RAK Properties has presented the new phase of its Bay Residences on the coveted Hayat Island in Mina Al Arab. Southbay, Bay Residences offers a collection of studios, 1–3 bedroom apartments and luxury 3-bedroom duplexes. The starting price for a 1-bedroom unit is AED 752K (USD 205K), and a duplex is priced at a minimum of AED 3.9M (USD 1.08M).

The master developer provides several options for a payment plan. There is a 40/60 payment plan, whilst the second option is a 40/60 three-year post-handover payment plan, and the third isa 60/40 five-year post-handover payment plan. All of these payment schemes include a 5% down payment.

Southbay, Bay Residences is adjacent to the luxury 5-star hotel called InterContinental Mina Al Arab Ras Al Khaimah Resort & Spa. To offer an exclusive seaside living environment, the development features playgrounds, retail, F&B outlets and swimming pools. At the same time, the residential apartments are surrounded by promenades, parks, walkways and boardwalks, as well as manicured open spaces.

Recently RAK Properties also released Marbella Villas II, which is the second phase of Marbella Villas on Hayat Island. Prospective buyers have the opportunity to acquire one of the 2-3 bedroom townhouses or standalone 4-bedroom villas with a stunning beachfront view.