- October 3, 2023
- 391
- Real Estate
Are you considering buying an apartment in Ras Al Khaimah as your new holiday home? Well, it’s a fantastic decision that you will ever make.
You might live in expensive hotels when visiting the Emirates for business purposes or a family holiday.
But if I say you can have your apartment and have a wonderful holiday experience with your family. Moreover, when you are not living in these apartments, you can rent them and earn money.
Yes, it is a great idea! Here are some more good reasons why you should invest in Ras Al Khaimah apartments for sale.
The Appeal Of Ras Al Khaimah As A Holiday Home Destination
Ras al-Khaimah is located on the western coast of the United Arab Emirates, only about two hours drive from Dubai and Abu Dhabi. It is one of the most prestigious regions in the United Arab Emirates. There are lots of places to visit in and around Ras Al Khaimah. The city has much to offer travelers to make their trip more enjoyable.
Moreover, the beautiful views, friendly people, delicious food, and the cleanliness of Ras Al Khaimah make it one of the favorite destinations for holidaymakers worldwide. Therefore, investing in an apartment in Ras Al Khaimah can be great for those who like to spend their holiday there.
The Financial Benefits Of Investing In An Apartment As A Holiday Home
When we talk about financial benefits, investing in these apartments can bring you many benefits. You don’t have to pay such a high price for a hotel room in Ras Al Khaimah, including no income and income gain taxes. This not only enhances your profit but also reduces the overall tax burden.
Also, the strong demand for holiday homes in Dubai means you can capitalize on renting your property, generating a consistent income stream with high rental yields. Moreover, when you invest in holiday homes in Ras Al Khaimah, you can expect the value of your property to go up over time with high ROI.
Exceptional Amenities And Luxurious Lifestyle
Apartments in Ras Al Khaimah are equipped with all the necessary facilities to make your stay comfortable and enjoyable. Most of the apartments in Ras Al Khaimah, especially those close to the seafront, provide an uninterrupted sea view and the soothing sound of waves against the seashore, offering you a luxurious living.
At Ras Al Khaimah, you’ll also have access to a wide range of places to visit, such as Jebel Jais Mountains, Wadi Shawka, Jazirat Al Hamra, Shimal, Ras Al Khaimah Fine Arts Festival, Dhayah Fort, National Museum of Ras Al Khaimah, Desert Safari, Shopping Malls and many more.
Moreover, you can also enjoy the upcoming casino at Wynn Resort, which will become one of the main reasons to attract tourists.
Flexibility And Diversification
Investing in a Ras Al Khaimah apartment as a holiday home gives you much flexibility. You can stay in it whenever you want; when you’re not using it, you can rent it out to others. This helps you avoid the problem of having your property sit empty for too long.
Another great thing is that you don’t have to worry about taking care of the property or furnishing it. You can take the help of property managers who will handle everything for you, making it a hassle-free way to manage your investment.
Plus, having a holiday apartment adds variety to your investment portfolio, which is good because you’re not putting all your eggs in one basket.
Tips For Investing In A Holiday Apartment In Ras Al Khaimah
Now that you’ve decided to invest in Ras Al Khaimah apartments, here are some tips to help you make the process smoother.
1. Consideration Of Property Location
When investing in a holiday home, it is vital to consider its location. You should conduct a comprehensive market study and assess the supply of holiday homes and the demand.
So, make sure you choose a location that is convenient for tourists and business travelers, ensuring high occupancy rates.
2. Property Appearance And Facilities
The appearance of the building and its facilities should be taken into account. Ensure that the apartment is visually appealing and suitably equipped with the necessary facilities to attract prospective tenants.
3. Research And Market Trends
Conduct in-depth research to understand better market developments, demand patterns, and seasonal changes. This information will allow you to make sound investment decisions.
4. Seek Professional Advice
It’s advisable to seek advice from real estate professionals who are well-versed in the regulations surrounding ownership, rental, and property management in Ras Al Khaimah. At Purple Square Feet, we will help you find a top-notch apartment in Ras Al Khaimah that will meet your needs and preferences.
5. Clear Investment Goals
Define your investment goals, whether you prefer a hands-on or hands-off approach, and set clear objectives before investing.
6. Prepare for the Long Term
Be prepared for long-term ownership and potential market fluctuations. A well-thought-out strategy will help you weather any changes in the real estate market.
Sought-After Apartment For Holiday Home Investments In Ras Al Khaimah
As an investor, you might be confused about which apartments for sale in Ras al Khaimah are good to go. Don’t bother anymore. We have compiled a list for you so that it can be easy for you to invest in these holiday homes. So, here are some notable options as follows:
Gateway Residence 2:
Gateway Residence 2, located on Hayat Island in Ras Al Khaimah, is an ideal investment opportunity for those looking to buy luxury holiday homes. Combining urban luxury with a dreamy lifestyle, including access to the waterways, beach clubs, and upscale facilities, this property comprises 1BR and 2BR units.
Moreover, you’ll get an investment return of 6.5 percent, making it a perfect vehicle for generating optional income while living in calm and luxurious surroundings.
So, don’t miss this chance to own a piece of paradise in Ras Al Khaimah’s most prestigious waterfront development.
Royal Breeze Residences:
You can easily enhance your investment portfolio with the luxurious Royal Breeze Residences. These stunning waterfront Ras al Khaimah apartments offer a range of options, from cozy studios to spacious 4BR apartments and lavish penthouses.
This property is located between the Arabian Gulf and Al Hamra Golf Club. The location boasts breathtaking views and top-notch amenities, making it the perfect choice for a holiday home investment in Ras Al Khaimah.
Also, you’ll have easy access to nearby beaches, parks, and airports. Royal Breeze Residences promises convenience and elegance for investors seeking a slice of paradise.
Northbay Residence:
The Northern Bay Residence is an exquisite blend of aesthetics and natural beauty, which makes it an excellent investment for holiday homes. With these apartments, you’ll have mesmerizing views of the Arabian Sea, shimmering sand beaches, and top facilities at your disposal.
In addition, this residential property is developed by RAK Properties and promises luxury living, high returns on investment, and easy access to educational institutions, shopping centers, or leisure areas. Northbay Residence is an excellent opportunity for investors seeking luxury and return on their investment in Ras Al Khaimah, thanks to its convenient location.
Pacific:
Pacific, located on Al Marjan Island, is a luxury residence inspired by the islands. Select Group built six stunning buildings, each with a Pacific Island name, were built by Select Group as part of this waterfront complex. Pacific is equipped with a range of services, including rooftop pools, fitness facilities, beach access for the different sizes of units, and stunning Gulf views.
Moreover, you’ll be surprised to hear the competitive prices for this property as it starts at AED 245,000, making it an attractive choice for investors seeking a harmonious blend of luxury and coastal living.
Conclusion!
So, now you know that investing in a holiday apartment in Ras Al Khaimah offers a unique blend of financial benefits, luxurious living, and flexibility. With the emirate’s growing popularity among tourists and business travelers, it presents an intelligent choice for investors seeking both short-term gains and long-term value. As you explore the wealth of opportunities in Ras Al Khaimah, consider these factors and tips to maximize your holiday home investment.
Also, you can contact Purple Square Feet professionals to make more informed and profitable investments. Visit us today and learn more as the emirate’s charm and financial rewards await you.
