Hayat Island is a man-made island located in the northern emirate of Ras Al Khaimah. The area is a new project that covers an area of 6,000,000 sq. ft. The developer’s main mission was to create a unique space for outdoor recreation and entertainment. It is no coincidence that Ras Al Khaimah was chosen for this. The emirate offers picturesque views of nature. The company RMJM is working on the project, and it is expected to become a popular tourist destination.
Hayat Island is a quiet place. Entertainment facilities will not be noisy, and there is an emphasis on highlighting the Arabian Gulf. The area will appeal to those interested in water activities. For example, residents will be able to go canoeing in a romantic setting with twinkling floating lanterns. There will also be an open-air cinema on the water where the audience will be seated in boats. The coastal area features a large sandy beach, and the community features many landscaped parks with plants, trees, shrubs, and flowers, which add to its aesthetic appeal. Residents can also enjoy nearby swimming pools and a central square that has ponds, fountains, and colorful sculptures.
Hayat Island is home to residential complexes. There is an extensive community of townhouses and villas that overlook the bay. The community is located on the other side of the island in relation to the central square and entertainment venues. As a result, properties are ideal for those looking for a quiet living environment that is surrounded by nature. The other side of the island has resort hotels, as well as high-rise towers with apartments and studios. The master plan includes the construction of many social and leisure facilities, including cafes, restaurants, gyms, retail stores, and promenades.
The island will be connected to the mainland within a 10-minute drive via bridges. RAK International Airport can be reached within a 25-minute drive of the residences.
Hayat Island offers real estate that is already in demand among investors, despite that it is currently being developed. There is a wide range of residential units that are available to buy. Properties are situated near beaches, which increases their popularity. Return on investment rates can be influenced by tourists who are looking to stay near the coastline. It is expected that there will be an influx of tenants who want to live in a well-appointed oasis on the beach. Units in the first phases of construction are already sold out. However, prices remain affordable. Therefore, there is an opportunity to invest in real estate. The annual rental rate for a studio starts at AED 14,000 (USD 4,000), and the annual rental rate for a standard three-bedroom villa starts at AED 65,000 (USD 18,000). Units have an estimated return on investment rate of 6.5%.
*The price is valid for 2024
Marbella Villas consists of 205 villas and townhouses. The project is being implemented by RAK Properties. The buildings are surrounded by green areas, which makes them popular among families with children, and there are beaches situated within walking distance. Properties include two- to three-bedroom townhouses and four- to eight-bedroom villas. Units have a starting price of AED 1,600,000 (USD 436,000).
*The price is valid for 2024
Bay Residences is an apartment complex that is located on the coast near the beach. The building’s architectural design is distinguished by the lines that the balconies make to form waves. Residential units include one- to three-bedroom apartments that are available to buy. Properties range in size from 818 sq. ft. to 2,852 sq. ft. The project is scheduled for completion in the first quarter of 2024, and units have a starting price of AED 735,000 (USD 200,000).
*The price is valid for 2024
Northbay Residences is a waterfront complex that is scheduled for completion by the end of 2023. Properties include studios and one- to three-bedroom apartments that range in size from 398 sq. ft. to 3,003 sq. ft. Studios cost approximately AED 555,000 (USD 151,000). Floor-to-ceiling panoramic windows offer beautiful views of the beach, as well as the central island square with fountains and parks.
*The price is valid for 2024
Hayat Island is home to several attractions, including:
These facilities can be reached within a 10-minute drive of the residences.
Sign up for our weekly newsletter for market updates!