Overview
Soto Grande marks Ellington Properties' first major project in Ras Al Khaimah, positioned within Al Hamra, the established waterfront and golf community that has become a go-to address in RAK. The development offers studios through to three-bedroom apartments, starting from AED 1,000,000.
Al Hamra is well-regarded for a reason. The community has a functioning marina, a beach, and a golf course, along with a growing selection of dining and retail. It is genuinely liveable today, not a promise of what might come. Soto Grande taps into an area that already works.
Ras Al Khaimah as an emirate is attracting serious attention from investors. Hotel brands continue to expand there, and the government has invested heavily in tourism infrastructure. The entry price point at Soto Grande is considerably lower than comparable Dubai waterfront projects, which makes the math interesting for investors thinking about yield and capital growth.
Key highlights
- Studios to three-bedroom apartments in the established Al Hamra community
- Starting from AED 1,000,000, one of the more accessible entry points in the GCC waterfront market
- Al Hamra has a working marina, beach and golf course already in place
- Ellington-standard finish with quality materials throughout
- Ras Al Khaimah is attracting growing international hotel and investment interest
- Zero late-payment penalties on all Waasiya-brokered units
FAQs
Yes. This is a freehold development, open to buyers of any nationality, including those based outside the UAE. Our team can walk you through the full purchase process remotely if you are not in Dubai.
Waasiya operates on a shariah-conscious basis. We only broker off-plan units where the terms are free of riba-linked late-payment fees. If you have specific questions about how a project is structured, please talk to us.
RAK has moved from a relatively overlooked emirate to a genuinely interesting investment market in a short time. The government has been consistent in its investment in infrastructure and tourism. Entry prices are still lower than Dubai, which means yields tend to be better, and there is a realistic case for capital appreciation as the emirate continues to develop. Al Hamra in particular has strong fundamentals as a self-contained resort community.
The standard deposit for an off-plan purchase in Dubai is 20% of the purchase price. On this project, that works out to around AED 200,000 on a studio entry price. Waasiya's relationships with the developer mean we can sometimes negotiate more flexible payment structures for our clients. Get in touch and we can talk through what is realistic for your situation.
Ellington has confirmed Q4 2029 for Soto Grande. We track timelines and will let you know of any updates.
Ellington Properties
Ellington Properties is one of the better-known boutique developers in Dubai. They build fewer projects than most, but put considerably more thought into each one. Active in the UAE for over a decade, their attention to build quality and finish has earned them a strong following among serious investors.