What is Bay Views, Hayat Island?

Bay Views is a limited release of 12 waterfront residences on Hayat Island, Ras Al Khaimah, at AED 1,730/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 1,730 per sqft — AED 16,200,000 for the full floor of 9,364 sqft. The 12 residences are sold together as one transaction, not individually. 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 on floor 9, 9,364 sqft combined, offered as one full-floor transaction. 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 in September 2027 (Wynn Resorts, 4 August 2026).

Is Bay Views eligible for the UAE Golden Visa?

Yes. Property of AED 2,000,000 and above qualifies for the UAE 10-year Golden Visa, covering the buyer and immediate family; the AED 16,200,000 full-floor purchase exceeds that threshold.

What is the expected rental yield at Bay Views?

About 4.4% gross on the AED 16,200,000 floor from sourced Hayat Island rents (one-bed AED 65,000–70,000, two-bed about AED 110,000). Net depends on the service charge (about AED 12 per sqft a year), furnishing and management. We do not publish projected yields.

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 commission for Bay Views?

10% of gross transaction value. On the full AED 16,200,000 allocation, this represents AED 1,620,000. 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

Full floor — one transaction	AED 16,200,000
Total size (12 residences)	9,364 sqft
Price per sqft	AED 1,730
Sold individually?	No — full floor only
Dubai Marina, registered median (DLD, 90 days to 25 Oct 2026)	AED 1,993/sqft
Palm Jumeirah (comparable)	AED 4,500/sqft
Bay Views floor vs that Dubai Marina median	AED 1,730/sqft, 13% lower

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	Handed over, ready now (completed 31 Aug 2026)

Location & Proximity

Island	Hayat Island, Mina Al Arab
Emirate	Ras Al Khaimah (RAK), UAE
Wynn Al Marjan Casino	~15 minutes (7 km)
Wynn opening	September 2027
RAK International Airport	~25 minutes
Dubai (DXB)	About an hour by road, traffic-dependent
Abu Dhabi	~90 minutes
Beach access	Direct — waterfront

Investment Metrics

Gross yield, whole floor	≈4.4% on AED 16,200,000 (sourced rents)
Golden Visa eligible	Yes — full floor AED 16,200,000 (threshold AED 2,000,000)
Golden Visa residency	10 years, buyer + immediate family
Wynn Al Marjan opening	September 2027 (Wynn Resorts, 4 Aug 2026) — no price forecast published
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
Direct commission	10% of transaction value
Direct commission on full allocation	AED 1,620,000
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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