St.-3BR
Bedroom Apartments
1,500,000 AED
Starting Price
2026 Q4
Handover
FLOOR PLAN
DESCRIPTION
Discover Porto Playa, an exclusive 10-storey residential complex brought to life by Ellington Properties and RAK Properties, nestled on Hayat Island in Ras Al Khaimah’s Mina Al Arab. Offering a diverse selection of dwellings, from studios to spacious 1-3 bedroom apartments, alongside eight 2-bedroom townhouses and four lavish 3-bedroom villas. Notably, there’s a singular 4-bedroom presidential suite available for acquisition.
These residences boast sizes ranging from a cozy 455 sq. ft to a generous 6,323 sq. ft, each featuring a convenient laundry room and one or more balconies, presenting picturesque beachfront and sea vistas.
Porto Playa ensures an unparalleled lifestyle with an array of top-tier amenities including a private beach, beach club, volleyball area, infinity-edge pool, clubhouse, cabanas, fitness and yoga studios, a business hub, teen’s arcade room, meditation space, mini-golf, picnic lawns, hammocks, BBQ deck, and children’s playground.
Studios and 1-bedroom apartments offer one parking space, while 2-4 bedroom units enjoy the privilege of two parking spots, making living at Porto Playa a luxurious and convenient experience.
Property Information
- Location                                         Hayat Island, Ras Al Khaimah, UAE
- Developer                                      Ellington Properties
- Status of Project                           In progress
- Type of Project                             Residential Tower, Townhouses, Villas
- Available Units                              Studios – 3BR Apartments, 2BR Townhouses, 3BR Villas, 4BR Presidential Suite
- Area from                                       455 sq. ft.
- Payment Plan                                 50/50
Property Prices
As of September 2023, a 1-bedroom apartment at Porto Playa starts at AED 1.5M (USD 408K). The expected service charge is approximately AED 12 (USD 3) per square foot.
Payment Plan
- 20%Â Â Â On booking
- 5%Â Â Â Â Â 90 days after the reservation date
- 5%Â Â Â Â Â 180 days after the reservation date
- 5%Â Â Â Â Â On completion of 20%
- 5%Â Â Â Â Â On completion of 30%
- 5%Â Â Â Â Â On completion of 40%
- 5%Â Â Â Â Â On completion of 50%
- 50%Â Â Â Handover in 2026 Q4
Location
Porto Playa ensures superb connectivity to Ras Al Khaimah’s mainland via Sheikh Mohammed Bin Salem Road, offering access to Ras Al Khaimah International Airport within a convenient 30-minute drive. Dubai is also easily reachable, just over an hour away.
Within a 10-minute drive, residents will find essential amenities including grocery stores, schools, and more, such as:
- Al Jazeera Al Hamra School C1
- Vets24 Veterinary Clinic
- Zain Medical Center
- Choithrams Mina Al Arab
- Bloom Supermarket
- Dining options: Hooked Seafood Restaurant, Shrimp Pot Seafood Restaurant RAK, Burgery, and Barista Vibes.
Economic Appeal
Porto Playa, a promising development, anticipates completion by Q4 2026. Unlock ownership through a convenient 50/50 payment plan, initiating with a minimal 5% down payment during construction. Moreover, investing AED 2M (USD 545K) or more grants eligibility for a valuable 10-year Golden Visa. This visa allows sponsorship for family members and domestic staff to join in the UAE.
Mina Al Arab boasts an impressive 6% average return on investment (ROI). Presently, the starting rental price for a 1-bedroom apartment stands at AED 28K (USD 8K) as of September 2023, marking a 16% growth from Q2 2023, when it was AED 24K (USD 6.5K). These robust figures promise an attractive passive income stream, with continued growth prospects as the area flourishes.
FAQ
RAK Properties and Ellington Properties are collaborating on the development of Porto Playa.
It’s situated at Hayat Island within the Mina Al Arab area of Ras Al Khaimah.
The accommodations available include studios, apartments with one to three bedrooms, eight townhouses with two bedrooms, four villas with three bedrooms, and a luxurious four-bedroom presidential suite.
The projected finish date is scheduled for the fourth quarter of 2026.
You’re enrolled in a payment scheme splitting the cost 50/50, with an initial payment representing only 5%.
As of September 2023, the starting price for a one-bedroom apartment in Porto Playa stands at AED 1.5 million (equivalent to USD 408,000).
In this scenario, you do have the chance to acquire a visa that extends over the long term.
If you opt for a property valued at AED 2 million (equivalent to USD 545,000) or above, you’ll qualify for a 10-year Golden Visa.
The property complex is freehold, allowing individuals of any nationality to enjoy complete ownership of the property.
 Investing in real estate in Mina Al Arab offers a solid return on investment, averaging a 6% ROI, making it a highly favorable option.
The waterfront development caters to a diverse range of potential residents, be it individuals, young couples, or families with children. Embrace a tranquil lifestyle with exclusive access to a private beach, providing a serene escape from the urban hustle and bustle.
Hayat Island resides a mere 10-minute drive from essential amenities like supermarkets, schools, medical facilities, and beyond. Notable among these are Al Jazeera Al Hamra School C1, Vets24 Veterinary Clinic, Zain Medical Center, and Choithrams Mina Al Arab, among others.
