Granada II
✓ Resale Available

Granada II

From AED 2.41M·Completed Jan 2026·20% down payment Payment
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AED 2.41M
Starting Price
Jan 2026
Handover
20% down payment
Payment Plan
2 BR · Townhouse
Type

Project Overview

Granada II is a townhouse complex by RAK Properties, located in Mina Al Arab. The project is designed in a refined contemporary style, where architecture, landscaped surroundings, and a private residential format create a calm and comfortable living environment. The development features a collection of two- and three-bedroom townhouses. The architecture combines modern lines and balanced proportions, forming a cohesive and harmonious appearance. Spacious interiors, open-plan living areas, and private outdoor spaces make the homes functional and well-suited for everyday living. The layouts are designed with family living in mind: living rooms and kitchens create a practical shared space, while bedrooms remain private. Balconies and private plots extend the living area, offering additional space for relaxation. Finishes are carefully selected, creating a bright and understated atmosphere. Residents have access to landscaped gardens, walking and jogging tracks, children’s play areas, sports courts, a football pitch, tennis courts, and waterfront leisure spaces. Private beach access is also available, located just a minute from the residences. The location in Mina Al Arab provides convenient connectivity to key destinations in Ras Al Khaimah. Beaches, parks, and resort infrastructure are nearby, while Ras Al Khaimah International Airport is approximately 15 minutes away, and Dubai International Airport is around a 45-minute drive.

Project Specifications
DeveloperRAK Properties
LocationMina Al Arab
Unit Types2 BR, Townhouse
AreaMina Al Arab
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 103,862 / year
Cash-on-Cash
1.8%
Levered cashflow AED 24,431
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 156,455 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Granada II launch basis2,674AED 2.41MCurrent launch / asking basis
Mina Al Arab ready-stock comps1,500AED 1.35MIndicative resale benchmark
Mina Al Arab premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Granada II official render 1

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Granada II official render 10

Astraterra Properties

Official Documents

Download official marketing materials from RAK Properties.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

Basketball court
Broadband Internet
Children’s pool
Covered Parking
Crossfit zone
Football field
Jogging tracks
Kids Play Area
Landscaped park
Laundry
Leisure areas
Meditation zone
Private beach access
Recreational areas
Shared Pool
Social zone
Tennis court
Walking paths

Location

Mina Al Arab

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Mina Al ArabMina Al ArabDubai, UAE

Developer Track Record

01

Granada II by RAK Properties

02

Located in Mina Al Arab

03

Starting from AED 2,407,000

04

Unit mix includes 2 BR, Townhouse

05

Expected handover: Jan 2026

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Official brochure and PDF marketing materials available

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Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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