Finance & Capital Market

RAK Properties launches new apartment community in Ras Al Khaimah

RAK Properties, a leading UAE property developer, has announced the launch of Solera, a vibrant new apartment community set to define the new downtown rhythm of its flagship waterfront destination, Mina, in Ras Al Khaimah.
 
Located on Raha Island, Solera marks an exciting first chapter of the Downtown Mina district. Comprising 451 units across three architecturally distinct buildings anchored by a shared podium, Solera is the inaugural community within RAK Properties’ ambitious new district.
 
Upon completion, Downtown Mina will feature six integrated residential communities, offering unparalleled proximity to the wider Mina master plan’s amenities. 
 
Ideally located alongside multiple dedicated retail and F&B destinations, this urban hub has ready access to an array of lushly landscaped parks, covered walkways, and dynamic community spaces, said the developer.
 
Apartments in Solera, ranging from 386 to 3,104 sqft and with prices starting from AED768,000 (   ) onwards, are complemented by an extensive array of lifestyle amenities designed for contemporary living, it stated. 
 
Residents will get to enjoy a 40m infinity-edge lap pool, a dedicated kids’ pool and splash pad, and the unique Solera Flame Pavilion – an outdoor gathering space equipped with a BBQ kitchen for the ultimate in al fresco dining.
 
On the new project, CEO Sameh Muhtadi said: "We are proud to launch Solera, the first chapter in the Downtown Mina story. With this, we are adding diversity to our product mix and creating new neighbourhoods that add to Mina’s overall character. As we continue to pursue the luxury segment elsewhere in our portfolio, Solera and Downtown Mina bring a whole new vibe to Ras Al Khaimah."
 
"Younger, edgier, and designed to appeal to work-from-anywhere professionals and entrepreneurs, Solera will contribute to the changing narrative around the Emirate as more and more investors see its real estate market appeal," he stated.
 
Solera residents will also benefit from an inspirational sculptural garden, a telescope corner for unmatched daytime and nighttime vistas, a relaxing hammock garden, a skateboard park, and a state-of-the-art gym, noted Muhtadi. 
 
"In addition, specifically catering to the needs of today's increasingly mobile workforce, The NOOK, a dedicated social lounge and co-working space, will offer an ideal environment for entrepreneurs and professionals to connect, share ideas, and grow their businesses," he added.-TradeArabia News Service