What is the background of the Developer?

Lapis Properties is a boutique luxury real estate developer headquartered in Dubai, with a legacy spanning over a decade in the UAE and two decades across the Middle East. They specialize in modern, design-driven residential and commercial projects emphasizing sustainability, smart-home technology, and premium lifestyle amenities

Does RAKcompare or OBG handle client payment collections on behalf of developers?

No. All payments are made directly to the Developer’s accounts. Instalment payments are usually transferred to the Developer’s escrow account, while registration and other related fees may be paid to the Developer’s corporate/current account. Neither RAKcompare nor its parent company will ever ask clients to transfer funds to their accounts.

What is the process for purchasing a unit?

Please note that procedures may vary depending on the developer; however, in most cases, a payment of 10%–20% is required to secure a unit. Initially, you will be asked to sign a reservation form, and upon receipt of the required payment (typically 20%), the Sales and Purchase Agreement (SPA) will be issued. In certain instances, developers may request a fixed reservation fee (for example, AED 50,000 or USD 10,000), following which the reservation form will be provided. We recommend confirming the exact process with your sales representative, as requirements and procedures may differ across developers. READ IN BLOG SECTION - FULL PROCESS SALES PROCESS EXPLAINED

Does OBG assist in handover of the unit?

Yes, we will be with you all the way to handover and offer assistance during that time. We can arrange the snagging, renting or selling the property or even the interior decorations. We are a one stop shop.

What are the other costs associated with Purchasing a property?

At the time of booking, a registration fee ranging from AED 3,000 to AED 10,000 must be paid upon purchase of the property. Before taking possession of the unit, 4% of the purchase price has to be paid to the Ras Al Khaimah Government Land Department.

What is the annual service fee?

Service fees are annual maintenance charges paid by property owners for the upkeep of shared facilities such as pools, gyms, lobbies, security, and common areas. These fees are typically paid upfront, often on a quarterly basis, although the payment structure can vary from one developer to another.

Can I sell the property before taking the handover?

Yes, off-plan properties can usually be resold before handover. However, you should always check the developer’s resale policy, as each project has different requirements. In most cases, owners are required to pay around 30-40% of the property value before they are allowed to resell the unit.

Azure by Lapis Luxury Residences in Ras Al Khaimah

Azure by Lapis rises in RAK Central as a modern and elegant residential tower designed around contemporary urban living. With its curved architecture, spacious terraces, and sleek modern design, the project creates a refined identity within one of Ras Al Khaimah’s emerging business and lifestyle districts. Positioned in the heart of RAK Central, the development is surrounded by commercial spaces, retail outlets, cafés, and modern city infrastructure, offering residents a connected and convenient lifestyle.

The project is designed to provide a balance between comfort, functionality, and sophistication. Bright interiors, open layouts, and large windows allow natural light to flow throughout the residences, while the clean architectural lines create a calm and modern atmosphere. The overall design focuses on practical luxury and comfortable city living within a growing urban destination.

Azure offers a variety of residences including studios, premium studios, one-bedroom, two-bedroom, and three-bedroom apartments, along with exclusive three-bedroom penthouses and sky villas. Residents will have access to a range of lifestyle amenities including swimming pools, fitness facilities, landscaped areas, jogging tracks, children’s spaces, and social leisure areas. Every element of the project is designed to enhance everyday living and create a modern community experience.

The interiors feature premium materials, elegant finishes, and contemporary decorative details that reflect the project’s modern character. The lobby is designed with polished surfaces, warm textures, and soft lighting to create a welcoming arrival experience. Each residence combines stylish design with functional living spaces for a sophisticated urban lifestyle.

Location Description & Benefits

RAK Central is emerging as one of the main business and mixed-use districts in Ras Al Khaimah. Planned as a modern urban hub, the area combines residential towers, office spaces, retail outlets, hotels, and entertainment venues within one connected destination. Its strategic location and direct access to major roads make it highly convenient for both residents and businesses.

The district is designed with a strong focus on accessibility, lifestyle, and convenience. Residents will benefit from nearby offices, restaurants, cafés, retail stores, and daily services, creating a live-work environment that reduces long commutes. Wide boulevards, landscaped public spaces, and walkable streets help create a modern and comfortable city atmosphere suited for professionals, families, and investors.

As Ras Al Khaimah continues to expand as a tourism, business, and investment destination, RAK Central is expected to become a key part of the emirate’s future growth. With its modern masterplan, growing infrastructure, and increasing number of developments, the district is positioned as one of the most promising urban destinations for long-term investment and contemporary city living.