Bay Residences
About Bay Residences
(sq. ft.)
Buy Property in Bay Residences
Bay Residences, Mina Al Arab
Listing by
Metropolitan Premium Properties
Bay Residences, Mina Al Arab
Listing by
Maxim Novikov
Bay Residences, Mina Al Arab
Listing by
Metropolitan Premium Properties
Bay Residences, Mina Al Arab
Listing by
Metropolitan Premium Properties
Bay Residences, Deira
Listing by
Hamid Mess
Bay Residences, Mina Al Arab
Listing by
Metropolitan Premium Properties
Bay Residences, Mina Al Arab
Listing by
Metropolitan Premium Properties
Bay Residences, Mina Al Arab
Listing by
Metropolitan Premium Properties
Bay Residences, Mina Al Arab
Listing by
Metropolitan Premium Properties
Southbay, Bay Residences comes as a new phase of the elite Bay Residences by RAK Properties on the coveted Hayat Island in Mina Al Arab. Prospective property buyers are welcome to choose from an array of seafront studios and 1–3 bedroom apartments, in addition to 3-bedroom duplexes with infinite ocean views. The property sizes in Southbay, Bay Residences range from a compact 366 sq. ft to a spacious 3,638 sq. ft.
The development skillfully combines luxury living with a purely natural environment and the ultimate recreational amenities. These include:
- 2 pedestrian running tracks
- Promenades
- Boardwalks
- Direct beach access
- Swimming pools
- Playgrounds
- Retail
- Gym
- F&B outlets
Property Information
- Location Hayat Island, Ras Al Khaimah, UAE
- Developer RAK Properties
- Status of Project In progress
- Type of Project Residential Building
- Units Studios - 3BR Apartments, 3BR Duplex
- Area from 366 sq. ft.
Property Prices
The initial cost for a 1-bedroom apartment in Southbay, Bay Residences is AED 752K (USD 205K), whilst a duplex can be acquired for a minimum of AED 3.9M (USD 1.08M).
*The price is valid for 2023
Monthly Cash Payment Plan (40/60)
Down payment
5 Years Payment Plan (40/60)
7 Years Payment Plan (60/40)
Location
Southbay, Bay Residences will be conveniently located alongside Al Nakheel Blvd, which is within easy reach of the Sheikh Mohammed Bin Salem Road. Occupants of the premium development will be able to get to Ras Al Khaimah International Airport, among other sought-after destinations in under 25 minutes. The project is also adjacent to Marbella Villas II, which is also being developed by RAK Properties.
One of the endless perks of Southbay, Bay Residences is that it will be surrounded by an excellent social infrastructure, with an array of supermarkets, medical facilities, academic institutions and much more. That being said, within a radius of a 30-minute walk, you can reach the following facilities:
- Choithrams Mina Al Arab, Al Bateen Supermarket, Bloom Supermarket
- Zain medical center
- Vets24 Veterinary Clinic
- Al Jazeera Al Hamra School C1
- Hair Art Gents Salon
As well as all that, there are multiple trendy restaurants nearby, which are famed for signature international and fusion cuisine. These include Hooked Seafood Restaurant, Shrimp Pot Seafood Restaurant RAK and Burgery, just to name a few.
Economic Appeal
Southbay, Bay Residences provides you with the opportunity to live in a vibrant seaside community, surrounded by a few of the emirate’s most luxury resorts. These are Intercontinental Mina Al Arab Resort, which houses a spa, a health club and swimming pools, and Anantara Mina Al Arab Ras Al Khaimah Resort. The latter is set to open in the second half of 2023, treating its guests to a signature Anantara Spa, a tennis court, 4 restaurants and much more.
If you are considering acquiringa property in Southbay, Bay Residences, you will be keen to learn that the average ROI in Mina Al Arab is 6%. The starting rental cost of this type of property stands at AED 27K (USD 7K) per year. Metropolitan Premium Properties offers a property management service, which enables you to take advantage of a passive income without having to take on any landlord responsibilities.
When investing at least AED 2M (USD 545K) in real estate in Ras Al Khaimah, you are granted eligibility for a 10-year Golden Visa. Among its multiple benefits is a family sponsorship, based on which you have the opportunity to relocate your spouse and children to the UAE.
*The price is valid for 2023
FAQ
Southbay, Bay Residences is being developed by RAK Properties, who is Ras Al Khaimah's largest listed developer.
The development will be nestled on Hayat Island in Mina Al Arab, alongside Al Nakheel Blvd.
Interested real estate buyers have the opportunity to choose from studios and 1–3 bedroom apartments, along with 3-bedroom duplexes.
Currently, the development is off-plan. For detailed information on its completion date and its construction stage, please contact our agents.
RAK Properties offers 3 payment plan options: a 40/60 cash monthly scheme, a 5-year 40/60 payment plan and a 7-year 60/40 plan.
An apartment in Southbay, Bay Residences is priced at a minimum of AED 752K (USD 205K). One can acquire a duplex for at least AED 3.9M (USD 1.08M).
Yes, you will become eligible for a long-term investor visa if you decide to invest in Southbay, Bay Residences. The UAE offers an array of residency options based on the property cost.
You are provided with a 10-year Golden Visa with a minimum qualifying investment amount of AED 2M (USD 545K). Subsequently, your spouse and children may apply for a visa and relocate to the UAE as well.
Yes, any nationality is welcome to purchase real estate in Southbay, Bay Residences, as it is a freehold project. You are granted full property ownership, enabling you to use the property as you wish.
An apartment in Southbay, Bay Residences is an excellent investment, since you can rent it out and benefit from an average ROI of 6%. You can also enjoy multiple amenities if you decide to use your property as a private residence. That being said, Southbay, Bay Residences will offer direct beach access, swimming pools, retail and F&B outlets, among other offerings.
Southbay, Bay Residences is a fantastic development nestled in a family-friendly community. When living here, you will be surrounded by leafy spaces, parks, promenades, boardwalks and much more.
Hayat Island boasts excellent connectivity to the rest of the emirate, enabling its occupants to reach prestigious schools and medical facilities within a radius of a 30-minute walk. These include Zain medical center, Vets24 Veterinary Clinic and Al Jazeera Al Hamra School C1, just to name a few.
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Metropolitan Premium Properties
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