Sof sunshine bay residences marjan island ras al khaima rak by sof source of fate developer built on the shoreline of the stunning manmade archipelago marjan island, sunshine bay is a residential development standing 12 floors that features a sailboat-themed design with balconies that seem to ripple like the sails of a catamaran.

Situated on the sea front, sunshine bay residents will expansive waterfront views, including the new wynn resorts & casino which is just 15 min walk away.

Beyond its breathtaking location, the sunshine bay boasts a resort-style atmosphere, complete with a lush green atrium and an array of outdoor leisure areas, ensuring unparalleled living experience.

Sunshine bay features a limited 240 residences in total, including premium studios, 1 & 2 bedrooms apartments, as well as the bay collection of first floor residences which feature private pools & lush gardens.

This development is an excellent investment sweet-spot to consider, not only looking into the above details, but also considering the astonishing payment, where 60% is construction-linked with as low as 10% down payment, and balance of 40% is payable from the key handover onwards over the next 2 years to which the rental income is certainly a big contributor.

Sunshine bay is set for completion by january 2027 with construction already at full swing on site and an active escrow account! It can– not get any better than this ! Keep scrolling, you’re already late! Ras al khaimah facts & figures :

located on the tip of uae, ras al khaimah enjoys a strategic location within 59 min from dxb international airport.

Rak is within 4 hours flying time to one third of the world’s population making it a strategic location for foreign investment rak offers 100% foreign ownership and profit repatriation with zero income & corporate taxations to investors rak is the 4th largest– in terms of land mass- of the seven emirates that make up the uae rak has a population of 0.4 million and a gdp of $ 11 billion; per capita gdp is $ 28,500 the ruler of rak is his highness sheikh saud bin sqar al qasimi, who is a member of the uae supreme council, the highest constitutional authority in the uae.

Rak is home to over 38,000 business from 100 countries, representing over 50 diverse economic fields.

Marjan island facts & figures :

al marjan is a 4 coral-shaped islands in a man-made archipelago al marjan:

4 islands ( breeze, treasure, dream & view) al marjan covers 2.7 sq km (nearly downtown dubai size- 2.9 sqkm) al marjan has 6 fully operational world-class hotels al marjan has 7.8 km of pristine beaches home to the $ 3.9 billion wynn resorts & casino, opening early 2027 jebel jais flight the world’s longest zipline ( 2,83 km ) jebel jais ( the highest mountain pick in the region with 1,934 m) 1484 by puro ( the uae’s highest restaurant with 1,484 m) sunshine bay facts & figures :

waterfront development (#240 units) 2b + g + p + 12 residential floors featuring studios, 1br & 2br apartments as well as the bay collection ( studios, 1br & 2br ) the bay collection:

signature first-floor apartments with private pool & lush gardens kitchens fully equipped ( siemens ) 3.25 m ceiling height 2 lush courtyards featuring reflective ponds & cascading gardens extending 47m up! A plethora of amenities including:

indoor gym infinity pool kids playground outdoor fitness area billiard room bbq area business lounge outdoor yoga deck kids pool sun lounge atrium garden health club featuring sauna & steam anticipated completion date january 2027 service charge aed 15 per sqft per year sunshine bay rak configuration:

no of bedrooms size starting price studio apartments (#) 439 sqft – 507 sqft aed 980,000 1br apartments (#) 790 sqft – 816 sqft aed 1,400,000 2br apartments (#) 1,342 sqft – 1,411 sqft aed 2,490,000 the bay collection 724 sqft – 2,300 sqft aed 1,470,000 sunshine bay rak payment plan:

10% on booking date 10% on spa ( contract’s signing ) 5% in 30% construction 5% in 50% construction 5% in 70% construction 5% in 90% construction 20% by completion january 2027 10% in 6 months after keys handover 10% in 12 months after keys handover 10% in 18 months after keys handover 10% in 24 months after keys handover in other words, the developer is committing to delivering the keys on 60% payment only with ability to have the rental income to contribute to covering the balance 40% payable over the next 2 years.

Sunshine bay marjan island rak – launch :

sunshine bay marjan island rak – teaser

sof source of fate – developer in a nutshell

established in 2021, being led by mr.

Majid jack hsiung who boasts over 20 years of property experience across residential, retail, office and leisure projects throughout the middle east & asia.

Source of fate has a pipeline of five projects over the next 12 months with a total value of aed 10 billion ( $ 2.7 billion ).

Source of fate developer is part of the dubai conglomerate wheel of fate.