Mirasol on Raha Island: Three Product Types, One 10% Entry
AED 770,000 to AED 5,222,000 is a wide range. That spread reflects three genuinely different products under one project name, and reading it correctly matters before anything else.
Apartments, Duplexes, Penthouses: Reading the Price Range
Mirasol offers apartments, duplexes, and penthouses. The AED 770K floor is the apartment entry point. The AED 5.22M ceiling is where the penthouses sit.
The buyer at AED 770,000 is likely an investor building a yield position on a Raha Island waterfront address, or an owner-occupier priced out of comparable waterfront options elsewhere who wants more space for the same budget. The duplex buyer wants a two-level layout and more floor area, typically a family looking for the island setting without stretching to penthouse prices. The penthouse buyer at AED 5 million-plus is buying a top-floor waterfront product. Floor area, views, and the Raha Island address are the draw.
Raha Island, Mina Al Arab: What the Location Means
The address hierarchy runs Ras Al Khaimah > Mina Al Arab > Raha Island > Mirasol. Mina Al Arab is RAK's main waterfront mixed-use zone. Raha Island is an island precinct within it, giving Mirasol a water-facing plot rather than an inland site.
From Mina Al Arab, Dubai Marina is roughly 45 minutes by road on a clear run. That commute works well for buyers in Dubai two or three days a week, or for remote workers who want a larger home and a waterfront lifestyle without a Dubai price tag. For buyers commuting to Dubai every day, the driving time is a real cost to factor into the decision.
Getting In for 10%
| Stage | Amount Due |
|---|---|
| Down payment | 10% |
| During construction | 40% |
| On handover | 50% |
10% down secures a unit today. At AED 770,000, that is AED 77,000. At AED 5,222,000, it is AED 522,200. The construction-phase payments of 40% are distributed across the build window. The largest single cash event is the 50% due at handover, which falls in June 2028, roughly two years from now.
The structure keeps the upfront commitment low and loads most of the obligation to the back end. Buyers have approximately two years before the handover payment lands.
Completion in Mid-2028
Construction started in January 2025. Mirasol is scheduled to complete in June 2028. As of today, the project is roughly 18 months into a three-and-a-half-year build. Buyers entering now are mid-construction, with approximately two years remaining to handover.
For off-plan buyers, this point in the build cycle means the project is demonstrably underway, but off-plan execution risk still applies until handover.
What Six Amenities Reveal
| Category | Amenities |
|---|---|
| Fitness and wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor and family | Landscaped Gardens, Children's Play Area |
| Community services | Restaurants, CCTV Security |
The indoor pool is the standout item. During RAK's summer months, an indoor facility extends usability well beyond what an outdoor-only pool delivers. The gym, gardens, and on-site restaurants cover daily lifestyle needs without leaving the community. The children's play area and dining on-site point toward a resident base of families and longer-stay occupiers rather than short-term investment buyers.
Six amenities is a focused package. The selection prioritises daily utility over a long headline list.
RAK Properties as Developer
RAK Properties is the developer behind Mirasol. The project's location within Mina Al Arab places it inside a larger master-planned waterfront zone. Buyers are acquiring a unit within a broader community context, not a standalone development on an otherwise isolated plot.