How It’s Diversifying UAE
Ras Al Khaimah (RAK) is one of the largest cities in the Emirates of RAK, UAE. Even though this city is 100 Kms apart from Dubai, it is no less developed than the city of Dubai itself. In fact, we believe that the best is yet to come!
This city is known for its culture and history it has seen since 7000 years ago, and offers elegant landscapes starting from coastlines to endless deserts. Similarly, RAK is loved by both tourists and investors due to the breathtaking adventure activities and the real estate investment opportunities, respectively!
This is one of the most notable places in the UAE you should visit. Jebel Jais is part of the majestic Hajar Mountains formed more than 70 million years ago and stands 1935 metres above sea level. It has a variety of trails to serve a wide range of people. Whether you’re a casual walker or an adrenaline junkie, you won’t be disappointed with what you’ll find.
Do you want adrenaline flowing all over your body? For those searching for a once in a lifetime experience, chances are, you’ll not miss this one. Jais Flight, the world’s longest zipline experience, is perched atop the tall Jebel Jais peak in Ras Al Khaimah. You’ll be flying at a terrifying speed of 140 KMPH through steep canyons, cliffs, and rocky peaks from a height of 1,680 metres.
You’ll be guided by a highly experienced team who aim at providing top standard safety and security while you’re having the time of your life!
Besides these two, you’ll also find other activities like desert safari, mountain climbing and other leisure/adventure sports.
Coming to the blooming Real Estate market, here are some factors (present and upcoming) that attract investments from across the globe.
Surrounded by the Yanis and Jais Mountains, set against the gorgeous backdrop of the Arabian Peninsula, Al Marjan is a combination of 4 unique artificial islands that spread across approx. 5 kilometres into the sea that covers around 2.7 Million SqKm of land. The four islands host several resorts, beaches, tourism spots, and residential developments.
Under the administration of Khalid Bin Saud Al Qasimi, chairman of Al Marjan Island Company, various plans have been put forward to attract both tourists and investors.
Al Hamra, a real estate investment and development company based out of Ras Al Khaimah, recently launched a plan to develop a freehold and luxurious villa project named Falcon Island valued at around $272 million.
The CEO of the Al Hamra group unveiled that the construction of this project is to commence from the second quarter of 2022. The company expects the completion of Falcon Island will take around 2 years. The modern residential villa complex will provide a safe neighbourhood ideal for private living and vacations.
By the looks of it, we believe the group will be able to attract domestic and foreign funds based on how well planned and well designed this project is.
We think this is one of the biggest game-changers in real estate that is about to happen. The American (Los Angeles based) casino developer Wynn Resorts announced that they are planning to develop a multi-billion dollar resort on the Al Marjan Island in RAK.
After its completion in 2026, the 1000 room posh resort, with several lounges and restaurants, spas and “gaming centres”, will be opened for visitors everywhere.
Under Sheikh Saud bin Saqr Al Qasimi, the Government has brought forward various development plans to boost its real estate sector, including infrastructure and residential complexes.
The upcoming infrastructure development projects and bolstering of tourism are magnetising millions from all over the world. Ras Al Khaimah is expected to become one of the central hubs for tourism and trade soon. Considering how much this city has developed over the past years, RAK will act as one of the top property hubs in the UAE.
If you’re looking to buy your dream home in the Emirates, join hands with the best in the business – Loft & Manor. We will leverage our deep-rooted knowledge of the RAK real estate landscape to provide you with the most comprehensive and customised service line. Contact Loft and Manor consultants today!