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Investment in real estate is a lucrative decision and especially when it comes to investment in UAE then choosing the right location will always draw you nearer to your goal. UAE has two emerging cities which is quite in the news for Real estate record-breaking transactions in the last few years. One is Dubai and the other one is Ras Al Khaimah .
So, this blog is a comparison between Ras Al Khaimah Real Estate vs Dubai Real Estate and although we know which city grabs the most attention towards itself, still we would analyze it closely. We would discuss some points of both the cities and understand them. And lastly, there is a prediction mentioned on these remarkable cities, hence do not miss out on it!
Real Estate Price Of Ras Al Khaimah Vs Dubai
Affordability is what you get in the Ras Al Khaimah Property Market . A 1-bed apartment in Ras Al Khaimah would cost you between AED 300,000 – AED 1,350,000
According to Night Frank, the average property price in Dubai is AED 3.3 million. A 1-bed apartment in Dubai starts from AED 600,000 to AED 2 million which is entirely depends on the location and the average price is AED 1,620,180.
ROI & Rental Yield of Ras Al Khaimah vs Dubai
The average rental yield for apartments in Ras Al Khaimah is 8-10% whereas Dubai’s returns record 3-5%. On the other hand, RAK rental yields are higher because of its lower cost of living, high tourism demands for strong-term rentals are some reasons for the growing higher rental yield of RAK. Besides this, RARK provides consistent returns and the market is stable property prices soar.
Dubai is a global investment hub and investors across the globe choose it as their investment zone, most high-net home buyers mostly look for lavish properties as well as lifestyle. Investment in Dubai and rental yields are always associated with investment in high cost of properties in a high demanded areas and then only you can expect good rental yields.
Government Initiatives In Ras Al Khaimah vs Dubai
UAE Government has supported both of the cities’ real estate sectors by initiating many rules and regulations which not only protect the rights of sellers but buyers as well. Both cities provide business-friendly environments and here.
Dubai & Ras Al Khaimah provides Golden Visa facilities to expats, also they provide freehold zones and freehold property, which foreigners can buy a property with 100% ownership. To get a Dubai Golden Visa you have to invest at least AED 2 million as per the revised rules lately and the same amount Ras Al Khaimah Golden Visa is also required.
On the other hand, both cities do not charge any personal income tax. There is only one difference is the affordability that you experienced in Ras Al Khaimah which is quite pricy in Dubai.
Economic Landscape Of Ras Al Khaimah vs Dubai
Ras Al Khaimah’s robust infrastructure and strategic initiatives is the backbone of the real estate market. The city is widely famous for tourism and mostly the city generates a higher economy from tourism. The city contributes about 5% of the GDP and according to reports RAK’s tourism revenue grew by 64.7% in 2023. Further, in other industrial zones, infrastructure shows an upward growth trajectory in the near future.
Currently, The Wynn Resort – A World Class Casino in Ras Al Khaimah has grabbed the attention of investors and Once the Casino gets operational here, it will also play a major role in Ras Al Khaimah’s growing economy.
Dubai is already a powerhouse of its economy and almost every sector is brilliantly contributing to UAE economy. investor-friendly policies taken by UAE Government, visionary leadership and the bustling environment are the prime reasons to strengthen the economy of Dubai.
Investment Opportunities In Ras Al Khaimah Vs Dubai
Both cities have various domains where investors would get endless investment opportunities. Let’s understand: –
Technology And Innovation – Dubai is quite advanced in technology and is the epicenter of technology firms. The usage of advanced technology has been widely used in every sector of Dubai and you can witness that. So, for those who want to invest in the technology sector, it will be a good area to invest.
The same can be seen in Ras Al Khaimah, the city uses technology in industrial innovation hence for tech-driven manufacturing ventures RAK is an advantageous place to invest. Other than this, both cities allow digital modes of transaction. Cryptocurrency is also used in both countries.
Tourism and Hospitality – Both the cities are renowned for tourism. last year in 2023 Dubai received 17.15 million international visitors overnight; whereas, according to Ras Al Khaimah; ‘s Tourism Development Authority reported the city received nearly 1.22 million visitors in the same year.
Dubai holds many world-renowned notable landmarks and wonders in its heart and Ras Al Khaimah is known for its natural landscape, tourism and hospitality. Dubai is quite artificial and man-made and the existence of nature is quite far from that city. Whereas Ras Al Khaimah in this case, grab the attention of all where you can explore nature and immersed in it .
For investment in tourism, both the cities have their own USP but if we see from nature, adventure, mountains, beaches and more fresh environment then Ras Al Khaimah is the best city. Investment in Ras Al Khaimah tourism will bring you endless benefits.
The Al Marjan island is the best project till now in Ras Al Khaimah worth of $1bn gigantic project where resort-style living as well as leisure recreations are made.
