Located in the northern part of UAE on the crossroads of East and West where you can see the Indian Ocean, Arabian Sea, and Gulf Beach at the same place. Ras Al Khaimah is one of the best places for international trade in the country, it is also the biggest tourism and real estate industry in UAE.

When you get so many aspects in one place then how can you not think of having a house here? Especially the ones who often travel to Ras Al Khaimah for work purposes. It is good to have a property here that saves your accommodation costs and offers other benefits as well. We will know more about this in the later part. 

Amazing Destination for Trade 

Being one of the important international trade centres, Ras Al Khaimah offers a huge variety of opportunities for businesses. With the presence of 45k companies and 6k+ manufacturing companies Ras Al Khaimah is a free trade area offering lucrative opportunities and a steady environment for business. Furthermore, Ras Al Khaimah is a business-oriented place famous for its investor-oriented regulations and also offers lucrative opportunities for UAE business incentives to investors, expats entertaining 100% ownership by foreigners, recovery over profits, and support by government to foreigners and non-UAE residents.  

If not traded, then investors can pose their property for rent and get good rental income out of it.  Also, significant processes for property investment such as registration, taxes, and other provisions are quite easy over here as compared to other regions. Therefore, one can easily own a property here with simple steps despite being a non-resident of UAE be it for business purposes or personal reasons. 

Infrastructure Development 

The highly developed and advanced infrastructure development of Ras Al Khaimah is another significant factor forcing foreign real estate investors to buy property in Ras Al Khaimah . Infrastructure development here not only means beautiful public parks and tourist places being constructed or the development of convenience and luxury communities in the region. Infrastructure development here also means the development of high-end bus stops with central air conditioning, highly developed roads & bridges, and a good transportation network. Ras Al Khaimah has been increasingly enhancing its social infrastructure and as a result, offering works class amenities and services. Therefore, besides having a home in your place it would be best to buy off-plan property in Ras Al Khaimah. 

Best Options to Invest in Ras Al Khaimah:

• Bay Residences at Hayat Island

• Danah Bay at Al Marjan Island

• Marbella Villas at Hayat Island

• Emaar Address Residences – Al Marjan Island

• Nikki Beach Residences

Strong Connectivity and Logistics Perks 

As stated in the previous parts Ras Al Khaimah is strategically located in UAE and gets a lot of benefits from all sides which include good trading, tourism & hospitality, logistic advantages, and residential opportunities. The place is home to major logistics hubs such as Saqr Port, the largest port in the MENA region. Also strategically located, the region is a good market offering easy connectivity to Europe and Asia. 

Most importantly the city is just an hour away from Dubai and has the cheapest international airport. Their easy connectivity to other parts of the country and the world is another significant factor that pushes you to get a property in this amazing place. 

Now let’s know what Investment Benefits Will Get from Ras Al Khaimah Real Estate Property Investment 

• The return on investment for villas and apartments has seen growth in this region growing up to 11.6% which is a huge and profitable rate. 

• Freehold property in Ras Al Khaimah allows foreign investors to have full control over the property with extreme security and ownership over the land. 

• As compared to Abu Dhabi and Dubai property prices are lower for foreign investors

• Here property owners can enjoy rental income without paying any income tax or any minimal maintenance costs

• Also, developers here pay 2% of the registration cost to lower the burden on the investor head

Conclusion

Therefore, these were the reasons why a non-resident of the UAE must own a second home in Ras Al Khaimah. We hope you are now convinced to have your own home in this land and will right now go and think about it. And for more information about the real estate industry do follow up on us regularly.