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Developers RAK Properties and Ellington Properties plan to develop the premium waterfront residential project, which will be located on Hayat Island in Mina Al Arab. Ellington Properties has entered the emirate through this partnership.

The first joint residential apartment project will offer exclusive waterfront living with direct beach access. It will feature multifamily apartments, as well as resort-style amenities and high-end restaurants at ground level, reflecting Ellington Properties' design-led approach. RAK Properties has partnered with Ellington Properties to capitalise on the rising demand for quality real estate in the Emirate through partnerships with top-tier local and international investors. Moreover, it supports the company's plan to expand its core development assets.

The UAE's sustainable tourism destination, Ras Al Khaimah, attracts investors and tourists from around the world because of its unspoiled natural environment, says Sameh Al Muhtadi, CEO of RAK Properties. Mina Al Arab combines the conveniences of urban living with the free-spirited energy of island life to create a highly experiential 'urban island' lifestyle destination in Ras Al Khaimah. With Ellington, we will be able to develop extraordinary homes, experiences and amenities that will upgrade residents' lifestyles in Mina Al Arab, Ras Al Khaimah's residential area.

We are excited to be working with RAK Properties to develop our first project in Ras Al Khaimah, says Robert Booth, Co-Founder and Managing Director of Ellington Properties. We are expanding into the emirate to meet the demand for our developments, bringing our unrivalled living environments to more people. A new lifestyle offering will be available at Hayat Island and will enhance our residents' quality of life.