RAK Properties launches sale of three-tower development

02/03/2026 06:56 AST

RAK Properties, a leading UAE real estate developer, has announced the sales launch of Lunara on The Strand - a prime development featuring 583 homes across a collection of three connected towers in the northern emirate of Ras Al Khaimah - on March 5.

The Strand is RAK Properties' recently launched new destination located within the highly sought-after Marjan Beach District, said the developer in a statement.

The prime project encompasses 49,500 sqm of GFA, representing almost AED1 billion ($272.2 million) of The Strand's overall anticipated gross sales value of AED12 billion ($3.26 billion).

Construction work on the project is scheduled to begin in Q4 and is due for completion in Q1 2029, stated the developer.

Available units include a mix of one- and two-bedroom apartments as well as a three-bedroom penthouse, with competitive prices starting from AED1.28 million.

A total of 14 retail and 8 F&B spaces will complement the vision of RAK Properties and Vision 2030 by prioritising independent, UAE-grown vendors as part of a dynamic and authentic ecosystem, it added.

On the new project, CEO Sameh Muhtadi said: "We are excited to bring Lunara on The Strand to market, representing the next stage in RAK Properties' overall growth journey. As a destination that supports connected living across a vibrant and walkable community, The Strand has been carefully designed to empower residents who are seeking more than just a new home, but a whole new way of living."

"As the first community to be launched as part of The Strand masterplan, Lunara on The Strand sits at the core of Ras Al Khaimah's new Marjan Beach District. As such, residents will enjoy easy access to an upcoming portfolio of beachfront hotels, a large public park, and upgraded transportation infrastructure," he stated.

RAK Properties said the prime project, while supporting connected living through a focus on amenities that empower contemporary lifestyles, is well suited to meet the diverse needs of the next generation of residents drawn to Ras Al Khaimah's mix of economic growth, investment opportunity and exciting real estate options.

Lunara on The Strand will mature into a bustling hub with state-of-the-art co-working zones, diverse leisure options, and busy streets that prioritise convenience and connectivity, it stated.

The Strand is strategically positioned to benefit from the upcoming Wynn Resort, the UAE's first integrated destination which will be connected to the mainland by the purpose-built Wynn Bridge.

Trade Arabia