In recent years, the United Arab Emirates has become one of the hottest countries when it comes to real estate investments. This is because the country has some of the most attractive and fastest-growing cities in the entire world. The Gulf Tiger, Dubai, and the capital city of the UAE, Abu Dhabi, have been among the fastest-growing cities in the world, in terms of technological advancements, and property investments.
However, Dubai and Abu Dhabi aren’t the only emirates in the UAE that are known for being attractive. Other emirates in the country are also aiming to walk on the same path as Dubai and Abu Dhabi and catch up to them.
Real Estate Market Growth in Ras Al Khaimah
Although Ras Al Khaimah is a smaller emirate, compared to the tiger and the capital, it is growing very attractive to local and international investors.
The emirate has witnessed significant growth in its property sector and the best part is the affordability. The properties in Ras Al Khaimah are being developed to compete with the luxurious lifestyle in other major emirates.
The facilities being offered in the particular are also very advanced and ideal for people. Whether you are single, a couple, or an entire family, Ras Al Khaimah has properties you would find attractive. Several locations in Ras Al Khaimah offer luxurious villas at very affordable rates but there are some known for offering the most affordable villas. It is time to take a look at these areas and have an idea about how much it may cost to own a villa there.
The Cove Rotana Resort
This area is very popular in Ras Al Khaimah for offering very luxurious Villas at very affordable rates. It is located near the Sheikh Muhammad Bin Salem Road’s highway.
Although it is a five-star resort, it is perfect for those wanting to have luxurious villas near the sea. It has a water inlet that is calm and runs through the entire area, so no villa is deprived of the view. The area provides multiple wellness facilities and world-class restaurants.
Whether you are looking for a small 1 bedroom villa or one that offers up to three-bedroom units, equipped with modern facilities, then this could be one of your top choices. No matter the villa you go for you will have a blend of comfort and luxury.
The average price of a villa with one bedroom in Cove Rotana Resort is AED 680,000. If you go for a two-bedroom villa in the area, the average cost may be AED 1.25 million.
Mina Al Arab
This area is among the popular ones in the city, offering luxurious villas at very reasonable prices. This community is settled along RAK’s shoreline. Just like The Cove Rotana Resort, Mina Al Arab offers natural wetlands and beaches for the residents.
The place is also quite popular among tourists as they visit the place to view the diverse marine species that this place attracts. It is one of the most attractive and beautifully nested communities in Ras Al Khaimah. Being an attraction point for tourists, it is quite obvious that the prices of properties are set to surge higher in the area.
There are multiple sub-communities that have been developed within the Mina Al Arab area. These communities include Bermuda, Granada, Malibu, Lagoon Walk, and Flamingo Villas. This gives you access to a number of options in Mina Al Arab if you are looking forward to buying a villa.
If you decide to go for Bermuda or Flamingo, there is a high chance for you to find a villa that is close to the restaurants, retail outlets, and the beach.
The average cost of a villa in Mina Al Arab, having three bedrooms is AED 1.74 million. As for a four-bedroom villa, the average price is somewhere around AED 4.72 million. You can even go for the five-bedroom villas in the area that have an average sale price that is around AED 7.34 million.
If you wish to own a property in Ras Al Khaimah that is affordable, luxurious, and offers peace, with all the modern facilities, then these are the areas to explore. The emirate has become one of the most popular attractions for investors as well as people, wanting to have a piece of land in Ras Al Khaimah. The entire UAE is modernizing and becoming more advanced with every passing day. The country is making the attempt of converting its top cities into smart cities and it is only a matter of time before Ras Al Khaimah becomes one.
With that happening, every sector in the city is going to grow tremendously, where the real estate sector would be at the forefront.