Sunshine Bay

Sunshine Bay is a luxury 12-story waterfront residential tower on Al Marjan Island, Ras Al Khaimah, developed by Source of Fate Properties. The building's architecture is inspired by a sailing catamaran, with balconies designed to resemble billowing sails. It offers studios, 1-2 bedroom apartments, and premium Bay Collection residences.

Sunshine Bay offers studios, standard 1-2 bedroom apartments, and premium 1-2 bedroom residences under The Bay Collection. Unit sizes range from 439 sq ft to 2,300 sq ft, catering to both compact living and spacious luxury. All units come with fitted kitchens as standard.

The Bay Collection is a premium tier within Sunshine Bay, positioned on the ground floor with direct access to private pools or jacuzzis and private gardens. These residences offer a villa-style feel within a high-rise setting, combined with full access to all communal amenities in the tower.

Residents have access to an infinity pool, indoor and outdoor gyms, outdoor yoga areas, a sauna and steam room, barbecue zone, business lounge, and a billiards room. Families benefit from a dedicated children's pool and playground. Two landscaped courtyards feature ornamental ponds and 154-foot cascading gardens.

Sunshine Bay is a 15-minute walk from Wynn Al Marjan Island, the UAE's first integrated resort and casino, which is scheduled to open in 2027. This proximity is a significant draw for both residents and investors, as the Wynn development is expected to substantially increase property values and tourism traffic in RAK.

Within a 10-minute drive are Al Hamra Golf Club — a DP World Tour venue — and Al Hamra Mall with 120+ shops, 12 restaurants, a Spinneys supermarket, and RAK Medical Center. JW Marriott, Pullman, and Hampton by Hilton hotels are all on Al Marjan Island. Dubai is approximately one hour away by car.

As of Q4 2024, properties on Al Marjan Island in this category yield an average ROI of around 6%, with starting annual rental rates at AED 42,000 (approximately USD 11,000). The proximity to the Wynn resort, which opens in 2027, is expected to push rental demand and capital values higher. The 60/40 payment plan also reduces upfront capital commitment.

Yes — buyers whose property value reaches or exceeds AED 2,000,000 (approximately USD 545,000) are eligible to apply for a UAE Golden Visa. The visa covers the buyer, their immediate family members, and household staff. This makes Sunshine Bay units at higher price points a dual benefit: residency and investment return.