Azure by Lapis

Azure by Lapis RAK Central

Azure by Lapis Ras Al Khaimah is a 40-storey freehold off-plan residential tower in RAK Central, the emerging commercial and mixed-use district close to Al Marjan Island and Al Hamra Village.

Developed by Lapis Properties, also known as Lapis Real Estate FZ-LLC, Azure includes 435 semi-furnished residences ranging from studios and one, two and three-bedroom apartments to penthouses and duplex sky villas.

For buyers searching for Azure by Lapis RAK Central, Azure by Lapis apartments for sale or the Azure by Lapis payment plan, the project’s main advantages are its freehold ownership, broad unit mix and payment structure, with 25% payable over two years after handover.

Azure is not directly on the beach. It provides a business-district alternative for buyers who want to remain within a short drive of Al Marjan Island, Wynn Al Marjan Island, Al Hamra Mall, Al Hamra Golf Club and Al Hamra Marina.

Key Project Details

Project: Azure by Lapis

Developer: Lapis Properties

Location: RAK Central, Ras Al Khaimah

Ownership: Freehold

Project type: Off-plan residential tower

Building: Two basement levels, ground floor, three podium levels, 40 residential floors and three roof levels

Total residences: 435

Unit types: Studios, premium studios, one, two and three-bedroom apartments, three-bedroom penthouses and duplex sky villas

Furnishing: Semi-furnished

Payment plan: 20/43/12/25

Post-handover payment: 25% over two years

Expected completion: Q4 2028

Indicative service charge: Approximately AED 18 per sq. ft. annually

Resale: Permitted after 30% of the purchase price has been paid

Short-term rentals: Permitted, subject to licensing and building rules

Pet friendly: Yes, subject to the final building policy

Beach access: No direct private beach access

Current Availability at Azure by Lapis

Direct developer availability at Azure by Lapis can change according to unit type, floor, layout and view. Buyers should confirm which studios, one-bedroom, two-bedroom and larger residences remain available directly from Lapis Properties and which options are available only through resale.

The original project mix includes:

• Studio apartments
• Premium studio apartments
• One-bedroom apartments
• Two-bedroom apartments
• Three-bedroom apartments
• Three-bedroom penthouses
• Duplex sky villas
• Ground-floor retail units

Current prices, available units and payment schedules should be confirmed before paying a reservation fee. RAKcompare can provide the latest developer availability, resale options, floor plans and a comparison against other RAK Central projects.

Residences and Unit Types

Azure by Lapis offers one of the broader residential mixes in RAK Central, giving buyers several entry points into the development.

Studios and premium studios may suit investors looking for a compact property near the emerging business district. One and two-bedroom apartments may appeal to professionals, couples, holiday-home buyers and smaller families.

Three-bedroom apartments provide more space for family living, while the penthouses and duplex sky villas target buyers seeking larger residences with more privacy. The sky villas include duplex and mezzanine-style layouts with private terraces and pools. These homes provide a villa-style format within a managed residential tower.

All residences are expected to be delivered semi-furnished. Buyers should confirm the exact specification for their selected unit, including:

• Kitchen appliances
• Built-in furniture
• Wardrobes
• Bathroom fittings
• Flooring and finishes
• Lighting
• Smart-home features
• Terrace and private-pool specifications

Parking allocations currently include one space for studios, one-bedroom and two-bedroom apartments. Three-bedroom apartments, penthouses and sky villas are allocated two spaces. Final allocations should be verified in the sale and purchase agreement.

Azure by Lapis Payment Plan

The Azure by Lapis payment plan spreads the purchase price across booking, construction, handover and the two years following completion.

The stated payment structure is:

• 20%: Initial payment
• 43%: During construction
• 12%: At or before handover
• 25%: Over two years after handover

The 25% post-handover component may help buyers spread the final part of the purchase price after receiving the property.

Buyers should confirm the exact installment dates, construction milestones and late-payment conditions. They should also check whether outstanding post-handover installments affect title transfer, resale or mortgage eligibility.

There is no guarantee that every available unit will be offered on identical terms. The reservation form and sale and purchase agreement should be treated as the final source for the payment schedule.

