AED 1,050,000
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4,319 AED/monthAuction | Distress Sale | Lagoon View I Vacant
• Auction Date: 11 November 2025 | Ends: 6:00 PM
• Permit No.: 20251001 – (Real Estate Regulatory Administration – RAK Municipality)
• Conducted By: Prime Property Auctions LLC – Licensed & Regulated
How to Participate
- Visit: //property-auction.ae/my-account
- Register & Verify Your Account
- Submit a 10% Refundable Deposit (subject to Auction terms & conditions)
- Bid Live
Agency Fees: 2% of the final bidding price
Auction Highlights
• Must Sell – Distress Sale – Lowest Price in the Market
• 1-Bedroom Apartment with Premium Finishes
• High ROI Potential in a Prime Waterfront Community
• Transparent, Regulated, and Secure Online Auction
Property Details
• Project: Gateway 2, Mina Al Arab
• Developer: RAK Properties
• View: Lagoon View
• Type: 1-Bedroom Apartment
• Floor: 1st Floor
• Size: 944 sq. ft.
• Bathrooms: 2
• Category: Freehold
• Status: Ready
Investment Advantages
• Below Market Value Distress Deal – Subject to seller approval as per Auction terms and conditions
• Located in Mina Al Arab – RAK’s Fastest-Growing Luxury Destination
• Premium Beachfront Lifestyle & Developer Reputation (RAK Properties)
Location Highlights
• 25 minutes → Ras Al Khaimah International Airport
• 45 minutes → Dubai International Airport
• Located within Mina Al Arab’s beachfront community, surrounded by retail, dining, and leisure destinations, including InterContinental Hotel & Resort and Anantara Resort
About Gateway 2, Mina Al Arab
Developed by RAK Properties, Gateway Residences 2 is a luxurious waterfront community in Hayat Island, Ras Al Khaimah. The project stands out with its modern architecture, elegant interiors, and and seamless blend of comfort and coastal sophistication seamless blend of comfort and coastal sophistication
Property details
Property Type
Apartment
Property Size
944 sqft / 88 sqm
Bedrooms
1
Bathrooms
2
Available from
3 Nov 2025
Amenities
Central A/C
Balcony
Shared Pool
Security
Covered Parking
Built in Wardrobes
View of Water
View of Landmark
Pets Allowed
Shared Gym
Project information
Location

Price Insights
This property costs 6% more than the average price of 1 bedroom in Mina Al Arab
Average Sale Price is 991,014 AED
This property is 19% bigger than the average size of 1 bedroom in Mina Al Arab
Average size is 791 sqft
The data displayed is based on average prices and sizes of all listings that were live on Property Finder in Mina Al Arab
Provided by
Wael Gad
No ratings
Prime Property Auctions LLC
See agency properties (9)Experience
14 years
Languages
English, Arabic
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Monthly payment
4,319 AED
with interest rate of
3.75%
Regulatory information
Regulatory information
Reference
01K95D6HJG0TNZ8QA6XTA8Y32R
Listed
8 hours ago
Broker License
62509
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