Ras Al Khaimah (RAK), known for its serene landscapes and luxurious lifestyle, is emerging as a sought-after destination for property buyers. The emirate 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
The average price of villas in Ras Al Khaimah is AED 10.65M, with an ROI of 2.07%. Prices for a 3-bedroom villa average AED 4.63M, while 4-bedroom villas are around AED 6.87M. Larger villas, such as 5-bedroom properties, cost approximately AED 18.43M and 6-bedroom villas are priced at AED 75.92M.
As elaborated in dubizzle’s RAK property market report H1 2024, the Emirate has garnered significant attention from buyers. Mentioned below is the list of popular areas to buy Villas in Ras Al Khaimah.
Disclaimer: The areas detailed below have been extracted from dubizzle’s database dashboard and may not accurately reflect the current transactions happening in Dubai. The prices are for 2024 and are subject to change.
Mina Al Arab
One of the 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.
The average price of villas for sale in Mina Al Arab is AED 5.04M, with an ROI of 3.92%. A 3-bedroom villa is priced at around AED 2.84M, a 4-bedroom villa at AED 6.04M and a 5-bedroom villa at AED 9.14M.
Al Hamra Village
Al Hamra is another top neighbourhood to buy villas in Ras Al Khaimah. It 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. It also tops the list of popular areas to buy apartments in RAK.
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.
Situated near the coast, Al Hamra Village provides a beachfront lifestyle and is near schools, healthcare facilities and shopping centres.
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.
The average price for villas in Al Hamra Village is AED 7.65M, with an ROI of 3.23%. A 3-bedroom villa costs about AED 2.37M, a 4-bedroom villa is around AED 6.45M, a 5-bedroom villa is priced at AED 12.37M and a 6-bedroom villa averages AED 6.57M.
Mudfak
Mudfak offers a quiet and peaceful environment, away from the hustle and bustle of the city. The area features spacious villas with large gardens, perfect for families who value privacy and space. The community has a close-knit atmosphere with a strong sense of local culture and is located near nature reserves and hiking trails.
Mudfak is situated on the outskirts of Ras Al Khaimah, providing a rural charm that is ideal for those who prefer a serene and natural environment.
The average price for villas for sale in Mudfak is AED 2.79M, with an ROI of 4.79%. A 4-bedroom villa is priced at around AED 6.56M.
Al Marjan Island
Al Marjan Island is another name on our list of popular areas to buy houses 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 several 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 price of villas on Al Marjan Island is AED 24.2M. A 3-bedroom villa is priced at AED 5.03M, a 4-bedroom villa at AED 11.06M, a 5-bedroom villa at AED 25.83M and a 6-bedroom villa averages AED 88.69M.
Al Refaa
Lastly, we have Al Refaa in our list of areas to buy a villa in RAK. Al Refaa offers affordable villas with spacious interiors, making it a great option for first-time buyers or those seeking budget-friendly homes. The area is equipped with community parks, mosques, easy-to-access schools, healthcare facilities and other essential services.
Al Refaa is close to the industrial area, providing easy access to workplaces and RAK’s city centre. This makes it ideal for those who prioritise convenience and community living.
The average price for villas for sale in Al Refaa is AED 1.44M, with an ROI of 3.34%. A 3-bedroom villa costs approximately AED 1.20M, while a 4-bedroom villa is priced at AED 1.80M.
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 offer villas for sale in Ras Al Khaimah.
Is RAK a good place to invest?
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 investor experience.
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 RAK. The Emirate has witnessed tremendous growth in recent 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.