Real Estate and Retail – Real Estate investment in both cities offers endless benefits. But if we compare both the cities Dubai is renowned for generating higher ROI and demands for property are higher. Also, you can find different property types here. The average gross rental yield in Dubai was 6.30% in 2023 and Ras Al Khaimah was 4.69% in the same year.
Ras Al Khaimah also offers a range of property options and as compared to Dubai property prices are quite affordable here. So, if you are looking for a budget-friendly investment along with natural surroundings then RAK is the best city where you can get these opportunities. Not only in the residential but also in the commercial and retail sectors you can get endless opportunities to investment options.
Top 5 Communities Of Ras Al Khaimah
Al Marjan Island
Al Marjan Island is the most appealing location in Ras Al Khaimah, this is the perfect man-made island and consists of four islets and boasts large numbers of freehold properties. So, for experts, this is the best location where they can get random property options in different sizes. Here the development features a range of entertainment options and that is why everything is just smartly developed. Furthermore, the development is just smartly developed and surrounded by a calm and cool ambience so you can expect a wholesome living experience.
The recent report says the highest ROI in Al Marjan is 7.7% hence from that standpoint, you must consider this. If you are looking for an investment opportunity then Emaar Address Residences Phase 2 , Oceano by Luxe , Ellington Cala Del Mar , Marjan Beach Residences , Marjan The Beach House, Manta Bay, and Emaar Address Residences are just name of a few where you can park your money.
Hayat Island
Hayat Island is a mixed-used project in Ras Al Khaimah and home to several residential towers. It’s a quite peaceful location RAK and rarely you will be disturbed by outside noise, as the sea waves eliminate all distracted sounds from here and offer cool and calming surroundings. The island offers all types of amenities as well as services, residents here will be facilitated with social amenities like restaurants, green areas, clubhouse, The Lagoon Walk, Retail Shops, Parks, Swimming Pools, Hotels, Hypermarkets and cafes.
So, from a living standpoint indeed this is the best location in Ras Al Khaimah and here you can spot different types of properties like studios, apartments, villas and townhouses. Here are some most exclusive projects in this island are Bay Residences by RAK Properties , Marbella Villas by RAK Properties, Quattro Del Mar , Nasim Lofts by RAK Properties, Cape Hayat 2 , Gateway Residences 2 , Cape Hayat, Porto Playa are to name of a few.
Al Hamra Village
AL Hamra Village is the most sought-after location in Ras AL Khaimah and provides the best side of living experience; as the development offers waterfront luxury accommodations.
Al Hamra Village is a collection of five high-rise buildings in Ras Al Khaimah UAE. End-users as well as investors here can find a wide range of property types including apartments, villas and townhouses. Further, the community provides the best kind of recreational amenities hence you can easily unwind yourselves amidst a range of options.
With the highest 9% ROI this superb community is inviting investors where they can grab endless advantages. From Al Jazeerah Beach the area is just 12 minutes’ walk and only 30 minutes distance from Ras Al Khaimah International Airport. Currently, two outstanding projects are gaining huge popularity there one is Falcon Villas and another one is Bayti Townhomes .
AL Hamra Island
Al Hamra Island is a part of Al Hamra Village and here the sound and serene ambience is the major attractions, life at this address is quite peaceful and offers the best side of living which you would surely wish to have for a lifetime.
Al Hamra Island is also hub of many social services so all your needs would be just within driving distance. Location-wise it’s a quite serene place and holds top-notch development in its heart. As the property demands are high here, even renowned builder choose to deliver their notable projects here
Currently, reputed developer Ellington Properties has delivered an impressive apartment project Ellington Views 2 at this location.
Al Wadi Desert
Al Wadi Desert is a nature reserve in Ras Al Khaimah and if you want to experience authentic desert living then you can explore here. It would be quite exciting to have a home surrounded by nature where you will get the opportunity to see the rare oryx, camels, desert cats, and desert foxes.
Al Wadi Desert will give you a complete tour of Desert Safari here, simultaneously, you will enjoy the rich heritage site, and culture and will be impressed by the hospitality the place offers. Wide ranges of property options are available here in apartments & villas and currently, the reputed RAK Hospitality Holding has delivered the magnificent Carlton Residences here.
Top 5 Communities Of Dubai
The Palm Jumeirah
Palm Jumeirah of Dubai needs no introduction as it is famous as the largest man-made island in Dubai and counts as the world’s wonder. Buying a property here indicates you will enjoy the iconic world’s landmark for a lifetime. Palm Jumeirah is home to many high-net-worth home buyers.
Also, the community is known for its waterfront lifestyle as well as properties, hence residents here can experience the best side of lifestyle here. On the other hand, you will be facilitated with endless luxury options in leisure recreation. There are many famous restaurants and other recreational places are located here. Residents here would get a wide range of residential property options such as apartments and villas. Villa property demand is quite high in this community hence you can explore different types of villa homes here.
