Ras Al Khaimah

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Buying an Apartment in Ras Al Khaimah

Behind the Emirate of Ras Al Khaimah (RAK) is 7,000 years of history. In RAK there is little to see in terms of skyscrapers and the lifestyle is far from glitzy but residents prefer it this way as they love the fact that RAK is surrounded by mountains and has some of the most pristine coastlines and vast terracotta desert planes. For those looking to move out of busy metropolises, such as Dubai or Abu Dhabi, and move to a place that is less populated, has cleaner air and greener surroundings, RAK is the perfect place to live. Like any large city, one will find all the conveniences of a modern life in RAK, minus the traffic, overcrowded neighbourhoods, urban noise and pollution. Many have realized the potential benefits of living in RAK, and with the availability of freehold properties in RAK, many have decided to move here. Other than its affordable prices, which make more sense for an entry-level investment opportunity, RAK is well-known for having more apartments for sale as compared to villas. Whether one is looking to invest in order to gain some equity, or looking to establish roots in RAK, they are certainly several options in terms of buying property here.

Types of Apartments in Ras Al Khaimah

In RAK, one can find studios as well as 1, 2, 3 and 4-bedroom flats. The most popular configuration for a studio flat in RAK comes with 1 bath with 559 sq. ft. of floor space. In the 1-bed category, the most popular version comes with 2 baths and around 690 sq. ft. of floor space. Some 1-bed apartments will also come fully furnished. For those interested in buying 2-bed flats in RAK, they can expect a typical unit to come with 2 baths and around 1,800 sq. ft. of floor space. When it comes to 3-bed apartments, the typical unit will come standard with 2,163 sq. ft. of floor space and 3 baths. Finally, the largest apartment in RAK will come in the format of a 4-bed apartment, equipped with 3 baths and 4,200 sq. ft. of floor space. What’s more, residents can expect to enjoy amenities such as complete maintenance of the building, including waste disposal. In addition, residents will have access to a broadband internet connection and satellite TV.

Popular Areas of Ras Al Khaimah

The popularity of an area in RAK is mostly contingent on the level of development in the area and its proximity to emirates such as Sharjah and Dubai. At the top of the list is the community of Al Hamra Village. Developed by Al Hamra Group, the community offers waterfront living as it is surrounded by an artificial creek that encircles the entire community. What’s more, residents will find that the community is surrounded by world-class hotels such as Waldorf Astoria, Hilton Al Hamra and Banyan Tree RAK beach resort. In second place is the community of Al Marjan Island which offers apartments for sale situated on an artificial island. Although not on par with the likes of Palm Jumeirah, it nonetheless offers luxury beachfront living for a fraction of the price. In third place is the community of Mina Al Arab. What makes this area popular is its connectivity with E11, which also intersects with other popular communities of the city.

Lifestyle in Ras Al Khaimah

RAK has undergone a significant change. More specifically, its urban landscape has expanded over the years and continues to do so. The emirate now provides world-class education, health, and real-estate services and the overall living environment is far cleaner and less polluted compared to other emirates. Not only that, residents will find themselves surrounded by natural greenery and mountainous surroundings. Moving on, residents will find that there is a good work/life balance as there are plenty of interesting venues to visit and enjoy with friends and family. Accordingly, the standard of living is quite high as residents have access to several clubs, parks, malls, and hotels and the road infrastructure is second to none. The only difference between RAK and more established emirates is the population; RAK has a lower population compared to other emirates. Residents will find that locals prefer to live according to their customs and rituals, despite living in a relatively modern society. Foreigners should also know that the locals are very hospitable. Those who are wondering whether there is a nightlife here will be happy to know that there are a few nightclubs where the younger crowd can enjoy the weekend. For instance, the PULSO nightclub is a great venue to enjoy a few drinks with a live band performing on selected nights. There is also a pool table for those who prefer to play some pool while enjoying a few rounds of beers. For families with children looking to move here, there are plenty of schools to choose from. Some of the top rated ones are The Wellspring School, Ideal English School and Al Nasr Private School. RAK also has a great selection of world-class malls such as Manar Mall, RAK Mall and Al Naeem Mall. All in all, there are over 10 malls of all sizes in the emirate of RAK.

Sale Price Trends for Apartments in Ras Al Khaimah

The most basic studio flat for sale in RAK can be purchased for the price of AED 200k, while the most upscale version of the latter will cost around AED 2.1M. 1-bed flats will start from AED 300k and will go up in price to AED 1.35M. 2-bedroom residential units will start from AED 300k and can go up till AED 2.2M. The starting price of a 3-bed flat for sale in RAK will be around AED 800k and can go as high as AED 2.9M. Finally, 4-bed flats will typically demand a starting price of AED 1.59M and will go as high as AED 2.4M.
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