RAK Properties has launched Raha Island in Mina Al Arab, a luxury development featuring retail spaces, marinas, beach clubs, and leisure options. This aligns with a regional real estate boom highlighted by projects like Emaar's Address and Aldar's Nikki Beach. Raha Island will offer 2.5 km of public beaches and a water transit system. It aims to enhance Al Khaimah's appeal for luxury living and tourism, contributing to the emirate's strategy to attract diverse investors and visitors.
Al Khaimah has launched a new island destination, tapping into the ongoing real estate boom centred around luxury hotels and serviced residences. The master developer, RAK Properties, is spearheading the 'Raha Island' project in Mina Al Arab. This project will feature extensive retail space, marinas, beach clubs, and various leisure options.
The past year has seen numerous luxury launches in the region. Emaar has introduced its Address brand, and Aldar has launched a Nikki Beach project. Additionally, many hotel projects are underway, including the flagship Wynn development on Al Marjan Island.
Significant investments have been directed toward Al Marjan Island, with the first major projects expected to open within the next three years. Given this context, RAK Properties' decision to launch Raha Island appears timely, providing another focal point for investors.
Raha Island will boast over 2.5 kilometres of accessible public beaches. The new marinas on the island are designed to be perfect starting points for water sports and adventures or simply for a relaxed day out on the water. A water transit system will offer connectivity across Mina Al Arab, allowing residents and visitors to explore local attractions or catch the hydrofoil to other Emirates to the south.
RAK Properties aims to create a vibrant community on Raha Island. The development will feature a blend of residential units, luxury hotels, and serviced residences. The extensive retail space will cater to a wide range of shopping and dining preferences, while the beach clubs and leisure options will provide ample opportunities for relaxation and recreation.
Raha Island is part of a broader strategy to enhance the appeal of Al Khaimah as a premier destination for luxury living and tourism. The emirate seeks to attract a diverse group of investors and visitors by investing in high-end developments and infrastructure.
In conclusion, Raha Island represents a significant addition to Al Khaimah's portfolio of luxury developments. With its extensive public beaches, new marinas, and a variety of leisure options, the project is set to become a major attraction for both residents and tourists. The timely launch of Raha Island aligns with the emirate's strategy to capitalise on the real estate boom and establish itself as a leading destination for luxury living. As investments continue to flow into Al Khaimah, projects like Raha Island will play a crucial role in shaping the future of the region.
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