Located in the northern region of the UAE, Ras Al Khaimah is home to stunning mountain ranges and sandy beaches. It was also the second emirate in the UAE to allow foreign investment in its property market. Foreign investors, which include non-GCC citizens, can buy properties in designated freehold areas in RAK, which feature some of the city’s top real estate developments.
Discover the popular areas with freehold properties in Ras Al Khaimah, as well as average sales prices, amenities and property types available.
Most popular freehold areas in Ras Al Khaimah
Here are the Ras Al Khaimah freehold areas, popular with property investors in the emirate.
- Al Hamra Village
- Mina Al Arab
- Al Marjan Island
- The Cove Rotana Resort
- Dafan Al Nakheel
Based on searches conducted by users on Bayut.com over the past 12 months
Al Hamra Village comes out as the most popular area with freehold properties in Ras Al Khaimah. This is followed by other waterfront developments like Mina Al Arab, Al Marjan Island and The Cove Rotana Resort. Neighbourhoods closer to the city centre like Dafan Al Nakheel round up the list of freehold areas in Ras Al Khaimah.
Let’s take a closer look at these areas with freehold properties in RAK.
Al Hamra Village
Al Hamra Village takes the top spot when it comes to the most sought-after freehold area in Ras Al Khaimah. Located towards the south of Ras Al Khaimah and just off the E11 highway, Al Hamra Village is a mixed-use community that embodies luxury living. One of the best places to live in Ras Al Khaimah, Al Hamra Village offers waterfront homes that overlook the Arabian Gulf and the neighbouring Al Marjan Island.
Those looking to make freehold property investments in Ras Al Khaimah will find that Al Hamra Village has a wide portfolio of apartments, villas and townhouses for sale. There are various Al Hamra Village freehold developments in the area, like the Royal Breeze Apartments, The Golf Apartments, Bayti Homes and Al Hamra Village Townhouses.
The properties for sale in Al Hamra Village are not only appealing due to their freehold status but also because of the wealth of attractions and amenities in the vicinity. The area is also home to a golf course, yacht club, luxury hotels, shopping malls and beaches. It also has a mosque, medical centre and gas stations, adding to the convenience for residents.
These freehold properties in Ras Al Khaimah come in various layouts. Freehold apartments for sale in Al Hamra Village typically range from studios to 3-bedroom units, with some larger units also available. The average prices to purchase studio flats in Al Hamra Village stand at AED 248k. The prices to buy 1-bedroom apartments in Hamra Village average at AED 372k and 2-bedroom units at AED 564k.
On the other hand, Al Hamra Village’s freehold villas in Ras Al Khaimah are available in configurations ranging from 3 to 5 bedrooms. Buyers can expect to pay an average price of AED 1.34M for 3-bedroom villas and AED 1.81M for 4-bedroom houses in Al Hamra Village. The larger 5-bedroom villas in Al Hamra Village have an average sales price of AED 4.85M.
Mina Al Arab
Situated close to Al Hamra Village, Mina Al Arab is an up-and-coming waterfront development that is gaining popularity with investors looking at freehold properties in RAK. Located off the major highway of E11, Mina Al Arab is built around natural wetlands and beaches, offering an idyllic residential community.
This freehold area in Ras Al Khaimah offers a mix of apartments and villas for residents, which come with waterfront views, walking and hiking trails. Some of the notable communities for Mina Al Arab properties for sale include Gateway Residence, The Lagoons, Bermuda Villas and Malibu.
There is also a clinic, restaurants, cafes, gyms and grocery stores at the Lagoon Walk, which is easily accessible for residents in Mina Al Arab. The area is also undergoing some interesting developments, with the luxurious Anantara Mina Al Arab Resort and InterContinental Mina Al Arab expected to open their doors in 2021. A recent mural project in the neighbourhood is one of the latest steps taken to further increase the appeal of these freehold properties for sale in Ras Al Khaimah.
Interested in investing in these freehold properties in Ras Al Khaimah? The apartments for sale in Mina Al Arab range from studios to 3-bedrooms, while the villas come in 2-bedroom to 6-bedroom layouts. There are even some off-plan properties in Mina Al Arab for investors to choose from, such as Marbella Villas, which are expected to be completed in H1 2021.
