Rasel Khaimah: “Gulf”

RAK Properties announced that it has signed an agreement with Ellington Properties to develop a waterfront residential project at Hayat Island in Mina Al Arab, a unique residential area of ​​Ras Al Khaimah.

This partnership marks Ellington Properties’ foray into Ras Al Khaimah with an exclusive residential project that offers a new perspective on luxury living with a beach view. The project will feature high-end restaurants, amenities and world-class fitness facilities.

The partnership with Ellington Properties is a key part of RAK Properties’ strategy to form joint ventures with key local and international developers. It seeks to capitalize on the growing demand for luxury real estate. This joint project supports the vision of the Emirate of Ras Al Khaimah, and reflects its objectives aimed at promoting the sustainable economic development of the Emirate.

Sameh Al Muhdadi, Chief Executive Officer of Ras Al Khaimah Real Estate Company, said: Ras Al Khaimah is a sustainable tourist destination in the UAE. As it attracts the attention of international and local investors and tourists; Because of the exceptional value it offers and an attractive environment. At Mina Al Arab, we are creating an exceptional destination in the heart of Ras Al Khaimah, and our partnership with Ellington naturally aligns with this vision to bring the best of amenities to the island; We always look forward to collaborating with the best developers to create homes and experiences that create a luxurious lifestyle in Ras Al Khaimah’s most exclusive residential area, Mina Al Arab.

For his part, Robert Booth, co-founder and managing director of Ellington Properties, said: “We look forward to developing our first project in Ras Al Khaimah and working with RAK ​​Properties. Our expansion in this emirate is part of our strategy as a real estate development company, which will meet the growing demand for unique projects. Seeking to complement and provide residents with high-quality residential spaces, the project will contribute to providing a variety of lifestyles that add further luxury to the unique living experiences Hyatt Island offers to its residents.

The project is part of the wider RAK Properties Master Plan for Hyatt Island; It offers luxury shopping, dining, retail and entertainment facilities and “Angel Bay”, a unique outdoor retreat in Ras Al Khaimah. “Angel Bay” is set to become one of the defining elements of Hyatt Island.