Ras Al Khaimah (RAK) has recently witnessed a surge in popularity & demand. Although Dubai & Abu Dhabi are two major cities that come into one’s mind when one thinks of the UAE but RAK is gradually gaining the recognition it deserves. It is quickly particularly becoming a favourite city in the Dubai real estate sector because of its low land cost, picturesque landscape, and tax benefits. Most of all, its close proximity to Dubai is the major reason why RAK is slowly becoming a magnet for real estate investors. It can be ascertained from the fact that experts believe that this city is going to replicate Dubai’s success story.
Located just a 45-minute drive away from Dubai, RAK enjoys a prominent position among the most important trade routes of the world. Hence, trade serves as a vital contributor to this city’s economy. Other than that, tourism is also gaining popularity here.
Due to its ideal location, proximity to Dubai, and buzzing economy, it is also becoming a preferred city for people looking for residential properties. Perfect for both residential and investment purposes, properties for sale in Ras Al Khaimahare available in different types. You can find studio apartments, townhouses, and villas in this city. These properties can be furnished, semi-furnished or unfurnished, depending on your preference.
Popular Areas for Properties for Sale in Ras Al Khaimah
Ras Al Khaimah is home to numerous developed & underdevelopment communities that are ideal if you want to buy a property. The selection of the community depends on various factors. If you are buying it for investment purposes, finalise the area based on its economic growth and prospects it holds in the future. Similarly, for residing purposes, the cost of the property there along with facilities & amenities available are the important factors one has to consider. Moreover, the type of property is another vital factor one needs to pay attention to when selecting an area. Some areas have offers for townhouses or villas for salewhile others are more suitable to buy apartments.
Here is a list of top areas in RAK if you are interested in buying residential property:
Al Hamra Village
Al Marjan Island
Al Marjan Island
Mina al Arab
Price Trends for Residential Properties for Sale in Ras Al Khaimah
Property rates in Ras Al Khaimah vary depending on various factors. For example, if the property is located near the beach, it is going to cost more. Similarly, the amenities & features it is designed to offer and the number of rooms it has are other factors that also impact the price. Also, the price of the property depends on its type as well. For instance, if you are looking for a villa located in a peaceful community laced with modern amenities, it will cost you more than an apartment in a residential project.
Other factors that influence the price of properties in RAK include nearby landmarks, facilities available around the site, and the size of the rooms. Furthermore, the views it offers from the room also affects its price.
Steps to Buy Ras Al Khaimah Properties for Sale
These are some of the major steps you will have to follow if you want to buy a property in RAK:
Select the Type of Property
The first step is to finalise the type of property. Decide whether you want to buy an apartment, villa or a townhouse and base your research on the same.
View Property Listings
Next, select a real estate firm and view property listings online. Short-list the ones that interest you. Have a look at all the details of the property including its pictures and then decide accordingly.
Sort Property Listings
At this point, you will have a list of many properties in RAK. You can sort them by applying different filters. This step will further help to narrow down the list. These filters can also help you to sort the properties that fall into your budget bracket and have the number of rooms you require to have.
Have Virtual Property Tours
Next, instead of visiting each property individually, have virtual tours. This may not be possible for every property out there but many real estate firms are now using the latest technology to provide their clients with enhanced convenience. You can use this technology to your advantage and have a detailed look at the property via online means, without having to step out of your home.
Visit the Short-Listed Properties
The next step is to visit the short-listed properties. Carefully inspect each and every element of the property before making the final decision. Also, make sure you have inspected the neighbourhood as well.
Look for Features, Amenities, & Facilities
Don’t just base your decision on the interiors & exteriors of a property. Surely, it matters a lot how a property looks and is it aesthetically pleasing or not but the features, amenities, and facilities it offers also shouldn’t be neglected. Generally, people look for these features and amenities when they are looking for Ras Al Khaimah properties for sale offers:
Spacious rooms with natural sunlight
Ample parking space
Easy access to fitness centres, swimming pool, etc.
Fittings and fixtures in good condition
Enhanced safety and security
Reserve the Property
The final step is to reserve the property. Follow the regulations imposed by the government while performing this step. Also, make sure you have your emirates ID and passport with you while finalising the deal. Don’t forget to negotiate the price with the seller while reserving the property on your name.