Overview

Property Description

RAK Properties' Southbay, Bay Residences are the next phase of the elite Bay Residences on Hayat Island, Mina Al Arab, which was built by RAK Properties. In addition to seafront studios and 1–3 bedroom apartments, buyers can also choose from 3-bedroom duplexes with endless ocean views. There is a wide range of property sizes in Southbay, Bay Residences, ranging from 366 square feet to 3,638 square feet. A 1-bedroom apartment in Southbay, Bay Residences costs AED 752K (USD 205K), while a duplex costs AED 3.9M (USD 1.08M). *Prices are valid for 2023 The Bay Residences will be located in Southbay along Al Nakheel Blvd, just minutes from Sheikh Mohammed Bin Salem Road. In less than 25 minutes, residents will be able to reach Ras Al Khaimah International Airport and other desired destinations. RAK Properties is also developing Marbella Villas II adjacent to the project. With Bay Residences in Southbay, you'll be able to live in a vibrant seaside community surrounded by some of the most luxurious resorts in the emirate. There is the Intercontinental Mina Al Arab Resort, which has a spa, health club, and swimming pool, as well as the Anantara Mina Al Arab Ras Al Khaimah Resort. In 2023, it will open with a signature Anantara Spa, a tennis court, four restaurants, and more. You may be interested in buying a property in Southbay, Bay Residences if you learn that the average ROI in Mina Al Arab is 6%. Starting rent for this type of property is AED 27K (USD 7K) per year. In addition to providing a passive income, Metropolitan Premium Properties offers a property management service, allowing you to avoid landlordship duties. Investing at least AED 2M (USD 545K) in real estate in Ras Al Khaimah qualifies you for a 10-year Golden Visa. One of its benefits is the possibility to relocate your spouse and children.

Location