Why Ras Al Khaimah Is Becoming A Top Destination In UAE Real Estate?

Are you looking to invest in a destination in the United Arab Emirates that is not only pristine but is performing exceptionally well in real estate? Then the answer is Ras Al Khaimah (RAK), which is currently becoming one of the top destinations in UAE real estate. The land with white sandy tranquil beaches and architectural marvels is Ras Al Khaimah, which is appealing to investors in the real estate sector. A report published in the Khaleej Times by analyst Waheed Abbas highlighted that property prices and the demand of buyers to invest in RAK are increasing. Emirates of RAK with the target to achieve AED 3 Billion in real estate sales in 2024 are impressive. Let’s explore the other characteristics of this beautiful and highly captivating Emirate that are contributing to its appeal.

Ras Al Khaimah Appeal in UAE Real Estate

When exploring Ras Al Khaimah in the UAE real estate landscape it is evident that this place possesses some magical charm. Further, this appeal is not only due to the reason of rich history and culture but also due to the exceptional real estate projects that are contributing to this. Real estate Investment in Ras Al Khaimah is currently the focus of investors, which is due to various features of this land. A few of these attractive characteristics making RAK a top real destination are:

• Ras Al Khaimah Attractive Geography
• Top Gaming and Casino Destination
• Saturation in Dubai Beachfront Properties
• Attraction of Al Marjan
• Emerging Growth and Opportunity for Investors 

1. Ras Al Khaimah Attractive Geography

Investors are focusing more on Ras Al Khaimah as the geography of this land is exceptional. Real estate investment in Ras Al Khaimah is boosting, as there are major ongoing developments in the region. A few of these are:

• National Park RAK Mountains
• Al Jais Mountain Resort
• Mangrove Island
• Ras Al Khaimah Gateway
• Al Marjan Island
• Port Arabia

Besides there are around 21,000 companies, 50 industries, and more that are contributing to appealing buyers in RAK. 

2. Top Gaming and Casino Destination

Cities around the globe become more appealing for tourists with the presence of a Casino. This simply shapes the landscape of any city in the context of entertainment. Talking about RAK only in 2023 the number of tourists was 1.22 million.  With the limited availability of room, the capital prices are skyrocketing. As highlighted in the published report on Brecorder Wynn Al Marjan is all set to unveil the details of the gaming resort in Ras Al Khaimah. This $3.9 billion resort is set to welcome the tourist in 2027 and will become the MENA’s first casino.

3. Saturation in Dubai Beachfront Properties

There are various Beachfront properties in bustling metropolia like Dubai including Creek, Marina, and Palm. Due to this saturation of Dubai beachfront zones, investors are focusing more on unexplored areas such as Ras Al Khaimah.  Properties in RAK will witness a boost as mentioned by Arab businesses that RAK is poised for multi-sector investment boom 2024.

4. Exceptional Connectivity and Major Attractions

Additionally, for the buyers, another major appeal to invest in Apartments in Ras Al Khaimah is an abundance of attractions and exceptional connectivity. A few of the major landmarks, key areas, and entertainment inhabitants can access include:

• Wynn Casino – 5 min
• RAK Mall – 30 Min
• Royal Yacht Club – 20 Min
• RAK Medical Center 14 Min
• Dreamland Aqua Park – 15 Min
• Al Hamra Golf Club –15 Min
• Al Hamra Mall – 15 Min

On the other hand, you can also explore the entertainment spots including Al Marjan Island, Dhayah Fort, Khatt Spring, Jabal Jais Hiking, and more. 

5. Emerging Growth and Opportunity for Investors

The demand for Villas in Ras Al Khaimah is also boosting as the area is performing well. Undoubtedly, RAK in UAE real estate is an emerging location. This Emirate recorded the transaction of approximately 3,111 units worth around AED 9 billion.  The trust of buyers is increasing due to which investors are focusing more on buying properties in Ras Al Khaimah.

Latest Launched Projects in Ras Al Khaimah

Various new properties in Ras Al Khaimah are shining in the RAK real estate. However, a few of these properties are discussed below:

Address Residences

Address Residences is an exclusive and meticulously crafted development by Emaar Properties and is offered for an exceptional starting price of AED 1.7M. Featuring 1-3 BR apartments, 2 & 3 BR luxury townhouses, and 4 BR spacious penthouses.

Nikki Beach Residences

Aldar Properties introduced another exclusive project Nikki Beach Residences available for the starting price of AED 1.9M.  Offering 1-4 BR apartments, and 5 BR Villas this development is highly modern and offers a contemporary lifestyle.

Al Hamra Waterfront

Al Hamra Waterfront is a property by Al Hamra developers offering 1-3 BR spacious apartments and 3 BR luxury townhouses.  The starting price of this exclusive property is AED 1M attracting high numbers of buyers.

Rental Performance of RAK

Rental properties in Ras Al Khaimah are also attracting a large number of investors as RAK real estate stands at 3rd number when it comes to renting projects registering 10.28% growth.  With the exceptionally low dip in the rental performance, RAK is comparatively doing great.  In the context of short-term rental also the RAK

Strengths and Opportunities of Properties in Ras Al Khaimah

Now, let’s evaluate the landscape of Ras Al Khaimah by analyzing the opportunities and strengths of the region.

Strengths of Properties in Ras Al Khaimah

Tourism is one of the major strengths of RAK, which is leading to the influx of tourism and also driving the real estate demand.

Additionally, the abundance of natural attractions in RAK is also one of the plus points that are appealing to buyers.  

Opportunities in Buying Properties in Ras Al Khaimah

One of the evident opportunities due to which RAK is becoming a top real estate destination in UAE real estate is business growth. With major developments like Wynn Casino, more business is growing drastically providing opportunity for the business community.

Further, 30 developers are actively launching projects in the vicinity of Al Marjan Island making the place highly exclusive and of ultra-high net worth. As highlighted in the press release Ras al Khaimah is targeting overseas investors and appealing to them by providing them with investment opportunities.

Conclusion

RAK is indeed becoming the top destination in the UAE for real estate to invest. Moreover, there are various reasons including connectivity, strategic geography, attraction, and exclusive residence with attractive prices that are attracting buyers. Therefore, for the buyers, it is inevitable to explore the diverse and vibrant landscape of Ras Al Khaimah to fund apartments in Ras Al Khaimah and live a dream life.