Ras Al Khaimah, also known as RAK, has a vast potential for real estate investment. Leading developers such as RAK Properties have already initiated impressive villa and apartment projects in the northern emirate. Other developers are now also investing in and introducing various projects in RAK. These new developments offer exceptional residential and leisure destinations, attracting new interest to the local real estate market.
The hottest upcoming RAK projects
The northern emirate’s real estate market has shown stability within the last six months, as per the Bayut H1 2023 Ras Al Khaimah Market Report.
The new developments mentioned below will provide numerous opportunities to buy properties in RAK and improve the emirate’s tourism industry. Let’s look at what the northern emirate offers regarding off-plan developments.
RAK Projects in Al Marjan Island
When discussing mega Ras Al Khaimah new projects, upcoming developments in Al Marjan Island, RAK’s first artificial island, are a great place to start.
Oceano
Those in search of new RAK projects may consider Oceano by Luxe Developers. The upscale 18-storey twin-tower development will be gracing Al Marjan Island soon. The project offering 1- to 4-bed apartments, penthouses, and two sky villas will be perfect for investors looking to diversify their portfolio.
Residents can enjoy various benefits like a luxury spa, fitness facility, yoga room, swimming pool, private beach, library, play area and even a cigar lounge at Oceano. Furthermore, residents and visitors can also shop thanks to a dedicated retail space.
Danah Bay
With a release date set for 2024, Danah Bay is one of the exciting upcoming projects on Al Marjan Island. The development by Dubai Investments has a built-up area of 90,000 sq. m. with 40,000 sq. m. of beach.
Those looking to invest in beachfront homes may consider Danah Bay. The list of houses includes 3 to 4-bed villas and 2-bed townhouses. Apart from residences, it will be home to an upscale 4-star hotel and apartments, the latter of which will be available in 2 to 4-bed types.
Residents of Danah Bay will be able to enjoy a range of perks like swimming pools, retail options, fitness facilities and more. As for leisure activities, they can look forward to ziplining, paragliding and water sports.
Al Mahra Resort RAK
Al Mahra Resort by FAM Holding is a hospitality project in Ras Al Khaimah. Currently under construction, over 50% of the development at Al Marjan Island has already been sold out, per the developer.
The four-star beach development offers furnished flats in different configurations. Additionally, guests will have access to their stretch of private beach, swimming pools, various dining establishments and more.
Apart from RAK Properties, various developers are offering premium properties in RAK.
Famous for its apartment complexes, those looking for apartments for rent on Al Marjan Island will find a mix of studios, 1 and 2-bedroom flats. Starting prices range from AED 33k to AED 38k as per current listings.
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Those interested in apartments for sale in Al Marjan Island can expect starting prices of AED 400k for studios, AED 665k for 1-bedroom apartments and AED 700k for 2-beds.
Popular Off-plan RAK Projects in Hayat Island
The real estate market in RAK is brimming with waterfront and island developments. Hayat Island, one of the two islands that make up Mina Al Arab, is next on our list of sites for upcoming RAK developments.
Hayat Island will feature a mix of leisure, entertainment and retail outlets and some of the best residential properties in RAK — ranging from serviced and waterfront apartments to villas and townhouses with private beach access.
New developments in Ras Al Khaimah in Hayat Island are anticipated to open up countless investment opportunities in the emirate’s property market. The island is fully integrated with sustainability at its foundation. Here’s an overview of the new projects in the area:
Porto Playa
Optimised with artificial intelligence and solar energy, Porto Playa is the perfect option for buyers or tenants looking for sustainable living. The upcoming project is a joint venture between RAK Properties and Ellington Properties.
The development would sit right by the ocean and offer studios, 1, 2 and 3-bed apartments. Other choices include 3-bedroom villas, 2-bedroom townhouses and 4-bed presidential suites.
Premium amenities include a pool spa, lounge, coffee bar, business hub and clubhouse. Eco-enthusiasts will be happy to know of the availability of bicycle parking and EV charging stations. For sporting enthusiasts, there is an area for beach volleyball and mini golf. Want to unwind? Head to the yoga room or arcade.
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- 940 SQFT
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Marbella Villas II
Also, a project of RAK Properties, Marbella Villas II, is the second phase of Marbella Villas featuring 2 to 4-bed townhouses in front of a pristine coastline. Regarding amenities, there will be a waterfront promenade, community park, event spaces, parks, playgrounds, cycling paths, and retail and dining space. Thanks to an exclusive clubhouse with fitness facilities, cafes, and temperature-controlled pools, residents have a lot to look forward to.
Bayviews by RAK Properties
Looking for a luxurious place to live in Ras Al Khaimah? Check out Bayviews by RAK Properties. Investors can choose from studio, 1 and 2-bedroom apartments offering breathtaking views of the beach, Arabian Gulf and the Hajar Mountains.
- 2 BEDS
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- 1614 SQFT
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Gateway Residences II
Gateway Residences II is the next entry on our roundup of upcoming RAK projects. Also located within Mina Al Arab, this development will have a collection of residential complexes that feature 1 and 2-bedroom apartments with breathtaking waterfront views.
Gateway Residences 2 is another project in RAK by master developer RAK Properties, which will feature a community with many green spaces. Prospective tenants hoping to find homes in the northern emirate may consider apartments for sale in Gateway Residences 2.
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Cape Hayat
RAK Properties’ latest launch is Cape Hayat on Hayat Island in Ras Al Khaimah. The development spans a 22,854 sq. m. area and features four residential towers. The two 20-storey towers and two 9-storey buildings will offer 668 units on a freehold basis. The development will have studio, 1 and 2-bedroom apartments besides luxurious penthouses overlooking the scenic island coastline.
The Cape Hayat development will provide luxurious amenities on the podium level, including swimming pools, a gym, a leisure deck area with beautiful landscaping, a multi-purpose room, and a kids’ play area. Furthermore, the development will have retail and dining options.
FAQS about RAK Projects
What other new RAK projects should investors know about?
Apart from the mentioned new developments, Falcon Island by Al Hamra is expected to be completed in 2024. Another new launch is Wynn Resorts on Al Marjan Island.
Where can foreign investors buy properties in RAK Projects?
Expats or international buyers can purchase freehold properties in RAK, like those in Al Marjan Island, Hayat Island and Al Hamra Village.
Where can I find cheap apartments to rent in the northern emirates?
Finding affordable apartments to rent in the northern emirates is easy if you know where to look. Apart from RAK, you can search for budget-friendly flats in Sharjah and Ajman.
That’s all for our roundup of the top new developments in Ras Al Khaimah. Planning to visit the northern emirate? Make sure to visit these fantastic places in RAK to make the most of your time here.
Cover image credit: Dubai Investments (Danah Bay)
