The Emirate of Ras Al Khaimah (RAK) is nestled between majestic mountains and a pristine coastline, a perfect blend of natural scenery and modern infrastructure. These key features have attracted a myriad of people who are in search of an exquisite lifestyle. Aside from apartments and penthouses, many areas also offer luxury villas for sale. However, choosing an appropriate area for buying a villa can be overwhelming.
For your convenience, we have listed some of the most popular areas to buy villas in RAK.
Top Areas to Buy Villas in RAK
As elaborated in dubizzle’s RAK property market report H1 2023, the Emirate has garnered significant attention from buyers. Mentioned below are the top areas to buy villas in RAK.
Al Hamra Village
Al Hamra is a mixed-use community located in the southern part of the Emirate along with the Arabian Sea. This waterfront community features lush green gardens, natural water bodies and lavish villas offering a grandeur lifestyle to its residents. In fact, it also tops the list of popular areas to buy apartments in Ras Al Khaimah.
The villas in Al Hamra have modern architecture accompanied by high-end finishings and interior designs. Moreover, the community is home to some of the Emirate’s most prestigious hotels, golf and yacht clubs.
The Al Hamra Bus Stop is located outside the community on Sheikh Muhammad Bin Salem Road. Residents can also opt for RAK Bus Station, an 18-minute drive from the community. Therefore, a majority of people prefer to use personal transportation for commuting. If you are already a resident and don’t own a car, browse through these used cars for sale in RAK and buy a car for commuting to and from Al Hamra Village.
To avail of these facilities, buyers have paid an average sales price of AED 3.5M with an ROI of 4.87%. For a 3-bedroom villa, the price was AED 1.7M and AED 2.9M for a 4-bedroom villa.
Mina Al Arab
The next on our list of popular areas to buy villas in RAK is Mina Al Arab, another waterfront community. The community is located along Sheikh Muhammad Bin Salem Road (E11) and has preserved wetlands and green spaces attracting a wide range of wildlife.
To leverage the mesmerising natural views, residents can visit hiking and biking trails located within the community. That said, for more adventures, you can also visit the Shawka Bike Track located in the Emirate.
For RAK Bus Services, residents must drive 12 minutes to the nearest bus stop located in Al Nadiyah. As for shopping, residents can visit Choithrams Supermarket, Al Bateen Supermarket and Bloom Supermarket.
To buy villas for sale in Mina Al Arab, residents have paid an average sales price of AED 3.6M. The average sales price of 3 and 4-bedroom villas has been AED 2.3M and AED 6.1M, respectively. At this price, buyers have yielded an estimated ROI of 4.43%.
Al Marjan Island
Al Marjan Island is the last on our list of popular areas to buy villas in RAK. Al Marjan spans an area of 115 acres featuring four islets, namely Breeze Island, Treasure Island, Dream Island and View Island.
These islands are constructed in the shape of a coral, each offering a unique blend of commercial and residential buildings. That said, residents can leverage a number of high-end restaurants, resorts and hotels on Al Marjan Island.
The main island is connected with Al Ittihad Street (E11), providing easy access to the city centre. However, for public transportation, the nearest bus stop is a 20-minute drive. For monthly grocery shopping, residents can visit Zoom, Fresh Plus Grocery & Café and Al Sanad Supermarket.
The average sales price of villas in Al Marjan Island has been AED 7.8M. The price of a 3-bedroom villa has been AED 5.7M and AED 7.8M for a 4-bedroom villa.
FAQs
Which is the best place to live in Ras Al Khaimah?
RAK is filled with high-end areas offering a grandeur lifestyle to its residents. However, some communities, like Al Hamra Village, Al Marjan Island and Mina Al Arab, top the list.
Is RAK a good place to invest?
Yes, the real estate market of RAK has been continuously growing for the past few years. However, the ROI depends on multiple factors, including property type and experience of the investor.
Can foreigners buy property in RAK?
Yes, foreigners can buy properties in RAK only in the designated freehold property areas.
This was the complete list of popular areas to buy villas in Ras Al Khaimah. The Emirate has witnessed tremendous growth in the past few years, attracting many investors.
Despite the global situation, the real estate market of RAK has shown a positive trajectory. If you are also interested in availing of this positive trend, browse through these villas for sale in RAK and invest in an ideal property unit.
Besides, if you are interested in investing in off-plan projects, here are some upcoming property projects in RAK to keep an eye on.
Stay tuned to dubizzle’s property blog for more information on how to buy a villa in RAK.
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