Market Report

Phase one of Cape Hayat by RAK Properties sold out in record time

December 5, 2023
Situated in Ras Al Khaimah, Cape Hayat presents a selection of opulent residential apartments boasting direct beach access and sweeping panoramic views of the Arabian Gulf and Hajar Mountains.

RAK Properties PJSC, publicly traded on the Abu Dhabi Securities Exchange (ADX) as RAKPROP, has announced a significant milestone in the real estate sector.

In a remarkable feat, the inaugural phase of Cape Hayat, an upscale residential project located on Hayat Island, Mina Al Arab, was completely sold out on its launch day.

Discover the opulence of Cape Hayat's coastal living

Cape Hayat boasts an array of lavish residential apartments, featuring direct beach access and sweeping views encompassing the Arabian Gulf and Hajar Mountains.

The development offers access to renowned five-star hospitality brands, such as the InterContinental Mina Al Arab Resort, Anantara Mina Al Arab Ras Al Khaimah Resort, and the recently revealed Nikki Beach Resort & Spa.

James Marsh, Chief Development Officer of RAK Properties, expressed satisfaction with the global demand for Cape Hayat. Marsh emphasized the unique appeal of Mina Al Arab as a waterfront haven with stunning views and top-notch amenities. He affirmed the company's commitment to introducing products that capitalize on Mina Al Arab's unparalleled location, enriching the experience for both residents and visitors.

Spanning 22,854 square meters, Cape Hayat comprises four residential towers—two towering at 20 stories and two at 9 stories.

Every unit is meticulously crafted to offer spacious living and awe-inspiring coastal panoramas.

For prospective buyers interested in Mina Al Arab units, RAK Properties has streamlined the inquiry process through its website or by contacting the sales center via a toll-free number or email.

Established in 2005 under the visionary leadership of Sheikh Saud Bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah, RAK Properties stands as a leading real estate developer dedicated to constructing extraordinary and sustainable communities.

Their commitment aligns with RAK Vision 2030, seeking to contribute economic, social, and environmental value while enriching lives and the narrative of Ras Al Khaimah.

Got any questions or looking to invest? Here’s how we can help…

➤ Book a 15-minute consultation here

➤ View our latest projects here 

➤ Send us a WhatsApp message here

➤ Call us on +971 4 494 3874

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