PHOTO
RAK Properties Mirasol ariel view. Image Courtesy: RAK Properties
- RAK Properties CEO: “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”
event earlier this month, outlining RAK Properties’ AED 5 billion GDV pipeline for 2025.
Ras Al Khaimah, UAE: RAK Properties, Ras Al Khaimah’s leading publicly listed property developer, has sold out the first phase of its latest development, Mirasol. Mirasol received remarkable demand from customers, following its unveiling in anSameh Muhtadi, CEO of RAK Properties said: “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.”
Mirasol features 339 units, offering a range of studios, apartments and duplexes, scheduled for handover in the first half of 2028. Anchored by a central podium, the two-tower 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.
In addition, a restaurant is being developed in partnership with famed Michelin star Spanish chef Vicente Torres, who hails from Ibiza, in keeping with the resort-inspired positioning of Mirasol.
Mirasol is the first project to be launched by RAK Properties in 2025 as part of an ambitious development launch pipeline. Construction is progressing rapidly across all active projects, with one of the company’s most active handover periods expected this year, as it celebrates its 20th anniversary.
Mina aims to redefine island living, prioritising sustainability, connectivity and community. The latest updates on the masterplan mark a new chapter for investors seeking opportunities in Ras Al Khaimah’s expanding real estate market, and present attractive options for those interested in permanent residences, holiday homes, or high-return investments, all supported by Ras Al Khaimah’s growing economy and strategic location.
About RAK Properties
Founded in 2005 under the visionary leadership of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties is a leading real estate developer committed to producing exceptional and sustainable destinations. Specialising in contemporary and meticulously crafted communities, RAK Properties integrates excellence, innovation, and nature to create enriching lifestyles in alignment with the aspirations of tomorrow’s people.
RAK Properties plays a pivotal role in achieving RAK Vision 2030, focusing on delivering economic, social, and environmental value, all aimed at enhancing lives and places, and contributing to the prosperous narrative of Ras Al Khaimah.
Awards and recognitions
- Awarded ‘Developer of the Year’ 2023 by Construction Week Middle East.
- Bay Views Residences won the ‘Best Residential Project’ at the Design Middle East Awards 2023, where the residential development was recognized as the region's best design and architecture.
- Quattro Del Mar was awarded the Best Mixed-Used Project at the prestigious Pillars of Real Estate Awards 2024.