RAK Properties has launched Verde Villas, the latest residential project on its Hayat Island master-planned development. 

Verde Villas consists of 16 townhouses, spread across two residential clusters on Hayat Island, RAK Properties’ flagship project in Ras Al Khaimah.

Managing director and chief executive officer of RAK Properties, Mohammed Sultan Al Qadi, said: “We are incredibly pleased with the response that Verde Villas have had so far.

“Following the launch of Northbay Residence on Hayat Island, we will continue to add to our portfolio based on a strategically defined map.”

READ: RAK Properties sees double digit net profit growth in 2017

RAK Properties launched the 811,420m² mixed-use development Hayat Island in September 2017.

The residential part of the island features approximately 2,452 apartments: five studios, seven lofts, eight three-bedroom duplex apartments, and 1,117 one-bedroom, 1,030 two-bedroom, and 385 three-bedroom units. 

The Hayat Island development includes 3,544m of planned coastline and 1,360m of sandy beaches, according to RAK Properties.

Meanwhile, RAK is on track to open the Anantara Mina Al Arab resort in 2020. The overwater villa complex in the Emirate of Ras Al Khaimah is progressing as planned, the company said at the start of April.

The Anantara Mina Al Arab hotel will have 306 rooms and will be operated under Intercontinental Hotel Group’s umbrella.

In December 2016 RAK Properties was reported to have awarded Al Nuaimi Group an $8m (AED30m) enabling works contract for the project. Al Nuaimi Group's contracted scope included piling and earthworks activities.