Granada 2 – new launch in Ras Al Khaimah

RAK Properties is happy to announce the launch of the second phase of its ever popular project, Granada, in Mina Al Arab, Ras Al Khaimah. Interested buyers have the opportunity to choose from a collection of just 80 exclusive 2-3 bedroom townhouses.

As of Q1 2024, the starting price for a property in Granada is AED 1.8M (USD 490K). For detailed information on payment plans and unit availability, please register your interest on our website.

In terms of renting out property, the annual rate for a 2-bedroom townhouse stands at AED 74K (USD 20K) with a 5.7% ROI, a competitive rate that promises a good return on initial investment.

Moreover, the government incentivises the purchase of real estate through the provision of a 10-year Golden visa. When you invest AED 2M (USD 545K) or more in real estate, you become eligible to obtain this long-term visa, which also extends to your family and domestic staff.

One of the most distinctive features of Granada 2 is its close proximity to Wynn Al Marjan Island, which will house the UAE’s first casino. With the casino’s grand opening slated for early 2027, Wynn Al Marjan is set to become a luxurious destination that will feature an impressive array of approximately 1,500 elegant rooms, opulent suites and private villas.

Dining at Wynn Al Marjan Island will be an experience in and of itself, with 24 different dining and lounge experiences on offer. Guests will be able to choose from a variety of cuisines from around the world, all prepared by renowned chefs. The lounges will offer the perfect place for guests to relax and unwind with a variety of beverages and light snacks.

Designed to cater to both longer visits and day trips from the neighbouring emirates, the resort will offer many types of experiences that guests are sure to enjoy. One of the highlights will be the nightly laser and light shows that will illuminate the resort and create a truly magical atmosphere.