Gateway Residence II is a residential complex located in the Mina Al Arab community of Ras Al Khaimah. The project was developed by RAK Properties.
Properties include one- to two-bedroom apartments and feature panoramic windows with stunning views of the emirate. Units also have spacious balconies and contemporary interiors.
Residents can enjoy a variety of amenities, including:
Apartments range in size from 923 sq. ft. (86 sq. m) to 1,840 sq. ft. (171 sq. m), and prices range from AED 700,000 (USD 191,000) to AED 1,450,000 (USD 394,000).
*The price is valid for 2021
Gateway Residence II is located near several popular destinations, including:
Residents can choose from a wide selection of local restaurants and grocery stores. LaLuna and the Lounge can be reached within a five-minute walk of the apartments. Al Ekwan Grocery is situated within 15 minutes, and Al Mondial Supermarket and Al Aswaq RAK National Markets are located within a 10-minute drive.
The nearest healthcare facility, Aljazeera Health Centre, can be reached within a 10-minute drive of the apartments. RAK Academy-British School Al Hamra-BSH and Al Hamra Nursery are situated within a 15-minutes drive.
Gateway Residence II is located near the coast, which attracts real estate investors from around the world. Properties have a return on investment rate of 6.5%. Annual rental rates range from AED 42,500 (USD 12,000) to AED 70,000 (USD 19,000), and the payback period for an apartment ranges from 14 to 18 years.
*The price is valid for 2021
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