RAK Properties Launch Cape Hayat at Mina Al Arab in Ras Al Khaimah

Rak Properties, Ras Al Khaimah’s leading publicly listed property developer has announced the launch of Cape Hayat, 668 residential development offering, on Hayat Island in Mina Al Arab, Ras Al Khaimah.

Spread across an area of 22,854 sq m, Cape Hayat will comprise of four elegantly designed residential towers – two 20 stories high towers and two will be 9 stories. The development offers a range of studios, one and two-bedroom apartments, and luxury penthouses with panoramic views of the coastline.

A selection of apartments will be available for purchase to buyers of all nationalities, with public sales commencing on 22 and 23 September 2023 at Four Seasons Resort Dubai at Jumeirah Beach, the company said on Wednesday in a filing with Abu Dhabi Securities Exchange (ADX) where its shares are traded.

Luxury Amenities

Cape Hayat will host luxury amenities on the podium level such as swimming pools, a gym, landscape leisure deck area, a multi-purpose room, and a kids’ area, whilst the ground level will house a number of retail and F&B outlets facing the scenic seaside. Additionally, Cape Hayat residents will have direct access to the Hayat Island beach.

Nestled within the heart of Hayat Island on Mina Al Arab, Cape Hayat embodies modern design and natural beauty, making it a landmark in luxury coastal residences. Cape Hayat is a curated collection of apartments, ranging from chic studio, 1- and 2-bedroom apartments to lavish 4-bedroom penthouses.

Every window opens to enchanting views, be it the serene mangroves, the expansive ocean, the tranquil canal, or the majestic mountains. Designed to combine the best of aesthetics and functionality, Cape Hayat provides state-of-the-art amenities and select retail – curated to cater to those who desire a lifestyle that combines everyday living with a holiday atmosphere.

To Meet High Demand

Sameh Muhtadi, CEO, RAK Properties, said that the company was launching Cape Hayat to cater to the significant demand for quality homes in prime destinations in Ras Al Khaimah.

“We have witnessed increased investor sentiment for premium homes that embody the epitome of luxury and elegance, underscoring the untapped potential and allure of this segment. We hope this positive sentiment continues as market fundamentals and economy are strong and we will continue to tap into demand,” he added.

Aligned with the RAK Energy Efficiency and Renewable Energy Strategy 2040, Cape Hayat will be built in accordance with the Barjeel Green Initiatives. The development will focus on integrating nature into the communal areas, responsibly using scarce water resources, and saving energy across the four towers.

About RAK Properties

Founded in 2005 by the vision of H H Sheikh Saud Bin Sagr Al Qasimi, Ruler of Ras Al Khaimah, with share capital of $540 million, RAK Properties has successfully developed more than 3,000 residential units, 372,000 sft of office space and 260,000 sft of retail projects.