SKAI Tower 2
Off-Plan

SKAI Tower 2

From AED 1.79M·Handover Jun 2028·5% down payment Payment
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AED 1.79M
Starting Price
Jun 2028
Handover
5% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

SKAI Tower 2 is a premium residential development by RAK Properties, located on the picturesque Raha Island in Mina Al Arab. As part of the prestigious SKAI complex, the tower embodies the concept of serene coastal living. Its architectural style blends flowing lines, cascading forms and panoramic glazing, creating a striking visual identity inspired by the movement of water. The building consists of a ground level, podium level and five residential floors. Available units include studios, 1- and 2-bedroom apartments, as well as 3-bedroom penthouses. The interiors are designed in soft natural tones, while large windows and balconies overlook the lagoons and landscaped waterfronts. Thoughtful layouts and high-quality finishes create a comfortable atmosphere for everyday living and relaxation. Residents of SKAI Tower 2 enjoy full access to the extensive amenities of the entire SKAI development. These include the SKAI Club, an outdoor swimming pool, a yoga pavilion, a padel tennis court, children’s play areas and open-air fitness zones. Green surroundings, water features and promenade spaces enhance the feeling of a private coastal retreat. The location on Raha Island offers close proximity to beaches, restaurants, hotels and the waterfront of Mina Al Arab. The center of Ras Al Khaimah is around 15 minutes away, while Dubai can be reached in just over one hour, making SKAI Tower 2 an attractive and convenient place to live.

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 77,411 / year
Cash-on-Cash
2.2%
Levered cashflow AED 18,209
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 116,610 / 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 Tower 2 launch basis1,993AED 1.79MCurrent 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

SKAI Tower 2 — View 2
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SKAI Tower 2 official render 1

SKAI Tower 2 official render 1

SKAI Tower 2 official render 2

SKAI Tower 2 official render 2

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SKAI Tower 2 official render 9

SKAI Tower 2 official render 10

SKAI Tower 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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Amenities & Lifestyle

BBQ
Club house
Covered Parking
Infinity pool
Kids Play Area
Landscaped garden
Leisure areas
Lift
Lobby
Open air gym
Outdoor Yoga
Paddle court
Recreational areas
Shared Pool
Shared gym & fitness
Social zone
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 Tower 2 by RAK Properties

02

Located in Mina Al Arab

03

Starting from AED 1,794,000

04

Unit mix includes 1 BR, 2 BR, 3 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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