RAK Tower
About the project
(sq. ft.)
RAK Tower is a 28-storey mixed-use development located in Al Seer, Ras Al Khaimah. The project was developed by RAK Properties and was commissioned in 2014.
The ground floor features exhibition halls, a fitness centre, and a hypermarket. Two floors are allocated for offices, and the remaining floors consist of more than 300 residential properties including studios and one- to three-bedroom apartments. The building provides property owners with one or two parking spaces, and additional parking is available on the street.
Residents can enjoy a variety of amenities, including:
- Four passenger and service lifts
- Backup power supply
- Security with CCTV
- 24-hour concierge services
- Rooftop swimming pool
- Ruby Fitness Centre
- Sauna and steam room
Residential units range in size from 342 sq. ft. (32 sq. m) to 1,070 sq. ft. (99 sq. m), and prices range from AED 188,000 (USD 51,000) to AED 190,000 (USD 52,000).
*The price is valid for 2021
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Property Information
- Location Al Seer, Ras Al Khaimah, UAE
- Status of Project Ready
- Type of Project Residential Building, Offices
- Units 1-3BR
- Area from 342 sq. ft.
- Total Amount of Units 300
Location
RAK Tower is situated in an area with limited public transportation, so residents are advised to travel by personal car and taxi.
The community offers many popular dining establishments. Al Zinjibari Restaurant is located within a two-minute walk of the building. National Restaurant and Lebanese House can be reached within a five-minute drive, and Vespa, a fine dining restaurant, is situated within a five-minute walk.
For groceries, residents can shop at RAK Hypermarket located on the ground floor of the tower. ABC Supermarket, Al Ghaya Supermarket, Spar, and Al Telal Al Sabea Supermarket can be reached within a five-minute walk of the residences, and Manar Mall is situated within a five-minute drive.
The National Museum can be reached within a five-minute drive of the complex, and the emirate’s largest park is located within a 15-minute drive.
The nearest medical facility, Thumbay Clinic RAK, can be reached within a two-minute walk of the residences, and Scholars Indian School is situated within a five-minute drive.
Payback
Al Seer is partially located along the coast with a mix of commercial, residential, and government buildings.
Properties at RAK Tower have a return on investment rate of 6%. Annual rental rates range from AED 15,000 (USD 4,000) to AED 32,000 (USD 9,000), and units have an estimated payback period that ranges from 15 to 20 years.
*The price is valid for 2021
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