Gateway Residences Phase 2 By Rak in Mina Al Arab
Gateway Residences Phase 2 By Rak covers 1 - 2 beds configurations in Mina Al Arab, Ras Al Khaimah, from AED 1.05M. Payment plan options are available directly through the developer. Market conditions in Mina Al Arab support projected gross yields between 5.2 and 7.0 percent per year for this category of off-plan. Use MonthlyDubai's free matching service to check whether Gateway Residences Phase 2 By Rak fits what you can comfortably pay each month.
Payment Plan Breakdown
Minimum monthly instalment during construction: AED 7,500. No mortgage or bank approval required.
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 105,000 Due on signing SPA | |
| Construction Phase 1 | 30% | AED 21,000/mo 15 months | |
| Construction Phase 2 | 10% | AED 7,500/mo 14 months | |
| On Handover | 50% | AED 525,000 Due at TBC | |
| Total | 100% | AED 1,050,000 |
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