Various aspects of Ras Al Khaimah: history, climate, transportation, economy, attractions

Ras Al Khaimah: the northernmost and greenest emirate

Read in this article information about the northernmost and greenest emirate - Ras Al Khaimah. Located in the north of the UAE, this emirate borders Sharjah and Fujairah. It covers an area of about 1,700 square kilometers and is divided into two roughly equal parts, separated by the small Fujairah Peninsula. The northern part, on the Musandam Peninsula, is home to the majority of the emirate's population, while the southern part, virtually uninhabited, has only a few villages. The total population is around 355,000, with Ras Al Khaimah being the most autochthonous emirate, with 25% of the population being indigenous, compared to around 10% in other parts of the country. Locally, it is often abbreviated to the acronym RAK.

Unique nature and attractions

In the east of Ras Al Khaimah, the Hajar Mountains stretch out, and the highest point in the UAE, Jebel Jais (1911 meters), is located here. To the north, the emirate is washed by the waters of the Persian Gulf, and the coastline extends for 64 kilometers, featuring many picturesque natural lagoons. The emirate also has deserts, including rare terracotta sand dunes. A particular pride of the capital is the mangrove forests, which are home to beautiful pink flamingos.

The rich history of the emirate

Ras Al Khaimah has attracted settlers for thousands of years due to its geographical location at the crossroads of sea and land routes, which facilitated trade development. Archaeological excavations indicate the existence of advanced civilizations in this region since ancient times. The emirate's history, dating back to the Bronze Age, makes it one of the few places in the world where people have continuously lived for over 7,000 years. Even today, some artifacts from its rich past have been found in the area. For example, an archaeological structure from the pre-Islamic period, known as the Palace of the Queen of Sheba, was discovered in the northern part of the emirate's capital.

History of Ras Al Khaimah

In the 13th-14th centuries, the port of Julfar was known for its pearl trade. Today, in Ras Al Khaimah, hereditary fishermen continue the activity of collecting shells, having inherited their craft.

At the end of the 18th century, Ras Al Khaimah became the capital of the state that united the northern emirates, ruled by the influential Al Qasimi clan. In 1809 and 1819, the Arab fleet, which was one of the most powerful in the region, suffered defeats in naval battles against the stronger British fleet. The emir signed a peace treaty with the British, and the territory came under British protection for 150 years.

In 1971-1972, after the British left the lands along the Persian Gulf, seven emirates united under one flag. Ras Al Khaimah was the last to join the UAE due to losses in territorial disputes with Iran.

Climate and soil

The Ras Al Khaimah region has a milder climate compared to other emirates, with a slight difference in air temperature (in summer the difference can reach 6-10 degrees Celsius).

This region is famous for its greenery and fertile lands. The locals have long been cultivating vegetable crops (cabbage, onions, tomatoes), as well as fruit trees, including dates, bananas, citrus fruits, and tobacco. The harvest is shipped to other emirates, mainly to Dubai, and is also used for local needs.

Transport and travel

Ras Al Khaimah has an international airport, but currently, flights to and from Russia are suspended due to the COVID-19 pandemic. It is expected that air travel will resume soon. Flights from Russia operate to Dubai or Sharjah, and the distance between Dubai and Ras Al Khaimah is 80 km. In the absence of traffic jams, the drive takes about 40-50 minutes. Locals recommend using detours in case of traffic. Ras Al Khaimah also has a developed water transport system, and shipping ports like Saqr Port serve vessels.

In Ras Al Khaimah, there is no public transportation; buses only operate between cities and towns. For getting around the resort, tourists can use taxis or rent a car. Locals usually have their own vehicles.

Economic development in Ras Al Khaimah

In addition to agriculture, the development of the economy in Ras Al Khaimah over the past hundred years has been linked to the mining industry. The cement manufacturing plant is one of the largest enterprises in the UAE. Gulf Pharmaceutical Industries is located in this area and is the largest pharmaceutical factory in the Persian Gulf. RAS Ceramics, with over 50 years of history, is known as a producer of high-quality ceramic tableware. Falcon Technologies International and Innovative Composite Engineering represent modern high-tech developments.

