If I have 60 million rubles in my pocket, what can I buy in Ras Al Khaimah?

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18 Jan 2024
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60 million rubles or $653,000 is sufficient to enter the investment project, The Beach House, on Al Marjan Island, where a casino is currently under construction. The casino is expected to catalyze the growth of property prices and rental rates. However, it's not just this factor that attracts investments in the project. The club house will be situated on the first shoreline, featuring a private beach, and each apartment will offer a sea view.

In Ras Al Khaimah, we have a support department that handles post-purchase investor services. After buying the apartment, we won't leave you alone; a personal broker will develop an investment strategy for asset realization. If you wish to rent out the property, we'll immediately find you an ideal tenant after receiving the keys or resell it with a good markup.

Prospective Al Marjan Island

In 2027, an elite hotel with a full-fledged casino, the Wynn Al Marjan Island Resort, will open in Ras Al Khaimah. This will be the first casino on the entire Arabian Peninsula, attracting the ultra-wealthy from Qatar, Kuwait, Bahrain, and other Arab countries. Some of these players will reside in neighboring houses, creating a strong demand for both short-term and long-term rentals.

Starting prices:

• 1-bedroom – from $592,400;

• 2-bedroom – from $1,127,200;

• 3-bedroom – upon request;

• 4-bedroom – upon request.

How much you can earn

You can purchase a one-bedroom apartment on the 4th floor with an area of 91 m² for $616,300. In 2 years, when the casino construction is nearing completion, rental rates are expected to increase by at least 50%. Or even higher. You can rent out your asset for an average of $42,500 per year, resulting in a yield of 5.8%. With short-term rentals, it could be even higher – from 7.8%.

If you want to invest and earn, call +971 (4) 450-2640 for a consultation.