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Home / Developers / RAK Properties
The flagship developer of Ras Al Khaimah — Mina Al Arab, Hayat Island.

RAK Properties

RAK Properties is the flagship developer of Ras Al Khaimah, founded in 2005 as a public company. It owns the largest developments in RAK — Mina Al Arab (a waterfront community with InterContinental + Anantara), Hayat Island (a man-made island) and RAK Central (the new CBD of RAK). It operates primarily in RAK with a small presence in Abu Dhabi. It benefits from the Wynn Al Marjan 2027 effect, which is driving significant price growth.

Founded 2005 Founder Government of Ras Al Khaimah HQ Ras Al Khaimah, United Arab Emirates DFM RAKPROP ~300 employees RERA registered
2005
Year founded
Public
Status
Mina Al Arab
Flagship development
THE TRACK RECORD

RAK Properties's record.

The dominant player in RAK real estate — with no real competition at scale. Its developments command a significant premium thanks to the Wynn Al Marjan effect (the first licensed casino in the Middle East, opening Q1 2027).

Delivery record

RAK Properties has maintained a steady delivery record — the first phases of Mina Al Arab have been delivered, while Hayat Island and RAK Central are under aggressive construction ahead of the Wynn 2027 opening.

Years active

Over 20 years (since 2005). Hundreds of units delivered, thousands in progress

Financial strength

A public company backed by the Government of RAK. Annual revenue has been climbing aggressively since 2023 on the back of rising prices. Low financial risk.

Founded2005
FounderGovernment of Ras Al Khaimah
HQRas Al Khaimah, United Arab Emirates
TypePublic · ADX (Abu Dhabi Securities Exchange)
Active projects9
Entry pricefrom 800K AED
SIGNATURE COMMUNITIES

RAK Properties flagship destinations.

Master-planned waterfront community
Mina Al Arab
RAK Properties' flagship development — a waterfront community with InterContinental Resort + Anantara. A blend of residential, hospitality and mangrove lagoons.
Man-made island within Mina Al Arab
Hayat Island
A man-made island within Mina Al Arab — villas and private beaches. Adjacent to Wynn Al Marjan.
The new CBD of RAK
RAK Central
A flagship development by RAK Properties — a new CBD complex in the heart of Ras Al Khaimah. Office towers, luxury apartments and a hotel.
Waterfront towers
Bay Residences
A waterfront tower development at Mina Al Arab.
WHAT SETS THEM APART

What makes RAK Properties special.

Property types Waterfront apartmentsVillasTownhousesCommercialHospitality
Price segment Mid-market to premium

Signature style

RAK Properties specialises in master-planned developments with an emphasis on tourism and waterfront living. Its hallmark: communities that combine residential, hospitality and leisure — comparable to Aldar's approach in Abu Dhabi, but in the mid-market segment.

Payment plans

Attractive construction-linked payment plans. For off-plan projects — flexible options with 60/40 or 70/30 structures.

THE HONEST VIEW

Strengths & considerations.

Where RAK Properties shines
  • Wynn Al Marjan 2027 effect — further significant price growth expected
  • Mina Al Arab = an established waterfront development with InterContinental + Anantara
  • RAK Central = a new CBD with capital-appreciation potential
  • Relatively accessible entry prices compared with Dubai
  • Yields of 6.5-8% in the growing communities
Worth considering
  • The RAK market is less liquid than Dubai — slower resale
  • Reliance on the Wynn effect — if the casino is delayed, there is risk to price growth
  • A medium-to-long investment horizon (2027+)
  • A less global brand compared with Emaar / Aldar
9 ACTIVE PROJECTS

All projects by RAK Properties.

Live from the catalog — sorted cheapest first. Click any card for the full property page.

OFF-PLAN
Mina Al Arab · Ras Al Khaimah

RAK Nura at Downtown Mina, RAK

Studio, 1-4 Bedroom Handover Q1 2029
From
800,000 AED
OFF-PLAN
Mina Al Arab · Ras Al Khaimah

Mirasol 2 at Mina Al Arab, RAK

Studio, 1-3 Bedroom Handover Q3 2028
From
861,000 AED
OFF-PLAN
Mina Al Arab · Ras Al Khaimah

Enta Mina Residences at Mina Al Arab, Ras Al Khaimah

Studio, 1-2 Bedroom Handover Q1 2028
From
889,000 AED
OFF-PLAN
Mina Al Arab · Ras Al Khaimah

Solera Downtown Mina at Mina Al Arab, Ras Al Khaimah

Studio, 1-4 Bedroom Handover Q2 2028
From
1,217,000 AED
OFF-PLAN
Mina Al Arab · Ras Al Khaimah

Cape Hayat at Mina Al Arab, Ras Al Khaimah

1-2 Bedroom Handover Q2 2026
From
1,678,000 AED
OFF-PLAN
Mina Al Arab · Ras Al Khaimah

Granada II at Mina Al Arab, Ras Al Khaimah

2-3 Bedroom Handover Q1 2026
From
2,300,000 AED
OFF-PLAN
Mina Al Arab · Ras Al Khaimah

Marbella Villas II at Mina Al Arab, Ras Al Khaimah

4 Bedroom Handover Q4 2024
From
4,914,827 AED
OFF-PLAN
Mina Al Arab · Ras Al Khaimah

Anantara Villas by RAK Properties at Mina Al Arab, Ras Al Khaimah

3 -5 Bedroom Handover Q3 2028
From
12,800,000 AED
PRE-LAUNCH
Mina Al Arab · Ras Al Khaimah

Anantara Mina by RAK Properties at Mina Al Arab, Ras Al Khaimah

Studio, 1-5 Bedroom Handover Announcing - Soon
From
AED
GOOD TO KNOW

Common questions about RAK Properties.

What makes RAK Properties unique?+

The dominant developer in Ras Al Khaimah — with no real competition at scale. It benefits from the Wynn Al Marjan effect, which is expected to drive significant price growth through 2028.

Is RAK Properties a reliable developer?+

Yes — a public company since 2005, backed by the Government of RAK. A steady delivery record. Low financial risk.

What is Mina Al Arab?+

RAK Properties' flagship development — a master-planned waterfront community with InterContinental, Anantara and mangrove lagoons. A blend of residential living and luxury tourism.

What is the Wynn effect?+

Wynn Al Marjan Resort — the first licensed casino in the Middle East, opening Q1 2027. Real estate prices in RAK are expected to rise by 30-50% through 2028.

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