Ras Al Khaimah: a hidden treasure of the UAE or a new resort for tourists?

Ras Al Khaimah: Geography and Nature

Ras Al Khaimah, located in the northern territories of the United Arab Emirates, is renowned for its unique geographical position. This location contributes to the formation of diverse vegetation, characterized by a multitude of species, and creates stunning landscapes where majestic mountains and expansive sandy beaches coexist harmoniously.

Lifestyle and Active Recreation

Unlike the fast-paced and vibrant Dubai, the lifestyle here is characterized by tranquility and relaxation. However, for those who prefer an active vacation, there are various excursions and activities available, such as:

• jeep safari;
• horseback riding
• camel riding;
• riding on the longest zipline in the world.

Historical Landmarks

One of the main attractions is the abandoned city of Al-Jazira Al-Hamra, which is considered an important historical monument of the Persian Gulf coast. Visitors can also explore unique archaeological finds at the local national museum or spend time strolling through the eastern bazaar.

International Character of the Emirate

Ras Al Khaimah is distinguished by its international atmosphere, thanks to the large number of expats, which highlights the diversity of the region's culture and traditions. The emirate is actively developing its tourist resources, aiming to attract a significant number of travelers, which allows it to avoid the strict behavioral norms typical of some neighboring emirates, such as Sharjah, where, for example, the sale of alcoholic beverages is prohibited.

Transport Infrastructure

In addition, Ras Al Khaimah has an international airport, which makes traveling to the region easier. Currently, direct flights from Russia are only available seasonally, but tourists can easily reach local resorts through the airports in Dubai, Sharjah, or even Oman. Airlines such as Aeroflot, S7 Airlines, Flydubai, Utair, and Air Arabia offer comfortable direct flights to Dubai.

Economic Potential

From an economic perspective, the emirate shows promising indicators. The economic potential of Ras Al Khaimah is at a high level. According to data from the Federal Competitiveness and Statistics Authority, the gross domestic product (GDP) of the region has significantly increased: from $5.8 billion in 2010 to $8.03 billion in 2016.

The oil industry accounts for a small share, contributing only 5.6% to the overall GDP, which indicates the diversification of the economy. The main sources of income include:

• production of goods (cement, ceramics, and pharmaceuticals);
• construction sector;
• financial services;
• wholesale and retail trade;
• tourism.

Prospects of a Growing Economy

The rating agency S&P believes that GDP growth rates will continue to increase in 2018, with an average growth forecast of 2.5% from 2018 to 2021. In comparison, this figure was 1.5% in 2017.

In addition, the population of the emirate is also growing. Forecasts for 2020 suggest that the number of residents will exceed 520,000, while in 2011, there were only 416,000 people living here.

Tourism: Growing Flow of Visitors

Tourism in Ras Al Khaimah has also been actively developing in recent years. In 2015, the number of tourists visiting this emirate exceeded 740,000, increasing to 820,000 in 2016 and to over 900,000 in 2017. With planned investments in tourist infrastructure, it is expected that by the end of 2018, the number of vacationers will reach one million, and by 2025, it will already be 2.9 million. This is an ambitious goal set for the Ras Al Khaimah Tourism Development Authority.

General development of Ras Al Khaimah

In Ras Al Khaimah, the processes of active development began later than in Dubai; however, today a full-fledged infrastructure for a good vacation and leisure has been established here. Guests of the region have access to modern shopping centers, water parks, as well as magnificent golf courses. In addition, they can enjoy well-maintained beaches, green parks, and a wide selection of clubs and restaurants, as well as comfortable hotels and resorts. Ras Al Khaimah attracts the attention of international hotel chains, includingHilton,RixosandRitz Carltonwho opened their hotels here.

The state of the hotel industry

According to the statistics provided by the companySelect Property GroupThe hotel occupancy rate in this emirate reaches approximately80%while the income from placementREVPAR) are growing at a pace that outstrips other emirates. Considering the forecast for the increase in the number of tourists, it is expected that by2025In the year, it will be necessary to build around here.15 thousand new hotel rooms.

Status of a free economic zone

Since the moment of obtaining the status of a free economic zone inin the year 2000Ras Al Khaimah has become attractive to foreign citizens wishing to purchase real estate here with full ownership rights. Local residents also benefit from exemptions from income and personal taxes. As a result, more13 thousand companiesfrom100 countriesAlready registered in the free zone, which indicates a growing interest from foreign investors in the real estate market.

The potential of the real estate market

Real estate in this region has enormous potential for further growth. It is expected that by2021the cost of housing inAl-Mardjanwill grow by20%Currently, many large construction projects are being launched, among which the following should be highlighted:

• Al-Hamra Village
• Mine Al-Arab
• Al-Mardjan

These projects feature developed infrastructure and offer various recreational opportunities.

The resort village of Al Hamra Village

Al Hamra Village is a resort community that includesa thousand villasandtownhousesand also2500 apartmentsOn its territory are located:

• Private beaches
• Hotels
• Shopping center
• Golf courses
• Sports complexes
• Yacht docks

New district of Mina Al Arab

Mina Al Arab is a new area where the construction of villas and townhouses is underway. Here you can find:

• Educational institutions: schools and kindergartens
• A large number of shops and restaurants

It has gained particular popularity among locals and tourists.water park "Iceland", which is located along the picturesque lagoon of the Persian Gulf.

