Cape Hayat Phase 2 on Hayat Island, Ras Al Khaimah
RAK Properties is developing Cape Hayat Phase 2 on Hayat Island within the Mina Al Arab waterfront district in Ras Al Khaimah. The project offers apartments at a single entry price of AED 700,000, with construction launched in April 2024.
Hayat Island: What the Address Delivers
Hayat Island sits within Mina Al Arab, RAK's master waterfront community on the emirate's coastline. The address places buyers in a low-density island setting roughly 45 minutes north of Dubai by road.
The practical calculus is straightforward. For buyers with employment or a lifestyle anchored in RAK, this is a waterfront island address without a Dubai price tag. For those who work in Dubai's business core, the daily commute is the central consideration. Remote workers, retirees, and investment buyers face fewer daily trade-offs on the distance.
Mina Al Arab brings a broader mix of residential, hospitality, and retail to the wider master plan. Residents at Hayat Island draw on those community-level facilities alongside the on-site amenities at Cape Hayat Phase 2.
AED 700,000: One Tier, One Decision
The project prices all apartments at AED 700,000. Price floor and ceiling are identical, so this is not a range to interpret. One product, one price. That clarity defines the buyer: compact apartments at a waterfront island address in Ras Al Khaimah for under a million dirhams.
The entry point makes this accessible to investors and end-users who want island positioning in the UAE at a price well below Dubai's coastal market.
What's on Site
| Category | Amenities |
|---|---|
| Outdoor | Landscaped Gardens, Children's Play Area |
| Fitness | Gymnasium |
| Leisure | Shared Pool, Restaurants |
Five amenities is a practical, honest offering for a mid-market apartment project. The shared pool and on-site restaurants mean residents do not need to leave the development for everyday leisure. The gymnasium covers fitness without requiring an external membership. Landscaped gardens and a children's play area indicate a target resident mix of families and full-time occupants who value accessible outdoor space.
The set is functional and proportionate to the price point. There are no pretensions toward a resort-scale facility list.
Handover Has Arrived
Construction began in April 2024 and the expected completion was 16 June 2026, two days before today. The project has reached its completion milestone. Buyers entering now are not taking on a construction-stage commitment. The off-plan wait is over. For investors, that removes construction uncertainty from the equation. For end-users, occupation is imminent.
Getting In for 10%
| Stage | Payment |
|---|---|
| Down payment | 10% |
| During construction | 30% |
| At handover | 60% |
The headline is a 10% down payment, which is a low initial barrier to entry. The structure is sharply back-loaded: 60% falls due at handover, and the handover date has now arrived. Buyers acquiring at this stage owe the majority of the purchase price immediately, not spread across future construction milestones. There is no post-handover instalment plan. The full price settles at key collection.
The low entry cost kept early carrying charges modest, but that advantage has now converted into a single large payment at the handover stage.