Free Economic Zone RAKEZ

Ras Al Khaimah is a free economic zone known as RAKEZ. This area is recognized as a safe and stable place for business, as confirmed by high ratings ("A") from FINs and S&P. In RAKEZ, companies and individuals are exempt from taxes and duties. With the presence of logistics hubs such as seaports, an airport, and highways, companies can easily access international trade flows. Year after year, RAKEZ attracts hundreds of local and foreign companies.

The development of tourism in Ras Al Khaimah

Tourism is actively developing in Ras Al Khaimah. There are about 30 upscale hotels here that hospitably welcome visitors from all over the world. The resort area is a great vacation destination and a preferred choice for residents of other parts of the country such as Dubai, Abu Dhabi and other emirates. Ras Al Khaimah also offers many opportunities for cultural and recreational vacations.

Historical landmarks

Ras Al Khaimah offers not only beach vacations but also interesting historical sites. Visitors interested in history are recommended to visit the ancient abandoned village of Al Jazirah Al Hamra, where sailors and pearl divers once lived. The capital of the emirate has many testimonies to its rich history. Ras Al Khaimah is divided by a bay into two parts: Old Ras Al Khaimah and Nakheel. In the Old Town, the Al Hisn Fort has been preserved, which is the residence of the emirs of the Al Qasimi clan. Today, it has been transformed into a National Museum.

Daya: a village with a rich past

Another interesting place that tells about the region's past is the village of Daya, located in the northeast of the city. Here, you can find an ancient fort that was once used for defense. Additionally, there are recently discovered burial sites of the ancient Umm an-Nar civilization, which are already 5,000 years old.

Cable car on Jebel Jais Peak

In the Hajar Mountains, at the summit of Jebel Jais peak, a cable car measuring 2830 meters in length has been opened. It has been included in the Guinness World Records as the longest in the world. There is also a zip line available for thrill-seekers, offering a dizzying descent from a height of 1680 meters at a speed of 150 km/h.

Golf and yachting: entertainment in the emirate of Ras Al Khaimah

Ras Al Khaimah is famous for its golf courses, such as Al Hamra Golf Club and Tower Links Golf Club, both featuring 18 holes. While playing, golfers can enjoy stunning views of the mountains and the bay. Additionally, Ras Al Khaimah has several yacht clubs and even a private aeroclub.

The real estate market in Ras Al Khaimah

The real estate market in Ras Al Khaimah is young and actively developing. The law allowing foreigners to acquire housing in full ownership (freehold), was adopted here in 2009. Since then, the coast of the emirate began to actively develop. Spacious beaches with clear azure water attract people from all over the world. Most foreign investors in real estate in Ras al-Khaimah come from China, India, Pakistan, the United States and the Gulf countries such as Qatar, Bahrain, Kuwait. In addition, a significant proportion of buyers are citizens of Russia, Ukraine and Kazakhstan.

Ras Al Khaimah: the perfect resort and place to live

Ras Al Khaimah is often referred to as the Arab Riviera, as it is considered the ideal resort for many, unlike Dubai. Locals and residents of other emirates happily buy vacation homes here. Foreigners also purchase similar vacation properties. However, Ras Al Khaimah can also be an attractive place for permanent residence, especially for families with children. Those who are used to a vibrant nightlife will likely find this city unsuitable.

A trip from Ras Al Khaimah to the center of Dubai

The journey from Ras Al Khaimah to downtown Dubai takes about the same amount of time as the trip from Deira to Dubai Marina.

Many people who work in Dubai on a hybrid schedule or completely remotely prefer to move to this tranquil green emirate, especially since the cost of buying or renting a home is much lower here.

Work and business

In addition, foreigners can find work in companies located right in Ras Al Khaimah, or start their own business.

Entrepreneurs from around the world, drawn by the benefits of the tax-free zone, are registering their companies in this emirate.

Infrastructure and amenities

The infrastructure of Ras Al Khaimah is perfectly suited for comfortable family living. The city offers numerous high-quality international schools, attracting teachers from Europe with high salaries.

