Gateway Residences Phase 2 By Rak in Mina Al Arab
Gateway Residences Phase 2 By Rak · Mina Al Arab, Dubai
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Launch Price
AED 1.05M
Property Type
Apartment
Bedrooms
1 - 2 Beds
Payment Plan
10/30/10/50
Handover
TBC
Projected Yield
5.2 to 7.0%
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
From AED 7,500/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 105,000 Due on signing SPA |
|
| Construction Phase 1 | 30% | AED 21,000/mo 15 monthly instalments |
|
| Construction Phase 2 | 10% | AED 7,500/mo 14 monthly instalments |
|
| On Handover | 50% | AED 525,000 Due at TBC |
|
| Total | AED 1,050,000 | ||
On Booking
10%
AED 105,000
Due on signing SPA
Construction Phase 1
30%
AED 21,000/mo
15 monthly instalments
Construction Phase 2
10%
AED 7,500/mo
14 monthly instalments
On Handover
50%
AED 525,000
Due at TBC
Total
100%
AED 1,050,000
Questions about Gateway Residences Phase 2 By Rak
What payment plan does Gateway Residences Phase 2 By Rak offer?
Gateway Residences Phase 2 By Rak uses a 10/30/10/50 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in TBC.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Gateway Residences Phase 2 By Rak fits your budget and send you comparable alternatives.
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