RAK Properties is happy to announce the launch of the second phase of its ever popular project, Granada, in Mina Al Arab, Ras Al Khaimah. Interested buyers have the opportunity to choose from a collection of just 80 exclusive 2-3 bedroom townhouses.
As of Q1 2024, the starting price for a property in Granada is AED 1.8M (USD 490K). For detailed information on payment plans and unit availability, please register your interest on our website.
In terms of renting out property, the annual rate for a 2-bedroom townhouse stands at AED 74K (USD 20K) with a 5.7% ROI, a competitive rate that promises a good return on initial investment.
Properties include three- and four-bedroom villas and townhouses. Two-level units have a laconic architectural style that features rectangular shapes and a light colour palette. Residents can take advantage of shaded terraces that were designed to keep interiors cool.
In March 2024, the developer launched the second phase of Granada, featuring just 80 residences. These include 2-3 bedroom townhouses approximately 1,825 sq. ft in size.
