Mina Al Arab is a waterfront master community on the Ras Al Khaimah coast developed by RAK Properties, containing Hayat Island, Raha Island and the Downtown Mina district. It is freehold, sits on protected lagoon and mangrove shoreline, and holds most of the emirate's current off-plan supply. Ras Al Khaimah regulates off-plan sales under Decree No. 12 of 2023 through its Real Estate Regulation Authority, with escrow held by a registered trustee in per-unit sub-accounts.
Mina Al Arab is a waterfront master community on the Ras Al Khaimah coast, developed by RAK Properties across a stretch of natural shoreline, mangrove and reclaimed island. It contains Hayat Island, Raha Island and the newer Downtown Mina district, and it is where most of the emirate’s current off-plan supply sits.
What the address buys
Two things separate Mina Al Arab from the Dubai coastal communities it is priced against. The first is the shoreline itself: protected lagoons and mangrove wetlands rather than reclaimed frontage alone, with the Al Rams and Jazirat Al Hamra coast either side. The second is the rate. Ras Al Khaimah entry pricing sits well below equivalent Dubai waterfront, which is the whole investment argument and also the thing to test, because the rental depth behind it is a smaller and more seasonal market.
The Wynn effect
Al Marjan Island, a short drive north, carries Wynn Al Marjan Island, the first integrated resort of its kind in the UAE, and the whole emirate’s off-plan case has been rebuilt around its opening. Mina Al Arab is close enough to draw on that demand and far enough to keep its own character. If you are underwriting a Mina Al Arab purchase on tourism growth, the timing of that resort is the variable to track, and it belongs in your assumptions explicitly rather than as background optimism.
Buying off-plan in Ras Al Khaimah
Ras Al Khaimah regulates development under Decree No. 12 of 2023, issued on 21 August 2023, administered by the Ras Al Khaimah Real Estate Regulation Authority. Developers must be entered in a Real Estate Development Register and prove financial capacity; each project must be entered in a Real Estate Development Projects Register before construction or sales begin.
The escrow structure is worth knowing because it is stricter than the Dubai model in one respect. Projects run an escrow account with a RERA-registered trustee, with a main account and individual sub-accounts per unit, and all purchase-price receipts go into the sub-account. Five per cent of total construction cost is retained for one year from the date of the construction completion certificate, which is a defect-liability retention Dubai does not mirror in the same form. Ask for the trustee name and the sub-account reference on your own unit, not just the project account.
Last reviewed 13 September 2026 · How we verify
