RAK Properties, a leading property developer in Ras Al Khaimah, has successfully sold out the first phase of its new development, Mirasol.
The project received huge demand after its recent launch event, where RAK Properties also shared its Dhs 5 billion development pipeline for 2025.
Mirasol amenities
Mirasol features 339 units with a mix of studios, apartments, and duplexes. These are scheduled for handover in the first half of 2028. The two-tower community will have a range of exciting amenities, including:
- An oasis-style swimming pool and sunken beds
- Open-air cinema
- Yoga studio
- Children’s play area and splash pool
- Lounge bar
Additionally, a restaurant will be developed in partnership with Michelin-star Spanish chef Vicente Torres, known for his work in Ibiza. This will add to the resort-like feel of Mirasol.
Growing Ras Al Khaimah real estate market
Sameh Muhtadi, CEO of RAK Properties, commented: “The exceptional demand for Mirasol underscores the growing confidence in Ras Al Khaimah’s real estate market and highlights RAK Properties’ commitment to delivering world-class communities.
“In particular, we are seeing a real appetite from buyers to be a part of the Mina story – our flagship destination and the focus of our growth and transformation agenda for the coming years. Mirasol is the first of a number of new communities being launched within Mina in 2025 and we look forward to releasing a diverse mix of products to meet the needs and expectations of our increasingly broad base of investors and end users.
“We are proud to kick off our twentieth anniversary year in style and look forward to creating strong momentum within Mina as we continue to shape the future of coastal living in the UAE.”
RAK Properties first project of the year
Mirasol is the first of several new developments RAK Properties will launch in 2025 as part of their ambitious plans. The company is also progressing quickly with construction on other active projects, expecting to hand over a number of completed properties this year, as it celebrates its 20th anniversary.
The Mina community is designed to transform island living, focusing on sustainability, connectivity, and community. It’s an exciting time for investors looking at opportunities in Ras Al Khaimah’s growing real estate market, whether for permanent residences, vacation homes, or high-return investments, supported by the region’s expanding economy and strategic location.
tanvir@dubainewsweek.com
