Beachfront Apartments on Hayat Island
Next to InterContinental Ras Al Khaimah Resort & Spa

The Bay Residences project, which is directly adjacent to the iconic InterContinental Mina Al Arab Ras Al Khaimah Resort & Spa, covers a total of 1,180,000 million square feet. The newly Central I Tower by RAK offers affordable residences with open access to the beach. Buyers can choose between 1, 2 & 3BR waterfront apartments for sale

AED 732,000

Starting Price

Attractive

Payment Plan

Q1 2024

Handover

Bay Residences Central I by RAK Properties

The Bay Residences by RAK Properties is a luxurious project located on the prestigious Hayat Island of the Mina Al Arab. The gorgeous waterfront community, which is a part of Ras Al Khaimah, sits north of the seven emirates, which together make up the UAE.

Future residents of the development can choose from one to three-bedroom apartments with living areas from 818 to 2,852 sqft. Each unit is provided with spacious terraces from which one can enjoy breathtaking views of the turquoise waters of the Arabian Gulf, and the endless beaches. The interiors of the Bay Residences are thoughtfully designed to provide residents with maximum comfort.

As the Bay Residences by RAK Properties is close to the public areas of Hayat Island, residents will have access to a wide range of dining and retail options, entertainment activities, walking paths, children’s playgrounds and event spaces. Moreover, the development is close to the prestigious InterContinental Mina Al Arab Resort which has a health club, a spa, fitness center, and other amenities.

Beach

and Sea

70 Minutes

to Dubai

24/7

CCTV

Green

Areas

Ocean Views Forever

Residences Located in Ras Al Khaimah Hayat Island

Ras Al Khaimah is known for its history, amazing nature which includes white sandy beaches, beautiful mountains, and its famous terracotta deserts and entertainment options. Al Jazeera Diving & Swimming Center, which has been operating since 1997, can be reached within a 10-minute drive from the development. The most popular shopping centers of the emirate, which include Manar Mall, RAK Mall and Al Naeem Mall, are a 20–25 minute drive from the Bay Residences.

Among the closest educational institutions families can consider are Chubby Cheeks Nursery Ras Al Khaimah, located a 5-minute drive away, while The British School Al Hamra, Delhi Private School, RAK Modern Private School – Al Dhait and St. Mary Private School RAK can all be reached in just 10 minutes. As for universities, it takes 15 minutes to get to Birmingham City University RAK Campus, University of West London – RAK Branch Campus, University of Stirling and Abasyn University. In terms of healthcare, Al Jazeera Medical Clinic is the closest option, and is located less than a 10-minute drive away.

Apartments in the Bay Residences are ideal both for singles wishing to experience a quiet lifestyle in a waterfront community, as well as for families with children who will appreciate the number of educational institutions located within close distance to the development. A one-bedroom unit in the Mina Al Arab area can be rented out from AED 25,000 to 80,000 per year. The rental yield in the area is from 7% and will grow with the development of the area.

Floor Plans of Bay Residences Central I

1-Bedroom Unit

Total - 818 sqft

2-Bedroom Unit

Total: 1668 sqft

3-Bedroom Unit

Total: 2852 sqft

Attractive Payment Plans from RAK Properties

5 Years Post-Handover Payment Plan

On Booking

10%

In 3 Months

5%

In 9 Months

5%

In 15 Months

5%

In 21 Months

5%

Handover (Q1 2024)

10%

In 6 Months

5%

In 12 Months

5%

In 18 Months

5%

In 24 Months

5%

In 30 Months

10%

In 36 Months

10%

In 42 Months

5%

In 48 Months

5%

In 54 Months

5%

In 60 Months

5%

3 Years Post-Handover Payment Plan

On Booking

10%

In 3 Months

2,5%

In 9 Months

2,5%

In 15 Months

2,5%

In 21 Months

2,5%

Handover (Q1 2024)

10%

In 6 Months

10%

In 12 Months

10%

In 18 Months

10%

In 24 Months

10%

In 30 Months

15%

In 36 Months

15%

21 Months Cash Payment Plan

On Booking

10%

In 3 Months

2,5%

In 9 Months

2,5%

In 15 Months

2,5%

In 21 Months

2,5%

Handover (Q1 2024)

80%

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