Edge Apartments

TL;DR: Edge Apartments by RAK Properties PJSC (Abu Dhabi Securities Exchange-listed, Government of Ras Al Khaimah 45% shareholder) is a yacht-inspired 11-storey waterfront tower on Raha Island within the 4-million-square-metre Mina Al Arab masterplan. Offering 237 units from studios (AED 750,000) to 2-bedroom penthouses (AED 2.9 Million), the development features unique lagoon-level chalets, an infinity pool, a clubhouse, and a skating park. Handover Q2 2027 with a 60/40 payment plan and optional 2-year post-handover terms. Located 20 minutes from Wynn Al Marjan Island — the UAE's first integrated gaming resort.

Introduction to Edge Apartments

Edge Apartments is a striking yacht-inspired waterfront residential tower developed by RAK Properties PJSC — a publicly listed company on the Abu Dhabi Securities Exchange (ticker: RAKPROP) with the Government of Ras Al Khaimah holding a 45% stake. Positioned on Raha Island within the expansive 4-million-square-metre Mina Al Arab master community in Ras Al Khaimah, this 11-storey development houses 237 residential units across a total development area of 7,627 square metres. Launched on May 31, 2024, at The One and Only Royal Mirage in Dubai, Edge is currently in its early construction phase (6.5% complete as of December 2025) with handover targeted for Q2 2027.

RAK Properties celebrates its 20th anniversary in 2025, having grown into Ras Al Khaimah's premier real estate developer with 2025 annual revenue of AED 1.84 billion (31% year-on-year growth), net profit of AED 404.30 million (44% growth), record sales value of AED 3.36 billion (142% increase), and total assets of AED 8.70 billion. The company's development backlog stands at AED 3.47 billion, representing an 87% increase and reflecting the accelerating momentum of the Mina Al Arab masterplan.

Location: Raha Island and Mina Al Arab

Raha Island is the flagship ultra-luxury development zone within RAK Properties' Mina Al Arab master community — a 4-million-square-metre (400-hectare) coastal development structured across three distinct districts: Raha Island (premium residential, hotels, marina, and beach clubs), Hayat Island (established residential community with the InterContinental hotel), and Lagoons (nature-integrated residential zones).

The island features over 2.5 kilometres of accessible public beaches, preserves more than 2 million square metres of mangroves and marine habitats (home to flamingos, dolphins, and turtles), and benefits from dual water frontage — flanked by the lagoon on one side and the Arabian Gulf on the other. Edge Apartments residents gain access to the broader Mina Al Arab ecosystem, which includes complimentary water transit across all three districts, Mina Boulevard (a walkable retail and dining destination with 137 outlets across 23,000 square metres of net leasable area), and Mina Yacht Club and Mina Wharf.

Key Drive Times from Edge Apartments:

• RAK International Airport: 10 to 25 minutes (approximately 18 kilometres)
• Sheikh Zayed Road access: 3 minutes
• Al Hamra Mall (120 or more stores, 45,000 square metres): 10 to 14 minutes
• Wynn Al Marjan Island: 20 to 30 minutes
• Dubai International Airport (DXB): 45 to 60 minutes (approximately 85 kilometres via E11 or E311)

Hotels within the Mina Al Arab community include the InterContinental Ras Al Khaimah Mina Al Arab Resort and Spa (351 keys, Hayat Island, operational), Anantara Mina Al Arab Resort (174 keys, operational since January 2024), and forthcoming partnerships with Four Seasons and Nikki Beach. On Raha Island itself, Armani Beach Residences (the world's first Armani-branded villas — 41 units, 4 to 6-bedroom configurations from AED 26.6 million, delivery Q1 2029) establishes the island's ultra-luxury credentials.

Architecture and Design

Edge Apartments takes its design inspiration from yacht architecture, with bold angular balconies cascading outward on corner units that evoke the grace of a yacht hull, creating a sculptural and dynamic silhouette on the Raha Island skyline. The building structure comprises 2 podium levels (housing 20 lagoon-facing chalets — 10 per podium level), 10 residential floors above the podium, and an 11th-floor penthouse level with just 2 exclusive units.

