Granada Villas Phase 2: RAK Townhouses with a 10% Entry Point
With a 10% down payment, RAK Properties sets the entry cost well below what heavier upfront structures require. On a AED 2,300,000 townhouse, that's AED 230,000 at signing. For buyers who want to preserve capital during the construction window, the structure is straightforward.
The Developer and the Community
RAK Properties is the developer. Granada Villas Phase 2 sits within the Granada neighbourhood, part of Mina Al Arab, a large coastal master community in Ras Al Khaimah. Phase 2 continues the townhouse build-out in an area where the wider community fabric is already established.
Mina Al Arab, Ras Al Khaimah
Mina Al Arab is a coastal master community in Ras Al Khaimah. Ras Al Khaimah's city centre is roughly 15-20 minutes by road. Dubai is about an hour along the E11.
The location suits buyers who want the scale and infrastructure of a large master community while basing themselves in RAK rather than commuting from Dubai.
Two Bedrooms or Three: AED 2.3M to AED 2.65M
The price range is narrow. AED 2,300,000 gets a 2-bedroom townhouse at around 1,825 sq ft, roughly AED 1,260 per sq ft. AED 2,650,000 gets a 3-bedroom at 2,200-2,230 sq ft, around AED 1,190-1,200 per sq ft.
The 3-bed buyer gains roughly 400 sq ft of additional space for a AED 350,000 premium and gets a slightly better per-square-foot rate in the process. The 2-bed unit fits smaller households or investors keeping the ticket size lower.
Amenities: Two Pools and Family Infrastructure
| Category | Amenities |
|---|---|
| Swimming | Indoor Swimming Pool, Shared Pool |
| Outdoor | Landscaped Gardens, Balcony, Barbecue Area |
| Family | Children's Play Area |
| Security | CCTV Security, Security |
The indoor swimming pool is the standout item. An indoor option extends usability through the summer months when outdoor pools see far less activity. Beyond that, the set covers the residential essentials: green space, an outdoor cooking area, a children's zone, and layered security with CCTV. The overall profile points to owner-occupier families and residents on longer leases rather than short-term rental operators.
A January 2026 Completion That Has Now Passed
Construction began in April 2024. The target completion date was January 2026, which has now passed. The project is at or near the handover stage. For a buyer entering at this point, the construction wait is effectively over.
Getting In for 10%
| Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 40% |
| At handover | 50% |
The 10% down payment is the standout commercial feature here. On AED 2.3M, that means AED 230,000 at signing rather than the larger sums that heavier structures require. The 40% during construction has been running since April 2024, so buyers entering now may be stepping into a mid-schedule installment position depending on when they transact. The significant figure is the 50% due at handover, which needs mortgage approval secured or funds available before taking keys.