Porto Playa
Hayat Island · Ellington Properties Development
Project factsheet
Photos and renders of the building and grounds — not of this particular unit.
Layouts and the handover date come from the sales-launch announcement; the date of that announcement is shown next to the prices. It is what the developer claimed at launch, not a registry record — off-plan, phasing and dates get revised. I will send the current ones over WhatsApp.
About the building
Located in Hayat Island, currently under construction. Developer — Ellington Properties Development.
Specifications for Porto Playa as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.
About the project
Porto Playa is a residential complex of several buildings in Hayat Island.
The developer is Ellington Properties Development.
Layouts, according to the sales-launch announcement — studios, 1, 2 and 3 bedrooms.
The database currently holds 1 lot in this project, from 1 660 000 AED; 1 of them priced below the market, the deepest discount 18%.
Ellington's first project in Ras Al Khaimah: the beachfront line of Hayat Island, its own beach, prices from $219,000 and a 50/50 payment plan.
Where it is
Hayat Island is built up with premium housing, and five-star resort hotels from international chains operate here too. The complex sits on the beachfront line and has its own beach.
Stated amenities: beach club, infinity pool, volleyball court, fitness club, yoga studio, barbecue area, playground and pool, mini golf, café, open-air cinema.
Formats and payment
On sale: studios, one-, two- and three-bedroom apartments, and duplexes. Prices started from $219,000.
Payment plan 50/50: half in instalments during construction, half on key handover. This structure allows an exit by assignment after paying in half the price.
The emirate's context
Ras Al Khaimah gained its own investment narrative once construction of the first casino resort in the Middle East was confirmed. After that announcement, developers began rolling out one project after another along the emirate's coastal locations.
The math here rests on growth in tourist arrivals and, correspondingly, in demand for short-term rentals. The 60–70% three-year yield figure quoted at launch belongs to the selling side.
Partner, timing and reservations
Porto Playa is a joint project between Ellington and RAK Properties. Expressions of interest were taken from mid-September 2023, starting at USD 5,445. Beyond the amenities above, the project listed yacht berths, a beach with shades and changing cabins, promenades and grocery shops; the future Wynn resort is about ten minutes away.
As of 2026, handover is stated for Q4 2026; Hayat Island lies within the Mina Al Arab waterfront district. According to Property Finder, the average one-bedroom price in the project over the 12 months to August 2026 was about USD 568,000 — a benchmark for resale offers.
Location, amenities, formats, starting price and payment plan come from the developer's materials at launch, 19 September 2023. The three-year yield estimate is from the same materials, and is the selling side's own estimate. RAK Properties partnership, EOI and amenities — announcements of September and October 2023; handover date and average one-bedroom price (Property Finder) — data as of May and August 2026.
Lots in this project — 1
A mortgage covers the final instalment
The final payment on this building falls in 2027 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppFrequently asked about Porto Playa
Who is the developer of Porto Playa?
Ellington Properties Development.
What layouts are there in Porto Playa?
Studios, 1-bedroom, 2-bedroom and 3-bedroom, according to the sales-launch announcement. Which sizes are actually free right now depends on what is on the market; I will send the current list.
How much does an apartment in Porto Playa cost?
The database currently holds 1 lot in this project, from 1 660 000 AED; 1 of them priced below the market, the deepest discount 18%. Prices in the base are live and update every day; ask for the current list for the building before deciding.
Where this project stands today
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
Ask a question
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