Off Plan Projects in Ras-Al-Khaimah

Ras Al Khaimah Real Estate

Ras Al Khaimah is approximately one hour north of Dubai, between the Hajar Mountains & the Arabian Gulf. Earlier, the area was less known; people who invest in UAE real estate prefer Dubai and Abu Dhabi. A wave of new resort developments, waterfront towers and brand residences has made RAK an emerging property marketplace in UAE. The brand new Wynn Al Marjan Island casino resort has sped things up.

For buyers, the reason for investing in the Ras Al Khaimah off-plan is very broad. You get beachfront living with mountain views and more space with a relaxed lifestyle. All for prices much below what Dubai or Abu Dubai charge for similar homes. As a foreign buyer, you can own a freehold in this emirate, you can live in the home, lease it out, sell it, and transfer it. 

Best Areas for Property Investment in RAK

Four areas account for most of the activity: Al Marjan Island, Mina Al Arab, Al Hamra Village and RAK Central. Each one serves a different kind of buyer.

Ras Al Khaimah Property Prices and Unit Sizes

Average asking prices across RAK are well under the UAE-wide average. This is why the emirate keeps pulling in first-time buyers and investors alike.

Top Real Estate Developers in Ras Al Khaimah

Here are top developers in Ras Al Khaimah real estate. 

Many International hotel organizations have also entered via branded residences. Wynn, NoBu, Wyndham, Radisson and Nikki Beach offer top of the line hospitality along with residential facilities.

Off-Plan vs. Ready Property: Choosing the Right Investment

The two options solve different problems, and it usually comes down to timing and how hands-on you want to be.

• Buy off-plan if you want a lower entry cost

• Buy ready if you want to rent from day one or plan to live there.

Essential Checklist Before Buying RAK Real Estate

• Developer track record: Check the real estate companies' past record and whether past projects were on schedule. 

• Payment schedule: Most of the developers ask for a small deposit as a down payment and disperse the remainder over the construction. Many developers also offer post handover facilities. 

• Handover date: In case you need the unit today, skip the off-plan projects. If you are investing in growth, have a longer time, then invest in off-plan projects. 

• Location: Not every plot in a good community performs the same way. A unit near a beach, a marina, or a main road generally has better value than one set further back.

Can Foreigners Buy in Ras Al Khaimah?

Yes. Non-UAE nationals can buy freehold property in RAK's designated investment zones, which cover Al Marjan Island, Mina Al Arab, and Al Hamra Village, along with other communities. Ownership comes with complete title - you live in the property, lease it out,  and transfer it to a distant relative. No nationality limit inside those zones.

Lifestyle and Amenities in Ras Al Khaimah

Buying a property in RAK also means buying into the lifestyle around it. A few things worth knowing:

• Schools: For schooling, Ras Al Khaimah Academy, Wellspring School, along with a number of Indian-curriculum schools exist.

• Healthcare: Emergency and routine care are offered at RAK Hospital and Ibrahim Bin Hamad Obaidullah Hospital.

• Getting around: Sheikh Mohammed Bin Zay Road connects RAK with Dubai in 45 minutes to an hour. 

• Leisure: Jebel Jais for hikes & the world's longest zipline, Al Marjan Island shores for beachside relax and kayaking, the Mina Al Arab mangroves for nature exploration. 

• Shopping: For shopping lovers, Al Hamra Mall and Manar Mall are close enough.