In 2014, RAK Properties commissioned RAK Tower, a 28-storey mixed-use development in Al Seer, Ras Al Khaimah.
Exhibition halls, fitness centers, and hypermarkets are located on the ground floor. Over 300 residential units, including studios and one- to three-bedroom apartments, are located on the remaining floors. Two or three parking spaces are available for property owners in the building, and additional parking is available on the street.
Commercial, residential, and government buildings make up Al Seer, which is partially located along the coast.
Rents at RAK Tower range from AED 15,000 (USD 4,000) to AED 32,000 (USD 9,000), and units have an estimated payback period of 15 to 20 years.
*Prices are valid for 2021