Azure by Lapis

AZURE by Lapis Overview

AZURE rises as a 40-story residential tower in RAK Central, Ras Al Khaimah, embodying refined waterfront living and modern elegance. Developed by LAPIS Properties, the project offers a diverse collection of residences, including studios, 1 bedroom, 2 bedroom, and 3 bedroom apartments, as well as penthouses and sky villas. Strategically located just minutes from Al Hamra Mall, the upcoming Wynn Resort & Casino, and RAK Airport, AZURE provides residents with seamless access to cultural, leisure, and lifestyle destinations, while framing uninterrupted views of the sea and open skies.

AZURE Amenities & Design

Designed to balance comfort, elegance, and urban sophistication, AZURE features open, airy apartments with floor-to-ceiling windows that maximize natural light and capture panoramic waterfront vistas. The tower is complemented by curated lifestyle amenities, including an outdoor gym, common seating areas, and elevated spaces such as the rooftop, upper roof, and lower roof. The ground floor hosts retail options and a sophisticated lobby, creating a welcoming environment that blends functional living with leisure and community engagement. Optional swimming facilities add a touch of luxury while preserving efficient use of space.

AZURE Sustainability & Efficiency

While specific green certifications are not mentioned, AZURE integrates passive design strategies, such as maximizing natural daylight, and leverages its waterfront location to enhance residents’ connection with nature. Elevated communal spaces and landscaped rooftop areas contribute to wellness and social interaction, with strengths in community amenities, wellness, and site design, though opportunities remain to improve energy efficiency, water management, and smart building features.

AZURE Investment & ROI

AZURE presents a highly attractive investment opportunity in RAK Central, Ras Al Khaimah, where the property market is experiencing significant growth, with transaction values increasing notably in 2024. With rental yields ranging from 7% to 12% in areas like Ras Al Khaimah, investors can benefit from a strong combination of steady income and capital appreciation. AZURE’s waterfront location, luxury design, and proximity to key lifestyle and leisure destinations, including shopping and entertainment hubs, offer a compelling competitive advantage and significant long-term ROI potential.