Properties for Sale
in Ras Al Khaimah
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Properties
in Ras Al Khaimah
Covering a whopping area of almost 26.9 billion sqft, Ras Al Khaimah is a northeastern emirate, which is famed for its picturesque nature and history-filled sites. In fact, it has been a human settlement for over 7,000 years and is considered to be one of the hotspots for ecotourism. In addition to the mainland, Ras Al Khaimah encompasses a few islands in the Arabian Gulf.
Ras Al Khaimah is the perfect place for those opting to enjoy serenity and privacy far from the hustle and bustle of the city. In order to attract more investors, it became the second emirate in the UAE to enable foreign freehold property ownership, and was the first to actually pass a law granting foreigners with real estate rights. Among its freehold areas are Mina Al Arab, Al Hamra of the Red Island, Al Jarafat of Al Muairidh and Al Koof of Al Dhait South, just to name a few.
The scenic emirate offers all kinds of real estate for sale, from budget-friendly compact apartments to upscale generously-sized villas and townhouses, as well as land and hotel residences. It is worth noting that you will find apartments by far the most widely available option in the emirate. Those seeking to invest in commercial real estate will be keen to learn that there are offices, land plots, factories, warehouses, shops, farms, showrooms and labour camps are on offer.
Covering a whopping area of almost 26.9 billion sqft, Ras Al Khaimah is a northeastern emirate, which is famed for its picturesque nature and history-filled sites. In fact, it has been a human settlement for over 7,000 years and is considered to be one of the hotspots for ecotourism. In addition to the mainland, Ras Al Khaimah encompasses a few islands in the Arabian Gulf.
Ras Al Khaimah is the perfect place for those opting to enjoy serenity and privacy far from the hustle and bustle of the city. In order to attract more investors, it became the second emirate in the UAE to enable foreign freehold property ownership, and was the first to actually pass a law granting foreigners with real estate rights. Among its freehold areas are Mina Al Arab, Al Hamra of the Red Island, Al Jarafat of Al Muairidh and Al Koof of Al Dhait South, just to name a few.
The scenic emirate offers all kinds of real estate for sale, from budget-friendly compact apartments to upscale generously-sized villas and townhouses, as well as land and hotel residences. It is worth noting that you will find apartments by far the most widely available option in the emirate. Those seeking to invest in commercial real estate will be keen to learn that there are offices, land plots, factories, warehouses, shops, farms, showrooms and labour camps are on offer.
Why Buy
A Property in RAK
Real estate in Ras Al Khaimah is more budget-friendly when compared to the ever popular Dubai, however the quality of housing here is still on point. In addition, the emirate provides more access to nature and leafy landscaped spaces than other parts across the country. There are plenty of beaches, terracotta dunes, lagoons, luscious mangroves, one of the highest mountains in the UAE; Jebel Jais and anything else a nature lover would desire.
Ras Al Khaimah is also highly appealing to global businesses due to an abundance of multiple free economic zones, including Ras Al Khaimah Economic Zone (RAKEZ), which is a thriving business and industrial hub, with investments from over 12,000 companies in more than a hundred countries. There are companies which represent 50+ industries, including freelancers, startups, major industrial enterprises and much more.
Back in the beginning of 2022, RAKEZ enabled licensed businesses to operate out of one office, both in the free zone and mainland areas, with a free zone license and a 'Branch of a Free Zone Company' license issued by the emirate's DED. As a result, investors can take advantage of 100% foreign ownership and the eligibility to bid for government contracts. Taking into account the above-mentioned information, it is not surprising that Ras Al Khaimah has witnessed a rising demand for residential property among expats opting to move to the emirate for work.
Real estate for sale in Ras Al Khaimah, United Arab Emirates is more budget-friendly when compared to the ever popular Dubai, however the quality of housing here is still on point. In addition, the emirate provides more access to nature and leafy landscaped spaces than other parts across the country. There are plenty of sandy beaches, terracotta dunes, lagoons, luscious mangroves, one of the highest mountains in the UAE; Jebel Jais and anything else a nature lover would desire.
Ras Al Khaimah is also highly appealing to global businesses due to an abundance of multiple free economic zones, including Ras Al Khaimah Economic Zone (RAKEZ), which is a thriving business and industrial hub, with investments from over 12,000 companies in more than a hundred countries. There are companies which represent 50+ industries, including freelancers, startups, major industrial enterprises and much more.
Back in the beginning of 2022, RAKEZ enabled licensed businesses to operate out of one office, both in the free zone and mainland areas, with a free zone license and a 'Branch of a Free Zone Company' license issued by the emirate's DED. As a result, investors can take advantage of 100% foreign ownership and the eligibility to bid for government contracts. Taking into account the above-mentioned information, it is not surprising that Ras Al Khaimah has witnessed a rising demand for residential property among expats opting to move to the emirate for work.
Ras Al Khaimah has the following real estate types for acquisition:
Apartments are available for purchase and include studios and 1-4 bedroom properties, across Al Hamra Village, Mina Al Arab, Al Marjan Island, Al Nakheel and other areas. Property sizes range from 350 to 7,100 sqft.
Villas in Ras Al Khaimah can be acquired across many prestigious areas, such as Mina Al Arab, Al Hamra Village, Ras Al Khaimah Waterfront and Al Dhait, just to name a few. Varying from 947 to 50,000 sqft, the property layouts range from 1 to 7+ bedrooms.
