RAK Properties breaks ground at Bay Residences
The 324-unit development is set to offer seafront living on sought-after Hayat Island
RAK Properties has broken ground on its latest waterfront development – Bay Residences – located in the Mina Al Arab district in Ras Al Khaimah.
As a new addition to Hayat Island, Bay Residences will feature 324 apartments with a mix of one-, two- and three-bedroom units, all with direct access to the beach, the firm said.
The groundbreaking ceremony was attended by RAK Properties CEO Sameh Al Muhtadi, COO Mohammed Al Tair, as well as by senior staff members from the Al Oroba Contracting Company.
In January 2022, RAK Properties began handovers of the Marbella Villas and, in February 2022, it launched the Gateway Residences 2 residential project.
Sameh Al Muhtadi said: “The immense success of our latest residential projects paved the path for further development on this much sought-after location of Hayat Island. Bay Residences is adjacent to the prestigious five star property – InterContinental Mina Al Arab Ras Al Khaimah Resort & Spa.
“We look forward to continuing our mission to offer families and investors innovative homes to elevate their sense of living and leisure and offer seaside living within the Mina Al Arab destination,” he added.
The residential complex includes swimming pools, playgrounds, retail, F&B outlets, and a gym – all designed to further enhance the benefits of seaside living. Surrounded by promenades, walkways, boardwalks, parks and beautifully landscaped open spaces, the residential apartments are conveniently located to benefit from a wide array of dining, retail and entertainment options, the statement concluded.
In November 2022, RAK Properties said it delivered buoyant results in Q3.
