Development of the Week: Sunshine Bay
Development of the week series brings you a terrific investment opportunity in Sunshine Bay by Source of Fate. Amidst the growing demand for high-end properties in Ras Al Khaimah, this could be the right project for anyone searching for 1 or 2-bed flats in the emirate. Let’s delve deeper and look at the list of amenities, interior and exterior design and pricing of Sunshine Bay.
ABOUT SUNSHINE BAY
Sunshine Bay is another addition to the freehold properties located in the man-made Al Marjan Island. This island has attracted a lot of foreign direct investment in the real estate sector, complimented by infrastructure development by the government.
Sunshine Bay by Source of Fate is located on the Island’s central islet, along the stunning northwestern coastline of Ras Al Khaimah. Residents will be able to enjoy the serene ocean view and also have direct access to the beach. Plus, the future Wynn Resort will be a short walk away.
Al Hamra Mall is also close by. Hence, whether you are planning to go watch the latest blockbuster or need a bit of retail therapy, you know where to go. Not to forget, the range of top restaurants that any foodie would love.
Sunshine Bay location means that one can reach Dubai International Airport in a little over half an hour. Similarly, with much investment going in improving road connectivity, travelling within RAK would be stress-free.
One thing that may be a consideration for families is that currently there are no schools in the area. However, as the population grows, by the time this project is completed, educational institutes are likely to open up. There is also the option of schools in Al Hamra Village or Al Hamra Industrial Area, which aren’t too far away.
Sunshine Bay is being tailored to make good on the promise of delivering a modern day dwelling with all the facilities one could hope for.
PROPERTIES
As discussed, you can find one and two-bed flats for sale in Sunshine Bay. Residents will discover a new level of opulence here with properties designed to maximise space and as well as being aesthetically pleasing. Bright, natural tones and expansive windows create airy, light-filled spaces; a sanctuary for the body and the mind.
From reflective metallic fixtures to carefully angled terraces, everything has been curated with a specific purpose. The terraces offering ocean front views will be an example of master craftsmanship. The minimalist interior marries beautifully with the expansive and grand exterior.
Two lush courtyards and a wellness centre are just two examples of the gamut of amenities on offer. Bay Collection, the signature first-floor apartments will come with lush gardens and private pools.
The starting price for a flat in Sunshine Bay is AED 980k.
SUNSHINE BAY PAYMENT PLAN
Here is a look at Sunshine Bay payment plan.
Milestone | Payment Plan |
|---|---|
Milestone On Booking Date | Payment Plan 10% |
Milestone On Signing SPA | Payment Plan 10% |
Milestone Upon 30% Construction | Payment Plan 5% |
Milestone Upon 50% Construction | Payment Plan 5% |
Milestone Upon 70% Construction | Payment Plan 5% |
Milestone Upon 90% Construction | Payment Plan 5% |
Milestone On Completion | Payment Plan 20% |
Milestone Within 6 months after completion date | Payment Plan 10% |
Milestone Within 12 months after completion date | Payment Plan 10% |
Milestone Within 18 months after completion date | Payment Plan 10% |
Milestone Within 24 months after completion date | Payment Plan 10% |
SUNSHINE BAY FEATURES AND AMENITIES
Here’s a list of Sunshine Bay features and amenities.
- Swimming pool
- Beach access and cabanas
- Water sports
- Kids pool
- Aqua oasis
- Running track
- Bamboo forest
- Gym and spa
- Floating cabana
- Waterfront bar
ABOUT THE DEVELOPER
Source of Fate is a relatively new entrant in the real estate market of the UAE, having opened in 2021. However, it has fast developed a positive reputation in the market and has a UAE pipeline portfolio valued at AED 10 billion. Their projects include luxury villa communities and high-end waterfront flats located in high-demand localities across the country.
FAQS ABOUT SUNSHINE BAY AL MARJAN ISLAND RAS AL KHAIMAH
WHAT KIND OF LIFESTYLE CAN I EXPECT WHILST LIVING ON THE ISLAND?
Check out our list of pros and cons of living in Al Marjan Island to get an idea of the lifestyle on offer.
WHICH ARE THE MOST POPULAR AREAS TO RENT FLATS IN AL MARJAN ISLAND, RAK?
Prefer to rent a flat? Here is a list of the most popular areas to rent flats in Al Marjan Island, RAK.
WHAT IS THE SUNSHINE BAY HANDOVER DATE?
Sunshine Bay handover date is Q4, 2027.
Ras Al Khaimah’s appeal for investors has grown significantly in recent years. The flow of foreign and local money is reflective of how the emirate is seen by businesses and professionals. As the population grow, the demand for properties like Sunshine Bay is likely to increase and offer any investor a lucrative return.
Title Image Credit: Sunshine Bay official website