Townhouses are on offer in Al Hamra Village, Mina Al Arab and Al Marjan Island, with configurations encompassing 2-5 bedroom configurations. At the same time, potential buyers will be keen to learn that total living areas vary between a compact 1,225 sqft and a thumping 14,000 sqft.
Duplexes with 2-5 bedroom layouts are available for purchase in Al Hamra Village, Mina Al Arab and Al Marjan Island. Prospective real estate buyers have the opportunity to select from an array of properties from 1,386 to 4,466 sqft.
Land, both commercial and residential, is sold in Al Marjan Island, Al Mairid, Seih Al Harf, Al Qudaisat and other neighbourhoods. The size of plots available ranges from 1,460 to 7,100 sqft.
Hotel apartments are on offer in Al Hamra Village, Al Marjan Island and Ras Al Khaimah Waterfront, among other popular areas in Ras Al Khaimah. With studios and 1-3 bedroom layouts, properties have living areas ranging from 430 to 3,584 sqft.
Penthouses in 3-4 bedroom configurations can be found across sought-after areas of Al Hamra Village and Al Marjan Island. The size of these properties constitutes 1,460 to 7,100 sqft.
Whole buildings of 6,000 11,000 sq.ft are available for acquisition in Al Nakheel, Al Mairid, Al Qusaidat, Al Uraibi and Seih Al Ghubb.
The most sought-after areas of Ras Al Khaimah are Al Hamra Village, Mina Al Arab and Al Marjan Island, where you will find the following key features:
Al Hamra Village is reminiscent of the local Arabic leitmotif, with a gorgeous blend of local heritage and contemporary design within a perfectly secure gated development. Spanning across a whopping 77 million sqft, the award-winning project houses almost 4,000 residential units, namely villas, townhouses and apartments. Offering plenty of leisure activities, Al Hamra Village is situated next to a prestigious 18-hole championship golf course and is surrounded by luxury hotels, a marina and 4,800 ft of white sandy beaches.
Mina Al Arab is located alongside the Sheikh Muhammad Bin Salem Road and offers easy access to wetlands and beaches. The waterfront development is divided into many sub-communities, the most popular of which are Granada, Malibu, Lagoon Views, Flamingo Villas, Lagoon Marina, Lagoon Walk and Bermuda. In 2023, Mina Al Arab will witness the opening of Anantara Mina Al Arab Ras Al Khaimah Resort with 174 guest rooms, suites and overwater villas. Among its amenities will be an outdoor swimming pool, a health club, a beach and pool bar, an Anantara Spa and plenty more.
Al Marjan Island spans across 115 acres and is hailed as Ras Al Khaimah's Palm Jumeirah. The development consists of 4 islands: Breeze Island, Dream Island, Treasure Island and View Island. There are 12,000 stunning waterfront residential units and 600-holiday villas, world-class hotels and resorts, international standard marinas, as well as private beaches, beach clubs, leisure, retail and recreational facilities. The Marjan Island Boulevard road is used for commutes on Al Marjan Island. The road extends into the island from the Al Ittihad Street (E11) highway.
Ras Al Khaimah is famed for its high sustainability standards, as it has declared its vision to become the Middle East’s most sustainable destination by 2025, with the goal of attracting more than 3 million visitors yearly by 2030. It houses 4 cultural and heritage sites, which are on the UNESCO World Heritage Tentative List, the most across the UAE. For instance, there is Suwaidi Pearls Farm, which is the country's only destination which still cultivates local pearls by hand. On top of that, the emirate hosts 20+ events a year, such as the UAE Tour, DP World Tour, RAK Half Marathon and the RAK Fine Arts Festival.
In 2026, the US hotel operator; Wynn Resorts, will open a gaming and integrated resort in Ras Al Khaimah, which will be the company's first project in the Middle East and North Africa region. Nestled on Al Marjan Island, this will also be the first Wynn Resort situated on a beach in the world. The branded development will feature 1,000 stylish rooms and 10 restaurants, in addition to a relaxing spa, a convention center, an upscale mall and a range of entertainment options. It is a known fact that the Gulf region has historically imposed stricter Islamic laws than other regions of the Middle East, which makes opening of the first casino in the UAE a turning point.
Not forgetting that there are 20 projects worth AED 514M (USD 140M) being constructed in Ras Al Khaimah in line with new sustainability standards, ranging from 164,000+ ft of hiking trails to a tobogganing ride; the Jais Sledder. Other upcoming offerings include Anavrin Equestrian Resort, Saji Mountain Lodge and Scallop Ranch.
In Ras Al Khaimah, a 1-bedroom apartment is available to purchase for AED 170K (USD 46K), whilst a premium villa in 2-bedroom configurations amounts to a minimum of AED 2.7M (USD 735K). At the same time, a 2-bedroom townhouse can be acquired for a minimum of AED 750K (USD 204K). If someone is looking to buy a private spacious penthouse, there is a 2-bedroom property available for at least AED 1.2M (USD 327K).
Ras Al Khaimah is an emerging business destination among entrepreneurs and investors from across the world thanks to the RAK Free Zone mentioned earlier. That being said, it is high time to invest in local real estate, while the infrastructure is still developing and the prices are budget-friendly.
There are lucrative investment property options within different real estate sectors, from apartment complexes to offices, hotel residences, retail shops and plenty more. For example, you can acquire a 550 sqft office for AED 200K (USD 54K) or a 9,887 sqft land plot for at least 490K (USD 133K). Finally, a retail store of 1,273 sqft is on offer for a minimum of AED 668K (USD 182K).
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of Metropolitan Premium Properties
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