The Gulf has enjoyed a reputation over the past decade as something of an expat hotspot, coming in droves with their sights set on making money, tax-free and lots of it. The shift towards a rising demand for expat accommodation means higher property prices and soaring rents are the result of supply outstripping demand in many areas. Property rents in Dubai are rising at a rate which many are finding difficult to cope with, despite the authorities recently introducing a cap on the rent which landlords are allowed to charge. Many UAE landlords appear to be flouting these new rules with demand for rented accommodation so high, they have no difficulty finding new tenants at the higher prices, prompting expats to consider property in Ras Al Khaimah and the neighbouring emirates of Sharjah and Abu Dhabi.

Continue reading ‘Soaring Dubai Rents Good For RAK and Abu Dhabi’

Set on the Al Marjan Island, Bab Al Bahr, the first project developed by Rakeen Ras Al Khaimah’s newest property developer and master resort planner will be a luxury master planned community valued at AED 1.2 billion.

Launched today, Bab Al Bahr set on Rakeen’s man-made coral-shaped scheme extending four kilometres into the Arabian Gulf. Offering 360 degree sea views and private beachfronts, the Bab Al Bahr luxury resort when complete in 2009 will comprise a 290-room deluxe hotel incorporating 120 time-share apartment, 710 freehold residential apartments in five buildings as well as a 25-storey retail and office tower deemed to be the business headquarters of the island. Continue reading ‘Rakeen launches Bab Al Bahr luxury resort in Ras Al Khaimah’

The Royal Breeze is a pre-launch property development in Al Hamrah Village, a luxury ocean and golf retreat in Ras Al Khaimah. The strategy for tourism has been to pitch this emirate as a quiet and relaxing vacation spot to up-market tourists deciding to holiday in the Emirates but who seek a fortnight-long holiday that goes beyond just the sun, sand and the sea. RAK as it’s affectionately known is now rapidly attracting investment with the launch of several ambitious real estate mega-projects designed to develop its tourism capability.

The second emirate after Dubai to permit foreign ownership and the first to pass a freehold ownership law, back in November 2005, HH Sheikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah issued a decree allowing foreigners to own Continue reading ‘The Royal Breeze apartments in Ras Al Khaimah UAE’