underway. They are as follows.
HAYAT ISLAND
Hayat Island is a major real estate development project by RAK Properties. Located on RAK’s pristine coast overlooking the Arabian Gulf, the waterfront project offers tonnes of residential developments.
Recently, RAK Properties have joined forces with Ellington Properties for an upcoming project in Ras Al Khaimah. The project is a new waterfront residential development on Hayat Island. The project will mark Ellington Properties’ entry into the region.
Moreover, the development will offer residents direct access to the beach and include multi-family apartments. It will feature upscale restaurants and resort-style amenities, all aimed at providing a premium quality lifestyle.
GATEWAY RESIDENCES
Gateway Residences is among the new projects in RAK. It is a residential community by RAK Properties in Hayat Island, currently in progress. The project is set to introduce a range of 1- and 2-bedroom apartments for sale in Gateway Residences.
Alongside these luxurious homes, a collection of amenities will also be available. These include swimming pools, well-equipped gyms and a community clubhouse. The project will also provide 24/7 security to the residents.
BAY VIEW RESIDENCE
Bay View Residences is situated on Hayat Island within Mina Al Arab. It offers a collection of 324 studios, and 1,2 and 3-bedroom apartments to buy in Mina Al Arab, with direct beach access. Earlier this year, the project developer, RAK Properties, announced the launch of the second phase of Bay View Residence.
The second phase of Bay View Residence will have 1 and 2-bedroom apartments and penthouses. The development will offer amenities such as swimming pools, gyms, and a clubhouse. Set for completion in 2025, this phase of Bay View Residences presents a promising investment opportunity for those who want a luxurious living in Ras Al Khaimah.
Al Marjan Island
Al Marjan Island is a collection of four artificial islands in RAK. The project was brought to life by RAK Properties and reached completion in 2010, offering several residential and commercial properties. It is also one of the top areas to rent an apartment in RAK. Let’s learn about the new projects in the region. They are as follows.
THE ADDRESS AL MARJAN ISLAND BY EMAAR
Emaar, a renowned real estate developer in Dubai, also has a new project in RAK. The Address Al Marjan Island, is currently being built on Al Marjan Island. This development includes a 249-room hotel, 1,500 hotel apartments, and 2,000 residential villas. The hotel, operated by The Address Hotels + Resorts, will provide various amenities like restaurants, a spa and a fitness centre.
The hotel apartments will be rentable for short and long stays, featuring fully-equipped kitchens and balconies. The residential villas, available for purchase, will offer private pools and gardens.
AL MAHRA RESORT
Al Mahra Resort is a 4-star plus beachfront development offering fully furnished hotel apartments in various sizes. The apartments come with modern appliances, providing a comfortable stay.
The resort boasts a private beach, multiple swimming pools including a children’s pool and swim-up bar, a spa, a well-equipped fitness centre and a variety of restaurants offering various cuisines. Additionally, the resort caters to families with a kids’ club and provides business facilities in its centre equipped with computers, printers and scanners.
Al Hamra
Located along the Arabian Gulf, Al Hamra Village is a mixed-use development. It is also a top choice among areas for rental villas in RAK. Moreover, the community offers tonnes of amenities and recreational facilities. Let’s learn about the upcoming project in Al Hamra village and what it will offer.
FALCON ISLAND
Falcon Island is a residential development, currently in progress, under the management of Al Hamra Real Estate Management Services. Nestled in the heart of Al Hamra Village, this project spans two twin islands. It encompasses a range of 1, 2 and 3-bedroom apartments, as well as townhouses and villas. Speaking of that, you can invest in the 2-bedroom off-plan property in Falcon Island.
The development is set to include amenities catering to a well-rounded lifestyle. The development highlights the perks of a gated community with 24/7 security, ensuring a safe and accessible environment.
FAQs
Is RAK a good place to invest?
Yes, RAK is a favourable investment destination due to its affordability, tourism, free trade zone, and infrastructure improvements.
What are some of the new projects in RAK?
Many new projects have been unveiled in RAK. These include Falcon Island, the Address Hotel and Gateway Residences, among others.
Is Ras Al Khaimah a suitable place to live for families?
Absolutely. RAK is divided into close-knit communities, fostering family-friendly living. The Emirate provides excellent schools, public parks, play areas and beaches for children’s engagement. Moreover, RAK offers a range of weekend activities perfect for family enjoyment.
That wraps up our list of new and upcoming projects in Ras Al Khaimah. The new projects will add to the economic growth and have an overall positive impact on RAK’s real estate. If you want to invest in the Emirate’s real estate, consider these property management companies in RAK to assist you. Besides, if you are considering moving to this Emirate of pristine beaches, here are some property options:
Keep reading dubizzle’s real estate blog for news on upcoming and latest projects across the Emirates.
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