With years of history and culture, Ras Al Khaimah offers the perfect getaway from the hustle and bustle of Dubai. Just 45 minutes from Dubai, RAK offers an entirely unique experience.
With year-long sunshine and over 75 kilometres of sandy beaches offering amazing coastlines and magnificent landscapes the emirate has firmly established itself as the UAE’s most authentic destination.
RAK provides a unique combination of many of the UAE’s most appealing factors with beachfront and golf course living at the same time offering residents views and easy access to the Hajar Mountains for adventure seekers. Not to mention the world’s longest zip line.
In recent years there has been an immense tourism drive from RAK Tourism Development Authority, Tourism has grown by 10% in the last three years – this figure is higher than the entire UAE. Over the last few years, there has been a huge wave of local and international investment with an exceptionally large drive in the hospitality sector. It has become a significant hub for hotel investment with a pipeline of 10,200 rooms. The Address Hotel, Ritz Carlton, InterContinental, Anantara, Avani and Thomas Cook have announced their addition to local hotels, as well as many other large groups about to start construction. Double Tree Al Marjan Island and Rotana have just added many rooms via extensions to their existing portfolios showing very positive signs of growth. These projects all pave the way for an increase in employment and in turn demand for residential property.
- Ras Al Khaimah Real Estate Market
We started to sell and rent freehold real estate in Ras Al Khaimah back in 2007 when the market was limited to just off plan developments. It was not easy to convince investors to pick RAK over Dubai; however, each of those developments was delivered and handed over to our eager buyers. One development was an exception that was deemed to be one of our major challenges. It’s never easy to break the news to an investor of a developer going bankrupt – this was one of the first instances in RAK, and we then had to change the way we sold properties and instead forged ahead with selling ready property only – of course, we do still sell off plan but only when our clients have full protection.
- Our focus remains on the below projects
The Cove Rotana Resort – A traditional resort located on an idyllic beachfront. A hotel at heart but also offering one, two and three-bedroom villas for sale and long-term rental.
Mina Al Arab – A unique mix of aesthetically designed residential apartments and villas. Its surroundings are carefully crafted for residents looking to escape the stresses of city living with all amenities at hand.
Al Hamra Village – Is an integrated community comprising over 4,000 residential units, five luxurious hotels,
Al Hamra Golf Club – a Par 72 championship golf course, Al Hamra Marina and Yacht Club and Al Hamra Mall.
Al Marjan Island – A man-made island which is Ras Al Khaimah’s answer to the Palm Jumeirah. With waterfront homes, quality hotels and resorts, marinas, private beaches for residents, leisure, retail and recreational facilities.
Why Ras Al Khaimah?
- RAK offers a calmer, slower pace amid beautiful natural surroundings
- A strong community feel
- Much cheaper cost of living compared with Dubai
- Superb marinas, entertainment facilities, sports facilities, world-class shopping
- Large choice of high-level residences which offer incredible value for money to both investors and tenants
Residents in most of the above communities are just a short walk away from private beaches, yacht clubs, shopping malls, and championship golf courses. Many residents even have golf buggies to get around really offering a relaxed way of life compared to the bigger UAE cities like Dubai and Abu Dhabi.
Beachfront properties are available without the hefty price tags of Dubai and Abu Dhabi and the day to the day hustle and bustle of the big cities.
Beachfront studios can be purchased in RAK starting from just AED 200,000 and a 4-bedroom golf course townhouse from AED 1,000,000. Rentals start from only AED 20,000 and AED 80,000 per annum respectively.
Recent figures show us that demand is still high and prices appear to be bottoming out, which offers investors a perfect window of opportunity to pick up a substantial property in a fantastic location before prices rise back to their true value. Current average returns sit at 7-8% offering a tremendous return on investment. Hunt and Harris Real Estate manage over 300 residential units in RAK offering investors an end to end turnkey solution providing a hassle-free property investment.