• Manar Mall
• Safeer Mall
• Al Hamra Mall
• RAK Mall
• Al Naeem Mall

Local markets offer locally produced goods. Residential complexes also provide hotel services: restaurants, sports centers, and shops. At the same time, the cost of services in Ras Al Khaimah is lower than in Dubai itself, and sometimes the difference is quite noticeable.

Benefits of living in Ras Al Khaimah

Realtors specializing in this region report that top executives with families can rent a spacious beachfront villa in Ras Al Khaimah instead of an apartment in a good area of Dubai. The cost will be roughly the same, but the comfort, especially for children, will be greater.

Investments in real estate in Ras Al Khaimah are growing due to the market's expansion.

Growing demand for real estate in the Emirates

Now housing prices in both emirates are skyrocketing following strong demand, especially from foreign investors. Foreigners were encouraged to invest in real estate due to the Expo 2020, which was held in Dubai from October 2021 to April 2022. The relaxation of Dubai's policy of granting 'golden visas' (valid for 10 years) and 'green visas' (valid for 5 years) to non-residents also helped attract investment from abroad. At the same time, the influx of wealthy immigrants from the Russian Federation and Ukraine caused by the Russian-Ukrainian conflict has also increased significantly.

The rise in real estate prices in Ras Al Khaimah

Over the past year, real estate in Ras Al Khaimah has increased in price by approximately 40-65%. For example, during the pandemic, a studio in a new building in the "green emirate" could be purchased for $60,000, but now such an apartment is already being offered for $100,000. The most sought-after properties are studios and one-bedroom apartments.

Opportunities for investors in Ras Al Khaimah

Many people purchase apartments and houses in Ras Al Khaimah for long or short term rentals. Approximate income ranges from 5% to 8% per year, but can reach 12-13%. A nice feature for investors is that the legislation of the emirate is focused on the interests of the owner of housing. For example, the owner of an apartment in Dubai cannot increase the rent by more than 10% per year under the current contract, even if market rates have increased by 30%. To terminate the contract with the tenants, it is necessary to give them 1 year's notice. In Ras Al Khaimah, on the other hand, the tenant can be given 3 months' notice of intention to terminate the contract.

Construction of various types of real estate

Two of the largest semi-government construction companies, Al Hamra Developer and RAK Properties, are engaged in the construction of residential real estate in the attractive coastal areas of Ras Al Khaimah. Their projects offer a variety of housing options, ranging from budget studios to luxurious villas. Prices range from $100,000 to $3.5 million. Despite the similar characteristics of homes in Dubai and Ras Al Khaimah, the latter can be up to 50% cheaper. Considering this, Ras Al Khaimah turns out to be a more appealing option.

Advantages of property registration in Ras Al Khaimah

The property registration process in the Land Department is similar in both emirates. However, Ras Al Khaimah has its own advantages. Developers in this "green emirate" partially subsidize the registration fee. While under normal conditions the registration fee is 4% of the transaction value, in Ras Al Khaimah, the developer pays 2%.

"Al Hamra Developer in the Emirates of Ras Al Khaimah.

The company "Al Hamra Developer" is involved in the implementation of two major projects in the Emirate of Ras Al Khaimah: "Al Hamra Village" and "Marjan Island."

“Al Hamra Village” is a huge real estate area.

The "Al Hamra Village" complex is a vast area where everyone can find suitable real estate - from studios to exclusive penthouses, from small townhouses to spacious villas with private beach access. The community is surrounded by elite hotels and is within walking distance to attractions such as the "Al Hamra Golf Club," a yacht club, a waterfront with cafes and restaurants, the "Al Hamra Mall," the British School Al Hamra international school, and a medical clinic.

"'Marjan Island' is a unique island."

