Porto Playa comes as a premium 10-storey residential development by Ellington Properties and RAK Properties on Hayat Island, Mina Al Arab in Ras Al Khaimah. It contains studios, 1–3 bedroom apartments, eight 2-bedroom townhouses and four 3-bedroom villas. There is also a single 4-bedroom presidential suite available for acquisition.
The complex will provide stunning beachfront and sea views from the back and sides of the building.
The property sizes range from a compact 455 sq. ft to a generous 6,323 sq. ft. Each residence comes with a laundry room and one or more balconies for the utmost convenience of the homeowners.
When living in Porto Playa, you will have access to a myriad of world-class amenities for leisure and recreation. Among them are:
Studios and 1-bedroom apartments will be provided with one parking spot, while 2-4 bedroom units will be allocated two.
|Floor Plan||Type||Unit Type||Category||Total Area||Starting prices|
|Studio||Apartment||437||Ask for Price|
|1 Bedroom||Apartment||891||Ask for Price|
|2 Bedrooms||Apartment||1,411||Ask for Price|
|2 Bedrooms||Townhouse||1,711||Ask for Price|
|3 Bedrooms||Apartment||2,038||Ask for Price|
|3 Bedrooms||Villa||3,423||Ask for Price|
|4 Bedrooms||Presidential Suite||Apartment||6,323||Ask for Price|
As of September 2023, the minimum price for a 1-bedroom apartment in Porto Playa is AED 1.5M (USD 408K). The anticipated service charge stands at AED 12 (USD 3) per square foot.
*The price is valid for 2023
Porto Playa will boast excellent connectivity to RAK’s mainland thanks to Sheikh Mohammed Bin Salem Road. As a result, Ras Al Khaimah International Airport can be reached within about 30 minutes. Dubai is accessible in slightly more than one hour.
It will take about 10 minutes by car to get to a number of essential facilities, including grocery stores, schools and more. A few of the examples are as follows:
The estimated completion date of Porto Playa is set for Q4 2026. While the development is under construction, you can acquire property with the help of a 50/50 payment plan. The down payment amounts to just 5%.
If the property you choose to acquire costs AED 2M (USD 545K) or more, you will be able to obtain a 10-year Golden Visa. It allows you to sponsor your spouse, children and domestic staff to come to the UAE.
The average ROI in Mina Al Arab is 6%. At the same time, the starting rental price for a 1-bedroom apartment here is AED 28K (USD 8K), as of September 2023. It is worth noting that in Q2 2023, the initial rental cost was AED 24K (USD 6.5K), thus it grew by 16% in Q3 2023. Such strong indicators guarantee lucrative passive income, which will keep increasing with the development of the area.
*The price is valid for 2023
Porto Playa is being developed by RAK Properties and Ellington Properties.
It is located on Hayat Island in Mina Al Arab,Ras Al Khaimah.
There are studios, 1–3 bedroom apartments, eight 2-bedroom townhouses, four 3-bedroom villas and one 4-bedroom presidential suite on offer.
The anticipated completion date is planned for Q4 2026.
You are provided with a 50/50 payment plan. The down payment amounts to just 5%.
As of September 2023, the minimum price for a 1-bedroom apartment in Porto Playa is AED 1.5M (USD 408K).
Yes, you have the opportunity to obtain a long-term visa in this case.
If the property you choose to acquire costs AED 2M (USD 545K) or more, you will be able to obtain a 10-year Golden Visa.
Yes, the complex is freehold, which means that any nationality is provided with full property ownership.
It is a very good investment, as real estate in Mina Al Arab generates a 6% ROI on average.
The waterfront development is suitable for any type of potential residents, whether these are singles, young couples or families with children. You will be able to enjoy a relaxing lifestyle with direct access to a private beach away from the buzz of the city.
Hayat Island is situated just a 10-minute drive away from supermarkets, schools, medical facilities and more. Among them are Al Jazeera Al Hamra School C1, Vets24 Veterinary Clinic, Zain Medical Center, and Choithrams Mina Al Arab, to name a few.
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