Recently, Palm Jumeirah’s most expensive Signature villa has sold out for AED 128 million and broke the record in Dubai Real Estate. With a 3.34% higher ROI for villas in Q3 2023 Palm Jumeirah is welcoming investors as well as end-users to pick a home here among these new off-plan projects such as Ela By Omniyat , 1 bedroom apartment in Palm Jumeirah, Armani Beach Residences , Orla Infinity, The Palm Crown , etc.
Downtown Dubai
The poshest community of Dubai is a highly desirable destination amongst end-users and this place frequently receives higher tourist visits here.
Downtown is the home the most iconic Burj Khalifa and other major attractions like the Dubai Fountain. The lifestyle the development offers is luxurious, with more grandeur home options. Mostly, luxury apartment and duplex property types are available here.
So, you can choose your own options from them and here the community provides endless options to unwind. All facilities are developed inside the community.
With 6.32% higher ROI you can expect good rental here. And if you are looking for a lifetime destination in this location then here are some new off-plan projects in Downtown Dubai like Mercedes Benz Places , Rouge by Baccarat , Society House , Opulent Residences , Keturah Downtown, Keturah Burj Khalifa are to name of a few.
Dubai Creek Harbour
Dubai Creek Harbour is an outstanding waterfront community in Dubai. Developed by Emaar Properties the community is further divided into 9 districts The Island District, The Canal District, The Business District, North Park, Central Park, Park South, The Retail District, The Sanctuary District, and The Urban Core.
Hence each cluster here possesses high-rise luxury residential towers and offers lavish apartments, villas and townhouses in different configurations. Here, the community is smartly developed with different types of social amenities like supermarkets, malls, restaurants, café, luxury hotels and many more things that are just well allocated. In addition to this, the community has robust transportation facilities are available. Dubai Health Care Metro Station is the nearby metro station which will make your every journey smoother & more convenient.
Emaar Oria , Emaar Aeon , Emaar Creek Waters , Emaar Creek Gate , Emaar Creek Palace, and Emaar Creek Edge , are to name a few projects which you can consider for investment.
DAMAC Lagoons
DAMAC Lagoons is a Mediterranean-inspired gated community and consists of 8 different clusters such as Venice, Morocco, Costa Brava, Nice, Malta, Andalusia, Portofino, and Santorini. All in all, DAMAC Lagoons holds a waterfront lifestyle. Here the community offers different types of accommodations type such as villas and townhouses. These properties boast high-end lifestyles and the best range of amenities.
Also, DAMAC Lagoons holds a standard lifestyle, here you will enjoy a golf view, opportunities to play golf, a waterfall, waterslides zipline, snorkelling, a floating amphitheatre, waterside restaurants, café, parks, beaches, a Golf Club, a Meditation lounge and so on. Although the community have no public transportation services for now (as it is still in the development phase) you can use the nearby DAMAC Hills transportation services. Investing in DAMAC Lagoons means getting a Mediterranean Mediterranean-inspired lifestyle, an Upscale range of lifestyle, Ranges of property options, impressive ROI, Social Amenities and much more.
7 bed villas for sale in DAMAC Lagoons Portofino , DAMAC Lagoons Views 2 , DAMAC Lagoon Views 1, DAMAC Lagoons Mykonos , DAMAC Lagoons Morocco , Monte Carlo at DAMAC Lagoons are some awesome projects you can consider.
SOBHA Hartland
Sobha Hartland by Sobha Realty is a green oasis in the heart of the desert. This is an ideal community in Dubai for families as it holds top-notch living inside the development.
Sobha Hartland is 30% dedicated to greenery, hence residents here will be facilitated by 30% land featuring 300 species of trees and plants. It’s a fully developed community hence residents here will be facilitated by all social amenities as well as basic amenities within the community. The community offers waterfront living, 2 international schools, cafes & Restaurants and schools, hospitals, supermarkets, and other facilities just at your doorstep.
Here, the development offers a wide range of property options including apartments, townhouses, villas and mansions are superbly planned with different typologies. Sobha always maintains quality in their residential development and here you will explore luxury homes with world-class amenities.
Sobha Hartland Greens , Sobha Creek Vistas , Sobha One Park Avenue , Sobha Crest Grande , and Sobha Creek Vistas Grande are to name a few projects located in the Sobha Hartland community which you can consider for investment.
In A Nutshell
From the Real Estate Investment landscape, Ras Al Khaimah and Dubai are the most opportune cities. Ras Al Khaimah is a complete tourist city which attracts many sustainable developments largely and as compared to Dubai property prices are quite affordable here.
Whereas Dubai has a diversified real estate sector that provides stability amid market challenges. The city follows high-standard life and property prices here are expensive as compared to Ras Al Khaimah.
So, if you are planning for investment, it is entirely on your preferences and objectives and of course, the budget you have sent in your mind. Because every investment comes with challenges and risks but once you understand risk factors as well as benefits and know the right opportunity it will make your decision firm.
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