RAK Properties Expands Residential Portfolio with ENTA Launch

RAK Properties, the premier publicly listed developer in Ras Al Khaimah, has introduced its latest residential concept—ENTA MINA. Developed in collaboration with HIVE and A.R.M Holding, this new project reflects the company’s growing focus on innovative, design-led living spaces.

Introducing a Lifestyle-Centric Community

ENTA MINA will feature 119 uniquely designed apartments aimed at appealing to a new wave of homeowners and renters. More than just a place to live, the community is set to offer a holistic lifestyle experience, complete with a café, restaurant, hosting lounge, library, infrared sauna, plunge pools, outdoor social areas, and a co-working hub.

Designed for the Modern Urban Dweller

Created to accommodate today’s flexible, work-from-anywhere lifestyle, ENTA MINA supports a community-oriented and productivity-focused way of living. With HIVE’s design vision and RAK Properties’ development expertise, the project aims to foster an environment that blends comfort, creativity, and convenience.

Commenting, Sameh Muhtadi, Chief Executive Officer RAK Properties, said: “ENTA brings an entirely new demographic to Mina, and immediately changes the conversation around co-living spaces. This is a segment typically within the rental market, but with ENTA MINA, you can buy into that lifestyle – it’s exciting to be at the vanguard of a new movement. We have been working closely with the team at HIVE since we signed our partnership agreement with them to bring ENTA MINA to life which places community, and thoughtful design at the top of its product’s agenda.

“ENTA MINA will bring a younger demographic to live, work and play in Ras Al Khaimah. Targeted tenants are aged 25-35 years old and they will even have the flexibility to work from the beach if they so wish. The multiplier effect of this is clear – it gives a space where ideas can turn into enterprises, which in turn helps to grow the wider economy.”

Bass Ackermann, Founder of HIVE, elaborated by stating: “ENTA was born from watching HIVE tenants grow into homeowners - people who still wanted the feeling of what we created, but in a place they could truly call their own. It addresses a market need for ready-made but authentic community. ENTA aims to speak to a new kind of homeowner - someone who values design, function, and feeling in equal measure. It’s a brand grounded in creative integrity, but also built to perform, whether you’re living in it or investing in it.”

Strong Financial Start to 2025

In May 2025, RAK Properties reported strong Q1 financial performance, with significant year-on-year increases in both revenue and net profit. This growth highlights the developer’s solid operations and ongoing success in launching new projects.

Launch of Anantara Mina Residences

Adding to its expanding portfolio, RAK Properties began sales in April 2025 for the Anantara Mina Residences. This exclusive waterfront development on Hayat Island features 103 premium apartments and villas, further reinforcing the company’s commitment to luxury and lifestyle-driven communities.