What is for sale
An entire residential floor in Bay Views, the RAK Properties beachfront building on Hayat Island, Mina Al Arab, Ras Al Khaimah. Twelve residences, 9,364 square feet in total, sold together to one buyer in a single transaction. Every residence faces open water. The building is complete and handed over: this is ready stock, not a launch.
Income, stated honestly
Current asking rents in the building and its immediate neighbours run at roughly AED 65,000 to 70,000 a year for a one-bedroom and about AED 110,000 for a two-bedroom. On the nine one- and two-bedroom residences alone that is roughly AED 720,000 to 750,000 a year, about 4.4% gross on the AED 16,200,000 price before the three studios are let. Service charges are about AED 12 per sqft per year. These are indicative figures from current listings, not a guarantee, and we will walk you through the actual tenancy position unit by unit.
Why this floor, why now
- Price position. AED 1,730 per sqft for direct-sea-view beachfront, where comparable Dubai Marina beachfront trades above AED 3,200 per sqft, and Al Marjan Island luxury launches are reported at AED 2,500 to 4,000 per sqft.
- Timing. Wynn Al Marjan Island, the UAE's first licensed integrated casino resort, is scheduled to open in 2027, fifteen minutes away. Part of that expectation is already in prices; the rest is the upside case, not the base case.
- Ready, not promised. The building is handed over. Income can start at transfer. No construction risk, no handover date to wait for.
- Control. One owner holds the whole floor: rent it as twelve units, hold it as one asset, or exit unit by unit later. That optionality is rarely available in a finished beachfront building.
- Freehold and visa-eligible. Hayat Island is a designated freehold zone open to all nationalities, and a purchase of this size qualifies for the UAE Golden Visa.
- Developer. RAK Properties, listed on the Abu Dhabi Securities Exchange, the master developer of Mina Al Arab.
What we will not tell you
We will not promise that prices rise when Wynn opens, quote per-unit prices for a floor that is sold as one lot, or dress a 4.4% gross yield up as something higher. Underwrite on today's rents. If the numbers work for you at that level, the Wynn opening is upside.
Floor plan
How the purchase works
- Viewing on site, or a live video walk-through if you are abroad.
- Offer and reservation, then Sale and Purchase Agreement with the seller.
- Full payment and transfer at the Ras Al Khaimah land department; Golden Visa application can follow the title deed.
- We are the listing agent. You deal with us directly: no intermediaries, no split arrangements.
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We send the one-page PDF with the floor plan and current rent schedule, and answer questions the same day.
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