RAK Properties Discloses a Mina Masterplan for 2025 Worth $1.3B

In January, RAK Properties revealed the master plan for Mina. It is a $1.4 billion (AED 5M) luxury waterfront project in the emirate and will feature upscale homes, hotels, a yacht club and fine dining. The first phase, Mirasol, offers resort-style living with premium amenities on Raha Island.

RAK Properties

Designed for sustainability and high-end living, Mina will boost RAK’s economy and attract investors. The upcoming project in RAK will also help position the emirate as a top real estate and tourism hub in the UAE.

One more Dubai property news making headlines is the launch of Crypto Tower, the first of its kind. As a project by DMCC and REIT Development, the 17-storey tower will be built in Jumeirah Lake Towers (JLT), integrated with advanced AI solutions. It will also have a leasable space of around 150,000 square feet with office spaces and will feature an exotic car dealership.

The Crypto Tower will feature smart contracts for property transactions, NFT-based ownership options and high-tech security powered by blockchain. Its launch highlights Dubai’s commitment to embracing the digital economy and attracting global crypto investors. Also, the expected completion date of the tower is 2027.