RAK Properties has announced an enormous $1.4bn real estate development pipeline dubbed the “future of Ras Al Khaimah”.
Mina will be set across a land area of 4 million square metres and comprise three districts:
- Raha Island
- Hayat Island
- Lagoons
It is situated along the Ras Al Khaimah coastline and is in close proximity to the Emirate’s major economic drivers.
Mina in Ras Al Khaimah
Mina is the focus of a AED5bn ($1.4bn) pipeline for 2025 and is at the heart of RAK Properties’ transformative growth agenda.
The first new project to be launched within Mina in 2025 is Mirasol, located on Raha Island – a resort inspired living concept, and incorporating a restaurant being developed in partnership with Spanish Michelin star chef Vicente Torres.
Sameh Muhtadi, CEO of RAK Properties said: “We are proud to unveil Mina – our vision for the future in Ras Al Khaimah. Thriving community, exceptional experiences, a people first emphasis on design, and world class partners are the cornerstones for this vision.
“The launch of Mirasol is a key component of our AED5bn 2025 residential development launch pipeline. Combining this with our plans to create new amenities within Mina – the yacht club, wharf, marina boulevard, and multiple beach clubs – our transformation agenda is clear for everyone to see.
“With this active programme of new product launches as well as completions and handovers, we look forward to welcoming more and more customers into Ras Al Khaimah to enjoy some of the very best hospitality and residential experiences on offer in the UAE.”
A number of new additions to Mina are making it more attractive to residents, tourists and investors alike. Such additions include:
- Mina Yacht Club
- Mina Wharf
Suitable for luxury motor yachts as well as sailboats, these two amenities activate Mina’s waterfront, and take advantage of some of the best sailing conditions in the UAE.
Connecting the yacht club and wharf is Mina Boulevard, a vibrant, dynamic, walkable, shopping and dining destination which will transform Raha Island into a lively social hub.
Mina will feature a combination of community and destination retail experiences spread across 137 outlets and a combined 23,000 sq m of net leasable area.
Mina aims to redefine coastal living, prioritising sustainability, connectivity, and community. The development features a diverse range of luxury residences, from elegant waterfront villas to exclusive branded apartments, all with easy access to pristine beaches and serene green spaces.
Notable properties include the ultra-luxury NB Collection and two operational luxury hotels — InterContinental Ras Al Khaimah Mina Resort and Spa and Anantara Mina Ras Al Khaimah Resort.
To complement the current portfolio of established hospitality brands on Mina, RAK Properties is set to announce major luxury hotel partnerships within the quarter.
Complementing Mina’s residential offerings is a curated collection of lifestyle outlets. Residents and visitors can enjoy a variety of beach clubs, fine dining restaurants, and casual cafés, all within easy reach.
Further enriching the Mina community is the launch of Mirasol, a new resort style living concept. Featuring a range of studios, apartments and duplexes and scheduled for handover in the first half of 2028, Mirasol residents will enjoy incredible views as well as seamless access to all of Mina’s amenities and attractions.
Anchored by a central podium, this two-tower, 339-unit community will include an oasis style swimming pool and sunken beds, open air cinema, yoga studio, children’s play area and splash pool, and lounge bar.
Mirasol is the first project to be launched by RAK Properties as part of its 2025 development launch pipeline. Construction is progressing rapidly across all active projects, with one of the Company’s most active handover periods expected this year.
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