The second Marjan Island project, located on the man-made Al Marjan Island (Al Marjan), has its own uniqueness. This island consists of four branched peninsulas that were created inspired by the Palm Jumeirah. The island has more than 8 kilometers of beaches and 23 kilometers of promenades. Hotels and residential complexes are being actively developed here, offering a variety of apartments, including penthouses. Unfortunately, there are no villas and townhouses on the island. However, thanks to the original pyramid-shaped houses, al-Marjan has acquired its unique face. The project also plans to open a casino in the future to attract more tourists.

"'Mina Al Arab' is a huge resort complex."

Another popular area being developed by "RAK Properties" is "Mina Al Arab." This vast resort complex stretches for several kilometers and is known for its numerous hotels, beautiful beaches, picturesque promenades, and cozy restaurants. Here, investors can find a variety of real estate options for purchase - apartments, townhouses, and villas. The smallest in size and price will be one-bedroom apartments, as studios are not included in this project.

Real estate prices in Ras Al Khaimah

According to data from Metropolitan Premium Properties as of August 2022, a studio apartment of 45 sq. m can be purchased starting from $100,000, a one-bedroom apartment of 75-80 sq. m starts from $180,000, a two-bedroom apartment of 120 sq. m starts from $275,000, and a three-bedroom apartment of 195 sq. m starts from $370,000. Villas with an area of 200 sq. m start at $400,000.

Purchasing real estate in the UAE: advantages for buyers

Purchasing real estate in the UAE offers a number of attractive opportunities for buyers. One of these advantages is the provision of interest-free installment plans from developers for up to 5 years, which draws the attention of wealthy Russian investors who prefer to pay the full price of the property to avoid complications with transferring funds.

The procedure for purchasing real estate in the UAE

The procedure for purchasing real estate in the UAE is quite simple and accessible for both locals and foreigners. Popular offers from developers sell out quickly, and in some cases, buyers are given the opportunity to purchase only half a floor or an entire floor. Real estate agencies bring together investors for joint purchases of the required amount of property.

The process of purchasing and financing

The purchase process begins with an invoice for prepayment, after which the buyer fills out a reservation form and pays a deposit. The remaining amount can be paid in stages as agreed with the seller. Transfer of funds to the developer's account can be made directly from a Russian bank connected to the SWIFT system. It is important to note that it is virtually impossible for foreigners to open an account in the UAE without residency permits, but Russian investors can use Russian banks.

Obtaining residence permits

Regarding obtaining residence permits, according to UAE legislation, a tourist visa allows you to stay in the country for 90 days. It is important to note that you need to either extend your stay for another 3 months or leave the UAE for 90 days and reapply for a visa. If you plan to stay in the country for an extended period, it is essential to obtain a residence permit. This can be obtained with an invitation from a local employer, by starting a business, or by purchasing real estate. For example, in Dubai, to obtain a 5-year residence permit, you need to invest at least 2 million dirhams. In Ras Al Khaimah, a local developer offers investors assistance in obtaining residence permits when purchasing real estate, regardless of the property's value. For this, the investor only needs to pay 20% of the total transaction value.

Conclusion

I would like to share my thoughts on Ras Al Khaimah - the northernmost and greenest emirate of the UAE. This amazing region offers a unique landscape with mountains, picturesque beaches, and green oases. The historical heritage of Ras Al Khaimah spans millennia, and its rich culture attracts historians and travelers from all over the world. The climate in Ras Al Khaimah is milder and more comfortable, making it an ideal place for permanent residence or vacation. The emirate is also known for its economy, particularly in agriculture, where various vegetables and fruits are grown. Here you will find a rich infrastructure, including schools, shopping centers, and medical facilities. Ras Al Khaimah also attracts investors who see the opportunity to purchase real estate in this region. Property prices are rising, so buying a home can be a profitable investment. Additionally, the emirate offers the possibility of obtaining residency, making it even more appealing to foreign investors. In conclusion, Ras Al Khaimah is an emirate with a rich historical and cultural heritage, a wonderful climate, and a developed economy. With its unique landscape and numerous attractions, it offers a unique lifestyle and investment opportunities. I am sure that everyone will find something to their taste in this emirate. Be ready to immerse yourself in the world of Ras Al Khaimah and enjoy everything it has to offer.