DAMAC Upcoming Projects In Ras Al Khaimah

Introduction

Ras Al Khaimah – an emerging city of UAE known for its stunning landscape and adventurous lifestyle & site and offbeat luxury developments, is going to be the prime real estate investment zone. The city is rapidly growing and receiving many high-end projects and reputedly developed and aligned to deliver more projects there. Seeing the potential, DAMAC Properties is about to set new projects, which is going to be exciting.

DAMAC’s Vision for Ras Al Khaimah

The vision for Ras Al Khaimah is to create iconic, lifestyle luxury residential communities and projects and serve end-users as well as investors an offbeat lifestyle experience. DAMAC is known for its excellence and build sustainable developments and their proven track record is the evidence that the developer has delivered myriads luxury developments which received higher appreciation and investment potential.

DAMAC’s upcoming project in Ras Al Khaimah

DAMAC Properties is a renowned real estate tycoon in Dubai and has delivered outstanding developments including premium, luxury and super-luxury projects. And now they are expanding their real estate in Ras Al Khaimah by announcing some upcoming projects. The developer has revealed only one project – DAMAC Shoreline At Al Marjan Island and the rest are in the pipeline.

Ras Al Khaimah is the perfect zone for investment and boasts the business-friendly ambiance and as compared to Dubai, property prices here are quite more affordable here. DAMAC’s project’s will create a buzz here and it will impact positively.

What can you expect from DAMAC’s debut project in Ras Al Khaimah?

Location

Certainly, you will possess an offbeat address that will meet all your needs. DAMAC’s projects at Ras Al Khaimah will not only let you explore an Island inspired lifestyle. But it will give you an opportunity to invest in such an area where property demand boosts and chances for ROI increases. Ras Al Khaimah has many outstanding communities which boast unparalleled lifestyles and are adorned with all lifetime amenities. Currently, DAMAC launched the new project in Al Marjan Island , with 10.6% higher ROI the location offers you many things to explore.

Property Types

DAMAC delivers apartments, townhouses and villa property and it is expected that Shoreline at Al Marjan will receive the best configurations. But it is sure that this new development will all possess a waterfront view. The developer will bring different unit types that will match the living standard of working professionals as well as families.

Amenities

DAMAC always places many outstanding developments and offers superb lifestyle amenities. At Shoreline you can enjoy the best version of living amidst different types of lifetime amenities. You can facilitate different types of high-end facilities like spa -sauna, steam rooms, kids play area and walking trails. DAMAC promotes a healthy lifestyle hence smartly integrate such types of uplifting amenities at this upcoming project and others which are in the pipeline.

Other than this, in every project you will experience the highest standard of living blended with luxury and comfort. Majorly you will find out: -

• Luxurious interior:– DAMAC’s projects boast high-quality finishes, spacious layout, and superb design, here you can enjoy modern specification, best fitting and fixture.

• Recreational Facilities: - fitness centre, swimming pool, lush landscapes, etc Retail and Dining:- On-site shops, food outlets, cafes, restaurants and other conveniences.

Higher ROI

DAMAC’s upcoming project in Ras Al Khaimah provides investors a unique opportunity for investment and to be a part of a growing and vibrant community. Undoubtedly, Ras Al Khaimah is the best zone for property investment. Rental property demands are high in this city and the monthly rental yield of a studio unit is between AED 2,500 – 4,000, a 1 bed apartment monthly rental yield is AED 3,500 -8,000 and townhouses monthly rental yield is between AED 15,000 -30,000. Similarly, a villa property monthly rental yield is 20,000 -50,000.

Further, the ROI of Ras Al Khaimah went up 16% -20% higher in this current year (2024) and there are some factors that boost the property value in Ras Al Khaimah.

Why Invest in DAMAC Upcoming projects in Ras Al Khaimah?

• Gaming / Casino to attract MICE and Drive Growth

Currently gaming contributes 43% of Nevada’s GDP in 2023 and 50.9% to Macaus’s GDP in 2019.Gaming is a significant catalyst in attracting MICE events and drawing in business travellers too. Ras Al Khaimah has the largest casino Wynn Al Marjan, nestled over 18,500 sq.m that boost property value.

• Saturation In Dubai Beachfront

Dubai beachfront locations like Creek, marina and palm have become saturated with capital value maturing. This has capped the yields up to 6% Al Marjan opens the opportunity to generate yields beyond 9%.

• Wynn Al Marjan is the only top casino based on an island and sea facing

Al Marjan is a rare island beachfront real estate opportunity like Palm Jumeirah and The World Islands , with views of a Casino on a beachfront. Living in a beachfront an seeing a casino which is on the beach front is rare in the world

• RAK is an emerging growth market

RAK’s current occupancy stands at over 71-75% which will significantly rise once the casino is fully operational. With average apartment capital values growing 35% in the last one year, attractive for the investor fraternity as it surpasses Dubai's IRR of 11- 12 %, Registering between 20-30%.

Conclusion

DAMAC's upcoming project in Ras Al Khaimah promises luxury living and creating investment opportunities. The developer is always known for their innovative approach and design implemented in the project and it is expected that like their other developments this upcoming development will also provide an unparalleled lifestyle, along with this increased exceptional investment potential. Hence, take advantage of this opportunity and be a part of Ras Al Khaimah’s exciting growth story with the branded name DAMAC.