Mirasol Phase 2, Hayat Island: RAK Properties' Two-Tower Addition to Mina Al Arab
RAK Properties is developing Mirasol Phase 2 as a two-tower residential project on Hayat Island in Mina Al Arab, Ras Al Khaimah. The project spans Tower A and Tower B, with the same unit types available across both. Construction started in September 2025, with handover scheduled for September 2028.
What Hayat Island Means in Practice
Hayat Island sits within Mina Al Arab, Ras Al Khaimah's planned waterfront district. The drive from Dubai takes roughly 45 to 50 minutes depending on traffic. That puts this address within reach as a full-time residence for remote workers and a practical option for buyers who commute to Dubai selectively. The island geography creates a different residential experience than city-based developments: water frontage, lower density, and a self-contained community structure supported by on-site amenities.
AED 861K to AED 12.3M: A Range That Needs Explaining
The price spread here reflects three genuinely different product types inside the same development.
At the entry point, studios from AED 861,000 cover 389 sq ft. One-bedroom apartments open at AED 1,240,000, with sizes running from 564 to 1,264 sq ft depending on layout. Variants include standard, premium corner, chalet ground-floor, and chalet mezzanine configurations. The chalet units sit at the lower floors with a distinct internal layout.
Two-bedroom apartments come in at AED 2,530,000 for 1,083 sq ft.
The upper end is driven by three-bedroom duplexes from AED 6,000,000 (ranging from 2,108 to 3,236 sq ft across four floor plan types) and three-bedroom penthouses at AED 12,300,000 for 3,741 sq ft at the top of each tower.
A buyer at AED 900K is acquiring a compact unit for rental or occasional use. A buyer at AED 12M is acquiring one of the project's top-floor penthouses.
From Studios to Penthouses: What Each Tier Offers
| Type | Bedrooms | Size | Starting Price |
|---|---|---|---|
| Studio | 0 BR | 389 sq ft | AED 861,000 |
| Apartment | 1 BR | 564–1,264 sq ft | AED 1,240,000 |
| Apartment | 2 BR | 1,083 sq ft | AED 2,530,000 |
| Duplex | 3 BR | 2,108–3,236 sq ft | AED 6,000,000 |
| Penthouse | 3 BR | 3,741 sq ft | AED 12,300,000 |
Studios and smaller one-beds are investor-oriented entry points. The chalet-style one-bedroom variants suit buyers who want a less conventional layout. Two-beds fit couples or small families. Duplexes and penthouses target buyers seeking a primary or secondary waterfront residence with substantial living space.
On-Site Amenities and What They Signal
| Category | Facilities |
|---|---|
| Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens, Children's Play Area |
| Lifestyle | Restaurants |
| Security | CCTV Security |
The indoor pool stands out. Most waterfront developments in the Gulf rely on outdoor pools, which become difficult to use during peak summer heat. An indoor option extends year-round usability. The children's play area and on-site dining point toward families and longer-term residents rather than short-stay investors. This amenity set supports daily life on-site without requiring residents to leave the island for basics.
Three Years to Handover
Construction began in September 2025. Handover is expected in September 2028, giving buyers entering now roughly three years before keys. For an off-plan buyer, that window means staged payments during construction, with the full balance due by handover.
Three Ways to Pay
| Option | During Construction | At Handover |
|---|---|---|
| Option 1 | 50% | 50% |
| Option 2 | 35% | 65% |
| Option 3 | 65% | 35% |
Three payment structures are available. Option 1 splits the cost evenly between the construction period and handover. Option 2 reduces outlay during construction and concentrates the remaining balance at handover, which suits buyers who want to preserve liquidity while the project builds. Option 3 front-loads the construction phase and reduces the handover payment, working better for buyers who can commit more capital upfront.