Introduction to Ras Al Khaimah’s Real Estate Market

Ras Al Khaimah (RAK), the northernmost emirate of the UAE, offers an impressive combination of scenic beauty and burgeoning economic potential. Tucked between the dramatic Hajar Mountains and the tranquil Arabian Gulf, RAK is rapidly gaining attention as a prime location for real estate investment.

Strategic Growth: Al Marjan Island

One of the most significant areas in RAK is Al Marjan Island, a collection of four man-made islands that is now an emerging focal point for major developers. These developers are rapidly buying parcels of land to create a mix of residential and commercial properties. This is transforming Al Marjan Island into a vibrant community that promises high returns on investment due to its appeal as a luxury destination and its increasing commercial activities.

The Promise of Wynn Al Marjan Island

The upcoming Wynn Al Marjan Island, an integrated resort and casino coming out in 2027, is a prime example of the monumental projects being undertaken. This development will catapult the local real estate market of Ras Al Khaimah to new heights by attracting tourists and investors from around the globe, significantly boosting the demand for nearby properties which will make buying a property in Al Marjan island an attractive investment venture.

Investment Incentives in Ras Al Khaimah

The promise of Ras Al Khaimah’s real estate market is due to its significant return on investment (ROI) with prime areas such as Al Marjan Island averaging between 6%, with the potential to reach up to 11.7%. The emirate’s development is expanding its tourism and industrial sectors and has set the stage for substantial appreciation in property values.

Investing in RAK also offers additional financial benefits, such as no income tax and capital gains tax, and full repatriation of profits and capital as well as zero import and export taxes. These factors make RAK an attractive market for both local and international investors looking for lucrative opportunities in a stable and growing economy.

Luxury Living at Its Best

One of the benefits of buying property in Al Marjan Island is the proximity to major and other international travel hubs such as Dubai International Airport which is only 40 minutes away. Ras Al Khaimah provides a unique value proposition for investors. It’s an emerging market with a smaller population density and a more relaxed pace of life compared to more developed parts of the UAE.

Range RAK’s two developments on Al Marjan Island offer an unparalleled beachfront living experience. The Beach House, which is 4 minutes away from The Wynn Al Marjan, is commencing site work in 30 days and The Beach Residences is almost sold out of its East Wing.

For more information, contact Range RAK at @info@rangerak.ae or call  +971 4 3253447.