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RAK Properties releases new phase at Bermuda Villas, Mina Al Arab



New units to meet growing demand for spacious beachfront property in Ras Al Khaimah, Show villa is now available for viewing.

RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, is all set to commence the release of Phase 2 of its Bermuda Villas being developed under its flagship Mina Al Arab waterfront community. The announcement comes as welcome news for investors and homeowners seeking spacious residences strategically located along Ras Al Khaimah’s scenic beachfronts. Bermuda Villas was launched in 2014 and is set for completion by late 2016.

The residential complex will span 157 two – to six-bedroom villas and townhouses catering to the high standards of living embodied by the Mina Al Arab master development. Aside from providing spectacular coastline views, it will also feature a private beach, separate swimming pools for ladies, gents and children, a dedicated children’s playground, a multipurpose court, and expansive green turf areas.

Initial sales were a success, reflecting both the high demand for luxury housing in Ras Al Khaimah and the emirate’s steady rise as a premier tourist and investment hub in the region. RAK Properties expects to sustain the momentum through its Phase 2 offerings; show villa is now available for viewing.

Mohamed Sultan Al Qadi, Managing Director and CEO, RAK Properties PJSC, said: “The first batch of Bermuda Villas was warmly welcomed by investors. The development complements Ras Al Khaimah’s focus on promoting its rich natural environment as well as enhancing its touristic and investment appeal. We invite investors and home seekers to explore what Bermuda Villas has to offer, particularly its emphasis on style, space and nature. We promise a unique leisure and lifestyle proposition that echoes the grandeur of Mina Al Arab as well as the charming character of Ras Al Khaimah.”

RAK Properties’ announcement of the availability of the next batch of Bermuda Villas units is timely as more end-users are considering moving to Ras Al Khaimah to benefit from the emirate’s peaceful lifestyle, well-paced growth, and competitive property rates. The local landscape offers tranquil views of the Arabian Gulf waters and a growing number of residential, touristic and leisure developments.