Mirasol 2
Off-Plan

Mirasol 2

From AED 1.69M·Handover Aug 2028·5% down payment Payment
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AED 1.69M
Starting Price
Aug 2028
Handover
5% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Mirasol 2 is a residential complex by RAK Properties, located in the North Harbour area of Mina, Ras Al Khaimah. The project embodies modern coastal living, combining elegant architecture, comfort, and proximity to the sea. The complex consists of two towers: the first includes a ground floor, mezzanine level, ten residential floors, and a roof, while the second features a ground floor, mezzanine level, fifteen residential floors, and a roof. The design of Mirasol 2 is inspired by the natural curves of the shoreline. Smooth terraces and panoramic windows create a sense of space and openness, offering picturesque sea views. Filled with natural light and fresh air, the project provides an atmosphere of calm and freedom. The development offers studios, 1–2 bedroom apartments, and 3-bedroom duplexes and penthouses. Interiors are crafted in light natural tones with wood and marble accents, adding warmth and refined elegance. Residents enjoy resort-style amenities, including a landscaped pool, fitness center, yoga studio, spa, children’s playground, and open-air cinema. A scenic promenade with green walkways and lounge areas enhances the relaxed coastal atmosphere. Located in North Harbour, Mina, the complex provides convenient access to key destinations: 15 minutes to Ras Al Khaimah International Airport, about an hour to Dubai, and walking distance to the marina and yacht club.

Project Specifications
DeveloperRAK Properties
LocationMina Al Arab
Unit Types1 BR, 2 BR, 3 BR, Apartments, Penthouse
AreaMina Al Arab
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 72,837 / year
Cash-on-Cash
2.2%
Levered cashflow AED 17,133
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 109,720 / 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
Mirasol 2 launch basis1,876AED 1.69MCurrent 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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Mirasol 2 official render 1

Mirasol 2 official render 1

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Mirasol 2 official render 5

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Mirasol 2 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from RAK Properties.

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Payment Structure

5% down payment

Flexible Payment

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Floor Plans

Mirasol 2 — 1 Bedroom Floor Plan

Amenities & Lifestyle

Beach Access
Cabanas
Cinema
Covered gym
Crossfit zone
Dining outlets (coffee houses & restaurants)
Indoor Yoga
Jogging tracks
Kids splash pad
Leisure areas
Lift
Lobby
Lounge
Outdoor cinema
Parking
Pool Deck
Pool Lounge
Private beach access
Recreational areas
Sauna
Shared Pool
Shared gym & fitness
Social zone
Steam
Sunken Seating
Walking paths
Yoga studio

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

Mirasol 2 by RAK Properties

02

Located in Mina Al Arab

03

Starting from AED 1,688,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Aug 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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