Covering almost 1700 sq. kilometers, Ras Al Khaimah is one of the most scenic places in United Arab Emirates. With the passage of time people are beginning to realize this and are flooding to buy property here. With panoramic beaches at one side and majestic mountains on the other, it’s quite easy to see why people are going here.
Since 2000, Ras Al Khaimah has had $25 billion worth of investments. Major developers from all over the place took interest in this place and built it up from the ground to attract people from all over the world. Large companies which are known to work only in Dubai and Abu Dhabi, are now swarming to Ras Al Khaimah as one of the best real estate opportunities in years. In recent years, Ras Al Khaimah has invested in tourism, seeking to capitalize on the natural beauty of the place. Recent figures has revealed that this investment has begun to bear fruit. The tourism levels has increased by 220% and are still on the rise to date.
With the increase of visitors to the emirates and the increased investment, people are being attracted to the place like bees to honey. Also the addition of pioneering development projects such as the ones at the La Hoya Bay and at the Al Marjan Island has rendered the place a great real estate opportunity for all. All of these projects have been extremely successful. The main reason for people going to buy property in emirates is the low cost.
The second big reason for the increase in the popularity of real estate in Ras Al Khaimah is the possibility to get much in return of investment. While people like to move to the emirates for the extravagances and easy living, Ras Al Khaimah has evolved into a very stable and relatively strong market. These high and consistent returns have resulted in the manifold increase in local and international investors rushing to this place. They have focused their attention to property in Ras Al Khaimah only to develop a huge number of commercial projects so that they can attract people from all over the world.
The reason for people going to buy property in Ras Al Khaimah is the great deal of benefits it yields. When people buy real estate they get it at a cheaper price than the extremely pricey Dubai. These higher prices are the ones driving people to look for good places to invest, places from where they could get a good return. With a 45 min drive from Dubai, Ras Al Khaimah is seen by many people as the best possible option. Not only do you get the tranquil lifestyle but you also get access to the lavish extravagances of Dubai.
