Emirate of Ras Al Khaimah: advantages and disadvantages for property buyers
Is it worth buying property in Ras Al Khaimah? Consider the advantages and disadvantages, comparing with the main competitor – Dubai.
Advantages
Affordable real estate. Compared to Dubai, real estate prices are 30-50% lower. For example, a fairly large selection of housing up to 100 thousand dollars.
Service prices. All associated costs – from renting apartments to services and paying for schools for children – are also usually lower here.
Location by the sea. Unlike Dubai, the beach area in Ras Al Khaimah has not yet been built up. You can still find seafront properties at affordable prices.
Builder Benefits. Free business license for doing business in this emirate, 12-year residence permit for property buyers and partial payment of the registration fee. In addition, it is possible to buy real estate in installments for several years.
Climate. Softer and more comfortable. In summer, the temperature difference compared to Dubai can reach 5-6 degrees Celsius, which greatly improves the situation in hot weather.
Nature. Richer and more picturesque nature. More greenery, beautiful mountains.
No hard laws. The most liberal emirate, where there is no dress code and a ban on the sale of alcohol.
Flaws
Brand. Dubai has a stronger brand, which helps with property rentals and resales.
Territorial dimensions. The emirate has a small area and population. Therefore, relatively few properties are available for purchase, and the infrastructure is inferior to Dubai. Although, of course, all the basic necessities of life are available.
Ras Al Khaimah has an international airport, Ras Al Khaimah International Airport, but most flights operate from Dubai.
Jobs and business opportunities are also concentrated in Dubai and Abu Dhabi, with Ras Al Khaimah now positioned as a growing tourist destination.
There are options to settle in Ras Al Khaimah, where you can rent or buy a villa for the price of an apartment in Dubai and commute to work in the main financial center. The distance between the two emirates is about 100 kilometers, but a motorway is currently under construction. When the highway is built, the travel time will be reduced to 30 minutes.
