RAK Properties has announced a new luxury development, Raha Island, in Ras Al Khaimah’s Mina Al Arab.
RAHA ISLAND – Keyspace Realty
The development looks to embody “luxury island living” for those seeking an ultimate island lifestyle experience within a tranquil landscape in Ras Al Khaimah
Ras Al Khaimah has introduced another island destination, capitalizing on the ongoing real estate boom centered around luxury hotels and serviced residences.
RAK Properties, the master developer, is supporting the Raha Island project in Mina Al Arab, which will feature extensive retail spaces, marinas, beach clubs, and various leisure options.
A NEW ISLAND MAGNET FOR HOTELS
Three 5-star hotel brands have already confirmed plans for locations on Raha Island
Since last year, there have been multiple luxury focused launches, with Emaar bringing in its Address brand and Aldar launching a Nikki Beach project. In addition, there are the many hotel projects, including the flagship Wynn development on Al Marjan Island.
Heavy investments have been flowing into Al Marjan Island, with the first of these landmark projects likely to open in the next 3 years. Under the circumstances, RAK Properties’ decision to launch Raha Island comes across as timely, creating another focal point for investors.
Raha Island will help add to Ras Al Khaimah’s hospitality and lifestyle experience mix. Three hotels have already confirmed being part of the destination.
Raha Island will include over 2.5 kilometres of ‘accessible public beaches’.
As for the new marinas on the island, they will be the ‘perfect launching point for water sports and adventures, or simply a relaxed day out on the water’. A water transit will offer connectivity across Mina Al Arab, ‘providing residents and visitors the ability to explore local attractions or catch the hydrofoil to other Emirates to the south’.
