Properties for sale in Mina Al Arab

A new overwater real estate in Ras Al Khaimah is Min Al Arab. Translating to ‘Port of Arabia’, the community of Mina Al Arab is a master development by RAK Properties – a government real estate builder founded in 2005 by Sheikh Saud Bin Saqr Al Qasimi, the ruler of the city. This master development represents the northern half portion of Al Riffa district, whereas it separates from the lower half by Sheikh Muhammad Bin Salem Road. Mina Al Arab expands over an of 30 million sq. ft., which comprises a beachfront strip and a cluster of islands.

Types of Properties in Mina Al Arab

Mina Al Arab has 6 districts divided across the development, namely Granada, Marbella, Bermuda, Malibu, Flamingo Villas and Northbay Residences. The sub-development of Granada lies on the western side of Mina Al Arab strip while Malibu and Flamingo Villas are established on the eastern side. Residential properties such as villas in Mina Al Arab are densely present in Flamingo Villas, with 2bhk, 3bhk and 4bhk layouts. These houses range in sizes from 1,876 sq. ft., 2,572 sq. ft., 3,250 sq. ft. to 4,132 sq. ft. and 5,530 sq. ft. to 6,741 sq. ft. respectively. Mina Al Arab villas in projects such as Bermuda include amenities such as a gym, tennis court, swimming pools, private beach and children’s play area. Mina Al Arab townhouses for sale are found in different projects such as Bermuda, Granada and Marbella with floor areas ranging between 2,401 sq. ft. and 3,769 sq. ft. Launched in the eastern Hayat Island of Mina Al Arab, it features many off-plan properties such as luxury beachfront flats that can be purchased with the help of monthly instalments.

Sale Price Trends of Properties in Mina Al Arab

The sale price of apartments in Mina Al Arab starts from AED 228,000 and goes up to AED 2,800,000. But for the buyer’s convenience, they are offered with an initial 5% instalment on booking and then 1.13% monthly instalments for 84 months. Offering the best prices, villas are also available for sale starting from AED 1,000,000 and going up to AED 9,200,000. The median price of houses in Mina Al Arab is AED 1,900,000. If someone wants to own a 2bhk property for the same price through a mortgage plan of 5 years, they can do so with a 20% down payment and a monthly instalment of AED 27,475, summing up to a total of AED 1,648,489.

Popular Areas of Mina Al Arab

Although every place in Mina Al Arab has its own character and advantages, the Lagoon Walk stands out for being the central point for shopping and other leisure activities. It is a dynamic neighbourhood in this master community that features a lagoon-view promenade lined with various amenities. These include restaurants such as The Lounge-Manhattan Enterprises, De Galera Marinero, Poem Bistro Café and Shake Chili. There’s a wide array of coffee places like Cinnamon Café, Communitea, The Muse Café, RMR Story Café, La Bella Café and Queue Café. Other popular amenities in Lagoon Walk include Gold’s Gym, Choithrams supermarket, Lagoon Marina and The House of Medicine Pharmacy.

Reasons for Investing in Mina Al Arab

Mina Al Arab is well-connected to the mainland areas in Ras Al Khaimah thanks to the major highway, Sheikh Muhammad Bin Salem Rd. (E11), that runs along the development. Rich in itself with luxurious amenities, the master community is also close to many off-premise attractions. For instance, Emirates Roundabout that is located 4.6 kilometres away and Wonder Lead – a team building/event planning organisation - is situated right in front of Mina Al Arab. RAK track, a go-karting facility, is situated only 7 minutes away. The expansive Eid Prayer Square is also located somewhere nearby in the same district of Al Riffa. Ras Al Khaimah is situated on about a 31-minute smooth drive. One of the major benefits of living in Mina Al Arab is the fact that it is close to many popular malls and is a proud bearer of one too, called The Lagoon.