Mirasol
Off-Plan

Mirasol

From AED 1.63M·Handover Apr 2028·5% down payment Payment
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AED 1.63M
Starting Price
Apr 2028
Handover
5% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Mirasol is a premium residential development by RAK Properties, located on Raha Island within the Mina Al Arab community in Ras Al Khaimah. The project is inspired by the island’s natural aesthetics, surrounded by mangrove forests, tranquil waterways and a five-kilometer shoreline. The complex consists of two towers: the first includes a ground level, a podium level, eleven residential floors and a roof, while the second features a ground level, a podium level, seventeen residential floors and a roof. Mirasol offers a collection of residences, including studios, 1–2 bedroom apartments, 3-bedroom duplexes and exclusive penthouses with panoramic views of the island landscape. Cascading terraces and floor-to-ceiling windows provide vistas of the Arabian Gulf, sunsets and green waterfront promenades. Interiors are finished in natural tones, emphasizing soft lines, light and organic materials. The project features resort-style amenities designed for relaxation and an active lifestyle. Residents can enjoy a pool overlooking the Gulf, a yoga studio, children’s playground, jogging tracks, an outdoor cinema, a spacious lounge area with a bar and more. Excellent connectivity allows residents to reach Ras Al Khaimah International Airport in just 15 minutes, Sharjah International Airport in about 30 minutes and Dubai International Airport (DXB) in approximately 45 minutes.

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 70,205 / year
Cash-on-Cash
2.2%
Levered cashflow AED 16,514
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 105,755 / 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 launch basis1,808AED 1.63MCurrent 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

Mirasol — View 2
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Mirasol official render 1

Mirasol official render 1

Mirasol official render 2

Mirasol official render 2

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Mirasol official render 3

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Mirasol official render 9

Mirasol official render 10

Mirasol 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 — 1 Bedroom Floor Plan

Amenities & Lifestyle

Children’s pool
Dining outlets (coffee houses & restaurants)
Jogging tracks
Kids Play Area
Kids splash pad
Lagoon style swimming pool
Leisure areas
Lobby
Meditation zone
Outdoor cinema
Parking
Private beach access
Recreational areas
SPA
Sauna
Shared Jacuzzi
Shared Pool
Shared gym & fitness
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 by RAK Properties

02

Located in Mina Al Arab

03

Starting from AED 1,627,000

04

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

05

Expected handover: Apr 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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