Which Emirates of the UAE will become new growth points for investors and tourists?

General information about the United Arab Emirates

The United Arab Emirates is a unique federation consisting of seven independent emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Ras Al Khaimah, and Fujairah. Each of these emirates is governed by sheikhs who have the authority to create their own laws and regulations. Dubai, being the most well-known emirate, has become a symbol of the country, embodying its progressive approach and commitment to development.

This territory attracts foreigners due to its liberal policies, highly developed economy, and excellent infrastructure. The standard of living here is also high, making the Emirates particularly appealing to international citizens. However, in the past two years, there has been a sharp increase in interest from foreign investors in the local real estate market, which is characterized by high dynamism and fluctuations.

Prospects for other emirates

As for the future of the other emirates, three promising regions should be highlighted: Ras Al Khaimah, Abu Dhabi, and Sharjah. The United Arab Emirates continue their efforts to attract foreign investments and tourists. Local authorities are actively working on liberalizing legislation, offering attractive conditions for developers and investors.

Ras Al Khaimah

Let's start with Ras Al Khaimah — the northernmost emirate, which may be the best place to live. This area captivates with its stunning nature, where picturesque mountain landscapes occupy about a third of the entire territory. Because of this, Ras Al Khaimah stands out among the other emirates.

The climate in this emirate is more moderate, with temperatures a few degrees lower than in Dubai. Moreover, Ras Al Khaimah has more liberal rules, especially regarding the dress code for tourists, as well as unrestricted access to the sale of alcohol in stores.

The structure of the emirate

The emirate is divided into two main parts:

• Western part— old Ras Al Khaimah, known for its rich historical and cultural heritage.
• Eastern part— Al-Nakhil, more modern and with an international airport.

Overall, the emirate is relatively small — its population is just over 200,000 people, the majority of whom are Europeans, including citizens from Germany, the Netherlands, Italy, as well as residents from the USA and China. Since the borders were opened, there has been a growing interest from Chinese investors who have started to invest in the real estate of this emirate.

Benefits of living in Ras Al Khaimah

One of the main advantages of Ras Al Khaimah is the opportunity to enjoy a peaceful life by the coast with magnificent beaches. For active leisure enthusiasts, various activities are offered:

• jeep safari;
• golf;
• walks through the abandoned city of Al-Jazeera Al-Hamra;
• the longest zipline in the world.

Development strategy

The development strategy states that the emirate aims to become a resort destination to attract millions of tourists. As part of this strategy, a new highway is being built towards Dubai, which will significantly reduce travel time to 30 minutes, and the local airport is being expanded to increase the flow of tourists.

Completion of the casino construction in Ras Al Khaimah

A major achievement for the region will be the completion of the construction of the first casino, which is expected to open at the end of 2025. This establishment will be located among luxurious five-star hotels built on the artificial archipelago of Al-Marjan.

The emergence of this information last autumn significantly increased investor interest in Ras Al Khaimah, which in turn led to a rise in real estate prices in the region by 30 to 65%, an unexpected development for many who were planning to invest in this area.

Real estate projects in the region

Among the real estate properties, it is worth highlighting the project.Dana BayThis is a new residential complex with high-rise buildings, including both apartments and villas with townhouses. Prices for housing within this project start at 740 thousand dollars, and the completion of construction is scheduled for 2024.

The island of Al-Mardjan also offers an eight-story residential complex.Neynawith various amenities. Here you can purchase both studios and one-, two-, and three-bedroom apartments, with prices starting at 130 thousand dollars. Sales in this complex were planned to begin in May 2023.

Bab Al-Bahr Complex

The complex is located on the first line.Bab Al-BahrThis project also offers ready-to-move-in apartments. It provides the opportunity to purchase spacious studios of about 90 square meters, as well as apartments with one, two, three, and even four bedrooms.

Prices in this market start at 220,000 US dollars, and the developer offers flexible installment plans for five years to their clients. Moreover, there is an option to rent out your apartments immediately.

Bonus offers from developers

Attractive offers from developers in Ras Al Khaimah are also worth noting. For example, in some projects, by paying just 20% of the total property value, investors can receive:

• 12-year residence visa;
• A free license for business in the free economic zone of the emirate.

You can obtain additional information by contacting the representatives of Just Prime Homes agency.

Real estate in Abu Dhabi

As for Abu Dhabi, this emirate is the largest and wealthiest in the country, and it also serves as the capital of the United Arab Emirates. Abu Dhabi is renowned for its status as both an emirate and a key city that acts as a center for politics, industry, and tourism.

Result

Pay attention to the island.Clear, which is famous for its unique theme parks and the opportunity to ride in a real Formula 1 racing car. The island is equally interesting.Saadiyatknown for its luxurious beaches and the world-famous Louvre Abu Dhabi museum.

