Ras Al Khaimah: Known for its appeal as a tourism and freehold investment destination, Ras Al Khaimah is now expanding into the co-living and co-working segment with the launch of the Enta project on Hayat Island — a move aimed at attracting younger residents and investors.
Developed by Hive, the company behind similar projects in Dubai’s Jumeirah Village Circle, Enta introduces a mix of flexible living and workspace options specifically designed for professionals in their 30s. The development offers furnished one-bedroom units starting at Dh1.65 million, with prices from Dh1,900 per square foot.
“The bulk of buyers we are seeing for our RAK project are in their mid-to-late 30s,” said Bass Ackerman, Founder of Hive. “The Enta product is tailored for this demographic — professionals seeking modern, flexible living solutions.”
The project will feature more than 200 dedicated co-working spaces, alongside residential units and food and beverage outlets. Hive is also offering full furnishing options for buyers who wish to lease out their properties.
Growing Demand for Shared Spaces
The move comes as Ras Al Khaimah sees increased demand from companies relocating backend operations to its free zones. The growth of co-living and co-working in Dubai has helped set the precedent, particularly in the years following the COVID-19 pandemic.
RAK’s entry into this space is further supported by the recent launch of RAK DAO, a government-backed free zone focused on crypto and virtual asset businesses. Similar to licensing regimes offered by Dubai’s VARA and Abu Dhabi’s ADGM, RAK DAO is expected to attract startups and digital entrepreneurs — many of whom seek integrated live-work environments.
“RAK’s planning framework differs from Dubai’s, but we’ve adapted the Hive model to meet local guidelines,” Ackerman added. “This is the emirate’s first purpose-built co-working offering within a residential community.”
A Strategic Shift for the Emirate
Historically known for retirement homes and weekend residences, Ras Al Khaimah is repositioning itself to appeal to a younger audience. Developments like Al Hamra Village and the upcoming Wynn Resorts project have cemented its tourism credentials, but Enta signals a broader ambition to diversify.
A RAK-based developer commented, “With new digital business licenses and growing hospitality infrastructure, there is a clear need for modern shared spaces — not just for visitors, but for long-term residents and business operators.”
The Enta project is among the first of its kind in the northern emirates and reflects a wider strategy to attract professionals who want flexible, community-driven lifestyles outside Dubai.
