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Townhouse & Sea Villas
Developed by RAK Properties, Granada is a residential complex located in Mina Al Arab, Ras al Khaimah. The family-friendly community consists of villas and townhouses, as well as recreation and leisure areas. Buildings have a modern Arabic style and are situated on pristine natural beaches. Residents have access to a swimming pool and lounge area that is surrounded by palm trees and landscaped areas.
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.
Units include dining rooms, kitchens, study areas, living rooms, and staff accommodations with private bathrooms. Buildings also have terraces and balconies. Interiors were designed using natural materials that are complemented with built-in furniture and modern plumbing.
Granada offers many profitable real estate investment opportunities. Properties have a return on investment rate of 5.7%. Units can be purchased to subsequently rent out. Villas and townhouses are located on the coast, which attracts the attention of investors and tenants. The annual rental rate for a 2-bedroom townhouse is AED 74K (USD 20K).
By investing AED 2M (USD 545K) or more in real estate, you become eligible to obtain a 10-year Golden visa. This visa also applies to your family and domestic staff.
*The price is valid for 2024
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