Dubai, UAE — HIVE and RAK Properties have unveiled ENTA Mina, a RAK waterfront mixed-use development featuring 119 residential units integrated with the region’s largest on-site coworking hub on Ras Al Khaimah’s coastline. The project, strategically positioned 45 minutes from Dubai, marks a shift toward fully integrated living concepts in the emirate’s rapidly maturing property market.
Market Context
The launch arrives as Ras Al Khaimah’s real estate sector records exceptional momentum, with property values surging 13.8% in H1 2025 and apartment prices climbing up to 35% year-over-year, according to Valustrat. Real estate transactions in the emirate reached AED 13.06 billion in Q1 2025—an 862% increase from AED 1.36 billion in the previous year. RAK Properties itself reported year-to-date revenue growth of 31% to AED 1,165.50 million, with net profit rising 79% to AED 216.82 million.
This RAK waterfront mixed-use development trend aligns with broader shifts across the UAE, where integrated communities combining residential, commercial, and leisure elements are commanding premium investor attention. Dubai’s off-plan property sales surged 43% in Q2 2025, driven by foreign investment and flexible payment structures that have particularly attracted Indian buyers, who accounted for 22% of all Dubai property transactions in 2024.
Project Specifications
ENTA Mina comprises studios, one-bedroom, and two-bedroom apartments starting from AED 896,000 for studio units. The development occupies a prominent position within Mina, RAK Properties’ flagship master-planned destination featuring a 5-kilometer beachline, mangroves, and branded hospitality projects including Giorgio Armani, Four Seasons, and Anantara properties.
Also read: Pantheon Development Breaks Ground on One RAK Central in Ras Al Khaimah
“ENTA was born from the belief that homes should inspire – not just shelter,” said Bass Ackermann, CEO of HIVE. “With ENTA Mina, we are introducing a new era of living in Ras Al Khaimah, one that blends community, creativity and convenience within a fully managed, connected neighborhood.”
Integrated Amenities
The RAK waterfront mixed-use development dedicates over 2,000 square meters across three floors to coworking facilities exclusively for residents, including hot desks, private offices, meeting rooms, and breakout lounges. This integration responds to growing demand for flexible workspace solutions, with the UAE coworking market valued at USD 73.80 million in 2025 and projected to expand at 7.46% annually through 2033.
Additional amenities include cold plunge pools, infrared saunas, outdoor cinema, yoga decks, fitness centers, chef’s kitchens, and waterfront promenades. Integrated food and beverage outlets, concept stores, and community event programming managed by HIVE aim to foster resident engagement.
Investment Profile
Mohab Samak, Head of Metropolitan Premium Properties Master Agency Services Division, noted the project’s positioning as the exclusive agency. “The combination of visionary developers, investor-friendly pricing and the concept of fully integrated living managed by HIVE makes ENTA a rare opportunity for both end-users and investors looking to tap into RAK’s booming property market,” Samak said.
Also read: Wasl Group Acquires Prime Beachfront Plot at Marjan Beach in RAK
The development offers 50/50 and 35/65 payment plans, with optional furniture packages enabling immediate leasing or occupancy upon completion. Waterfront properties in RAK’s Mina Al Arab area currently deliver rental yields ranging from 8% to 12%, according to market data, with five-bedroom villas reaching returns of 5.91%.
Residential properties in Ras Al Khaimah are projected to appreciate 5% to 8% in 2025, with waterfront assets forecast at 10% to 15% growth, per Omnia Capital Group. The emirate’s residential stock is expected to double by 2030, with more than 11,000 units scheduled for completion, according to Savills research.
RAK Properties maintains a AED 5 billion development pipeline for 2025 supporting Mina’s expansion as part of RAK Vision 2030. The emirate’s introduction of long-term residency visas, strategic logistics positioning, and tourism infrastructure—including the upcoming Wynn Resort—continue attracting foreign investment and corporate relocations.
Analysis For Indian Investors
For Indian investors exploring opportunities beyond Dubai’s competitive market, this RAK waterfront mixed-use development presents several strategic advantages. The AED 896,000 entry point remains significantly below comparable Dubai Marina or Business Bay studio prices, while RAK’s documented 35% price appreciation and 11% rental yields surpass typical Indian metropolitan returns of 2% to 4%.
Indians currently constitute the largest foreign investor group in UAE property, channeling approximately AED 35 billion into Dubai transactions in 2024. RAK’s tax-free rental income structure, 4% Dubai Land Department registration fees, and India-UAE Double Taxation Avoidance Treaty compliance enhance net returns compared to domestic alternatives. Additionally, property investments exceeding AED 2 million qualify for UAE Golden Visa eligibility, providing long-term residency pathways.
The integrated coworking component addresses hybrid work trends accelerated post-pandemic, particularly relevant for technology professionals and entrepreneurs within India’s expanding remote workforce demographic. RAK’s 45-minute proximity to Dubai International Airport and established connectivity infrastructure reduce geographic barriers while maintaining distance from Dubai’s premium pricing.
However, prospective investors should monitor RAK’s substantial 14,000-unit supply pipeline scheduled through 2029, which may influence absorption rates and rental dynamics as tourism and corporate demand scales. Currency hedging strategies for INR-AED fluctuations and verification of developer track records remain prudent due diligence steps, particularly given RAK Properties’ established portfolio of 3,100 delivered homes.
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