#PROJECT-Ras Al Khaimah: MINA AL ARAB

[soennecken]

Originally Posted by crazyeight

I visited RAK 2 days ago and first impression was a very bad one. I can't believe they are thinking of building any of these projects!! The place needs a major face lift.

um.........er I think all this development is PART of the major face lift?

[Krazy]

[GoDubai!]

The marina being constructed here is quite large, perhaps 2/3 the size of Dubai Marina. Yet, look how little development is being planned as far as buildings go. Obviously, this plan won't hold. In time it will be crammed with villas and apartment blocks to pay off the astronomical cost of creating this marina.

[dubai 26]

[bizzybonita]

Marine works and land filling complete for Mina Al Arab
Work on landmark resort-themed development proceeding to plan, says CEO
RAK Properties (PJSC), the most prominent property developer in Ras Al Khaimah has announced the completion of land filling and marine work at the Mina Al Arab development. The Dh10 billion Mina Al Arab is a mixed use development complete with waterways, wetlands, resort hotels and residences spread over an area of 30 million square feet on Ras Al Khaimah’s beachfront.

Mohamed Sultan Al Qadi, Managing Director & CEO of RAK Properties said that the completion of marine works marks a milestone for Mina Al Arab. “We are happy that the development works at Mina Al Arab are proceeding to plan. With works currently going on in full swing, we will be able to complete the various phases of the project as per schedule and meet the time lines set for hand over.

Composed of a beachfront strip and a group of islands, Mina Al Arab will have themed resort hotels and two eco-hotels that will add an estimated 3,500 sumptuous rooms for tourists and visitors. In addition, there will be a cluster of 3,500 residential units, mainly Bora Bora hotel units, and standard apartments.

[bizzybonita]

The leading real estate developer in Ras Al Khaimah, RAK Properties, has entered into a deal with Millennium Hotels and Resorts, an international hospitality group, for managing the Millennium Mina Al Arab Resort in Mina Al Arab, the multi-billion realty development. At present, Millennium manages nine hotels in the UAE.

Mina Al Arab real estate development, launched in May 2006, is a Dh.10billion waterfront community, covering 30 square feet of the development, with a variety of facilities, ranging from residential buildings, hotels, marinas, and theme parks, to restaurants, shopping arcades and cafes.

The Managing Director of RAK Properties, Mohammad Sultan Al Qadi says "Millennium is the most recognized hospitality brands in the world. Millennium Mina Al Arab will be an exciting and refreshing experience for its visitors, as it is a combination of top quality hospitality of Millennium, with Mina Al Arab's emphasis on heritage and nature.

R

[soennecken]

Mina al Arab is still a peacful area, Earthworks are in progress but a deserted sunset is still to be had for a while yet.

[gujji]

Does anyone have any info on the construction going on in MAA?

[PAULDELVES]

Not much from what I could see the other day - but in 3 years time this place will,be bustling like the rest of RAK

[gujji]

Originally Posted by PAULDELVES

Not much from what I could see the other day - but in 3 years time this place will,be bustling like the rest of RAK

Do you know when construction of buildings will start? I have bought an apartment in building 5 of 18 and PropertiesDubai gave me a completion date of March 2009 (do you think that is realistic?)

[reef2008]

RAK Properties informed that the completion date is likely to be 2010 - The hotel and villas will be built first and the appartments right at the end.

[Godfather ofProperty]

Hello! i've just been sent this by a company i've been talking to, it looks fantastic, just wanted to know if anyone else knows about it? its RAK Airways...

[Yousuf27]

Does anyone know anything about prices at Mina al Arab? How are the sales going and what is the payment structure.

Any info most welcome

[gujji]

Does anyone have any latest going ons at the MAA site?

[drakes]

I was told at Cityscape by RAK Properties that foundation works have begun on the Granada villas.

[gujji]

Originally Posted by drakes

I was told at Cityscape by RAK Properties that foundation works have begun on the Granada villas.

Good news!

[Palm-Host]

Does anyone know whats happening here?

[Palm-Host]

I've seen quite a few units popping up in the market here.

Is this a good investment? The prices are cheap and seems to be a no brainer.
Just want to get some input from others?

Are there any units available straight from the developer?

[davidbht]

1st properties ready Jan 10 in granada district villas and townhouses on private beach.
Showhomes will be built within 6 months so prices are expected to rise .
A good investment is one where you can afford ...

[Our Property World]

We have just become agents for Mina Al Arab following from our successful sales and growing relationship with the Ras Al Khaimah property market.

We feel this will become a truly remarkable beach resort. Considering Dubai Marina developments are selling at AED 2400 sq ft at the moment, RAK developments are a steal.

Previous investors on Mina Al Arab have seen growth of over 50% pa, and the way things are going over there, we can sense the trend will continue for a while yet.

More info can be found on

http://www.ourpropertyworld.com/duba...minaalarab.htm