Latest news with #BassAckermann
Arabian Post
25-05-2025
- Business
- Arabian Post
RAK Properties Launches Enta Mina to Attract Young Professionals
Arabian Post Staff -Dubai RAK Properties has unveiled Enta Mina, a 119-unit premium residential development in Ras Al Khaimah, developed in collaboration with HIVE and ARM Holding. The project aims to cater to the growing demand for integrated living and working spaces among young professionals and entrepreneurs. Enta Mina is situated within Mina Al Arab, RAK Properties' flagship community. The development comprises two buildings: a 117-unit HIVE-branded coliving space and a 116-unit residential building available for purchase. The HIVE building offers a plug-and-play living experience, emphasizing flexibility, community, and convenience. ADVERTISEMENT The project includes 2,000 square meters of coworking space, marking HIVE's first public workspace in Ras Al Khaimah. This facility features dedicated desks, private offices, meeting rooms, quiet zones, event spaces, and a coffee bar. Residents have complimentary access to these amenities, while the public can choose from various membership plans. Additional amenities in the HIVE building include a flexible work lounge, listening room, chef's kitchen, outdoor areas, and a private pool with scenic views. An all-day eatery will serve residents, coworking members, and the broader Mina Al Arab community. Mohammad Al Shehhi, CEO of ARM Holding, stated, 'We are pleased to announce our partnership with RAK Properties to develop HIVE Ras Al Khaimah. This collaboration represents a significant step forward in our journey, reinforcing our commitment to creating forward-thinking residential communities that align with the dynamic lifestyles of young professionals.' Bass Ackermann, CEO of HIVE, added, 'This collaboration seamlessly merges HIVE's innovative living concept with RAK Properties' desire to create a vibrant destination for young entrepreneurs and professionals. It is a merging of expertise, dedicated to shaping distinctive, community-centric living spaces that resonate with the unique aspirations for Mina Al Arab.' RAK Properties is experiencing robust growth, with a 28% increase in revenue to AED 370 million in Q1 2025 compared to the same period in 2024. The company has over 3,000 units under construction and plans to deliver more than 800 units in 2025, marking its busiest operational year. The launch of Enta Mina aligns with RAK Properties' broader vision for Mina Al Arab, which includes a AED 5 billion development pipeline featuring residential, retail, hospitality, and waterfront infrastructure. The Mina masterplan encompasses three districts: Raha Island, Hayat Island, and Lagoons, designed to offer a dynamic hub for authentic island living, sustainability, and community.
Mid East Info
23-05-2025
- Business
- Mid East Info
RAK PROPERTIES GROWS RESIDENTIAL PORTFOLIO OFFERING WITH THE LAUNCH OF ENTA - Middle East Business News and Information
Ras Al Khaimah, UAE – 23 May 2025: RAK Properties, Ras Al Khaimah's leading publicly listed property developer, continues to expand its residential product offering with the launch of ENTA MINA – a new design led apartment concept developed in partnership with HIVE and A.R.M Holding. ENTA MINA, consisting of 119 character-rich residences, is a new, design-forward residential brand, catering to a new generation of homebuyers and occupants. ENTA MINA seeks to offer a complete lifestyle ecosystem with its resident café and restaurant, hosting lounge, library, infrared sauna, plunge pools, outdoor gathering areas, and co-working facility. Through ENTA MINA, RAK Properties, in partnership with HIVE, aims to support a modern, flexible work driven lifestyle and economy. Commenting, Sameh Muhtadi, Chief Executive Officer RAK Properties, said: 'ENTA brings an entirely new demographic to Mina, and immediately changes the conversation around co-living spaces. This is a segment typically within the rental market, but with ENTA MINA, you can buy into that lifestyle – it's exciting to be at the vanguard of a new movement. We have been working closely with the team at HIVE since we signed our partnership agreement with them to bring ENTA MINA to life which places community, and thoughtful design at the top of its product's agenda. 'ENTA MINA will bring a younger demographic to live, work and play in Ras Al Khaimah. Targeted tenants are aged 25-35 years old and they will even have the flexibility to work from the beach if they so wish. The multiplier effect of this is clear – it gives a space where ideas can turn into enterprises, which in turn helps to grow the wider economy.' Bass Ackermann, Founder of HIVE, elaborated by stating: 'ENTA was born from watching HIVE tenants grow into homeowners – people who still wanted the feeling of what we created, but in a place they could truly call their own. It addresses a market need for ready-made but authentic community. ENTA aims to speak to a new kind of homeowner – someone who values design, function, and feeling in equal measure. It's a brand grounded in creative integrity, but also built to perform, whether you're living in it or investing in it.' In May 2025 RAK Properties published its Q1 2025 financial results in which the Company recorded notable growth in revenue and profit, reflecting the strength of its operational performance and continued development momentum. In April 2025, RAK Properties commenced sales on is Anantara Mina Residences project – a community of 103 luxury apartments and villas, set along the waterfront of Hayat Island, Mina.
