Cape Hayat

Cape Hayat is a multi-storey, premium-class coastal complex located on Hayat Island. RAK Properties, the leading developer in Ras Al Khaimah, is the company behind the project. Cape Hayat consists of four towers, two of which are 20 storeys high and two are 9 storeys high.

In total, the project offers 668 residential units with various layouts. You can choose from studios, 1-2 bedroom apartments and 4-bedroom penthouses. Their total area varies from 466 sq. ft to 6,889 sq. ft.

The residences have one or more balconies, offering stunning panoramic views of the canal, bay or mangroves. The two-bedroom apartments include an additional dressing room, while the penthouses come with a private pool, a maid’s room, a storage room, a driver’s room, an office and a study/home theatre.

In line with the RAK 2040 energy efficiency and renewable energy strategy, Cape Hayat will adhere to the Barjeel environmental initiatives, focusing on sustainable development. This includes integrating nature into the residential areas, implementing renewable energy sources, providing efficient waste management and promoting eco-friendly transport by establishing 12 EV charging stations.

Cape Hayat offers residents a resort lifestyle with developed infrastructure. Amenities include beach access, a swimming pool, a gym and retail stores on the ground floor.

As of the first quarter of 2024, the starting price for a one-bedroom apartment is AED 1.7M (USD 463K).

According to Arabian Business, the first phase of the project completely sold out on the first day of launch in September 2023. This indicates investor confidence in RAK Properties and the growing demand for coastal residences.

The average return on investment in Mina Al Arab is 6%. Rental prices for one-bedroom apartments start from AED 29K (USD 8K) per year, as of the first quarter of 2024.

Property owners with investments of AED 2M (USD 545K) or more are eligible for a 10-year Golden visa for themselves, their spouse, children and domestic staff.