Overview

Ras Al Khaimah

Is Ras Al Khaimah the best option for foreign investors? Decide yourself. Ras Al Khaimah is an inspirational land bordering the Sultanate of Oman. Its ruler is pushing for real estate reforms that are on par with its bustling neighbor, Dubai. There are 31 real estate projects underway, simultaneously. Experts say that this may just be the beginning of an ambitious plan to increase the population three folds during the next 12 years.

Inspirational Plans

The future plans include Mangroves Island, which is a 7.1 million square feet project on the creeks. All the 4,500 apartments will be self contained and in close proximity to the cities premier shopping center, Manar Mall. Another great project is Mina Al Arab, a 30 million square foot beach front resort. The facilities include 310 hectares of open spaces, traditional water taxis, ecological preserves and every imaginable residential amenity.

The most outstanding remains the development of Marjan Island that includes hotels, residencies and a business village, all built on a man made island. Situated on La Hoya Bay, the community will get its private golf course, swimming pools and spa. It was also the winner of CNBC Arabian property award winner, in 2008. Skyscrapers such as 43 story Jaulfar twin towers should be completed by 2009. Unlike its neighbors, Ras Al Khaimah is also vigorously investing in the middle and upper-middle class projects. The model project is the Gateway city that has its own advanced transport system. Foreign investors will be able to buy freehold properties in this project.

Property Boom

The state's economy is growing in double figures. Developers have also has confirmed plans to build a rapid transit system linking to the national rail. Since 2003, Dh35 billion have been invested in real estate development. There are three major development groups in the region, RAK Properties, KHOIE and Saraya Islands. The groups are now offering 10 percent initial down payment whereas the remaining amount will be distributed evenly between the development stages. The largest real estate firm RAK property is already building 10 new five star hotels and 4,000 residential units which will cost around Dh20 billion.

The state is emerging as a popular tourist attraction therefore it plans to spend a staggering Dh 300 billion by the year 2011. In order to attract investment it offers a tax free environment. It has business friendly rules with a much less-layered bureaucracy providing full repatriation of capital and profits. The RAK free zone is the fastest growing free zone in the region with more than 4,000 registered companies in just a couple of years. In fact, the fdi magazine in its recent report has put Ras Al Khaimah among the top three cities for foreign investors, in the emerging Middle Eastern and African markets.

Whom to contact?

If you are looking to buy a property in UAE, Landvest Limited is an excellent choice. The company employs seasonal professionals with years of experience in the Middle East real estate. All of its properties are handpicked and provide revenue generating investment opportunities. Your budget doesn't matter. Your choice does. Landvest specializes in targeting all real estate niches that is destined to provide future growth. It has an excellent reputation among the top UAE developers. Visit the website http://www.landvestdubai.com and select among carefully selected investment opportunities. Remember, your dreamland may just be a click, away.