Why Invest in Ras Al Khaimah?

If there’s one constant advise we provide our investors regardless of market status, location and market segment, it’s due diligence. We cannot be more certain that a well-informed investor is an empowered investor, hence, we will continue to give you tips and data that will help you understand more about the market you entering.?

?In recent weeks we have been featuring a lot about a truly great investment opportunity a short drive from imperial & majestic Dubai. In this article, we are giving you a few reasons why you should consider investing in the adventure capital of the United Arab Emirates and an emerging nature destination in the Middle East, Ras Al Khaimah.?

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1 - Growth in residential population?

The increase in the number of residents living in Ras Al Khaimah is a key driver in property demand in the emirate. Following an increase in expatriate population observed over the past few years, the demand for studio to 1-bedroom units have been projected to resolve a forecasted rental demand in the coming years. The decrease in household size has also influenced the market to move from development of mansions and mega residences to family villas and townhouses. Recently, there have been reports that major middle eastern developers are currently in talks with Ras Al Khaimah, including Forbes Middle East’s top real estate developer -- Emaar.??

The Al Hamra Develpoment

The upgrade of Al Hamra to become a world class residential district will take shape within the next 5 years from 2023 to 2028 for both its freehold residential and hospitality portfolio. Al Hamra will invest resources in optimizing its existing assets & its current real estate portfolio to begin with the Falcon Island development project. Al Hamra continues to be one of the most livable destinations in the Middle East with its lifestyle & commercial offerings.?

Ras Al Khaimah has established, and is constantly improving, infrastructure to support residential, boutique hotels, resort hotels, community facilities and retail development in the emirate moving forward.?

2 - Attractive property prices?

Ras Al Khaimah real estate market is unrivalled. They are reasonably priced and since they register at a fairly low price point, it leaves an investor bigger opportunity to maximize their investment's potential.?

3 - High returns on investment?

The average returns for most apartments in Ras Al Khaimah is at 7% - 9% ROI while some early launched apartments have increased its value yielding up to 17.5% during the previous decade. The growth in property prices register a remarkably high increase from a fairly low base cost unique to only Ras Al Khaimah properties.?

4 - 100% Foreign Ownership & Tax Free?

Freehold projects are nothing new to Ras Al Khaimah. As an emerging real estate investment hub, loved by Western, European & Arab expatriates, the emirates continue to offer its investors 100% foreign ownership. Ras Al Khaimah remains as one of a few states in the world that offer its investors an exemption to Income Tax & Corporate Tax. The municipality believes that a special taxation program could in fact attract more investors and thereby stabilizing the market en route of becoming a key economic player in the Middle East.?

5 – Special UAE Residency Visa Eligibility?

As part of the ongoing initiative of the UAE government to lure investors into the country, Ras Al Khaimah gives its fair share of properties that are eligible for special UAE residency visa. Do check out one of our recent blog articles to know more about the Special Residency by Real Estate Investments in Dubai, Link: https://www.dhirubhai.net/pulse/special-residency-real-estate-investments-dubai-bluecollectionre ?

6 - Growth in tourism?

The Ras Al Khaimah Municipality has recently revealed their 5-year development plan to highlight the emirate as a competitive investment & tourism destination in the gulf. Having the same market behavior as Dubai’s real estate market, Ras Al Khaimah believes that intensifying its tourism offerings will branch out and cultivate progress across all other industries in the emirate. Enhancing its tourism portfolio will increase the value of the RAK property market, the same way direct sectors like retail, hospitality and food will progress. Ras Al Khaimah bears an underrated and undiscovered force the world has yet to embrace. We have discussed in our last 2 articles what makes the Ras Al Khaimah coastline a future tourism powerhouse.?

Top Luxury Resorts Near Falcon Island, Link: https://www.dhirubhai.net/pulse/top-luxury-resorts-near-falcon-island-bluecollectionre ??

World Class Destinations Near Falcon Island, Link: https://www.dhirubhai.net/pulse/world-class-destinations-near-falcon-island-bluecollectionre ?

7 - Identical market behavior as Dubai?

Ras Al Khaimah real estate trends show that Dubai majorly influences its property market. Records will show that market movements of both Emirates share a directly proportional relationship in terms of price growth.??

8 - Low Cost of Living?

The costs of living are remarkably lower in comparison to the other emirates. The ease of doing business is exemplary. For a resort city in its early phase of development, Ras Al Khaimah demands a low cost in exchange of the world class, natural, Arabian charm it offers both residents and tourist.?

Our investment advisors in Blue Collection Real Estate have spent an enormous amount of time with Ras Al Khaimah and the team behind the Falcon Island development to make sure that we can present to you this opportunity founded in facts and credible market trends. The same degree of competence we integrate in every project we represent. In our next article we will be highlighting the reasons why you should invest in Falcon Island.?

For real estate questions feel free to leave us a comment or email us via [email protected] . #betterinvesting #betterbyblue ?

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Blue Collection Real Estate?is a specialty real estate brokerage committed to curating the biggest collection of premier properties in the United Arab Emirates, positioning the brand as the brokerage agency of choice for luxury waterfront real estate investments. Blue Collection Real Estate offers property sales, property leasing and investment advisory to broad selection of properties in the Emirates, from apartments with gleaming waterfront views to luxury penthouses and mansions.??

Bimal Lulla?is the CEO of Blue Collection Real Estate (BCRE), with strong presence in the Dubai real estate industry spanning 15 years. He is an investment expert backed by an impressive track record in real estate investments, management and sales particularly in the waterfront and luxury real estate market segment. Bimal comes with in-depth knowledge and experience in business planning, management, and implementation. With remarkably strong negotiation skills and the ability to foster collaborative relationships with clients, developers, external consultants, legal professionals and regulatory authorities, he opened?Blue Collection Real Estate?in 2021, mid-way towards Dubai's pandemic recovery, a boutique real estate brokerage agency focusing on the niche where Bimal is known best: waterfront and luxury properties.

Connect with Blue Collection Real Estate by calling office landline: 04-5915777 or office mobile: 056-5001676, you may also reach us by email through?[email protected]. ?