All about the many properties for sale in Ras Al Khaimah
Ras Al Khaimah, abbreviated to RAK is a northern emirate famous for being a great tourist alternative with luxury resorts and for being the home of the world’s largest ceramics manufacturer (RAK Ceramics) along with having strong manufacturing capabilities. But apart from being a great place for business and to take time off work, it’s an even better place to live. With the government’s investment into infrastructure and the creation of the RAK Free Zone, this small emirate is seeing a great level of interest from people looking to live, work and play in RAK.
To meet this demand and satisfy the crowds, the RAK Government is spending heavily on housing and accommodation. The creation of a number of freehold areas to allow foreigners to own property has fueled recent economic growth and the number of investors and foreigners choosing to live in RAK has skyrocketed.
In Ras Al Khaimah, the kinds of properties for sale range from apartments to villas and townhouses, to land and hotel apartments. Apartments are by far the most widely available option. In terms of property ownership, this is open to all UAE nationals across the emirate however foreigners are only allowed to purchase property in freehold areas Mina Al Arab, Al Marjan Island and Al Hamra Village to name a few.