Northbay Residence
About the project
(sq. ft.)
Northbay Residence is a modern apartment complex located on Hayat Island in Ras Al Khaimah. Apartments overlook the Arabian Gulf Coast.
The project was implemented by RAK Properties. The facade features an original design that is the embodiment of modern architectural trends. Interiors are truly unique in style and are equipped with beautiful furniture, decorative elements, lighting fixtures, and appliances.
Residents can enjoy a variety of amenities and services, including:
- Round-the-clock security and video surveillance
- Modern air conditioning, ventilation, and heating systems
- Equipped gym
- Swimming pool
- Ample parking
- Children’s play area
Residential units include one- to three-bedroom apartments that range in size from 397 sq. ft to 3,444 sq. ft. Property prices range from AED 680,000 (USD 185,000) to AED 1,300,000 (USD 350,000), depending on the size and configuration of the apartment.
*The price is valid for 2021
Property Information
- Location Hayat Island, Ras Al Khaimah, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-3BR
- Area from 397 sq. ft.
Location
Northbay Residence is located in a vibrant area with a well-developed infrastructure. The complex is situated near Sheikh Mohammed Bin Salem Road, which provides easy access to other parts of the city. Residents can also travel by public transportation with stops and stations located within walking distance of the apartments. The nearest bus stop is RAK, and the nearest Metro stations are Union and Rashidiya. Cab services can also be found throughout the neighbourhood.
Residents can take advantage of local schools and nurseries. Chubby Cheeks, Al Jazira Al Hamra, and Little Treasures Kindergarten are located within walking distance of the complex.
Residents can go shopping at local stores and shopping malls, such as the Lagoon, Al Hamra Mall, and the Spire, which offer groceries, household goods, clothing, footwear, and accessories.
For medical care, residents can go to Al Jazeerah, Al Afia, Physiotherapy and Sports, and RAK Medical Center Al Hamra, which are situated within a 10-minute drive of the residences. These institutions have highly skilled professionals who provide specialised treatments.
The most popular cafes and restaurants in the area include LaLuna, Ginza Cafe, and the Lounge, which serve local and international cuisines and provide an ideal place to enjoy quality time with friends and family.
For leisure activities, residents can go to Ice Land Waterpark, the old town of Al Jazirah, Diwali at Mina Al Arab, and the Mina Al Arab Football Field, which are located within a 15-minute drive of the complex.
Payback
Northbay Residence is a modern residential complex with real estate that is particularly popular among families with children. Prospective residents can choose from a wide range of units at favourable prices that were designed to have the highest level of comfort. The surrounding area has many socially significant facilities, such as schools, medical clinics, and shopping malls.
Northbay Residence offers many profitable real estate investment opportunities. Apartments can be purchased to subsequently rent out. The annual return on investment rate for a unit ranges from 5% to 6%, and the estimated payback ranges from 17 to 19 years.
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Metropolitan Premium Properties
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+971 4 428 6151
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Internet City, Dubai, UAE
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