
SKAI is a luxurious residential project developed by the renowned RAK Properties, known for its premium developments across the UAE. The architecture of both towers combines bold design with refined elegance, while the facades reflect the dynamic and contemporary character of the project. Positioned on the picturesque Raha Island along the canals, SKAI offers captivating views of the water and surrounding coastal landscape. The complex consists of two towers: the first includes a ground level, a podium level, and nineteen residential floors, while the second features a ground level, a podium level, and five residential floors. The residences are distinguished by high-quality finishes. The project offers studios, as well as 1-, 2-, and 3-bedroom apartments and penthouses suited to a wide range of residents—from digital nomads to families seeking space and comfort. Each home is designed with a focus on functionality and aesthetics, creating a harmonious blend of style and practicality. SKAI provides a curated collection of amenities, including the SKAI Club with a barbecue area, an open-air gym and a padel tennis court. These spaces promote relaxation, sports and social interaction, enhancing the sense of comfort within the community. The development enjoys a convenient location close to key destinations on Raha Island and in Dubai, with Downtown Dubai reachable in approximately 20 minutes.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| SKAI launch basis | 1,824 | AED 1.64M | Current launch / asking basis |
| Mina Al Arab ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Mina Al Arab premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |



















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Mina Al Arab
SKAI by RAK Properties
Located in Mina Al Arab
Starting from AED 1,642,000
Unit mix includes 1 BR, 2 BR, Apartments
Expected handover: Jun 2028
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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