Must Sell |Lagoon View| Distress Sale | Investor Opportunity

Type

Apartment

Purpose

Sale

Furnishing

Unfurnished

Updated

8th May 2026

Completion Status

Off-Plan

Payment Plan

60/40

Handover

Q2 2027

Developer

RAK Properties

Project Name

Edge

🏠 Auction Details

Auction Date: 18 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
1️⃣ Visit https://property-auction.ae/my-account
2️⃣ Register & Verify Your Account
3️⃣ Submit a 10% Refundable Deposit (subject to Auction terms & conditions)
4️⃣ Bid Live

💼 Agency Fees: Only 2% of the final bidding price

🌟 Auction Highlights

Must Sell - Distress Sale – Lowest Price in the Market
Studio with Premium Finishes
Flexible 60/40 Payment Plan (40% Already Paid)
High ROI Potential in a Prime Waterfront Community
Transparent, Regulated, and Secure Online Auction

📋 Property Details

Project: The Edge, Mina Al Arab
Developer: RAK Properties
View: Lagoon View
Type: Studio Apartment
Floor: 5th
Size: 381 sq ft
Bathroom: 1
Category: Freehold
Status: Off-Plan
Handover: Q2 2027
NOC: AED 5100

💰 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)
Flexible Payment Plan – 60% During Construction / 40% on Handover (40% Paid)

📍 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 The Edge, Mina Al Arab
Developed by RAK Properties, The Edge is a stylish beachfront development that blends modern design with coastal living. Offering premium finishes and resort-style amenities, it’s one of Ras Al Khaimah’s most attractive investment opportunities.

🏛 About Prime Property Auctions LLC
Prime Property Auctions LLC – OPC is the first and only licensed private real-estate auction house in Ras Al Khaimah (License No. 62509), regulated by RERA & RAK Municipality, and a member of the RAK Chamber of Commerce (H-64620-2025).
We deliver transparent, compliant, and secure digital property auctions across the UAE market.

Posted on: 3rd November 2025