RAK Properties, RAKBANK Launch Off-Plan Financing Solution

RAS AL KHAIMAH, UAE: RAK Properties and RAKBANK have partnered to introduce a new financing solution aimed at making off-plan property ownership more accessible to buyers in Ras Al Khaimah.

The exclusive offering will provide eligible customers with greater flexibility to access financing at different stages of the property purchase process, with a primary focus on off-plan and under-construction homes.

The solution is designed to support buyers from the construction stage through to handover, combining structured financing options with tailored offers and a more streamlined purchase journey.

Financing Available Across Selected RAK Properties Developments

Under the partnership, buyers can make a lower initial investment to access structured financing solutions, subject to eligibility and applicable terms and conditions.

The programme will be rolled out across a selection of RAK Properties developments, including Skai, Quattro Del Mar, Solera, NURA, Anantara Residences, Anantara Villas, ENTA, Lunara on The Strand, Mirasol 1, Mirasol 2, Beach Villas and The Edge.

The arrangement is intended to provide customers with greater certainty over financing earlier in the buying process, rather than relying solely on traditional mortgage arrangements closer to handover.

RAK Properties Targets Greater Buyer Accessibility

Sameh Muhtadi, Chief Executive Officer of RAK Properties, said: “Our goal at RAK Properties is to make owning a premium residence in Ras Al Khaimah as attractive and easy as possible. By partnering with RAKBANK on this exclusive product, we’re pleased to offer one of the most accessible home financing solutions on the market. More than a standard mortgage product, this highly tailored and flexible financial pathway gives buyers total confidence from the off-plan stage all the way to handover. With this first-of-its-kind solution, RAK Properties is setting a new benchmark within our Emirate’s fast-moving real estate sector.”

The partnership comes as Ras Al Khaimah continues to attract new residential development and investment activity across a growing pipeline of off-plan communities.

RAKBANK Expands Home Financing Support

Raheel Ahmed, Group Chief Executive Officer of RAKBANK, said: “Buying a home is one of life’s biggest milestones and, for many people, the fulfilment of a long-held dream. Our role is to help make that dream feel more achievable. Through our partnership with RAK Properties, we are giving eligible customers greater flexibility and support throughout the journey, from construction to the moment they receive the keys to their new home. It is another way we are making banking simpler, more human and more connected to what matters most in our customers’ lives.”

The financing solution adds another route for buyers considering off-plan property in Ras Al Khaimah, with the two companies positioning the product as a more flexible alternative across the full development and handover cycle.