In the past, the only attraction point for Ras Al Khaimah was the stunning mountain ranges that the emirate had to offer. However, as the entire United Arab Emirates (UAE) has advanced, Ras Al Khaimah has started to demonstrate its true potential.
The city has now become one of the most signified zones in UAE, in terms of real estate. Whether it is buying properties or renting them, Ras Al Khaimah can offer all of that. At present, the most attractive aspect of this emirate is offering real estate properties at very reasonable prices.
The emirate is known for offering some of the most advanced and modern facilities, plus lots of sustainability. It is growing highly attractive for buyers and renters alike. Although the entire city boasts very affordable rates for renting apartments, some areas have proven to be better than others in terms of affordability.
Let us take a look at these areas and see how much the apartments may cost there.
Al Hamra Village
The most searched and preferred place for people wanting to rent apartments in Ras Al Khaimah is Al Hamra Village. Although the particular area offers apartments for sale most of the people prefer it for renting.
The community is located along the Arabian Gulf’s shores. The architectural approach used while developing the apartments at the Al Hamra Village is to offer a mixture of luxury beachfront living and the Arabian tradition.
Whether it is the visitors or the residents, the Al Hamra Village has multiple leisure destinations to offer. Some of the top attractions places in Al Hamra Village are Al Hamra Mall and AL Hamra Golf Club.
For the families living in the community, there are plenty of nurseries, and the British International School is also easily accessible.
The community even has sub-communities that include Al Hamra Palace Hotel, Al Hamra Village Golf, Al Hamra Village Marina, and Royal Breeze. Whether the requirement is for studio apartments or the normal apartments that go up to three bedrooms, Al Hamra Village offers all of these options.
For people wanting to rent the studios, the average rent starts from AED 20,000. As for those wanting to rent one bedroom apartment, the average rent is AED 31,000. For the two-bedroom apartments, the tenants may be looking at an average rent demand of AED 45,000.
Al Marjan Island
This man-made island is also catching the eyes of many tenants from all over Ras Al Khaimah. There are a total of four islets that have been linked with each other to form Al Marjan Island. Despite the enormity of the community, it is worth mentioning that these are islands made by men.
The E11 highway is easily accessible through Al Marjan Island. The community is also very close to the Umm Al Quwain emirate, which is just 30 minutes away.
The Pacific and Bab Al Bahr islands are the locations where people can look for apartments and rent them. The tenants have access to so many amenities at Al Marjan Island. The residents even have access to steam rooms, saunas, swimming pools, and private beaches as well.
The average rent price for studio apartments in Al Marjan Island is AED 22,000. The tenants may be asked to pay an average rent of AED 34,000 for renting an apartment with 1 bedroom.
Another great place for renting apartments in the emirate is Al Nakheel. The particular area is also known for being a suburban district. This community is also very close to the E11 highway, making it much easier for the tenants to drive off to other emirates within the UAE with ease.
The Manar Mall is also very close to the Al Nakheel community. If you are looking for a food court, entertainment for kids, and even a cinema, you would find it at the Manar Mall.
It is the low-rise buildings where the majority of the apartments have been put up for rent in Al Nakheel. The cost of renting a studio flat in the particular community is AED 15,000. The average rent demand for an apartment with one bedroom in the area is AED 19,000.
There are plenty of places in Ras Al Khaimah, where the rents are very affordable. However, these places have become the most attractive and are trending in the real estate market of the emirate for renting apartments. As the city is gaining fast recognition among the real estate investors, it is only a matter of time, the rents go up in this zone. It would be wise to rent an apartment in either of these zones to gain access to the latest facilities.