The exterior employs innovative finishes in glass and stone, with a premium facade treatment designed to complement the coastal environment. Interiors feature premium contemporary finishes, panoramic windows maximising sea and lagoon views from all orientations, and semi-furnished delivery including kitchen appliances. Smart home automation systems are integrated throughout every unit.

Unit Types and Pricing

Edge Apartments offers a diverse residential inventory across 237 units:

Studios: 375 to 517 square feet. Starting from AED 750,000 (approximately USD 204,000). Compact waterfront living with panoramic glazing.

1-Bedroom Suites: 616 to 633 square feet. Starting from AED 961,000.

1-Bedroom Premium: 754 to 940 square feet. Starting from AED 1,147,000 to AED 1,169,000.

1-Bedroom Chalets: 806 to 1,008 square feet. Starting from AED 1,300,000 to AED 1,332,000. These unique podium-level ground-floor units provide direct lagoon access through private terraces — a highly distinctive residential format within the Ras Al Khaimah market. 20 chalets are available across the two podium levels.

2-Bedroom Suites: 1,136 to 1,173 square feet. Starting from AED 1,800,000 to AED 2,350,000 depending on configuration.

2-Bedroom Penthouses (2 units only): 1,543 to 1,625 square feet (plus 38 square metres of expanded terrace). Priced at AED 2,856,000 to AED 2,900,000. Occupying the exclusive 11th floor with panoramic 360-degree views.

Payment Plan

RAK Properties offers two structured payment options:

Option A — Standard 60/40:

• 10% at booking
• 10% at 3 months from booking
• 40% during construction in 8 instalments of 5% each over 24 months
• 40% on handover (Q2 2027)

Option B — 60/40 with 2-Year Post-Handover:

• Same construction payment schedule as Option A
• Final 40% spread across 24 months after handover (through Q2 2029)

Freehold ownership is available to all nationalities. Properties valued at AED 2 million or above qualify for the UAE 5 to 10-year Golden Visa, with RAK Properties maintaining an exclusive partnership with RAKEZ (Ras Al Khaimah Economic Zone) for Golden Visa processing support.

Amenities and Lifestyle

Edge Apartments delivers a comprehensive resort-calibre amenity package:

Aquatic and Wellness: Infinity pool with horizon views, outdoor gymnasium and fitness centre, indoor gymnasium, wellness lounge and yoga area, and direct beach access to Arabian Gulf beaches.

Recreation and Social: Clubhouse and lounge bar with poolside seating, skating area and skateboarding park, barbecue deck, outdoor children's play area, children's club (indoor), and retail outlets with food and beverage at ground level.

Lifestyle: Pet-friendly spaces (pets permitted, breeding prohibited), landscaped outdoor deck with greenery, and waterfront promenade access.

Building Services: 24/7 security and CCTV, smart home systems, and covered parking.

The broader Mina Al Arab ecosystem provides additional lifestyle depth, including Flamingo Beach, mangrove kayaking and paddleboarding, and seasonal programming across the community's hotel and resort partners.

Investment Potential and Rental Yields

Ras Al Khaimah's real estate market is experiencing a transformational growth cycle, with total transaction value reaching AED 15.08 billion in 2024 — a 118% increase from AED 6.94 billion in 2023. Edge Apartments is positioned to benefit from multiple converging demand drivers.

Mina Al Arab apartment prices grew 21.8% in 2024 (Bayut data), with average pricing of AED 1,171 to AED 1,344 per square foot. Rental yields in Mina Al Arab are estimated at 4.5% to 7.5% for long-term rentals, with short-term rental returns reaching 11% to 20% during peak season for resort-adjacent properties. The broader RAK apartment market delivers average yields of 7.8%, with select buildings achieving 11.8%.

The single most significant catalyst for Edge's investment outlook is the opening of Wynn Al Marjan Island — the UAE's first licensed gaming and integrated resort — confirmed for Spring 2027, the same quarter as Edge handover. The Wynn Bridge infrastructure project is under construction to improve connectivity between Al Marjan Island and the broader emirate. RAK tourism targets 3 million visitors by 2030, up from 1.22 million in 2023. Edge's entry pricing from AED 750,000 represents a significant discount to comparable Dubai waterfront developments, while delivering access to a rapidly maturing luxury hospitality ecosystem.