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Bay Residences

WHY INVEST IN RAS AL KHAIMAH?

Ras Al Khaimah is one of the fastest-growing tourism, investment, and lifestyle destinations in the region, welcoming investors from around the world. With one of the largest economic zones that is home to more than 45,000 companies, Ras Al Khaimah offers 100 per cent ownership of firms and zero income tax – making it an attractive and compelling destination for businesses.

Investment opportunities across the hospitality sector include hotels, state-of-the-art convention facilities, luxury retail outlets and fine dining experiences. The Emirate is currently houses a number of hotels – from luxurious beach resorts to city centre properties, boasting more than 8000 keys. World-class hotels and resorts include properties such as Waldorf Astoria, Hilton, Rixos, Ritz-Carlton Al Hamra Beach, as well as the world’s largest Hampton by Hilton and the recently opened Mövenpick Resort Al Marjan Island with 420 hotel keys and direct sea views. At the beginning of 2022, Marjan and RAK Hospitality Holding announced its partnership with Wynn Resorts to open a multi-billion- dollar integrated resort development on Ras Al Khaimah’s Al Marjan Island.

Investing in Mina al Arab real estate in Ras Al Khaimah is a good idea. The municipality is constantly developing and its booming property market offers many opportunities for investment returns. Prices are rising, which means that those who invest early can benefit from exponential growth in their investments. Combined with its strategic location and quality infrastructure, Mina Al Arab is undoubtedly one of the best development projects available to investors in the UAE.

LOCATION:

Bay Residence is part of a mega-resort in Mina al Arab, emirate of Ras Al Khaimah.

IMEX Real Estate specialists will always help you buy an apartment in this or any other project in Dubai and other Emirates. Contact us via WhatsApp +971(50)5006869, and our online brokers will quickly find you exactly what you need.

Mina Al Arab, a waterfront property hotspot in Ras Al Khaimah, offers luxury living at its best! The Mina Al Arab properties are located in a beautiful natural area, surrounded by wetlands and lots of greenery. They are only 45 minutes away from Dubai International Airport, making them easy to reach. The development has been designed with nature in mind so that residents can enjoy the best of nature. The Mina Al Arab properties are connected to various other communities and facilities via the E11 highway, making them easily accessible. For those who enjoy outdoor activities, there are many nature trails nearby that can be used for activities such as hiking, jogging or cycling. The community offers a lot of privacy due to security surveillance at the entrances and is a popular residential area for both living and investing, which is becoming increasingly popular.

ABOUT THE DEVELOPER:

RAK Properties is a leading real estate developer committed to producing exceptional and sustainable destinations.

Specialising in contemporary and meticulously crafted communities, RAK Properties integrates excellence, innovation, and nature to create enriching lifestyles in alignment with the aspirations of tomorrow’s people.

The developer plays a pivotal role in achieving RAK Vision 2030, focusing on delivering economic, social, and environmental value, all aimed at enhancing lives and places, and contributing to the growing narrative of Ras Al Khaimah.

ABOUT THE PROJECT:

The Bay Residences is on the prestigious Hayat Island of the Mina Al Arab, with the best-in-class amenities the region has to offer, superb beach views, and the breathtaking expanse of the Arabian Gulf.

The prestigious InterContinental Mina Al Arab Resort is located on Hayat Island, with 350 guest rooms and suites, as well as dazzling facilities that include a health club, spa, two swimming pools, fitness centre, and a selection of restaurants.

Hayat island features exciting water aspects, a fantastic waterfront promenade, seafront dining and retail, scenic cycle and pedestrian paths, all revolving around a prime position and spectacular vistas that surrounds it.

Mina Al Arab in the city of Ras Al Khaimah has become one of the most sought-after residential areas in the region. Its main advantage is the presence of beautiful waterfront properties with plenty of privacy, making it a desirable residential area. Not to mention that there are many amenities nearby, giving residents access to all the necessary services and facilities such as schools and health centres. For families as well as those who want to be close to nature, the plots in Mina al Arab are an ideal residential opportunity where one can spend the afternoons with a magnificent view of nature.

AMENITIES AND FACILITIES:

The Mina Al Arab properties in Ras Al Khaimah offer the perfect place to stay fit and active. For children, there are numerous outdoor play areas that turn the area into a kid’s paradise. Couples can picnic under the gazebos during the day and then relax in one of the many spa areas nearby. There is also a Gold Gym for those looking to increase their fitness levels, as well as numerous water sports, rugby, football and tennis courts for those who like more traditional sports activities. All these amenities make the Mina Al Arab an ideal place to stay healthy and active during your stay!

·       Dining Outlets

·       Green Surrounding

·       Gymnasium

·       Kids Play Area

·       Restaurants

·       Retail Outlets

·       Supermarket

·       Swimming Pool

·       Parking Space

·       Crystal Lagoons

·       Beach Access

·       Clubhouse

·       Indoor Games

·       Sports Courts

·       Picnic Spots

·       Harbour and Bermuda

·       Resorts and Spa

PAYMENT PLAN:

RAK Properties offers buyers in Bay Residences a 5 (40/60) and 3 (40/60) years post-handover payment plans with completion scheduled for march 2025. Booking needs only 5% installment.

IMEX Real Estate stays your reliable guide in the sphere of the USE’s real estate. Our contacts:

Tel.: +971(50)5006869 (Whatsapp, Viber, Telegram)

IMEX REAL ESTATE BROKER LLC

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: property@imexre.com

SALE
2,800,000
Ref.No: imex-0111113
2BR Apt
1,840 ft2
1,521 AED/ft2
Floor: 6
SALE
1,600,000
Ref.No: imex-0111112
1BR Apt
894 ft2
1,789 AED/ft2
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Call management
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management