Ras Al Khaimah’s leading publicly listed property developer, RAK Properties, announced that the first phase of its latest development, Mirasol, has sold out.
Mirasol received remarkable demand from customers following its unveiling at an event earlier this month, the company said.
Sameh Muhtadi, CEO of RAK Properties said the exceptional demand for Mirasol underscored the growing confidence in Ras Al Khaimah’s real estate market.
“We are seeing a real appetite from buyers to be a part of the Mina story – our flagship destination and the focus of our growth and transformation agenda for the coming years,” he said.
Muhtadi said Mirasol is the first of a number of new communities being launched within Mina in 2025 and the company looks forward to releasing a diverse mix of products to meet the needs and expectations of our increasingly broad base of investors and end users.
Mirasol features 339 units, offering a range of studios, apartments and duplexes, scheduled for handover in the first half of 2028.
Anchored by a central podium, the two-tower community will feature an oasis-style swimming pool with sunken beds, an open-air cinema, a yoga studio, a children’s play area and splash pool, and a lounge bar.
In addition, a restaurant is being developed in partnership with famed Michelin star Spanish chef Vicente Torres, who hails from Ibiza, in keeping with the resort-inspired positioning of Mirasol.
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