Azure by Lapis Properties in Ras Al Khaimah is a waterfront residential development offering studios from AED 600,000, 1 BR from AED 900,000, and 2 BR apartments. RAK waterfront address in proximity to Al Hamra Village and Marjan Island — the two most active real estate zones in RAK. Estimated rental yield of 6-8% gross.
RAK real estate has attracted significant NRI attention in 2025-2026 as Dubai entry prices have risen. RAK delivers the UAE lifestyle — no income tax, Golden Visa from AED 2M, UAE banking and connectivity — at 40-60% below Dubai PSF. The Wynn Marjan Island opening in 2027 adds a tourism and hospitality catalyst that is structurally driving RAK values ahead of the opening.
Lapis Properties is a RAK-focused developer with a track record of delivering quality residential projects in the emirate. Azure targets NRI investors seeking a UAE waterfront entry below AED 1M. Contact IA Wealth Dubai for the specific site, floor plans, payment plan, and handover date.
Representative images — Lapis Properties developments