UAE real estate: New waterfront residential project in Ras Al Khaimah

RAK Properties and Ellington Properties will jointly develop the residential project.

RAK Properties and Ellington Properties announced the launch of a new waterfront residential project in Hayat Island at Mina Al Arab. The beachfront development will feature multiple amenities for residents on the island.

The companies signed an agreement to develop the premium residential beachfront project in a prime location on Hayat Island. The project will mark Ellington’s entry into Ras Al Khaimah with its first development.

Residents will have direct beach access, comprising of multi-family apartments, the project will have features including high-end restaurants, resort-style amenities with a focus on a high-quality lifestyle.
Sameh Al Muhtadi, CEO of RAK Properties said, “Ras Al Khaimah is the UAE’s sustainable tourism destination, and international and local investors and tourists alike are attracted to all it has to offer in terms of the unspoiled natural environment. At Mina Al Arab we are creating a highly experiential ‘urban island’ lifestyle destination in the heart of Ras Al Khaimah, bringing to life the conveniences of urban living with the free-spirited energy of island life.

“Our partnership with Ellington aligns with this vision as we look to partner with best-in-class organisations to develop extraordinary homes and experiences that will elevate people’s lifestyles in Mina Al Arab, Ras Al Khaimah’s most exclusive residential area.”

Robert Booth, Co-Founder and Managing Director of Ellington Properties said, “We are excited to be working with RAK Properties to develop our first project in Ras Al Khaimah. Our expansion into the emirate forms part of our strategy to accelerate our growth to meet the demand for our developments, bringing our unrivalled living environments to more people. This project will add to the wealth of lifestyle offerings available at Hayat Island and provide our residents with an enhanced quality of life.”

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