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Introducing Ras Al Khaimah: The UAE’s rising property destination

Ras Al Khaimah (RAK) is rapidly emerging as one of the fastest-growing Emirates in the UAE as investors worldwide are setting their sights on this northernmost Emirate’s thriving property market. Brimming with stunning waterfront and beach residences that feature state-of-the-art amenities, RAK offers the luxury of Dubai and Abu Dhabi at more affordable prices, making it the top choice for many investors looking to expand their property portfolios within the tax-free UAE economy.

Ras Al Khaimah

Why invest in Ras Al Khaimah?

With a total area of 660 square miles and a long coastline of over 40 miles, RAK is positioning itself as a tourism and investor-friendly city through numerous government and private initiatives. Despite the legal ban on gambling in the country, RAK will host the first integrated gaming resort and casino in the UAE, planned for public opening in 2027. As the tourism and investment sectors in the city expand, the RAK government has planned an expansion of its international airport to accommodate more visitors.

This infrastructure development has significantly contributed to the property market boom, with sales and rental prices of villas and apartments increasing rapidly. According to Bayut’s annual market report for RAK, apartment prices surged by an astonishing 18.5% in 2023 alone, while rents were up by close to 10%.

The addition of brand-new luxury hotels and branded residences such as Emaar Address, JW Marquis, DarGlobal Aston Martin and many more are attracting investors from around the globe. Additionally, RAK allows 100% foreign property ownership, making it all the more attractive for investment.

Investing in Al Marjan

A group of four coral-shaped islands that form a man-made archipelago, Al Marjan is quickly developing into a premium leisure destination, attracting a substantial amount of residential and commercial projects. Dotted with a 23-kilometre scenic waterfront and palm-fringed mountain road, Al Marjan offers a fantastic opportunity for investors to reap high double-digit returns over a relatively short span. The island features hotels, residential buildings, villas, and retail outlets, making it a prime location for investment.

Connectivity at Al Marjan

Al Marjan Island is easily accessible by road from surrounding areas, including the city of Ras Al Khaimah, and is a short distance from three international airports. Here are a few important landmarks nearby:

  • A 25-minute drive from Ras Al Khaimah International Airport
  • 35 minutes from Sharjah International Airport
  • 45 minutes from Dubai International Airport
  • 3 minutes from Turtle Beach
  • 7 minutes from Al Hamra Mall

Welcome to Rosso Bay Residences

Rosso Bay Residences at Al Marjan Island offers a prime investment opportunity with a range of apartments from one to four bedrooms. Conveniently located near essential attractions and amenities, residents will benefit from strategic proximity to everything they need. World-class amenities such as the Signature Nikki Spa, Tone Gym, and a selection of exceptional restaurants will ensure a well-rounded lifestyle.

Residents will also be able to enjoy breathtaking vistas of the waterfront Arabian Gulf and the majestic Hajar Mountains, complemented by direct beach access for an unparalleled living experience. The completion of Rosso Bay Residences is scheduled for Q1 2028.

To help you compare property prices, we have put together a chart of projects by leading developers:

Developer Bedrooms Size is sqft Price
(in million AED)
Price per sqft
(in AED)
Emaar Address 1-bed 659 1.7m 2,579
JW Marquis 1-bed 947 2.9m 3,062
Nobu Residences 1-bed 975 2.5m 2,564
DarGlobal Aston Martin 1-bed 665 1.8m 2,707
Moonstone Octa 1-bed 800 2m 2,500
Nikki Beach Aldar 1-bed 969 2.37m 2,445
Rosso Beach Aldar 1-bed 843 1.6m 1,900

 

Ras Al Khaimah is evolving into the next big investment destination in the UAE, offering a blend of luxury, affordability, and growth potential. Whether you are an investor looking for high returns or a buyer seeking a serene and upscale living environment, RAK promises a bright future. To explore your property opportunities in Dubai, contact Benhams and Reeves Middle East.

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About the Author

Established in 1958, Benham and Reeves is one of London’s oldest, independently owned property lettings and sales agents.  With specialism in residential sales, corporate lettings and property management in prime areas of London, the company operates from 21 prominently located branches and 15 international offices.

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