Ras Al Khaimah has launched another ‘island’ destination as the emirate capitalizes on the ongoing real estate boom centered on high-end hotels and serviced residences.
The master developer, RAK Properties, is backing the ‘Raha Island’ project in Mina Al Arab, including extensive retail space, marinas, beach clubs, and leisure options.
“We are confident that the current demand from customers for upscale meticulously designed developments will be delivered at Raha Island,” said Sameh Al Muhtadi, CEO.
“Our task now is not only to meet this demand but to exceed expectations by further enhancing this prestigious destination.”
Since last year, there have been several luxury-focused launches, including Emaar’s Address brand and Aldar’s Nikki Beach project. In addition, there are numerous hotel projects, including the flagship Wynn on Al Marjan Island.
Heavy investment has been flowing into Al Marjan Island, with the first landmark projects expected to open within the next three years. Under the circumstances, RAK Properties’ decision to launch Raha Island appears timely, providing another focal point for investors.
Raha Island will have over 2.5 kilometers of ‘accessible public beaches’.
The new marinas on the island will be the ‘perfect launching point for water sports and adventures, or simply a relaxed day out on the water’. A water transit will provide connectivity throughout Mina Al Arab, allowing residents and visitors to explore local attractions or take the hydrofoil to other Emirates to the south.