Completion, Resale and Ownership

Azure by Lapis is expected to be completed in Q4 2028.

The development is marketed as a freehold property, making it relevant to international buyers considering property ownership in Ras Al Khaimah. Buyers should confirm the title structure, registration process and ownership conditions for their selected residence.

Resale is permitted after 30% of the purchase price has been paid, subject to developer approval, NOC requirements and the terms of the sale and purchase agreement.

Key commercial points include:

• Freehold ownership
• Expected completion in Q4 2028
• Resale after 30% payment
• 25% payable over two years after handover
• Indicative service charge of approximately AED 18 per sq. ft.
• Short-term rentals permitted, subject to approvals
• Semi-furnished delivery

The 4% Ras Al Khaimah property registration fee is normally payable by the buyer unless the developer confirms a waiver or promotion in writing. Administration, NOC, mortgage and other transaction charges may also apply.

RAK Central Location

Azure is located in RAK Central, a mixed-use district planned around residences, Grade A offices, hotels, retail, dining, education, civic facilities and landscaped public areas.

The project may appeal to residents working in the emerging business district and investors targeting future demand from professionals, business visitors, long-term tenants and holiday-home guests.

Approximate travel times include:

• Al Hamra Mall: 3 minutes
• Al Hamra Golf Club: 3 minutes
• Wynn Al Marjan Island: approximately 3 to 5 minutes
• Al Marjan Island and nearby beach access: approximately 5 minutes
• Al Hamra Marina and Yacht Club: approximately 6 minutes
• Ras Al Khaimah International Airport: approximately 28 minutes
• Jebel Jais: approximately 45 minutes
• Downtown Dubai: approximately 90 minutes

Travel times depend on traffic, the project’s final access arrangements and the completion of the surrounding RAK Central road network.

Is Azure by Lapis Near Wynn Al Marjan Island?

Azure by Lapis is positioned within a short drive of Wynn Al Marjan Island.

This proximity may support awareness and rental demand across the wider Al Hamra, RAK Central and Al Marjan Island area. However, Azure is not part of Wynn and should not be marketed as a Wynn-branded or casino residence.

Views toward Al Marjan Island or Wynn may vary by tower orientation, floor and surrounding construction. Buyers should confirm the exact view from their selected unit rather than relying on general location descriptions.

Beach Access

Azure does not have direct private beach access.

Nearby beaches and resort facilities can be reached by car, but access conditions, fees and operating arrangements depend on the specific beach or hotel.

Buyers whose main priority is a beachfront home should compare Azure with projects located directly on Al Marjan Island. Buyers who prioritize a business-district location, post-handover payment plan and access to the wider RAK Central area may find Azure more suitable.

Amenities at Azure by Lapis

Azure includes three podium levels of resort-style amenities designed for wellness, family living and leisure.

Planned amenities include:

• Elevated swimming pool deck
• Sun loungers and relaxation areas
• Outdoor fitness facilities
• Children’s swimming pool
• Children’s play area
• Volleyball court
• Landscaped parks and green areas
• Jogging and cycling paths
• Boutique retail outlets
• Food and beverage outlets
• Dancing fountains
• Grand double-height lobby
• Pet-friendly building policy

These facilities belong to the planned Azure development. Golf, beaches, marina activities, restaurants and shopping are available in the surrounding Al Hamra, RAK Central and Al Marjan Island areas and should not be presented as private Azure amenities.

Final facilities, access rules and applicable charges remain subject to the approved plans and building management documents.

Short-Term and Long-Term Rentals

Short-term rentals are expected to be permitted at Azure, subject to applicable Ras Al Khaimah licensing requirements and the building’s final operating rules.

This may give owners flexibility to consider:

• Long-term residential leasing
• Corporate tenants working in RAK Central
• Short-term holiday-home rentals
• Personal use combined with rental periods
• Resale before or after completion, subject to eligibility

Rental income is not guaranteed. Actual performance will depend on the purchase price, unit type, furnishing, floor, view, service charges, management costs, seasonal demand and competing supply at completion.

Owners considering short-term rentals should confirm whether independent holiday-home management is permitted and whether any preferred or mandatory operator will apply.

