Question 1

Where is Nura by RAK Properties located?

Accepted Answer

Nura by RAK Properties is located in Ras Al Khaimah, within the resort area of Mina Al Arab, directly on the central boulevard of Downtown Mina.

Question 2

What types of properties are available at Nura by RAK Properties?

Accepted Answer

Properties at Nura at Mina Al Arab include studios, 1-3 bedroom apartments, and two 4-bedroom penthouses.

Question 3

How much do properties at Nura by RAK Properties cost?

Accepted Answer

The starting price for studios is from 800 000 AED (217 800 $). You can buy an apartment at Nura by RAK Properties from 1 240 000 AED (337 600 $) for a 1-bedroom option, from 1 980 000 AED (539 100 $) for a two-bedroom unit and from 3 470 000 AED (944 900 $) for a three-bedroom one. The cost of a four-bedroom penthouse is 5 900 000 AED (1 606 500 $) and above.

Question 4

When is the handover date of property at Nura by RAK Properties?

Accepted Answer

The handover date of this new property by RAK Properties at Mina Al Arab is scheduled for Q1 2029.

Question 5

What are the payment terms for buying an apartment at Nura by RAK Properties?

Accepted Answer

There is a flexible interest-free installment plan available for buying an apartment at Nura at Mina Al Arab: 10% on booking, 50% during construction, and 40% upon handover. Alternatively, there is a 40/60 scheme with a 10% down payment.

Question 6

Is it profitable to buy property at Nura by RAK Properties?

Accepted Answer

In terms of location and concept, the decision to buy property at Nura at Mina Al Arab by RAK Properties appears promising. The residential complex is situated in the heart of Downtown Mina, surrounded by marinas, a park and 5-star hotels, and is a 10-minute drive from the ongoing Wynn Resort on Al Marjan Island. The area is developing as a freehold resort zone with no income or property tax, offering full ownership and the possibility of obtaining a residential visa. All of this supports demand for property at Mina Al Arab and strengthens its long-term investment potential.

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