In addition, Abu Dhabi serves as an educational hub for the entire country. It is home to branches of renowned educational institutions such as the University of Sorbonne, the Cambridge School, and Eton College, among others.

The real estate market in Abu Dhabi

The real estate market in the emirate is experiencing a shortage of construction projects, and the available options are quickly being taken, leading to rising prices. Although the growth rate here is not as fast as in Dubai, interest in Abu Dhabi remains quite high.

Previously, in the capital region, it was only possible to purchase real estate under rental conditions, but now the situation is changing towards more attractive offers for buyers.

Attracting foreign investments

To stimulate foreign investments, the government has created special free zones where investors can purchase real estate in full ownership. Foreign citizens who invest can obtain a permanent residency visa, but the investment amount here is higher than in Dubai. For example, to obtain a ten-year "golden visa," a minimum investment of 545,000 US dollars is required.

Examples of real estate in the UAE

Let's take a look at some examples of real estate in the United Arab Emirates.

Villa in Ras Al Khaimah

A villa in Ras Al Khaimah, priced at €1,531,061, offers an area of 322 square meters and provides excellent living conditions. In this project on the island, you can become the owner of a 4-bedroom villa with a stunning sea view. There are no additional fees, and we will provide full support for the transaction. The complex is located in Al Hamra Village, which is known for its developed infrastructure and high level of security. Everything you need for a comfortable life is available here.

Villa on Marjan Island

Another attractive option is a villa on Marjan Island, priced at 593,000 euros. This new and high-end offering has an area of 230 square meters, consists of three bedrooms, and includes a private yard. This island will feature the first villas, and Dahan Bay promises a private beach and a luxurious coastline with stunning views of the sea and the Wynn Resort casino. The infrastructure of this project is expected to be top-notch, including:

• five-star hotels,
• shopping malls,
• gyms,
• pools,
• playgrounds

Apartments in Abu Dhabi

In the capital of the Emirates, Abu Dhabi, apartments with a sea view are offered for 903,924 euros. These 3-bedroom apartments, covering an area of 220 square meters, also provide the opportunity to obtain a residence visa. The residential complex is located on Yas Island, known for its top-notch tourist attractions and luxury hotels.

Premium-class apartments

There is also an offer for the sale of premium-class apartments in Abu Dhabi for €5,011,581. The area of these apartments is 500 square meters, and they include four bedrooms with a comfortable layout and a luxurious view of the water. The Mamsha complex, located on the best beach in the Emirates in the cultural center, offers a variety of services, such as:

• pools,
• gyms,
• embankments with walking and cycling paths.

Secondary real estate market

Don't forget about the option to purchase available properties on the secondary real estate market, including furnished apartments for €357,353 in the Yas Golf Collection project on Yas Island.

Residential complexes in Sharjah

In Sharjah, located in the United Arab Emirates, there are two residential towers with 14 and 17 floors, offering residents stunning panoramic views of the sea. The complex offers a variety of housing options, including studios, as well as one- and two-bedroom apartments.

This project features modern amenities, which include:

• gym
• open sports grounds for sports and yoga activities;
• children's play areas;
• barbecue spaces;
• swimming pool.

Villa with the possibility of obtaining a residence permit

Among the attractive offers in the real estate market, a villa in Sharjah stands out. It has an area of 667 square meters and includes six bedrooms and six bathrooms. The price of this property is1,763,280 euros.

It is especially important that when purchasing this villa, you can obtainresidence permitAdditionally, you can take advantage of the online viewing option and remote transaction processing. Moreover, payment can be made in rubles. The unique natural complex Hayyan is an excellent option for living; installment plans are offered without additional interest, and the completion of construction is scheduled for the fourth quarter of 2025.

Infrastructure of the residential complex

The infrastructure of the residential complex includes numerous green areas, playgrounds for children, swimming pools, modern fitness centers, restaurants, cafes, a shopping center, as well as running and cycling paths. The convenient location of the property allows you to reach the national park in just8 minutes.

Apartment in Sharjah

Additionally, an interesting option is an 88 square meter apartment in Sharjah, which includes two bedrooms and one bathroom, and is offered for171,314 euros.

The option for online viewings and remote transactions is available, and payment can also be made in rubles or even in cryptocurrency. This property is perfect for both living and investment, offering a stunning view of the Arabian Gulf and a variety of modern amenities, including:

• round-the-clock security;
• parking
• intercom system;
• swimming pool;
• children's pool
• playground;
• gym.

Apartments and investing in Abu Dhabi

In Abu Dhabi, there is also an apartment with an area of 65 square meters priced at188,949 euroswhich makes it attractive to investors. The possibility of obtaining a residence permit upon purchase, as well as online viewing and remote transaction processing, highlight the convenience of the real estate buying process.

Investing in real estate in the UAE is particularly attractive right now, considering the stable rental income, which averages11%and also a favorable tax regime with0%on ownership and rental. Moreover, there is oversight from organizations such as RERA and DLD, which protect the rights of investors.

