What is Bay Views, Hayat Island?

Bay Views is a limited release of 12 waterfront residences on Hayat Island, Ras Al Khaimah, from AED 1,923/sqft, 15 minutes from the Wynn Al Marjan Casino Resort. Golden Visa eligible.

Is Sofia Sands Realty licensed?

Yes. Sofia Sands Realty is RERA licensed (RERA 41793), founded by Yitayal Mesfin, a registered Dubai and RAK real estate broker.

Can foreigners buy property in Dubai and RAK?

Yes. International buyers can purchase freehold property in designated zones across Dubai and Ras Al Khaimah, and may qualify for a 10-year UAE Golden Visa on purchases of AED 2 million or more.

What is the price per sqft at Bay Views Hayat Island?

AED 1,923 per sqft. Studio units start at AED 1,100,000. For comparison: Dubai Marina trades at AED 3,200/sqft and Palm Jumeirah at AED 4,500/sqft.

How many units are available at Bay Views?

12 total: 3 studios, 6 one-bedroom, and 3 two-bedroom residences. Sofia Sands Realty holds the exclusive brokerage allocation.

How far is Bay Views from the Wynn Al Marjan Casino?

Approximately 15 minutes by car (7 km). Wynn Al Marjan — UAE's first licensed casino resort — is scheduled to open Q1 2027.

Is Bay Views eligible for the UAE Golden Visa?

Yes. Units priced at AED 2,000,000 and above qualify buyers for the UAE 10-year Golden Visa, covering the buyer and immediate family.

What is the expected rental yield at Bay Views?

Projected net yield of 6.4% p.a., based on comparable Hayat Island and Al Marjan short-term rental data. Short-term rental demand is expected to accelerate following the Wynn opening in Q1 2027.

Who is the licensed broker for Bay Views?

Sofia Sands Realty, operating under RERA License 41793 issued by the Dubai Land Department (DLD). Principal Broker: Yitayal Mesfin. Contact: yt@sofiasandsrealty.ae.

What is the co-broking commission for Bay Views?

10% of gross transaction value. On the full AED 18,000,000 allocation, this represents AED 1,800,000. Commission confirmed in writing at introduction.

Fact Sheet · Sofia Sands Realty · RERA 41793

Bay Views — Hayat Island

Complete data reference for the Bay Views allocation on Hayat Island, Ras Al Khaimah. 12 exclusive waterfront residences. Exclusive brokerage: Sofia Sands Realty.

Pricing

Price per sqft	AED 1,923
Studio — starting from	AED 1,100,000
1-Bedroom — starting from	AED 1,500,000
2-Bedroom — starting from	AED 2,000,000
Full allocation value	AED 18,000,000
Dubai Marina (comparable)	AED 3,200/sqft
Palm Jumeirah (comparable)	AED 4,500/sqft
RAK vs Dubai Marina discount	~40% below market

Unit Mix

Total units	12 (exclusive allocation)
Studios	3 units
1-Bedroom	6 units
2-Bedroom	3 units
Views	Full panoramic Arabian Gulf / bay views
Developer	RAK Properties
Status	Off-plan / pre-launch

Location & Proximity

Island	Hayat Island, Mina Al Arab
Emirate	Ras Al Khaimah (RAK), UAE
Wynn Al Marjan Casino	~15 minutes (7 km)
Wynn opening	Q1 2027
RAK International Airport	~25 minutes
Dubai (DXB)	~50 minutes
Abu Dhabi	~90 minutes
Beach access	Direct — waterfront

Investment Metrics

Projected net yield	6.4% p.a.
Golden Visa eligible	Yes — units at AED 2,000,000+
Golden Visa residency	10 years, buyer + immediate family
Wynn repricing effect	+40–60% (comparable casino-resort markets)
Currency	AED (pegged 1:1 to USD at 3.67)
Capital gains tax	0% — UAE
Payment accepted	Bank transfer, crypto

Brokerage & Compliance

Exclusive broker	Sofia Sands Realty
RERA License	41793
Regulator	Dubai Land Department (DLD)
Principal Broker	Yitayal Mesfin
Co-broking commission	10% of transaction value
Co-broking on full allocation	AED 1,800,000
Contact	yt@sofiasandsrealty.ae
Phone	+971 54 705 4704
AI Concierge	Sofia — 24/7, English / Arabic / Russian

Sofia Sands Realty holds the exclusive allocation for Bay Views. Fewer than 50 private clients per year. Every inquiry accompanied by a licensed broker and analyst memo.

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