- Second phase of Bay Residences has completely sold-out prompting company to release additional tower.
- Sales to launch for fourth tower to meet extremely strong demand for beachfront properties in Ras Al Khaimah.
Ras Al Khaimah, 17 March 2023
RAK Properties, the leading real estate developer in Ras Al Khaimah, launches additional tower at its exclusive beachfront community Bay Residences, located on the prestigious Hayat Island. The release of the fourth tower comes after the success of sales at the second phase and follows a huge surge in interest for beachfront properties in the emirate.
The state-of-the-art development is located on the idyllic Hayat Island near the InterContinental Mina Al Arab Resort & Spa and the Anantara Mina Al Arab Resort. Bay Residences comprises of 324 beachfront apartments, ranging from studios to three-bedroom units, across four towers.
Residents will have access to best-in-class amenities including swimming pools, playgrounds, retail stores, food and beverage outlets, and gyms, in addition to scenic pedestrian paths, parks, and beautifully landscaped open green spaces. The community is also in proximity to Hayat Island’s waterfront promenade, featuring seafront dining, retail outlets and cycling paths.
Sameh Al Muhtadi, CEO of RAK Properties, said: “The launch of our fourth tower is testament to the high level of trust that the public places in RAK Properties and its ability to provide superior living experiences. We are witnessing extremely high levels of demand and are dedicated to delivering the highest-quality communities that address the evolving needs of this rapidly growing market. With piling works well underway, Bay Residences will provide exclusive beach-front living, complete with high-end retail and leisure facilities. We look forward to announcing further developments to our expanding portfolio very soon.”
RAK Properties PJSC is the largest listed property developer in Ras Al Khaimah. Established in 2005, the company has successfully developed more than 3,000 residential units, 372,000 sq. ft. of office space and 260,000 sq. ft. of retail.
