Reemah Elite Real Estate
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Projects·Ras Al Khaimah·Mina Al Arab
Northbay Residences, apartments in Mina Al Arab, Ras Al Khaimah, by RAK Properties
Off-PlanApartments

Northbay Residences

Mina Al Arab · Ras Al Khaimah · by RAK Properties
Details are indicative, confirm with our desk before transacting
Price from
AED 556K
entry price
Bedrooms
Studio-3BR
Apartments
Handover
Q1 2025
Off-Plan
Est. gross yield
On ask

Northbay Residences is an apartment development by RAK Properties in Mina Al Arab, Ras Al Khaimah. The project offers Studio to 3BR homes. Unit sizes run from 355 to 3,444 sqft. Launch pricing starts at AED 555,581. The published payment plan is 20/80: 10 percent on booking, 10 percent during construction, 10 percent on handover, 70 percent after handover. Handover is scheduled for Q1 2025. Amenities include gym or health club, swimming pool, kids play area, nearby shopping malls. Ras Al Khaimah is freehold for all nationalities, with no annual property tax, and a purchase at AED 2 million or above supports a ten year Golden Visa.

Why it makes the list
  • Launch price from AED 555,581
  • 20/80 payment plan
  • Handover Q1 2025
  • Studio-3BR homes
Payment structure
20/80
Modelled on entry price AED 556K
Booking / down payment10% · AED 55,558
During construction10% · AED 55,558
On handover10% · AED 55,558
Post-handover70% · AED 388,907

Payment plan as published on the developer's project listing, captured 2026-09-16. Confirmed with our desk before reservation. Figures shown against the entry price. Confirm the live schedule with our desk. Indicative, not financial advice.

Cost to entry
What it takes to secure a unit at Northbay Residences: the down payment plus government and trustee costs, before the mortgage question.
Down payment10%
AED 55,558
DLD fee4%
AED 22,223
Trustee + adminfixed
≈ AED 4,500
All-in entry estimate
AED 82,281
Down payment 10% + DLD 4% + trustee. Indicative, not financial advice.
Location
Mina Al Arab · Ras Al Khaimah
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RK
Developer
RAK Properties
Tier 2 developer · Listed master developer (ADX: RAKPROP) of waterfront communities Mina Al Arab, Hayat Island and Raha Island in Ras Al Khaimah · since 2005
Track record →
Data provenance

Details for Northbay Residences are compiled from the developer’s published project listing, captured 16 September 2026. Figures are indicative and are reconfirmed against RAK Properties’s current inventory before any reservation. Spotted something out of date? Tell us and we will check it against the source.

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