Waldorf Astoria Residences Ras Al Khaimah has unveiled the Sky Palace, a palatial triplex spanning its 21st to 23rd floors. Rising high above the Arabian Gulf, the only triplex Sky Palace in Ras Al Khaimah, is priced at AED130 million ($35.4 million). It redefines elevated living with soaring double-height spaces, panoramic sea views, and meticulously crafted interiors, making it the most expensive residence in Ras Al Khaimah, said a statement. Exclusive privileges As the crown jewel of Waldorf Astoria Residences Ras Al Khaimah, the Sky Palace offers its owner a suite of bespoke privileges unmatched by any other residence, including: • A private internal lift connecting all three levels of the triplex. • A VIP lift from the ground floor directly to the 21st floor. •…

Abu Dhabi - RAK Properties has launched the second phase of Mirasol, an expansive resort-style apartment community on Mina, according to a press release. The development scheme comprises 280 units across visually distinct and architecturally striking buildings. Upon completion, the second phase of Mirasol will be home to a collection of three fully integrated residential communities. Mirasol phase II includes apartments ranging from 389 to 524 square feet for an elegantly appointed studio to expansive 3,741 square feet three-bed penthouses. Sameh Muhtadi, CEO of RAK Properties, said: “As we have seen with previous launches across Mina, the luxury segment continues to drive the real estate in the UAE and Ras Al Khaimah, with developments such as Downtown Mina seamlessly…

RAK Properties, Ras Al Khaimah’s leading publicly listed property developer, has announced the launch of the second phase of Mirasol, an expansive resort-style apartment community on Mina, the premium waterfront destination for elevated living. The next exciting chapter in the rapid growth and evolution of Raha Island, the second phase of Mirasol comprises 280 units across visually distinct and architecturally striking buildings, making it one of the most prominent and well-connected apartment complexes within the dynamic North Harbour neighbourhood. When Mirasol launched in January 2025, it quickly sold out with buyers eager to purchase homes in one of the fastest-growing real estate markets in the region, and beyond. This second phase of Mirasol is expected to attract similar,…

RAK Properties has announced the launch of the second phase of Mirasol, a resort-style apartment community on Mina. Upon completion, the second phase will feature three fully integrated residential communities, incliuding two low-rise apartment buildings complemented by duplexes with harbour views. Units range from 389–524 sq ft studios priced from AED861,000 to 3,741 sq ft three-bedroom penthouses. Amenities include an Oasis Pool overlooking the Arabian Gulf, a children’s play area with splash pool, and sunken lounge beds. Sameh Muhtadi, Chief Executive Officer of RAK Properties, said, “The launch of phase two of Mirasol is yet another proud moment in the ongoing growth of our flagship Mina waterfront community and Raha Island. The dynamic story of Mina continues to…

Dubai Investment Real Estate (DIR), a subsidiary of Dubai Investments, begins the Phase 1 delivery of Danah Bay, its mixed-use beachfront development on Al Marjan Island in Ras Al Khaimah. A total of 171 landside villas have been completed and are ready for handover. This includes 143 townhouses and 3- and 4-bedroom villas, with internal and external works, service installations, and infrastructure fully finalised. The construction work is currently under way on the breakwater villas and the apartment tower, said the statement from DIR. In addition, 28 premium landside villas featuring spacious 4- and 5-bedroom configurations have also reached 100% completion, with all construction and landscaping works concluded, it stated. According to DIR, the progress continues on the Breakwater…

Al Hamra, the leading lifestyle developer and real estate investment company in Ras Al Khaimah, has officially launched two landmark residential developments Al Hamra Greens and Aila Homes - with a combined investment value of more than AED3 billion ($817 million). The launch event, held at Madinat Jumeirah, Dubai, was attended by over 1,000 brokers and industry stakeholders. Located in Al Hamra Village, both projects highlight the developer’s focus on design-led, high-quality living. Al Hamra Greens is a wellness-centric community inspired by Scandinavian design and rooted in the philosophy of “Reconnect with Living,” said the developer. Located opposite RAK Central, it offers breathtaking views of RAK’s urban hub, the Al Hamra Championship Golf Course, and…

