Ras Al Khaimah Property

Property in Ras Al Khaimah, the northernmost emirate in the UAE, was opened to foreign ownership in 2005 with the passage of its freehold ownership law. Since it is not was well-known as the more popular emirates of Abu Dhabi and Dubai, Ras Al Khaimah has taken a more aggressive approach to foreign ownership and property prices are among the lowest in the area.

Property developments underway in Ras Al Khaimah include Al Hamra Village, the Cove, Julfar Towers, Saraya Islands, Mina Al Arab, Al Marjan Island, Yasmin Village, La Hoya Bay, Mangrove Island, Khor Al Qarm Resort, Al Noor Project and Hulaya Island.

The affordability of these developments - average cost is 60 percent lower than comparables in neighboring states - and its nearness to Dubai, make is a perfect location for commuters and those wanting a weekend getaway home.

Selected Property Overview

Al Hamra Village has the distinction of being the first freehold property development in Ras Al Khaima. It contains 1,350 residential units, three hotels, a marina, shopping mall golf course. Available residential properly includes three-bedroom town homes, studio and one-bedroom apartments and five- and six-bedroom villas.

As its name implies, The Cove is along the beach and will include 134 Nubian-style furnished chalets and a five-star beach hotel. The chalets include 1, 2 or 3 bedrooms and private access to the beach.

Julfar Towers consists of two 40-story buildings, one for residences and the other for commercial use. The residential property offers 349 apartments ranging from studios to 4-bedroom luxury flats.

Mina Al Arab, known in English as Port Arabia, is a leisure and holiday resort development situated along the beach of Ras Al Khaimah. Along with resort hotels, a theme park, Thalasso Therapy center, and small water park, the property will contain 3,500 residential units and 388 residential villas of various architectural styles.