Our next RAK project to watch out for is the Mina Al Arab. This waterfront development was launched by RAK Properties, who are considered among the largest property developers in the UAE. The AED 5B Mina Al Arab development is slated to become the new social and entertainment hub of Ras Al Khaimah. Divided into six distinct districts, Mina Al Arab offers residents world-class amenities and residential villas, townhouses and apartment for rent and sale.