Service Charge and Running Costs

The indicative Azure by Lapis service charge is approximately AED 18 per sq. ft. annually. The final service charge may change before handover and should be confirmed through the approved building budget.

Buyers should calculate the total annual ownership cost, including:

• Service charges
• Property management
• Holiday-home management
• Utilities
• Insurance
• Maintenance
• Furnishing upgrades
• Tourism and licensing fees
• Mortgage costs, where applicable
• Vacancy periods

The post-handover payment plan should not be treated as a substitute for checking the property’s complete acquisition and operating cost.

Investment Positioning

Azure may appeal to buyers who want a RAK Central investment property with a flexible payment structure and quick access to Al Marjan Island and Al Hamra Village.

Potential advantages include:

• Freehold ownership in RAK Central
• 435 residences across a broad unit mix
• Semi-furnished delivery
• 25% payable over two years after handover
• Resale after 30% payment
• Short-term and long-term rental flexibility
• Three podium levels of amenities
• Larger penthouses and duplex sky villas
• Pet-friendly positioning
• Short drive to Wynn Al Marjan Island
• Access to the wider Al Hamra community

The business-district location may support future demand from professionals and companies, while proximity to Al Marjan Island may also attract visitors and holiday-home guests.

Investment performance will depend on the price paid, unit selection, RAK Central delivery progress, service charges, rental competition and wider market conditions.

Who Should Consider Azure by Lapis?

Azure may be suitable for:

• Buyers seeking freehold apartments in RAK Central
• Investors looking for an off-plan property in Ras Al Khaimah
• Buyers interested in a post-handover payment plan
• End users seeking a full-amenity residential tower
• Professionals who may work in RAK Central
• Holiday-home buyers seeking a semi-furnished residence
• Short-term rental investors
• Long-term investors targeting business-district tenants
• Families prioritizing children’s facilities and green spaces
• Pet owners seeking a pet-friendly building
• Buyers comparing penthouses or duplex sky villas in Ras Al Khaimah

Azure may be less suitable for buyers who require direct private beach access, immediate rental income or a completed property ready for occupation.

Why Azure by Lapis Stands Out

Azure combines a RAK Central business-district address with resort-style amenities and post-handover payment flexibility.

Its broad unit mix gives buyers a choice between studios, family apartments, penthouses and duplex sky villas. Semi-furnished delivery may also reduce some of the work required before personal use or rental.

The project’s main distinction is the combination of:

• RAK Central location
• Freehold ownership
• 25% post-handover payment
• Three podium amenity levels
• Semi-furnished residences
• Short-term rental flexibility
• Apartments, penthouses and sky villas in one development

The main decision for buyers is whether they prefer Azure’s RAK Central location and payment structure or a higher-priced property with direct beachfront access on Al Marjan Island.

Compare Azure by Lapis on RAKcompare

Azure by Lapis Ras Al Khaimah is listed on RAKcompare to help buyers compare it with other RAK Central, Al Hamra Village, Al Marjan Island and wider Ras Al Khaimah off-plan projects.

Buyers can compare Azure by Lapis by:

• Current price and availability
• Developer
• Unit type
• Freehold ownership
• Furnishing
• Payment plan
• Post-handover terms
• Service charge
• Completion date
• Resale rules
• Short-term rental flexibility
• Beach access
• Amenities
• Investment suitability

Relevant comparisons may include Colibri Views, One RAK Central, Al Hamra Greens, Al Hamra Waterfront, Wyndham Residences and Address Residences.

Get a Free Comparison Report

Not sure whether Azure by Lapis is the best option for your budget?

Tell us which unit types or projects you are considering, and RAKcompare will compare current prices, available units, payment plans, handover dates, service charges, beach access and buyer fit.

Read More

Explore Rak Central Area

Click to Explore Marjan Island

Click to read more about Branded Residences on Al Marjan Island

Click to view Studios under USD 350k

Click to view 1 Beds under USD 550k

Click to explore Branded Residences on Marjan Island

Click to explore projects with Post Handover Payment-plans

Click to read about the Process of buying a property directly from the Developer