Projects·Ras Al Khaimah·Mina Al Arab

Off-PlanApartments

Northbay Residences

Mina Al Arab · Ras Al Khaimah · by RAK Properties

Details are indicative, confirm with our desk before transacting

5 photos of Northbay Residences. Renders and photography supplied by RAK Properties.

Price from

AED 556K

entry price

Bedrooms

Studio-3BR

Apartments

Handover

Q1 2025

Off-Plan

Est. gross yield

On ask

In Mina Al Arab, Ras Al Khaimah, RAK Properties has Northbay Residences, an apartment project across Studio-3BR homes. Its Q1 2025 handover date has passed with no completion recorded against the AED 555,581 entry. AED 555,581 puts it second lowest of 14 priced Mina Al Arab projects, under a median of AED 783,457.

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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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 Spotted something out of date?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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