RAK Properties Unveils Mina Masterplan & AED 5 Billion Development Pipeline
Mina continues to set the standard for authentic island living, sustainable development, connectivity and unparalleled community.
RAK Properties, the leading publicly listed property developer in Ras Al Khaimah, is gearing up for a transformative year in 2025. The company has unveiled exciting updates on its flagship masterplan, Mina, which stands as the premier island lifestyle destination in the Emirate.
Mina: A Visionary Island Destination
Spanning 4 million square meters, Mina is strategically located along Ras Al Khaimah’s pristine coastline, offering easy access to the Emirate’s key economic hubs. Divided into three distinct districts—Raha Island, Hayat Island, and Lagoons—Mina is designed to redefine island living. This AED 5 billion GDV (Gross Development Value) project for 2025 is central to RAK Properties’ ambitious growth strategy. Mina’s development focuses on sustainable practices, seamless connectivity, and fostering a vibrant community, setting a new standard for coastal living.
Upcoming Launch: Mirasol on Raha Island
The first major project within Mina for 2025 is Mirasol, located on Raha Island. This resort-inspired residential development will feature a unique dining experience in collaboration with Michelin-starred Spanish chef Vicente Torres. Mirasol promises to deliver luxury living combined with world-class amenities.
Sameh Muhtadi, CEO of RAK Properties said: “We are proud to unveil Mina – our vision for the future in Ras Al Khaimah. Thriving community, exceptional experiences, a people first emphasis on design, and world class partners are the cornerstones for this vision.
“The launch of Mirasol is a key component of our AED 5 billion 2025 residential development launch pipeline. Combining this with our plans to create new amenities within Mina – the yacht club, wharf, marina boulevard, and multiple beach clubs – our transformation agenda is clear for everyone to see. With this active programme of new product launches as well as completions and handovers - we look forward to welcoming more and more customers into Ras Al Khaimah to enjoy some of the very best hospitality and residential experiences on offer in the UAE.”
Enhancing Mina’s Appeal
Mina is rapidly becoming a magnet for residents, tourists, and investors alike, thanks to its cutting-edge amenities. Key highlights include the Mina Yacht Club and Mina Wharf, which are designed to accommodate luxury motor yachts and sailboats. These features leverage the UAE’s favourable sailing conditions, activating Mina’s waterfront and adding to its charm. Connecting these attractions is Mina Boulevard, a dynamic shopping and dining destination that transforms Raha Island into a lively social hub. With 137 retail outlets spread across 23,000 sqm of leasable space, Mina offers a mix of community and destination retail experiences.
Luxury Residences and Hospitality
Mina offers a diverse range of luxury residences, from waterfront villas to branded apartments, all designed to provide easy access to pristine beaches and lush green spaces. Highlights include the ultra-luxury NB Collection and two operational hotels: InterContinental Ras Al Khaimah Mina Resort & Spa and Anantara Mina Ras Al Khaimah Resort. Adding to its hospitality portfolio, RAK Properties plans to announce new luxury hotel partnerships soon, further enhancing Mina’s appeal as a premier destination.
Lifestyle and Community
Mina is more than just a residential development; it’s a lifestyle hub. Residents and visitors can enjoy beach clubs, fine dining restaurants, and casual cafes, all within walking distance. These spaces are designed to foster a sense of community while offering ample opportunities for relaxation and recreation.
Sustainability at the Core
Sustainability is a cornerstone of Mina’s design. The development emphasizes eco-friendly construction practices and the preservation of natural surroundings, including mangrove forests and lush greenery. A car-free lifestyle is encouraged, with infrastructure that prioritizes accessibility and environmental preservation.
Investment Opportunities
For investors, Mina presents a compelling opportunity in Ras Al Khaimah’s growing real estate market. Whether for permanent residences, holiday homes, or high-return investments, Mina’s strategic location and the Emirate’s thriving economy make it an attractive choice.
Mirasol: Redefining Resort-Style Living
Scheduled for handover in the first half of 2028, Mirasol is set to elevate the standard of resort-style living. This two-tower development features 339 units, including studios, apartments, and duplexes, all offering stunning views and easy access to Mina’s amenities.
The central podium at Mirasol will host an oasis-style swimming pool, open-air cinema, yoga studio, children’s play area, and a lounge bar. The project also boasts a signature restaurant by Michelin-starred chef Vicente Torres, offering a culinary experience inspired by his Ibiza roots.
Mirasol marks the beginning of RAK Properties’ ambitious 2025 development pipeline. With construction progressing rapidly across all active projects, the company anticipates one of its busiest handover periods yet, solidifying its position as a leader in the region’s real estate market.
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