Popular Developers in RAK and their projects

Ras Al Khaimah, the northernmost gem of the UAE emirates, is renowned for its breathtaking mountains that nearly kiss the sea, fascinating historical landmarks, and the enticing allure of its real estate investments. In this article, we delve into the crème de la creme of the city's developers and their prestigious projects.

The reliability of a developer influences numerous factors, including the return on investment. The more stable and successful the developer, the higher the likelihood that the properties will appreciate in value, ensuring your investments pay off.

Criteria for selecting a developer  

When choosing a developer, consider the following:

1. Analyze their previous projects to ensure they were completed on time and without significant issues.
2. Visit completed projects and speak with residents. 
3. Understand the developer's pricing policy. 
4. Clarify the real estate payment plan and available installment options.

Developers in Ras Al Khaimah  

The Luxe Developers  

Founded recently in 2020, The Luxe Developers is one of the youngest and fastest-growing development companies in Dubai. In addition to development, they engage in planning and designing, marketing and sales, and property management services. Currently, they are constructing the Oceano complex on Al Marjan Island.

RAK Properties  

Established in 2005 by His Highness Sheikh Saud bin Saqr Al Qasimi, RAK Properties emphasizes detail and modern design. This developer is a reliable partner for international investors aiming to launch contemporary projects, including luxury hotels, resorts, and shopping centers. RAK Properties is known for creating communities that align with future trends. Their projects range from commercial spaces and wellness centers to hotels.

Key projects:

• Julphar Towers; 
• Mina Al Arab.

Uniestate is a premier development company that has been a dominant force in the UAE’s residential and commercial real estate market for over 28 years. Driven by the ambition to create unique and comfortable projects in the most desirable locations of the Emirates,

Uniestate focuses on innovation in design and advanced technology to offer clients a distinctive real estate experience. Over the years, the company has earned a reputation as a reliable developer, crafting homes that embody high standards of quality and aesthetics.

Portfolio highlights:

• Union Tower; 
• Yasmin Village;
• Uniestate Mansion.

Aldar Properties  

Aldar Properties PJSC, founded in January 2004, quickly made a global impact by merging with Malaysian construction company South Johor Investment Corp just three years later. Their debut project, the Al Jimi shopping center, earned the prestigious ICSC award.

Following this success, Aldar constructed the Abu Dhabi Plaza in Kazakhstan’s capital, a premium complex recognized as the tallest structure in Central Asia. This development includes apartments, Class A offices, a five-star Sheraton hotel, and a shopping center with cafes and restaurants. However, the 2010 global financial crisis severely impacted Aldar, leading to significant debt as property prices plummeted. The Abu Dhabi government provided crucial financial support of $10 billion and acquired some of Aldar’s assets, enabling the company to recover and later become one of the emirate’s leading firms.

Key projects:

• Gate Towers: Three residential towers on Reem Island; 
• World Trade Center Mall: Featuring apartments, a hotel, and office spaces;
• Al Zeina at Al Raha Beach: A luxurious hotel; 
• Mamsha Al-Saadiyat: A beachfront residential complex on Saadiyat Island.

DURAR Group  

DURAR, a prominent developer based in the USA, is well-known in the UAE. The company specializes in the purchase, sale, and development of real estate across Ras Al Khaimah and other Emirates, covering residential, commercial, retail, and industrial projects. DURAR also emphasizes cost-effective home management services.

Developer’s projects:

• MoonStone: A luxurious complex of 225 designer residences on Al Marjan Island;
• Durar 1: A residential complex of two connected towers in Dubailand;
• Latifa Tower: A 45-story complex on Sheikh Zayed road.

Founded in 2007 by entrepreneurs Shahabu Lufti and Mohamed Al Husseiny, H&H Development made its mark with its first major project, the Oasis Residences in Jumeirah. The company is known for its innovative design approach and commitment to sustainable development, emphasizing eco-friendly construction technologies.

Leading projects:

• Oasis Residences: A residential complex of two low-rise buildings on Al Reem Island; 
• Nobu Residences Al Marjan Island: Premium residences on Al Marjan Island, developed in collaboration with the globally renowned Nobu Hotels; 
• Four Seasons Private Residences Dubai: A five-star branded residential complex on the Dubai Water Canal.

