SKAI
Off-Plan

SKAI

From AED 1.64M·Handover Jun 2028·5% down payment Payment
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AED 1.64M
Starting Price
Jun 2028
Handover
5% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

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.

Project Specifications
DeveloperRAK Properties
LocationMina Al Arab
Unit Types1 BR, 2 BR, Apartments
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 70,852 / year
Cash-on-Cash
2.2%
Levered cashflow AED 16,666
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 106,730 / 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
SKAI launch basis1,824AED 1.64MCurrent 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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SKAI official render 1

SKAI official render 1

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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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Amenities & Lifestyle

BBQ
Children’s pool
Cinema
Club house
Covered Parking
Crossfit zone
Dining outlets (coffee houses & restaurants)
Jogging tracks
Kids Club
Kids Play Area
Landscaped garden
Lift
Lobby
Lounge
Meditation zone
Outdoor cinema
Paddle court
Recreational areas
Retail outlets
Rooftop Pool
SPA
Shared gym & fitness
Smart home
Sports ground
Walking paths
Yoga studio
Zen Garden

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

SKAI by RAK Properties

02

Located in Mina Al Arab

03

Starting from AED 1,642,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Jun 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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