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The second phase of Bay Residences was released on Hayat Island in Ras Al Khaimah by Rak Properties the largest listed property developer in Ras Al Khaimah.

Demand for this beachfront community is still strong after the successful sale of the first phase. On Hayat Island, we are pleased to announce the release of the next phase of Bay Residences, according to Sameh Al Muhtadi, CEO of Rak Properties. Additionally, he said, Bay Residences is an example of how we achieve our goal of providing unique lifestyle experiences that yield value for our customers.

The Bay Residences is located in Mina Al Arab in Ras Al Khaimah and comprises 324 studios, one, two and three-bedroom apartments with direct access to the beaches. The Bay Residences is adjacent to the iconic Intercontinental Mina Al Arab Ras Al Khaimah Resort & Spa and the soon-to-open Anantara Hotel & Resort. The Bay Residences is located in Mina Al Arab in Ras Al Khaimah and comprises 324 studios, one, two and three-bedroom apartments with direct access to the beaches. The Bay Residences is adjacent to the iconic Intercontinental Mina Al Arab Ras Al Khaimah Resort & Spa and the soon-to-open Anantara Hotel & Resort.

The commercial real estate industry is already experiencing stronger returns compared to the residential sector as a result of the rapidly expanding demand. The real estate is expected to grow significantly going forward. Real estate is in high demand since it is regarded as a safe outlet for investing and a desirable option for investors. Commercial properties' strong potential for appreciation is another factor contributing to their high demand. Investors should buy their preferred commercial properties now while the market is still competitive and their capital costs are still reasonable in order to benefit from rich future returns.

A wide range of amenities will be available to residents at Bay Residences' second phase, including swimming pools, playgrounds, retail stores, food and beverage outlets, and gyms, as well as beautifully landscaped open green spaces, pedestrian paths, and parks. Rak Properties PJSC is the largest listed property developer in Ras Al Khaimah was established in 2005 and developed more than 3000 residential units, 372,000 square feet of office space and 260000 square feet of retail space.