RAS AL KHAIMAH, UAE
Just one hour from Dubai, Ras Al-Khaimah is rapidly emerging as an attractive real estate market, thanks to lower property prices, which provide an affordable entry point for investors looking to enter the UAE real estate market, while delivering higher rental yields. A well-developed infrastructure, slightly milder temperatures than other emirates, a beautiful 64 km coastline, and access to the Jebel Jais mountains and natural attractions further propel its growing tourism sector.
The southern region, particularly the Costa del Sol, is one of Spain’s most sought-after real estate markets, attracting both domestic and international buyers. The area is especially popular among retirees and second-home buyers from the UK, Scandinavia, and other European countries. Property prices in the Costa del Sol have seen steady increases, especially in luxury markets like Marbella, Puerto Banús, and Estepona.
Introduction to Ras Al Khaimah (RAK)
Strategically Located
Strategically positioned at the crossroads of Europe, Asia, and Africa, RAK International Airport is just a four-hour flight from one-third of the global population and only 45 minutes from Dubai International Airport.
Diverse Economy
Known for its economic diversification, RAK is less reliant on oil, with no single sector contributing more than 30% to the GDP.
GDP Growth
RAK’s GDP is projected to grow at an average rate of 2.7% annually from 2022 to 2025.
Investment Growth
A 45% increase in real estate transactions was recorded in the first half of 2022, totaling AED 4 billion ($1.1 billion)
Tourism and Hospitality Boom
Tourism Increase
RAK welcomed over 500,000 visitors in the first half of 2022, a 21% increase from 2021.
Hotel and Resort Developments
Al Marjan Island is set to become a major tourism hub with projects like the Wynn Integrated Resort and other developments by major hotel brands.
Real Estate Investment Opportunities
High Return on Assets
Al Marjan Island offers attractive returns, with rental yields up to 16-20% (Colliers).
High-Yield ROI
Potential to generate yields beyond 9% due to saturation in Dubai beachfront locations
Appreciation
Al Marjan Island has sold all available land, limiting further development. This scarcity, coupled with rising demand, increases the appreciation potential for existing properties.
Wynn Resorts: A ME first
The opening of the Wynn Resort in 2027, featuring the first casino in the Middle East, is expected to significantly boost tourism and demand, leading to increased ROI for short-term rentals.
Advantages of Investing in
Al Marjan Island
10-Year Golden Visa
Available with an investment of AED 2 million.
Attractive Taxation
0% income tax and 0% property tax.
Beachfront Residences
Enjoy stunning beachfront residences.
Tax Benefits
RAK offers a tax-free environment with 100% foreign ownership in free zones.
Investor-Friendly Regulations
Streamlined licensing procedures and supportive policies enhance the ease of doing business.
Market Growth and Demand
Emerging Market
RAK is experiencing significant growth with an average apartment capital value increase of 35% in the last year.
High Hotel Occupancy Rates
Projected peak in occupancy rate for the hospitality sector by 2027, nearing full capacity, indicates high demand for residential products for short term rentals.
Tourist Influx
Projected to attract 3-3.5 million tourists by 2030, driving rental yields and capital values (AGBI)
Related Projects