The Al-Mardjan Project

Another significant project is Al-Mardjan, which consists of four artificial islands with a total area of2.7 million square metersCurrently, the construction of the first residential complex calledPacific, which offers a variety of elite apartments. There are also plans to build approximately6500 residential units.

Growth of the real estate market

Thanks to the implementation of these large projects, there has been a noticeable increase in activity in the real estate market. According to data from the local municipality, in the first half of2018The sales volume reached a record high.740 million dollarsthat on33%exceeds the corresponding figure for the same period last year. A total of2632 transactions.

Availability of housing

One of the main advantages of Ras Al Khaimah is the affordability of real estate, which offers comparable construction quality to that found in other emirates. Housing prices here are significantly lower, making the region attractive for both locals and foreign buyers looking for investment opportunities in real estate.

Real estate prices in Dubai and Al-Marjan.

In the well-known area of Dubai Marina, the prices for studios in luxury residential complexes range from $270,000 to $300,000.

Villa in Ras Al Khaimah

A villa in Ras Al Khaimah, UAE, is offered by Alpha Real Estate for a price of 667,000 euros. This property has an area of 373 square meters and includes five bedrooms and four bathrooms. This real estate will be an excellent option for rental investment, especially since you can obtain a visa for up to 12 years by paying only 15% of the total cost.

Among the services offered:

• four bedrooms;
• absence of furniture;
• centralized air conditioning;
• built-in wardrobes and kitchens;
• parking for cars.

This property is located near the Al Hamra shopping center, which adds to its appeal. The complex also offers access to various hotels, restaurants, bars, and entertainment venues. It is worth noting that this property is situated in a gated community, providing an extra layer of security.

Villa with direct access to the beach

Alpha Real Estate also offers another villa for 950,000 euros, with an area of 358 square meters, accommodating five bedrooms and four bathrooms. This stylish villa has direct beach access and includes a maid's room with a bathroom, a rooftop terrace with stunning panoramic views, spacious balconies, a large living room, a cozy dining area, and a storage room.

The villa is also equipped with a garage and a private garden with a barbecue area, while the central air conditioning ensures comfortable living year-round.

Apartments in Royal Breeze Residences

For those interested in purchasing an apartment, Alpha Real Estate offers options for 150,000 euros. The apartments cover an area of 78 square meters and include two bedrooms, one bathroom, and a kitchen. These apartments are part of the Royal Breeze Residences project, which consists of five high-end buildings with stunning views of the sea or golf course.

The project is located in close proximity to luxurious five-star hotels, a public beach, and various shopping centers near a golf club.

Ready apartments for investment

For those interested in investing, ready-to-move-in apartments are available for 1,416,023 euros. The total area of this property is 660 square meters, featuring five bedrooms, four bathrooms, and three toilets.Investing in this complex promises a high return - around 9% in dollars.The complex is located right by the sea and has already been put into operation. Its territory is in harmony with nature, featuring well-maintained gardens and a golf course.

In addition, there is a marina and several pools designed for both adults and children.

Project Oceano

Another option is the Oceano project, which can be purchased for 1,348,800 euros. The apartment covers an area of 168 square meters and includes two bedrooms and two bathrooms. The size of the deal allows for remote processing, and there is also the option to pay with cryptocurrency. Oceano is a luxurious residential complex with its own beach, located on Al Marjan Island.

Two majestic towers rising above the bay create an atmosphere of lightness and beauty.The unique style and carefully thought-out infrastructure make this project truly exceptional.

Apartment from Al Hayat Almushreqa

You can also take a look at an apartment from Al Hayat Almushreqa Real Estate priced at 486,735 euros. The area is 157 square meters with two bedrooms, one bathroom, and two toilets. There is an option for an online viewing and remote transaction with payment in rubles.

The company offers complete legal support for transactions, assistance with money transfers, and free selection of properties.The commission from clients is 0%.since it is taken care of by the developer. You can also take advantage of free property management services and interest-free installments for up to seven years, communicating only with experienced brokers.

Conclusion

Ras Al Khaimah is truly a unique place that, although its popularity is not growing as rapidly as that of neighboring Dubai, is becoming increasingly attractive to tourists and investors.

I described many aspects that make this emirate special: from its rich nature and diverse landscapes to the active and relaxed lifestyle one can lead here. For adventure lovers, there are various entertainment options, while those who prefer a more laid-back vacation have plenty of opportunities to enjoy an atmosphere of coziness and comfort.

Economic potential

The development of infrastructure, the increase in the number of tourists, and the variety of services and entertainment offered indicate that the economic potential of the emirate is based not only on oil but also on manufacturing and tourism.

It's nice to see that in recent years, Ras Al Khaimah has been attracting more and more attention from foreign investment companies, creating new projects and related jobs. I am confident that with each passing year, this region will become increasingly in demand and appealing not only to tourists but also to those looking to relocate their business or purchase property here.

Tourism and accessibility

We see that in recent years, despite global economic challenges, Ras Al Khaimah has maintained positive development trends, making the emirate particularly attractive for future investments.

• Direct flights from Russia and other countries;
• Opening of new resorts;
• Creating comfortable infrastructure.

These factors provide convenience for travelers from all over the world. We can look to the future with optimism regarding where this emirate is headed in the coming years.

Prospects for visiting

I hope that after reading this article, you feel inspired to discover the beauty and opportunities that Ras Al Khaimah has to offer. This corner of the UAE is definitely worth visiting and exploring.