Apartments for Sale in Ras Al Khaimah
The urbanization in the UAE has been characterized by unparalleled growth. Ras Al Khaimah is one of the most upcoming emirates in the region. The emirate has been heavily influenced by the global city infrastructures. Dominant urban features include commercial city centers, multistory residential buildings, large shopping malls, wide boulevards and an extensive network of highways.
To create a balance between their global and local aspects, Ras Al Khaimah has adopted policies projecting Arab-Islamic architectural design, particularly arched windows, gates, and decorative stucco. Recently, more urban settings have exhibited decorative designs with local themes related to national heritage.
The options for apartments for sale in Ras Al Khaimah are plenty and people can choose any of these depending upon their needs and budget.
Life in Ras Al Khaimah
Ras Al Khaimah (RAK) may not be as glamorous or famous as say Dubai or Abu Dhabi but it still offers a wonderful living opportunity for those looking for expats. If you're looking to start a new life in Ras Al Khaimah, expect magnificent mountain landscapes, breath-taking coastlines and rich, terracotta desert planes. In the near future, you can also buy apartments for sale in Ras Al Khaimah and on the side enjoy some stunning five-star hospitality at a range of hotels that includes: The Address Hotel, Ritz Carlton, InterContinental, Anantara, and Avani as the big hospitality brands launch in the emirate.
If you're a nature lover then Ras Al Khaimah is just the place for you with its rich lush green sceneries, rocky terrains, and astounding views. The peaceful and rich environment has attracted people looking for apartments for sale in Ras Al Khaimah, purchasing properties to relocate to this developing and economically emerging state and invest in the real estate business of this state.
Popular areas for an apartment for sale in RAK
The most popular areas for buying an apartment in Ras Al Khaimah include the following:
Al Hamra Village
Al Hamra Village is a luxurious community, located in Ras Al Khaimah on the shores of the Arabian Gulf. Covering an area of 77 million square feet and including 1,500 kilometres of pristine beaches, over 1,000 villas and townhouses, nearly 2,500 residential apartments, five hotels, an 18 hole golf course, a marina and a shopping mall.
Al Hamra Village offers an integrated community with more than 4,000 residential units, five luxurious hotels, Al Hamra Golf Club (a Par 72 championship golf course), Al Hamra Marina, and Yacht Club and Al Hamra Mall.
For investors contemplating a purchase in the northern emirates, Khuzam in Ras Al Khaimah provides a unique combination beachfront and golf course living, while at the same time offering residents views and easy access to the Hajar Mountains for adventure seekers. The area is close to Khuzam road, which adjoins with Muhammad Bin Salem Road that links the residents to the rest of the city. This area is mostly famous for its villas for rent in Ras Al Khaimah or villas for sale in Ras Al Khaimah.
Al Marjan Island
Al Marjan Island extends a vast 4.5 kilometers into the sea, and covers an area of 2.7 million square meters. Located in Ras Al Khaimah, an emirate with a well preserved history, rich archaeological heritage and ancient cultural remnants.
With waterfront homes, quality hotels and resorts, marinas, private beaches for residents, leisure, retail and recreational facilities, this ambitious development is a truly unique destination.
Mina Al Arab
Mina Al Arab is a waterfront community in Ras Al Khaimah (RAK). It is situated along the shoreline, surrounded by wetlands and beaches. This is a community for individuals who desire to live near the ocean. For this reason, a majority of the development is devoted to preserving and showcasing the core of life in ecological preserves.
From beautiful homes and upcoming resort hotels on the Arabian Gulf, to the expansive beauty of ecological preserves, wetlands and beaches, they all come together to create one exceptional destination – Mina Al Arab.
Property Types for sale in RAK
The property types available for sale in RAK include various apartment types such as one-bedroom apartments, two-bedroom apartments, three-bedroom apartments, and four-bedroom apartments. So you too can buy the following types of apartments in Ras Al Khaimah:
- 1 Bedroom apartments for sale in Ras Al Khaimah
- 2 Bedroom apartments for sale in Ras Al Khaimah
- 3 Bedroom apartments for sale in Ras Al Khaimah
- 4 Bedroom apartments for sale in Ras Al Khaimah
- 5 Bedroom apartments for sale in Ras Al Khaimah
Apart from looking for apartments for sale in Ras Al Khaimah, you can also look at other property options available in the emirate:
- Apartments for sale in Ras Al Khaimah
- Villas for sale in Ras Al Khaimah
- Townhouses for sale in Ras Al Khaimah
- Penthouses for sale in Ras Al Khaimah
- Hotel Apartments for sale in Ras Al Khaimah
- Duplexes for sale in Ras Al Khaimah
- Lands for sale in Ras Al Khaimah
Property trends in Ras Al Khaimah
When measured by gross capital formation, real estate and business is even weightier, and was valued at Dh885m ($240.9m), worth around 13% of the total, making it the third-most-significant sector after mining and quarrying, and manufacturing.
The rental trend of properties in Ras Al Khaimah starts from as low as AED 30k to around AED 135k per annum, depending on the surface area of the property. To get in an in-depth knowledge of the proeprty trends in Ras Al Khaimah, read on:
- Price to Income Ratio: 3.09
- Mortgage as Percentange of Income: 22.74%
- Loan Affordability Index: 4.40
- Price to Rent Ratio - City Centre: 8.64
- Price to Rent Ratio - Outside of Centre: 7.23
- Gross Rental Yield (City Centre): 57%
- Gross Rental Yield (Outside of Centre): 13.83%
Steps to buying an apartment for sale in Ras Al Khaimah
Investment in the real estate in Ras Al Khaimah is a wise decision and the emirate is a perfect destination for this purpose. This year has seen a big demand in apartments for sale in Ras Al Khaimah.
Finding a perfect apartment for sale in Ras Al Khaimah is an extensive procedure and all the steps involved are mentioned below:
List down Property requirements
Begin with listing down all the requirements you need while buying an apartment for sale in Ras Al Khaimah. The factors you need to consider are property types, furnishing type, area per square, and other similar entities must be listed down clearly before you start looking for options.
View online property listing websites
Next, go through online property listings and filter down results matching your budget. Use the various filters available on the website and view options matching your desired. Criteria online property listing will contain all the details associated with the properties on sale like cost, facilities, area per square, furnishing type, additional amenities, etc.
Narrow down your options
The next step is to narrow down your options for apartments for sale in Ras Al Khaimah even further and select a few properties which match all your requirements and needs.
Visit the short-listed apartments
Contact the owner or agents associated with the short-listed apartments and schedule a visit to all these narrowed down options. Visit the apartments on the scheduled date and time and pay close attention to these properties. You can also look around the neighborhood of the chosen apartments and figure about what kind of surroundings exit near these locations.
Negotiate the budget
After paying visits, you will be able to successfully finalize the apartment you want to purchase as your next home or workspace. The next step is to negotiate the cost of the purchased residential or commercial property.
After the budget has been finalized, a contract is composed which is signed by both the parties involved in the purchase. This contract lists down all the terms and conditions such as down payment, a number of cheques to be paid, etc. Sign the contract and now you are the owner of the property.
The final step is to submit a few documentations to the property agent or firm which include:
- Copy of Passport
- Residential Permit
So if you're someone who is looking for an apartment for sale in Ras Al Khaimah, then this is the perfect time to do so.