Location: Ras Al Khaimah (RAK) Central— Ideally situated in a rapidly growing emirate poised for exponential tourism and investment growth. Strategically close to Al Marjan Island, near major infrastructure projects, tourist attractions, theme parks, and lifestyle amenities.
Commercial Retail
Colibri Views Retail
Property
Colibri Views by Major Developments
Project Overview
- Mixed-Use Residential Tower with Ground-Level Retail
- Developed by Major Developers, a global firm with projects in 40+ countries and over $1 billion in assets under construction
- Features Patrice Evra’s exclusive Footbot football simulator
- Fully Furnished Apartments: Studio, 1BR, 2BR, 3BR
- Modular, space-saving layouts with smart convertible furniture
- First-of-its-kind Sky Pool Beach on the rooftop
Building Configuration
Structure: G + 32 Floors
Residential Floors: Levels 1 to 32
Dynamic layout options across Studio, 1BR, 2BR, and 3BR configurations
Apartment Sizes:
- Studio – From 410 sq. ft.
- 1-Bedroom – From 600 sq. ft.
- 2-Bedroom – From 910 sq. ft.
Retail Overview
- Total Units: 15
- Sizes: From 298 sq. ft. to 570 sq. ft.
- Starting Price: From AED 2,475 PSF *******CONTACT US FOR SPECIAL NEGOTIATED PRICE
- Payment Plan: 60/40
- Completion Date: Q4 2028
- Some retail units overlook Pool & Amenities while others face the Retail Park
Amenities & Lifestyle
- Footbot Football Simulator (by Patrice Evra)
- Japanese Garden & Sky Observatory Deck
- Infinity Pool, Jacuzzi, Aquatic Gym
- Indoor & Outdoor Gyms, Zumba Decks, Yoga Zone
- Outdoor Library, Event Area, Co-Working Lounge
- Cigar Lounge, Spa, Beauty Salon, Clinic
- Kids’ Pool & Play Zone, Party Hall, Table Tennis, Trampoline
- Prayer Room and Wellness-Oriented Features
Views
- Panoramic views of the Arabian Sea and the Ras Al Khaimah coastline
- Direct sightlines to the upcoming Wynn Resort and Al Hamra Golf Course
- Lush green landscape of RAK Central Park
- Framed skyline vistas from full-height glazing and open balconies
Illustrative model
Scenario modeller
Set your own assumptions and see how Colibri Views Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Nothing to calculate yet
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are actually considering.
How each figure is calculated
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell’s Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.