UAE-based Mira Developments and Gianfranco Ferré Home have joined hands to unveil its premium waterfront development - Gianfranco Ferré Residences - at the very tip of Al Marjan Island in the northern emirate of Ras Al Khaimah. Established in 2014, the Gianfranco Ferré Home line creates elegant and exclusive furnishings, reflecting an eclectic, versatile and timeless style. The collection is rooted in the creative legacy of Gianfranco Ferré, the 'Architect of Fashion', an iconic figure in the fashion world. Unveiling the project, Mira Developments said these fully furnished, ready-to-move-in homes offer majestic aquatic scenery from nearly every point of view, surrounded by the Arabian Gulf on three sides. The tranquil rhythm of the sea is complemented by…

UAE - Ardee Developments, the newest player in the UAE’s real estate market, has officially launched with the unveiling of Ardee Al Marjan Island - a landmark multipurpose destination and the largest development on Al Marjan Island, Ras Al Khaimah.  Spanning over 2.5 million sq ft, Ardee Al Marjan Island is a multibillion-dirham flagship project designed as a vibrant lifestyle community. Blending luxury living with hospitality, retail, leisure, and entertainment, the master-planned development will feature branded and serviced residences, townhouses, and private villas, along with a luxury hotel, an immersive F&B and retail promenade, and diverse lifestyle amenities — all integrated into a seamless, future-forward coastal environment, said the developer. On the…

RAS AL KHAIMAH - The Lands and Properties sector of Ras Al Khaimah Municipality achieved remarkable results in 2024, recording registered real estate transactions worth over AED15 billion. This reflects the significant activity in the emirate's real estate sector and the market's robust growth. A total of 2,985 sales transactions were recorded, surpassing AED6 billion in value. Additionally, 1,224 mortgage transactions were completed, with contract values exceeding AED4 billion, alongside 845 assignment transactions with a total market value of more than AED3 billion.

UAE - OCTA Properties and world-renowned fashion and lifestyle brand Elie Saab have unveiled La Mer by Elie Saab, a signature development located on the prestigious Al Marjan Island in Ras Al Khaimah, developed by ARTE Developments. The project features three beachfront towers, connected through various levels with a dual lobby. The development boasts 355 residences ranging from 874 sq ft to 14,484 sq ft. These will be categorised into 10 different residence categories from one-bedroom apartments to chalets and villas, and nine exclusive penthouses spanning between 10,453 sq ft and 14,484 sq ft. The residences, designed with Elie Saab’s signature style, provide an exclusive living experience complemented by signature pieces from the Elie Saab Maison furniture collection. An…

RAK Properties (ADX: RAKPROP), Ras Al Khaimah's leading publicly listed property developer, has released its consolidated financial results for the third quarter of 2024, showcasing consistent financial growth and strategic advancements. RAK Properties recorded remarkable growth across metrics, including a 30% year-on-year increase in revenue to AED891 million. This growth is a testament to the successful execution of the company’s strategic vision for Mina Al Arab RAK and the diverse appeal of its project portfolio across residential, commercial, and hospitality projects, which continue to attract robust interest from both investors and end-users. The increase in profit before tax and gross profit, both by 27% and 46% respectively compared to last year, reflects RAK…

  Octa Properties, a premier development management firm in Dubai, has partnered with renowned fashion and lifestyle brand Elie Saab for the unveiling of La Mer by Elie Saab, a signature development located on Al Marjan Island in Ras Al Khaimah. The project is being developed by ARTE Developments, a prominent luxury property developer in the UAE. La Mer by Elie Saab features three beachfront towers, seamlessly connected through various levels with a dual lobby. The development will boast a total of 355 residences ranging from 874 sq ft to 14,484 sq ft units. These apartments will be categorised into ten different residence categories from one-bedroom units to chalets and villas, and nine exclusive penthouses spanning between 10,453 sq ft and 14,484 sq ft. The Residences, designed…