Ras Al Khaimah Properties Sells the First Phase of the “Mirasol” Project

RAK Properties has announced the sale of the first phase of its luxury residential project, Mirasol, after the project witnessed great demand from customers since its announcement at a special event held earlier this month, where the company showcased its ambitious plan for 2025, estimated at AED 5 billion.

Sameh Muhtadi, CEO of RAK Properties, said: “The exceptional demand for Mirasol reflects the growing confidence in the real estate market in the Emirate of Ras Al Khaimah, and reflects our commitment to providing world-class residential communities. We are seeing real interest from buyers who want to live exceptional experiences within a vibrant community in the Mina destination. Mirasol is the first of a number of new communities that will be launched during 2025, and we look forward to offering a variety of projects that meet the needs and expectations of our growing customer base of investors.” The Mirasol project consists of 339 residential units including studios, apartments and duplexes, and the units are scheduled for delivery in the first half of 2028.

Mina aims to redefine coastal living by focusing on creating a vibrant community that offers exceptional experiences. The project’s updated masterplan also offers attractive opportunities for investors seeking lucrative returns, as well as ideal options for permanent residence or holiday home ownership. With Ras Al Khaimah’s growing economy and strategic location, Mina continues to attract the interest of investors and customers looking to capitalize on the promising potential of the emirate’s real estate market.

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