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This Deal Signifies The Launch Of The Dubai-Based Developer In Ras Al Khaimah.
Abu Dhabi-listed RAK Properties and Dubai-based Ellington Properties have joined forces for a residential beachfront project on Hayat Island within Mina Al Arab Island, Ras Al Khaimah. This collaboration marks the launch of Ellington Properties in the emirate.
The project, consisting of apartments, will feature upscale ground-level restaurants and resort-style amenities; although specifics regarding the project’s cost, completion timeline, and apartment count have not been disclosed.
This initiative is part of RAK Properties’ larger master plan for Hayat Island, which includes Angel Bay, an outdoor leisure hub encompassing clubs, dining establishments, recreational activities, and entertainment options.
Last month, RAK Properties also launched Bayviews Residences, a beachfront development on Hayat Island. To date, the developer has completed over 3,000 residential units, 372,000 square feet of office space, and 260,000 square feet of retail projects.