Jazeera Al Hamra  

Established in 2003, Jazeera Al Hamra has played a pivotal role in shaping the landscape of Ras Al Khaimah. In 2022, Al Hamra ranked among the top 50 developers in the Persian Gulf. The company focuses on residential, hospitality, retail, and entertainment sectors, specializing in turnkey commercial and residential properties.

Key projects:

• Royal Breeze Residence: A luxury residential complex;
• Falcon Island: A development of 240 villas and townhouses; 
• Bayti Homes: The first villa and townhouse complex in the UAE to receive LEED certification for green building standards.

Emaar Properties  

Emaar Properties is one of the most recognizable developers not only in the UAE but globally. Founded in 1997 by Mohamed Alabbar, the owner of Dubai Holdings, Emaar focuses on residential buildings, retail and entertainment centers, restaurants, hotels, and other properties. The company leverages innovative solutions and technologies to create world-class projects. Today, Emaar is an international powerhouse with offices and projects across the globe, including Turkey, Saudi Arabia, the USA, India, and more.

Major projects:

• Burj Khalifa: The world’s tallest tower and a symbol of Dubai;
• Burj Al Arab: Iconic luxury hotel; 
• The Address Downtown: A luxurious hotel in the heart of Dubai; 
• Dubai Mall and Dubai Marina: Premier shopping and entertainment destinations.

Advantages of investing in Ras Al Khaimah real estate  

Ras Al Khaimah is emerging as one of the UAE's leading economic zones. The demand for new constructions in the area is gaining momentum, with major developers showing keen interest in executing their projects in this emirate.

Investing in Ras Al Khaimah real estate offers:

• A growing, promising market. 
• Freehold zones offering property ownership rights.
• No income tax. 
• Partial subsidization of registration fees by developers.
• Competitive prices compared to Dubai and Abu Dhabi. 
• High ROI, ranging from 6% to 11,7% annually as of fall 2023.

Top projects from various developers  

Address Residences  

Address Residences is a premium complex managed by the Address Hotels + Resorts brand and developed by Emaar Properties. Situated on the coast of one of the man-made islands in the Al Marjan archipelago.

The project includes a 249-room hotel, residential apartments, townhouses, and villas. The elegant buildings feature soft beige and gray tones, with glass balcony railings and panoramic windows adding a touch of lightness to the facades. The developer offers various layout options, from cozy one-bedroom units to spacious four-bedroom family residences and penthouses on the top floors. For those who value privacy, townhouses are also available, all featuring neutral light-colored finishes.

Residents and guests of Address Residences enjoy top-tier hotel amenities: three restaurants catering to diverse tastes, outdoor swimming pools, a panoramic lounge over the water, and a spa for post-work relaxation. The promenade and pristine sandy beaches stretch along a 40,000 m² shoreline. Water sports enthusiasts can engage in kayaking and diving, while a special area is designated for meditation or yoga sessions with stunning views of the sunset and the Persian Gulf. For the younger residents, an outdoor play area is thoughtfully designed.

Prices for apartments start at $1,014,410

Falcon Island is an exclusive island community developed by Jazeera Al Hamra, located in the waters of the Persian Gulf. The center of Ras Al Khaimah is a 35-minute drive away.

The project features 40 units, including villas and townhouses with various layouts ranging from 2 to 7 bedrooms. Panoramic windows offer views of the waterway and the terracotta deserts atop Jebel Jais.

Residents can explore the emirate by renting a yacht, engage in various water sports, or simply relax on the white sandy beaches. Evening relaxation options include a spa or one of the four swimming pools. Additionally, there are facilities for tennis, golf, and yoga.

Within a 10-minute drive are educational institutions such as RAK Academy, Zainab Primary and Secondary School, and Al Hamra Nursery. The Al Hamra Mall and Al Maya Supermarket are also a short drive away, offering all necessary shopping options. For a change of pace, Al Jazeerah Beach is nearby for leisure activities.

Prices start at $2,124,000

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