Why Ras Al Khaimah is Best Option For Real Estate Investors ?
marjanisland
Have you ever wondered why people are suddenly considering investing in Ras Al Khaimah?
The short answer is that it has become the top alternative to Dubai with affordable properties yet impressive returns. Yes, you can invest less and gain more!
So, how good of an alternative is Ras Al Khaimah?
Let’s find out!
A Glimpse Of Ras Al Khaimah:
Ras Al Khaimah is situated on the diversions of East and West. The email is accessible to the Persian Gulf, Indian Ocean, and Arabian Gulf. Here’s a glimpse of why Ras Al Khaimah is gaining popularity:
First thing first, Ras Al Khaimah, Al marjan has lots of valuable resources like oil, technology, minerals, and land for farming, making more people want to live there. Located near the sea, Ras Al Khaimah enjoys pleasant weather with slightly higher humidity in winter. The area offers excellent amenities like hospitals, spacious parks, schools, and more. With a 64 km long beach boasting calm blue waters, it's ideal for both adventurous souls and those seeking relaxation. Residents can indulge in various water activities at their leisure, making everyday life more enjoyable.
Real Estate Market Overview Of Ras Al Khaimah:
More than 100s of real estate experts and investors have said this: “ 2024 is the best year to invest in RAK” Why?
In 2023 RAK saw an upward trend in rental and sale prices. The apartment sale prices here rose to 18.5% and the rental yield climbed up by 7-11%.
Contributing to that are these few stats that confirm what experts say:
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Villa markets also experience growth, with a 3.55% increase in sales prices.
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Hamra Village rents jump by 9.37%.
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The rental yields are forecasted to reach 7-8% in 2024.
Ras Al Khaimah Vs Dubai: A Quick Comparison
|
Parameters |
Ras Al Khaimah |
Dubai |
|
Location |
Fourth largest UAE city, 1.25 hrs from Dubai |
The largest and most populous UAE city |
|
Economic Diversification |
Strong policy, manufacturing hub |
Diverse economy, primarily tourism-focused |
|
Tourism Sector |
Fast-growing, named Gulf Tourism Capital |
Established global tourist destination |
|
Climate |
Hot and arid, best time Nov-Feb |
Hot desert climate year-round |
|
Accommodation Options |
Wide range, of luxury resorts to affordable |
Abundance of luxury hotels and resorts |
|
Main Attractions |
Jebel Jais, desert experiences, historic sites |
Skyscrapers, shopping, entertainment |
|
Transportation |
Accessible, taxi or car from Dubai |
Well-developed transportation network |
|
Investment Potential |
Increasing potential, competitive prices |
Established market, higher investment |
|
ROI on Investment |
In 2023, Mina Al Arab offered an average ROI of 4.43%, whilst Al Hamra Village recorded a 5.87%. |
With an average of 8 to 15 percent, Dubai has some of the highest real estate returns on investment worldwide. |
|
Lifestyle |
Authentic Arabian experience, nature-focused |
Modern, cosmopolitan, luxury-driven |
|
Range of Properties |
Diverse options, from villas to apartments |
Primarily high-rise condos and villas |
Latest Project at Ras Al Khaimah
1:Ola Residence At Al Marjan
2:octa trio isle
3:Taj Wellington Mews
4: Aquino at Al Marjan Island
Wrapping it up:
Ras Al Khaimah's real estate presents a viable alternative to Dubai's offerings. Boasting a thriving tourist scene, diverse property options, and ambitious projects, RAK provides a mix of luxury, affordability, and authentic Arabian atmosphere, appealing to both investors and homebuyers.
