Why did our client invest in an apartment in Ras Al Khaimah?
We sell real estate in 3 major cities in the UAE: Dubai, Abu Dhabi, and Ras Al Khaimah. And when investors come to us planning to invest in Dubai real estate, we first suggest considering other options. The market situation is not constant.
If last year there was a strong flow of Russian-speaking investors who were investing in Dubai, now it has become smaller. Moreover, many investors have switched to the northernmost emirate – Ras Al Khaimah. Like our recent client, Whitewill. Now let's tell you more about it.
Capital relocation
A client approached us inquiring about purchasing property in Dubai for investment. He was not satisfied with the interest rates on deposits offered by Russian banks. It was much more profitable to invest in an apartment at the start of sales with good returns. The entry threshold in Dubai, however, is much higher than in Ras Al Khaimah. The competition here is greater. And the most attractive lots are sold out in the first minutes after launch. That's when the investor turned his attention to the neighboring city.
Invest in Ras Al Khaimah
Ras Al Khaimah is a growing popular new investment destination. The climate here is slightly milder due to the proximity of the mountains. There are plenty of vacant islands and undeveloped coastline. And most importantly, on Al Marjan Island in 2027, the first casino on the entire Arabian Peninsula will open. Following its opening, property prices will rise, and rental rates will increase. Already, nearby locations have increased in value.
How to learn about Ras Al Khaimah real estate?
On December 1st and 2nd from 10:00 to 20:00 at the St. Regis Moscow Hotel on Nikolskaya Street, a presentation of two fresh projects, Nikki Beach and Aldar Rosso, will take place, located precisely on Al Marjan Island where the casino will appear. You can choose a convenient time to talk to the Aldar developer's representative, get acquainted with their fresh new buildings at minimal prices, and reserve an apartment.
If you want to attend the project presentation, call +971 (4) 450-2640 and get consultation.