Ras Al Khaimah is the UAE’s hidden gem. The northernmost Emirate is renowned for its natural landscape, leisure and authentic experiences. It’s without doubt one of the most sought-out after locations for a relaxing getaway amongst residents and tourists.
Ras Al Khaimah: Rising Investment Hub
- RAK has been drawing significant attention from investors as it emerges as a leading investment destination within the UAE.
- This growing trend can be attributed to different factors, most notably the announcement of the first casino in the gulf region, the Wynn Casino & Resort, which is set to open its doors in 2027 on Marjan Island.
photo credits to: RAK Government
RAK is also thriving in various areas, thanks to its industrial infrastructure development plans, lower business operating costs as well as different government initiatives, RAK is set to emerge as the next investment hotspot.
Ras Al Khaimah welcomes the gulf region’s first Casino on Marjan Island!
- In the past year, it has been announced that the Wynn Casino and Resort is set to open its doors on Marjan Island in 2027.
- Since then, notable developers have successfully launched various developments, including Nikki Beach Residences by Aldar Properties (picture below) and Emaar’s Bayview Residences on Marjan Island, along with Quattro del Mar and many more by the government-owned Master Developer, RAK Properties, on Hayat Island (picture above).
Demand for property continues to soar and sales transactions are reaching record-breaking heights. Rental prices continue to increase, with apartments rental prices surging by roughly 10.5% YoY and villas by roughly 9.4% YoY.
Why European Millionaires Are Gravitating to Dubai
| Popular Areas | ROI |
|---|---|
|
Al Hamra |
7.17% |
|
Al Marjan Island |
6.32% |
|
Mina Al Arab |
6.35% |
|
Yasmin Village |
11.61% |
|
Dafan Al Nakheel |
7.03% |
Ras Al Khaimah: The Destination for Investor Benefits
RAK is home to one of the largest economic zones in the UAE, with over 45,000 companies, including 6,000 manufacturing companies established.
Investor Benefits
- Up to 50% lower business operating cost than regional average.
- 0% income tax.
- 100% foreign ownership in free zone areas.
- 100% foreign ownership for manufacturing in non-Free zone areas.
- 100% repatriation of capital and profits.
- 10% lower development cost than regional average.