The average prices for buying freehold apartments in Mina Al Arab stands at AED 211k for studio flats, AED 521k for 1-bedroom apartments and AED 788k for 2-bedroom apartments.
For those keen on buying villas, prices average at AED 1.59M for 3-bedroom villas in Mina Al Arab and AED 3.17M for 4-bedroom villas. Investors expect to pay around AED 6.61M to buy 5-bedroom houses in Mina Al Arab.
Al Marjan Island
Another one of the developing freehold areas in RAK is Al Marjan Island, which spans an area of 2.7M square kilometres. A man-made archipelago consisting of four smaller islets, Al Marjan Island is accessible via the E11 highway that connects the UAE’s seven emirates. Al Marjan Island Ras Al Khaimah is home to freehold apartments and luxury beach resorts and hotels.
Al Marjan Island is one of the Ras Al Khaimah freehold areas that is still developing, but already features waterfront boulevards, play areas, lush green spaces and amenities like supermarkets. Upcoming projects in the area include the Movenpick Resort, which is expected to open its doors in 2021. With these planned and existing developments, this freehold area in RAK is set to be a hotspot for tourists and investors alike.
Current freehold properties for sale in Al Marjan Island include Pacific and Bab Al Bahr Residences, which offers apartments for sale to investors. The Pacific apartments on Al Marjan Island and Bab Al Bahr Residences have layouts ranging between studios and 3-bedroom units.
The average prices for these freehold apartments stand at AED 292k to buy studio flats in Al Marjan Island. Meanwhile, buyers can expect to pay around AED 467k for 1-BHK apartments and AED 718k for 2-bed flats in Al Marjan Island.
The Cove Rotana Resort
Offering freehold villas in Ras Al Khaimah for sale, The Cove Rotana Resort is ideal for buyers who want to invest in serene luxury. This five-star property is a short distance from Mina Al Arab and Al Hamra Village, boasting Arabian architecture. Overlooking the Arabian Gulf, Cove Rotana RAK offers guests and residents access to upscale restaurants, state-of-the-art gyms, spas and infinity pools as well as private beaches.
This elegantly-appointed resort is also strategically located off the E11 highway, close to the airport and the city centre, providing the ultimate convenience for residents with schools and supermarkets a short distance away.
This is one of the freehold areas in RAK that offers stylish villas and chalets that come with fitted kitchens, waterfront views and covered parking. The Cove Rotana Resort freehold villas in RAK are available in 1, 2 and 3-bedroom layouts. The average prices stand at AED 661k for 1-bedroom houses for sale in Cove Rotana Resort and AED 1.31M for Cove Rotana 2-bed villas.
Dafan Al Nakheel
The final mention on the list of popular areas with freehold properties in Ras Al Khaimah is Dafan Al Nakheel. Located in the city centre, Dafan Al Nakheel is an excellent investment opportunity in Ras Al Khaimah real estate due to the wealth of amenities the area offers. There are malls, supermarkets, banks, hospitals, golf courses, schools and leisure options in the area. Dafan Al Nakheel is also close to the famous Jebel Jais, while the public beaches are a short drive away,
Those looking to invest in freehold property in Ras Al Khaimah should consider the apartment development of Julphar Towers in Dafan Al Nakheel. These twin towers are among the tallest in Ras Al Khaimah, with one tower for commercial use while the other offers residential properties. The Julphar Tower freehold apartments also overlook the Ras Al Khaimah Harbour. These towers also have a shared podium that is home to retail and F&B outlets. Investors looking at Julphar Towers’ property for sale in Ras Al Khaimah will find apartments in various configurations that vary between studios to 2-bedroom flats.
The average prices for buying studio apartments stands at AED 279k, while 1-bedroom flats in Dafan Al Nakheel average at AED 453k.
That concludes our guide to the freehold areas in RAK. We hope this article helps you make an informed decision when looking at freehold properties in Ras Al Khaimah for sale.
Many people also choose to live in Ras Al Khaimah and work in Dubai to take advantage of lower prices and family-friendly environment. Those searching for luxury properties will also find beachfront villas in Ras Al Khaimah.