Bay Residences
By Properties
Introducing Southbay, Bay Residences, the newest phase of the prestigious Bay Residences by RAK Properties, located on the desirable Hayat Island in Mina Al Arab. Prospective buyers can choose from a range of seafront studios, 1-3 bedroom apartments, and 3-bedroom duplexes with stunning ocean views. Property sizes range from 366 sq. ft. to 3,638 sq. ft.
Location Southbay, Bay Residences is conveniently located alongside Al Nakheel Blvd, easily accessible from Sheikh Mohammed Bin Salem Road. Residents will have quick access to Ras Al Khaimah International Airport and other popular destinations within 25 minutes. The project is also adjacent to Marbella Villas II, another development by RAK Properties.
Amenities Southbay, Bay Residences will be surrounded by excellent social infrastructure, including supermarkets, medical facilities, and academic institutions within a 30-minute walk. There are also trendy restaurants nearby offering international and fusion cuisine.
Economic Appeal Living in Southbay, Bay Residences offers the opportunity to be part of a vibrant seaside community near luxury resorts such as Intercontinental Mina Al Arab Resort and Anantara Mina Al Arab Ras Al Khaimah Resort.
Swimming Pool
Kids Play Areas
Public Beach Access
Retail
Retail And F&B Outlets
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Location
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Payment plan
| Milestone | Date | Monthly Cash (40/60) | 5 Years (40/60) | 7 Years (60/40) |
|---|---|---|---|---|
| First payment | Down payment | 5% | 5% | 5% |
| Second payment | within 30 daysDown payment | 5% | 5% | 5% |
| Third payment | Monthly (20 Installments) | 0.5% | 0.5% | 1% |
| Fourth payment | Every 6 months (4 Installments) | 5% | 2.5% | 5% |
| Fifth payment | On Handover | 60% | 10% | 10% |
| Sixth payment | Post-Handover | - | 60% | 40% |
