Mirasol

About Mirasol

Mirasol is the project that tells you what RAK Properties is doing with Mina Al Arab. Launched in January 2025 alongside the AED 5 billion Mina masterplan, it was the first building of the new island generation — and it sold out its first phase within a fortnight of launch.

The building is on Raha Island, the newer of Mina’s two residential islands, in the North Harbour district close to the marina and the yacht club. It carries 339 homes from studios and one-bedrooms to two-bedrooms, three-bedroom duplexes and penthouses, with a published size range of 387 to 3,925 sq ft. The architecture is stepped rather than sheer: the developer describes cascading roofs arranged so that the apartments behind still see the Gulf.

What to weigh. Mina Al Arab is a resort masterplan, not a city district, and Mirasol is priced as a resort address: AED 1,988 per sq ft at the studio entry on the factsheet, rising to about AED 2,500 per sq ft for the larger duplexes. That is roughly double what the same money buys in a Dubai mid-market tower, and the case for paying it rests entirely on the island, the beach access and the hotel cluster — InterContinental, Anantara and Nikki Beach are all within the masterplan.

The second thing to weigh is who you will be renting to. Ras Al Khaimah’s short-let market is driven by tourism and, increasingly, by Wynn Al Marjan Island, the casino resort under construction on the next island chain. That is a real demand driver and a real risk: it is a single asset with a single opening date, and its delay or success moves the whole emirate’s rental story. Nura’s own factsheet puts Wynn ten minutes away.

Third, the delivery record. RAK Properties has been building since 2005, has handed over more than 3,100 units and is listed on the Abu Dhabi Securities Exchange with roughly a third government ownership. That is a materially stronger counterparty than most launch-stage developers in this market. It is also a company whose first-half 2026 profit more than halved year on year, with a sales backlog of AED 3.3 billion and a stated intention to hand over around 1,300 homes during 2026 — a delivery-heavy year that is good for buyers waiting on keys and demanding on cash flow.

Compiled November 2026 from RAK Properties’ own project page and factsheet for Mirasol (unit count, sizes, starting prices, payment plan, completion, amenities), its launch and results announcements, and the listing portal’s project record for the portal-listed price. Prices are indicative, released in phases and subject to change. Details marked for confirmation should be checked before publication or purchase.

Homes, sizes and price

Mirasol’s factsheet is unusually specific: it lists every type, its size band and its starting price. The prices below are the developer’s own, from that document, and they are launch figures rather than a live availability list.

The portal’s from-price of AED 1.618 million sits between the one-bedroom premium and the two-bedroom on this table, which suggests it reflects the stock actually being advertised rather than the cheapest unit in the building. Neither figure is wrong; they answer different questions.

Read the size bands before the prices. A 776 sq ft one-bedroom premium and a 1,418 sq ft one-bedroom premium are both sold as “1-bedroom premium” and differ by nearly 650 sq ft — a study, a second bathroom or a much larger terrace. Ask for the unit’s number, floor and registered area, and price it per square foot rather than by type.

At these levels, the per-square-foot question matters more than in Dubai. On the factsheet the studio entry works out at roughly AED 1,990 per sq ft and the duplexes at about AED 1,560. If a unit is being quoted well above those numbers, it is either a better view, a higher floor or a later release — and you should be able to tell which.

Price and payment plan

The developer’s plan is 10% on booking, 40% during construction and 50% on handover. The portal records 10/20/70 for the same project, which is a materially different structure: it asks less of you before completion and much more at the keys.

For a buyer, the distinction is simple: the developer’s version needs 40% of the price in cash before the building exists, and the portal’s version needs 20% and then a much larger cheque at the end. Both are common in Ras Al Khaimah, and the second only works if you have mortgage pre-approval at handover. RAK Properties is one of the few developers in the emirate with an off-plan financing partnership in place — it signed one with RAKBANK in September 2026 — but approval is still a bank decision, not a developer promise.

Set the 4% RAK Land Department registration fee, the developer’s admin charge and the first service charge alongside the plan, and ask whether the construction instalments are tied to construction milestones or to calendar dates. Milestone-linked schedules are the ones worth having.

Amenities

Mirasol’s amenity deck is built around one idea: the podium as a resort. The published list is an oasis pool with Gulf views, sunken beds, an open-air cinema, a yoga studio with gym, steam and sauna, a children’s play area with splash pool, a lounge and juice bar, and — the item that gets repeated in every brochure — culinary programming with Michelin-starred chef Vicente Torres.

Treat the chef the way you would treat any brand partnership: ask what it actually obliges. A residency, a menu, a pop-up or a name on a wall are four very different commitments, and only the first two add anything to the building’s daily life. The pool, the gym and the cinema are the amenities that matter for resale and rent, because they are the ones residents use without being told to.

Ask for the service charge estimate per square foot, and specifically what the cinema, the pool plant and any hotel-style services cost to run. In a resort-style building, the amenity list is also the bill.

Where it is

Mirasol is on Raha Island, inside Mina Al Arab, in the district the developer calls North Harbour — close to the marina, the yacht club and the new Downtown Mina strip. The masterplan sits on the coast between Ras Al Khaimah city and the Hajar mountains, with 3.5 km of coastline, protected mangroves and more than 7,000 trees.

RAK Properties publishes two numbers that frame everything: 15 minutes to Ras Al Khaimah International Airport and 45 minutes from central Dubai by car. Nura’s factsheet adds Wynn Al Marjan Island at ten minutes and Dubai International at about 60. Those are drive times on a good day, and the Dubai figure depends entirely on where in Dubai you are going.

The location case is the hotel cluster and the beach: InterContinental, Anantara and Nikki Beach are all inside Mina, and a Four Seasons resort and branded residences has been announced for the masterplan. The location risk is that Mina is still filling in. The retail, the marina and the promenade are being built in phases, so the amenity you see in the render may be three years from the one you can walk to.

At a glance

• 339 homes on Raha Island, Mina Al Arab; studios to 3-bedroom duplexes and penthouses.
• Published sizes 387–3,925 sq ft; developer prices from AED 770,000 for a studio.
• Portal-listed from AED 1,618,000 — the two figures describe different stock.
• Plan 10/40/50 on the factsheet; the portal records 10/20/70.
• Completion Q1 2028, agreed by both sources.
• First phase sold out within two weeks of the January 2025 launch.
• 15 minutes to RAK airport, 45 minutes to central Dubai.

What we verify before you reserve

• The unit-by-unit price list and which units are actually available.
• The payment plan as written in the SPA, and whether it is milestone-linked.
• Escrow account and project registration with the RAK Land Department.
• The service charge estimate, with pool plant, cinema and any F&B programming separated.
• Exactly what the chef partnership obliges, in writing.
• The registered area of your unit against the marketed band.
• Construction progress and the contractor’s name, from the developer’s construction-update page.
• Recent lets and short-let performance in Mina Al Arab, not the emirate average.