Overview

Property Description

RAK Properties developed Gateway Residence II in the Mina Al Arab community of Ras Al Khaimah. The apartments range from one to two bedrooms and feature panoramic windows and spacious balconies with stunning views of the emirate. Sizes range from 923 square feet (86 square meters) to 1,840 square feet (171 square meters), and prices range from AED 700,000 (USD 191,000) to AED 1,450,000 (USD 394,000). *Prices are valid for 2021 In addition to its location near the coast, Gateway Residence II attracts investors from around the world with a 6.5% return on investment. An apartment's annual rental rate ranges from AED 42,500 (USD 12,000) to AED 70,000 (USD 19,000), and its payback period is 14 to 18 years.

Location