Ras al Khaimah
Photos and renders of the building and grounds — not of this particular unit.
Layouts and the handover date come from the developer's brochure in our archive. Prices and payment plans from the same source are deliberately not published: they are dated to when the brochure was issued and do not match today's prices. I will send the current ones over WhatsApp.
The developer did not quote sums in these materials — below is what they did contain: layouts, the payment plan and the handover date. I will send the current price list and availability over WhatsApp.
The developer's last quote in our materials is dated 23 June 2025, which is more than 6 months old, so the sums are not shown here. I will send the current price list and availability over WhatsApp.
Figures come from the developer's own materials sent to brokers, dated 23 June 2025. The commentary behind them is written up in the Russian version of this page.
Cape Hayat is a residential complex in Ras al Khaimah.
Layouts, according to the developer's brochure — studios, 1, 2 and 4 bedrooms.
The database currently holds 1 lot in this project, from 5 000 000 AED; 1 of them priced below the market, the deepest discount 9%.
Two RAK Properties towers at Mina Al Arab, Ras Al Khaimah: by June 2025 only two units were left on the developer's list, including a 6,866 ft² penthouse.
Cape Hayat is a RAK Properties residential complex at Mina Al Arab, Ras Al Khaimah. Brochure layouts: studios, 1, 2 and 4 bedrooms. There's no propsearch passport, so we have no storey count, unit count or status.
In the developer's unit-by-unit inventory of 23 June 2025, two units remained across the two towers: a corner two-bedroom of 1,715 ft² with a sea view and a four-bedroom penthouse of 6,866 ft² — the largest unit in the entire Mina Al Arab inventory.
The developer quoted no amounts in those materials, and the quote is more than six months old, so we don't show a developer price.
One lot is linked to the project: a five-bedroom villa of 4,556 ft² at AED 5,250,000, 4% below market.
The format doesn't match the brochure — it lists neither villas nor five bedrooms. Before discussing price, find out what this property actually is and whether it belongs to Cape Hayat at all.
Per our data, the final payment on the building falls in 2028 — worth factoring in if the unit is bought on a payment plan.
No propsearch passport. RAK Properties unit-by-unit inventory for Mina Al Arab as of 23 June 2025: two units and their sizes. Our stock as of 21 September 2026: one lot (format, size, price, discount).
Studios, 1-bedroom, 2-bedroom and 4-bedroom, according to the developer's brochure. Which sizes are actually free right now depends on what is on the market; I will send the current list.
The database currently holds 1 lot in this project, from 5 000 000 AED; 1 of them priced below the market, the deepest discount 9%. Prices move every day, so it is worth asking for the current list for this building.
What has been written about the building, its developer and Ras al Khaimah
Richmond Residences is the first phase of Mira Coral Bay in Al Mairid: furnished beachfront homes from AED 550,000 for a 40 m² studio, a 10/40/50 plan with half the price paid over 36 months after handover, completion in 2029.
Between 23 and 28 October 2026, a tanker oil spill closed the beaches of Umm Al Quwain, Ras Al Khaimah and Sharjah. Oil has reached about 30 km of coastline, from Umm Al Quwain to Al Marjan Island. No closure of Dubai beaches has been announced, and no reopening date has been given in the north.
Three emirates, three jobs. Dubai: 3.8 million people, liquidity and an exit in weeks. Abu Dhabi: freehold only in investment zones, living costs about 12% lower. Ras Al Khaimah: 64 km of beaches and a $5.7bn Wynn resort due in September 2027.
Knight Frank counts 175 branded residence schemes in Dubai: 68 live and 107 in the pipeline. Miami has 73, London 30. Abu Dhabi has 24 and Al Marjan Island 23. The UAE holds 19% of the global pipeline.
Wynn Al Marjan Island has unveiled its two largest suites, the Mayfair Apartment and the Paris Apartment, each about 1 460 sq m with seven bedrooms on the top floors of its 70-storey tower. They are hotel suites, not homes for sale. What they signal for Al Marjan property.
Ras Al Khaimah targets 3.5m visitors a year by 2030 (1.35m in 2025), wants to grow hotel stock from 8 700 to about 16 000 keys with 80% premium, and is building a terminal for 3m passengers by 2028. What it means for property buyers.
Wynn Al Marjan Island now opens in September 2027 instead of Q1, and the budget is up $600m to about $5.7bn. Licence granted by the GCGRA in October 2024, $2.4bn construction loan closed in February 2025. What the delay means for Al Marjan investors.
State developer Marjan is building RAK Central next to Al Hamra: over 4 000 apartments, five Grade A office towers for 6 000+ staff and 1 000+ hotel keys. Every plot sold out in 15 months; the office core opens around 2027, the full district by 2030.
RAKEZ registered close to 19 000 new companies in 2025 — a 44% year-on-year jump, taking the zone past 40 000 active businesses. Next door, Innovation City is coming online: an AI, Web3 and robotics free zone built on the site of the former RAK DAO.
Message me for the free layouts in Cape Hayat, the real entry price and what owners and tenants say — not the brochure copy.
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