Following the announcement of RAK Properties’ AED 5 billion GDV pipeline for 2025 at an event earlier this month, Mirasol attracted a lot of attention from customers.
RAK Properties’ latest property, Mirasol, has sold out its first phase. In Ras Al Khaimah, RAK Properties is the leading publicly traded real estate developer. Following the announcement of RAK Properties’ AED 5 billion GDV pipeline for 2025 at an event earlier this month, Mirasol attracted a lot of attention from customers.
According to Sameh Muhtadi, CEO of RAK Properties, the exceptional demand for Mirasol demonstrates the growing trust in Ras Al Khaimah’s real estate market and underscores the company’s dedication to creating world-class communities.
Buyers are particularly eager to participate in the Mina story, which is our flagship destination and the main focus of our expansion and transformation plan for the upcoming years. In 2025, Mirasol will be the first of several new communities to be established within Mina. We anticipate launching a wide range of items to satisfy the demands and preferences of our growing number of investors and end users.
“As we continue to influence the future of coastal living in the United Arab Emirates, we are excited to build strong momentum within Mina and are proud to begin our twentieth anniversary year in style.”
With 339 units that include a variety of studios, flats, and duplexes, Mirasol is expected to be completed by the first half of 2028. The two-tower community, which will be anchored by a central podium, will have a lounge bar, open-air movie theater, yoga studio, kids’ play area, splash pool, and oasis-style swimming pool with sunken beds.
In keeping with Mirasol’s resort-inspired posture, a restaurant is also being constructed in collaboration with renowned Spanish chef Vicente Torres, an Ibiza native and Michelin star.
As part of an ambitious development launch pipeline, RAK Properties’ first project in 2025 will be Mirasol. All ongoing projects are seeing quick construction progress, and as the company marks its 20th anniversary, one of its busiest handover periods is anticipated this year.
Mina wants to reinvent island living by putting an emphasis on community, sustainability, and connectivity. The most recent revisions to the masterplan usher in a new era for investors looking to take advantage of the growing real estate market in Ras Al Khaimah. These developments offer appealing choices for those seeking high-return investments, vacation homes, or permanent residences, all of which are bolstered by the city’s advantageous location and burgeoning economy.
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