New buildings in Ras al-Khaimah
City on the map
Ras al-Khaimah is a city in the United Arab Emirates, the administrative center of the emirate of the same name, located in the northern part of the country on the Persian Gulf coast.
Why is it profitable to buy an apartment in a new building of Ras Al Khaimah?
This is a resort town, which has everything for a full-fledged fashionable rest: picturesque views, magnificent beaches, tourist places that are interesting to visit. The main advantages of the city are its rich nature and architectural heritage. The oasis city is considered one of the most beautiful places in the Emirates.
The economic zone of the emirate and the city of Ras Al Khaimah brings together investors and international markets, provides an incentive for various business projects in many industries. The city is the headquarters of a world ceramics manufacturer.
Education is focused on the needs of the local labor market, in particular, on training in technology and medicine. There is the Higher College of Technology, the University of Medicine and Healthcare, the American University and other educational institutions.
The climate is tropical, rather mild. It is hot in summer and warm in winter. The sea breeze of the Persian Gulf and the neighborhood of the mountain range create a feeling of coolness and freshness.
The city has an airport serving international airlines, the distance from it to the center of Ras al-Khaimah is 21 kilometers. There is no bus service, only taxis (convenient and inexpensive). You can rent a car there as well. The city is connected by a modern highway with Dubai, there is a seaport too.
Active construction is underway in the city; Ras Al Khaimah real estate in the new building is in demand. The UAE authorities are interested in ensuring that each emirate develops harmoniously, regardless of the presence or absence of oil in a particular location. Where it does not exist, as in Ras al-Khaimah, they try to use all the possibilities of the region, create conditions for business and tourism. It is tourism and local business that provide the flow of investment here, as well as the demand for primary real estate.
Investing in new buildings in Ras Al Khaimah from the developers can generate significant rental income in the medium term. Residential complexes in Ras Al Khaimah offer a variety of housing, built in compliance with modern technology. LCD builders have significant experience and positive feedback on quality. The sale of apartments from developers is carried out in black frame condition or with new renovation. You can buy an apartment from a developer in Ras Al Khaimah at a very reasonable cost.
The minimum price per square meter of area with a new renovation (according to the information of the GEOLN.COM search engine) is 1,400$, but in this case the area of the apartment being sold is likely to be significant, so the housing as a whole will still cost a lot.
Features of purchasing an apartment in Ras Al Khaimah from a developer by foreigners
Citizens of any country have the right to buy real estate in the UAE, but with territorial restrictions. Only citizens of the UAE and the Persian Gulf countries can purchase objects anywhere.
In 2006-2008, a number of resolutions were issued, thanks to which the list of free territorial zones was approved, including in Ras Al Khaimah.
What to see in the city and its surroundings
- a fort with a museum and the village of Daya;
- shopping centers and markets;
- camel racing track;
- hot thermal springs with a healing effect (in the village of Hatt);
- city park with playgrounds;
- mangroves with numerous animals and birds, including flamingos;
Purchasing an apartment in a new building in Ras al-Khaimah is an investment for buyers with a balanced business plan in a developing region, with the opportunity to enjoy beautiful landscapes and the sea (if the hot climate and local mentality do not bother such buyers).
Prices per sq. m. in popular districts of Ras Al-Khaimah
|Mina Al arab||1800$ / m2|
|Al Jazirah Al Hamra||1400$ / m2|
|Al Rafaah||2200$ / m2|
|Al Hamra Industrial Area||2000$ / m2|
|Al Marjan Island||2200$ / m2|