The northern shore of Ras Al Khaimah, between Al Marjan Island and the emirate’s centre
RAK Properties’ master development around a mangrove lagoon: 18 kilometres of shore, Anantara with overwater villas — and 62 live price cuts in our stock.
Mina Al Arab has been building since the mid-2000s around its principal natural asset — a mangrove lagoon the project preserved rather than drained: two million square metres of protected mangroves, 18 kilometres of shoreline, five kilometres of beaches.
The hotel base already operates: Anantara with Maldivian-style overwater villas, InterContinental, and the Nikki Beach club. That distinction matters — the visitor flow exists rather than being planned.
The residential side is layered: Hayat Island with apartments and a promenade, the Granada, Marbella and Flamingo villa districts by the water, townhouses. Part has long been lived in; new phases keep coming.
As of 26 August 2026 the base holds 62 price-cut lots: 25 apartments (from AED 1.4m), 19 villas (from 1.8m), 17 townhouses (from 2.1m). The deepest cut in the sample is 20%.
More than a third of the cuts sit on Hayat Island — the youngest and most plentiful part of the supply, where early buyers compete with the developer’s new phases.
The honest comparison with neighbouring Al Marjan: there the bet is Wynn and prices already carry it; here the resort environment works today, without a casino, and entry is noticeably lower.
The phase and its shore: lagoon, open sea and inner streets are three different products in price and in rental demand.
The service charge: coastal communities with promenades and beaches run above the city norm.
For letting — seasonality: Ras Al Khaimah lives on tourist flow, and winter and summer occupancy differ severalfold.
And the status of the specific project: some districts were handed over a decade ago, others are under construction — building age is checked per district, not per area.
Source of the figures — the project page at the developer.
RAK Properties closed 2024 with revenue of AED 1.41bn (+40%) and net profit of AED 280.9m (+39%), but withheld its dividend to speed up construction ahead of the $5.1bn Wynn Al Marjan Island resort, now targeting a September 2027 opening. What it means for buyers on Al Marjan Island.
The main listed developer of Ras Al Khaimah. What changes when you buy in a northern emirate — registration, ownership, visas and the demand story behind the current interest.
Al Marjan Island UAE Al Marjan Island — four reclaimed islands reaching 4.5 km out to sea, and the only address in the UAE with a casino under construction. Wynn opens in September 2027, and the entire Ras Al Khaimah market is priced against that date. 
Al Hamra Village UAE The emirate’s oldest resort community: golf, a marina, a mall and the Waldorf Astoria in one village — and the liveliest resale market in Ras Al Khaimah per our stock. 
Aljada UAE The largest project in Sharjah’s history and its downtown under construction: 25 000 homes, half a million square metres of offices, three schools and a four-kilometre retail boulevard in one master plan. 
Masaar UAE Three thousand villas and townhouses among fifty thousand trees: seven gated districts linked by a green spine, and Sharjah’s flagship villa community. 
Sobha Siniya Island UAE A Sobha master development across an entire island: four- to six-bedroom villas, apartments, an 18-hole golf course and a yacht club — the first and so far only entry into Umm Al Quwain for an international buyer. 
Billionaire Row UAE Billionaire Row — three kilometres of Dubai Water Canal frontage where the towers give way to buildings of 13 to 100 homes: Foster + Partners, Cavalli, Four Seasons, Mr. C. One penthouse here changed hands for AED 183 million. 
Peninsula UAE Seven towers on the Dubai Canal promenade sharing one podium with pools and a gym, its own waterfront and retail at street level. Handed over — a rare case where a community can be seen in full rather than in renders. 
Mira Coral Bay UAE A beachfront resort community in Ras Al Khaimah: fourteen partner brands, two beach clubs and several five-star hotels inside one masterplan. 
Mira Ocean Estates Oman Nine hectares on the shore in Salalah: branded apartments and villas around a five-star hotel, a medical wellness centre and a private beach. 
Mira Verde Georgia Georgia's first branded master community: an 18-hole golf course, a European school and homes from 38 m² at an entry price well below Dubai's. 
Mira Hills UAE An AED 55bn master community between Dubai and Abu Dhabi where the first phase sells land: AED 325 per square foot, smallest plot AED 22m. 
Al Layan Oasis UAE A one-million-square-metre nature destination around a man-made lake: camping, dunes, 14 km of trails and a link to the Al Marmoom routes. No housing — it is an anchor for Dubai’s southern suburbs. 
Kalba UAE Sharjah on the other coast: the Hajar Mountains, the Khor Kalba mangroves and Gulf of Oman beaches. The emirate is turning Kalba into an eco-destination — retreats, a beach cluster and a rock art centre. From the daily off-market feed. Availability and price are confirmed on request.
All below-market listings →RAK Properties’ master development around a mangrove lagoon: 18 kilometres of shore, Anantara with overwater villas — and 62 live price cuts in our stock. The developer is RAK Properties, the location is Ras Al Khaimah. The mix of the project, its economics and how people enter it are broken down above on this page.
In short: Resort letting, Entry below Al Marjan, A working environment. At length — in the write-up above. The project is worth looking at against a specific job: living in it, letting it and reselling it point to different formats inside the same community.
A third of the supply is young Hayat Island, where an exit competes with RAK Properties’ new phases. Shore and phase move the price more than size does.
The form of ownership is checked on the specific project rather than on the country or the district as a whole: in the UAE freehold zones a foreigner takes full ownership, while some jurisdictions offer only a long leasehold. A remote purchase by power of attorney is ordinary practice. What exactly is being sold here and on what title I will confirm on request, together with current prices and the payment plan.
Send me your budget and what the purchase is for — I will come back with the current price list, the available units, and which of the stated figures need checking against the contract.
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