- September 5, 2023
- 498
- Real Estate
Are you thinking of Buying An Apartment In Ras Al Khaimah or investing in real estate or commercial properties?
If yes! then we have some exciting news for you all!
Ras Al Khaimah, also known as RAK, is the 7th emirate of the United Arab Emirates, located north of the country. However, it’s a small Emirate, which covers just over 1,800 square kilometers with a population of half a million. Ras Al Khaimah has attracted its share of attention as one of the most beautiful places in UAE.
And now, as the fastest developing region in the world, many exciting projects are coming up with billions of dirhams. These projects have attracted investors from all over the globe who are looking for a profitable investment opportunity.
So, are you excited to look at these beautiful projects?
Keep reading!
Why Ras Al Khaimah As A Prime Investment Destination?
Before diving into the guide, we have vital points for all new investors considering investing in Ras al Khaimah properties for sale. There are several reasons why Ras Al Khaimah is a prime investment destination. These include:
Strategic Location
Ras al Khaimah is a peninsula located at the mouth of the Arabian Sea, less than an hour’s drive from Dubai. Thus, It is an easy way to access international markets and a good place for living and doing business.
Affordable Property Prices
Compared with other emirates of the United Arab Emirates, real estate prices in Ras Al Khaimah are comparatively cheap. Therefore, investors looking for a good return on their investment should take advantage of buying properties for sale in Ras al Khaimah.
Government Support
The Government of Ras Al Khaimah has encouraged the property sector, providing several incentives for investors. Tax exemptions and visa waivers are also part of this.
Tourism Growth
In the coming years, Ras Al Khaimah will be a popular tourist destination, and this growth is expected to continue. Demand for real estate will rise, thus making it an investment that investors can profit from.
6 Hottest Upcoming Projects Ever
Now that you know why investing in Ras al Khaimah houses and properties is excellent, let’s see the top six most exciting festive projects ever. These projects will surely attract investors worldwide, so keep an eye on these projects.
Oceano Residences
The Luxe Developers, a UAE-based real estate company, has initiated the Dhs 1.5 billion Oceano Residences project on Al Marjan Island in Ras Al Khaimah. Comprising two luxury waterfront towers with 206 residential units, the project offers a range of one to four-bedroom apartments, penthouses, and Sky villas with private pools and Arabian Gulf views.
Residents will enjoy amenities akin to five-star hotels, including a SPA, gym, play area, and concierge services. The innovative architectural design by Diwan Architects features rotating floors for panoramic views, while interiors by Hirsch Bedner Associates emphasize luxury living. The project aligns with Ras Al Khaimah’s booming real estate sector.
Wynn Resorts With First Ever Casino
Wynn Resorts, a prominent casino operator, is set to introduce Wynn Al Marjan Island, a groundbreaking project in Ras Al Khaimah, UAE. Expected to open by early 2027, the resort marks Wynn Resorts’ entrance into the Middle East, featuring 1,500 rooms, entertainment options, a gaming area, and numerous dining experiences.
Despite gambling being prohibited in the region, the development signifies a shift towards diversifying the UAE’s economy and bolstering tourism. The venture, developed in partnership with local entities Marjan and RAK Hospitality Holding, is anticipated to attract tourists and foreign investments while contributing to the region’s entertainment and hospitality landscape.
Anantara Mina Al Arab
Another excellent upcoming Anantara Mina Al Arab Ras Al Khaimah Resort, opening in Q4 2023. Nestled in the tranquil northern emirate of Ras Al Khaimah, just 45 minutes from Dubai, this luxury haven offers overwater opulence by the Arabian Gulf in a pristine eco-sanctuary. Set within the Mina Al Arab luxury development, the resort features 174 guest accommodations in Maldivian resort style, surrounded by a beachfront playground with a marina, waterfront cafes, and boutiques.
From nature adventures to relaxation, the resort presents an Asian lagoon restaurant, seafood grill, pool bar, spa, water sports, and more. Stay tuned for updates and the complete resort website.
Fam Holding Al Mahra Resort
Dubai-based FAM Holding Group has unveiled an ambitious plan to develop the Al Mahra Maldives resort, marking its debut into international real estate with a substantial investment of $217.8 million. Comprising 150 villas, including VIP, Beach, and Over-Water Villas with private pools, the luxury property will feature three restaurants, a spa, a gym, and a watersport center.
Set to commence construction within three months, the project is expected to span two and a half years, with completion projected for Q2 2025. FAM Holding Group aims to establish Al Mahra Maldives as a global trademark, drawing inspiration from the success of Al Mahra Resort in Ras Al Khaimah.
Conrad Marjan Island Resort & SPA
The upcoming Conrad Marjan Island Resort is opening soon on Treasure Island within Ras Al Khaimah’s Marjan Islands cluster. This five-star haven blends beachfront luxury with modern design, showcasing breathtaking exteriors, interiors, and curated art, a signature of Conrad. The resort features 120 guest rooms, including beach and over-water villas, all complemented by top-tier amenities like a fitness center, spa, outdoor pool, tennis courts, and a kids’ club.
Indulge in two unique restaurants, a pool bar, and a beach club. The Conrad experience ensures a seamless blend of contemporary design, innovation, art, and personalized service to elevate every stay aspect.
Rove Al Marjan Island
Opening in 2024, Rove Al Marjan Island is a vibrant destination that offers comfort and convenience. Boasting 450 rooms with cozy beds, 48-inch smart TVs, and speedy wifi, the hotel ensures a pleasant stay. Ultramodern bathrooms with power showers, family-friendly interconnecting rooms, and unique beach club experiences enhance the visit.
Guests can enjoy an outdoor pool, sun decks, and a 24-hour gym. The hotel also features The Daily, a restaurant serving international flavors, meeting facilities, and a social space called The Rove Pit Stop. With art inspired by Al Marjan Island’s natural beauty, Rove Al Marjan Island promises an enjoyable escape.
Conclusion
The UAE’s real estate industry is expanding, thanks to the investment of renowned companies and developers. Rising demand for new and exclusive residential projects offers investors many opportunities. Currently, houses in Ras Al Khaimah are an excellent option since they are affordable. In addition, the Ras Al Khaimah government has several development projects that will boost the economy and attract even more tourists.
So, when looking for an investment, it’s always best to consider something on the rise. If you want to invest in Ras al Khaimah properties for sale, feel free to contact Purple Sq. Ft. today. We will help you with any information you need and answer all requests.
