For foreign and local investors the Emirate of Ras Al-Khaimah has become one of the most attractive jurisdictions in economic terms. It should be noted that increase in income from investments in real estate here, for some projects, exceeded 100%. This revenue growth is due to important factors such as favorable environment for construction business, geographically convenient location, development of tourism industry, tax and customs benefits, and stable consumer demand for real estate.
Property in the Emirate of Ras Al-Khaimah, which shall be regarded as new business and tourist center in the UAE, has become an attractive target for investment of financial assets. Today construction industry and specialized economic zones are rapidly growing to ensure local economy stability and prosperity.
It is just 40 minutes drive from modern metropolis of Dubai. The Emirate of Ras Al-Khaimah has several advantages, which are reflected in relatively low cost of real estate. Moreover, the Government of the Emirate plans to implement several large-scale projects, including: International airport, large-scale entertainment park and construction of new shopping malls.
Such economic indicators and construction boom have become possible thanks to a significant investment by the Government of the Emirate into infrastructure, its development and improvement. Many international experts agree that in the nearest future the Emirate of Ras Al-Khaimah may compete to some extend with such famous neighbor as Dubai.
Ras Al-Khaimah – real estate and purchase peculiarities
The Emirate of Ras Al-Khaimah is famous for its unique architecture and unique natural scenery. The concept of urban development combines ancient architectural monuments and modern urban projects. Real estate experts note that despite traditional oriental style of the Emirate, it may truly become a modern business and cultural center in the region.
The infrastructure of the Emirate of Ras Al-Khaimah fully meets the highest international standards and in conjunction with favorable climate and great opportunities for holiday vacation it makes property of the Emirate as a quite attractive destination for investment. This is equally true for both local businessmen and foreign investors.
Ras Al-Khaimah - real estate for foreign nationals
Current laws do not preclude from purchasing real estate by foreign nationals. In contrast, the Emirate has a rather simplified procedure of registration of title for non-residents. At the same time, the United Arab Emirates have specific feature that distinguishes business relationship and concluded transactions. Let’s try to understand such features and provide practical recommendations.
When choosing the right real estate for purchase try to gather as much information about potential sellers as possible, whether he is an individual or a company.
Experts recommend to receive detailed advice with respect to performance of business and purchase of real estate in the United Arab Emirates. Pay due attention to this matter, and you will protect yourself against unlawful actions on the part of the seller and will strike a good deal.
Favorable location and transport infrastructure
Close proximity to the metropolis of Dubai and modern transport facilities allow to facilitate all available advantages. International Airport, major shipping port, modern highways, developed infrastructure for residence, and to add to that relatively inexpensive real estate, make the Emirate of Ras Al-Khaimah the most favorable place in the UAE for purchasing real property.
Real estate in Ras Al-Khaimah is a combination of pristine nature, stunning scenery and modern infrastructure. It offers luxurious dining and entertainment options, historical monuments and fascinating excursions, modern shopping and sports facilities, all with impeccable and friendly service.
Ras Al-Khaimah - real estate, benefits and advantages
Additional attraction of the Emirate of Ras Al-Khaimah is ensured due to availability of specialized economic zone where foreign businessmen and investors can do business with 100% foreign participation. These business solutions are fully exempt from taxes and customs duties.
Great perspectives of real estate market of the Emirate are evidenced by many current construction and infrastructure projects. International experts list the following advantages for purchasing real property in the Emirate of Ras Al-Khaimah:
- Relatively low cost of real estate;
- High performance of real property market in terms of lease and annual price increase (20-22% in average);
- Excellent opportunities for good resort vacation;
- Opportunity of real property purchase by overseas persons;
- Full absence of property tax and derived profit;
- Active development of the region and investment climate for the economy of the Emirate;
- Implementation of large-scale tourism and entertainment projects.
Statistics show that the Emirate Ras Al-Khaimah is attracting more foreign nationals for family holiday. This explains popularity of real estate built along the coastline. Furthermore, real estate in hotel sector of the Emirate is attractive for foreign investors, which is the sign of active development of tourism industry.
Thus real estate in Ras Al-Khaimah is a great opportunity to invest capital into perspective and profitable assets.
