The Emirate Ras Al Khaimah
Just 1 hour and 15 minutes' drive from Downtown Dubai is the beautiful emirate: Ras Al Khaimah. Ras Al Khaimah is known as an oasis of calm, where Dubai locals go for holidays or weekend getaways. Ras Al Khaimah is now mostly visited by tourists but this is about to change. Ras Al Khaimah will in fact become home to the Middle East's first casino resort.
General information
Ras Al Khaimah, often abbreviated as RAK, is one of the seven emirates that make up the United Arab Emirates (UAE). Located on the northern border of the UAE, Ras Al Khaimah offers a captivating mix of natural beauty, rich history and modern developments.
This region is known for its breathtaking landscapes, ranging from stunning mountains to vast deserts and beautiful beaches along the Arabian Gulf coast. Jebel Jais, the highest mountain in the UAE, attracts adventurers for activities such as hiking, zip-lining and rock climbing, while the beautiful coastline invites relaxation and water sports.
In terms of development, Ras Al Khaimah has made significant progress in recent years. The emirate has invested in infrastructure projects, tourist attractions and real estate developments to diversify its economy and become an attractive destination for tourists and investors alike. Luxury resorts, modern shopping malls and recreational facilities are just a few examples of Ras Al Khaimah's growing infrastructure. The aforementioned casino resort is also expected to attract many tourists to the emirate. Real estate prices have increased +- by 50% since the announcement of the casino resort. The Resort is being developed by a major player from Las Vegas, namely: Wynn Resort. Completion of the casino is scheduled for 2027.
Real estate in Ras Al Khaimah offers a mix of options, from luxury villas and apartments to commercial spaces and vacation rentals. With its natural beauty, historic charm and growing economic opportunities, Ras Al Khaimah remains an emerging destination in the region, where residents and visitors alike can enjoy a unique lifestyle and investment opportunities.
We at The Real Estagency Dubai were amazed by the beauty of RAK and we see many opportunities in this beautiful emirate.
ROI and capital appreciation
Returns and appreciation in Ras Al Khaimah are very good. The villas and 2-bedroom apartments realize the best ROIs in this region. It is recommended to rent out the properties for short-term. The 2-bedroom apartments start at around €500,000 and the villas start at around €1,200,000.
Off-plan
New construction in this region increases in value by about 40% to 70% during the construction phase, which is often 3 years. The short-term rental net returns on the initial investment are between 6% and 10% net. After completion, the increase in value in this region is between 5% and 10% per year.
Ready built
Existing construction in this region is experiencing value appreciation between 5% and 10% per year. Short-term rental net returns on initial investment are between 4% and 8% per year for existing construction.
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