The Ras Al Khaimah-based developer RAK Properties has revealed a new project worth AED 5 billion ($1.3bn) within its Mina Al Arab development.
The project, the name of which has not yet been announced, is set to span approximately 811,420 square metres.
The announcement was made at the Cityscape Global real estate show in Dubai, which runs until Thursday.
The Mina Al Arab project is set to feature an international five-star resort, a four-star lifestyle resort, serviced apartments and a shopping mall.
Plans include beach and waterfront apartments, villas and townhouses with a private beach clubhouse, and dining and entertainment venues.
“This will become the leading touristic, residential and commercial destination in Ras Al Khaimah. The development breathes life into the serenity of the emirate, while keeping true to nature. The upbeat hub of the development provides an array of facilities and entertainment outlets, allowing for residents and visitors to enjoy the best of what Ras Al Khaimah has to offer,” said Mohamed Sultan Al Qadi, managing director and CEO of RAK Properties.