Villa in Abu Dhabi

In Abu Dhabi, there is also a villa available that spans 1,336 square meters, consisting of six bedrooms and five bathrooms, and is offered at a price3,764,058 eurosThis exquisite property is located in the sought-after Reem Hills Villas project on Al Reem Island.

High expected return (from6%In US dollars) makes this offer particularly interesting for potential investors. Additionally, a catalog of services is available for investors, and the complex itself includes parks, play areas, private educational institutions, and medical organizations.

This is the perfect opportunity for anyone interested in investing in the UAEreal estate sector!

Investing in real estate in the UAE

Investing in real estate in the United Arab Emirates opens up a wide range of unique opportunities. For example, it's worth considering luxurious apartments in Ras Al Khaimah priced at €1,378,047. These apartments cover 213 square meters and offer three bedrooms as well as three bathrooms. The property is represented by Metropolitan Premium Properties.

Budget options

If you're looking for a more budget-friendly option, a cozy villa in Sharjah for €626,402 might be suitable for you. It has an area of 218 m² and consists of three bedrooms and three bathrooms. Additionally, Metropolitan Premium Properties offers an apartment in Ras Al Khaimah priced at €349,431 for an area of 94 m², which is an excellent investment option. Notably, purchasing property opens up the possibility of obtaining a residence visa, and online viewings and remote transactions are available, which significantly simplifies the entire process.

Financial terms

Attractive financial terms are offered to potential investors, including the option to pay in both rubles and cryptocurrency. Monthly rental income can reach around $1,000, with an investment yield of 6% in dollars. All proposed properties include interest-free installment plans, making them even more advantageous.

Amenities and services

The living spaces will be equipped with modern amenities, such as private bathrooms and built-in wardrobes. Additionally, the complex will offer public services, including surveillance systems and concierge services.

Apartments in Abu Dhabi

Additionally, it is worth considering the offer of an apartment in Abu Dhabi, priced at 738,494 euros. This property is located in the new Marlin project on Al Reem Island. This area has been developed with the interests of investors in mind and offers a high return of up to 10% in dollars. The apartments come with fully equipped kitchens, as well as 24-hour concierge services and security.

The culture and nature of Saadiyat Island

Saadiyat Island attracts culture and nature lovers, offering modern apartments surrounded by stunning beaches and exclusive amenities.

Studios and townhouses

This category will also attract interest from studios in Ras Al Khaimah. Their prices start from €221,530 and offer an area of 37 m². This limited project includes four buildings and provides residents with the opportunity to enjoy stunning sea views, in addition to access to comfortable amenities.

• Townhouses in Ras Al Khaimah priced at 651,414 euros and covering an area of 212 m².
• Each townhouse has three bedrooms and four bathrooms.
• The objects are designed with details in mind for maximum comfort.

Apartments in Sharjah

An equally attractive option is purchasing an apartment in Sharjah for €264,034, covering 109 m². The complex features an outdoor pool, a playground, and modern gyms, making it perfect for family living and active leisure.

Conclusion

Each of the listed options gives you the opportunity not only to become a property owner but also to gain significant financial benefits. We hope that these options will catch your attention and serve as a successful starting point for investments in the UAEreal estate market.

Introduction

In conclusion, while exploring the rapidly developing emirates of the United Arab Emirates, I have come to the conclusion that the potential appeal of regions such as Ras Al Khaimah, Abu Dhabi, and Sharjah is becoming increasingly evident. Despite their reputation as the most well-known and popular destination – Dubai, these less flashy but equally interesting emirates can offer a wealth of opportunities for investors and tourists.

Ras Al Khaimah

Ras Al Khaimah, with its picturesque landscapes and mild climate, is already becoming a resort gem. I was impressed by how this emirate is striving to develop its resort potential, as well as the fact that local authorities are actively working on improving infrastructure, for example:

• new highway to Dubai;
• the opening of the first casino in the region.

Abu Dhabi

Abu Dhabi, being the capital and economic center of the country, continues to attract attention due to its cultural and educational significance. It has everything necessary for a comfortable life:

• high-class educational institutions;
• cultural attractions;
• stable real estate market.

Sharjah

In turn, Sharjah continues to be the cultural capital of the UAE, offering its unique atmosphere and numerous historical sites, which attract both tourists and locals.

Successes and Conclusions

The last two years have shown that the UAE is betting on diversity and openness, creating more liberal conditions for investors and tourists. This approach will help even more people discover the delights of life and business in these unique regions.

Prospects

Each emirate has its own distinctive features and advantages, and I am convinced that they will take their rightful place on the world stage, attracting more and more attention and interest.Importantto stay informed about the latest events and changes, so as not to miss the opportunities that arise for those who are ready to take a step into this exciting and promising region.