Much like other major emirates, Ras Al Khaimah is embracing the vertical living trend. Apartment communities have sprung up across the emirate, offering more options to apartment renters than ever before.
The rapidly growing number of available property options makes apartment seeking a bit overwhelming. Therefore, to help out renters, we have analysed Ras Al Khaimah’s H1 2023 property market report and compiled a list of top areas to rent apartments in RAK.
Popular Areas to Rent Apartments in RAK
Now, let’s take a closer look at each of the top areas for rental apartments in Ras Al Khaimah.
Al Hamra Village
Al Hamra Village is a luxurious mixed-use development in Ras Al Khaimah. Located in the southern region of the emirate, the development is situated on the shores of the Arabian Gulf.
The apartment buildings in the area offer breathtaking views of the coastline. Al Hamra Village is well-connected to other parts of Ras Al Khaimah and is just a short drive from Al Marjan Island, a popular tourist destination.
Home to all the popular types of apartments in the UAE, the average yearly rent in Al Hamra Village is AED 37,000. The annual rent for studio apartments in the area averaged AED 26,000, it was AED 37,000 for a 1-bed flat and AED 55,000 for a 2-bed apartment. Overall, apartments for rent in Al Hamra Village experienced a price hike in recent months.
Al Marjan Island
Located off the coast of Ras Al Khaimah, Al Marjan Island is a picturesque man-made island. It is about 20 kilometres from the city centre. The island is home to a variety of luxury hotels, resorts and residential complexes, including towering apartment buildings.
This exclusive waterfront community is further divided into four districts: Marjan Island Resort, Marjan Island Beach, Marjan Island Marina, and Marjan Island Spa. Each district has its own unique character and amenities.
Al Marjan Island is a peaceful place to look for a flat for rent in Ras Al Khaimah. The average yearly rent for apartments in the community is AED 39,000. The average asking rent for studio apartments is AED 26,000. For 1 and 2-bed apartments in Al Marjan Island, the yearly rent averaged AED 40,000 and 54,000, respectively.
Mina Al Arab
Mina Al Arab is also one of the most popular areas to rent apartments in Ras Khaimah. As a part of an emerging coastal development, rental apartments in Mina Al Arab are surrounded by an abundance of lifestyle activities. The community is about 20 minutes from RAK International Airport and is seamlessly connected with Sheikh Muhammad Bin Salem Road.
Besides recreation, Mina Al Arab is also home to a number of popular schools, such as Ras Al Khaimah Academy and International School. The average yearly rent in this sought-after neighbourhood to look for an RAK apartment for rent is AED 43,000.
Studio apartments in the neighbourhood are available for an average rent of AED 20,000 a year. Meanwhile, the average annual rent for 1-bed and 2-bedroom apartments is AED 38,000 and AED 60,000.
Al Nakheel
Al Nakheel is another favoured neighbourhood with apartments for rent in Ras Al Khaimah. Located close to the Ras Al Khaimah harbour, the area is seamlessly connected to Al Manama – Ras Al Khaimah Road (E11).
Enjoying a strategic location, Al Nakheel is home to many popular shopping destinations, such as Al Naeem Mall and Lulu Centre. Whether you are looking for a studio apartment for rent in Ras Al Khaimah or a larger dwelling, the average rents for flats in the neighbourhood are AED 22,000 a year.
Renting a studio apartment in Al Nakheel has an average cost of AED 18,000, whereas the asking yearly rent for 1-bed and 2-bed flats averaged AED 23,000 and AED 28,000.
Al Seer
Al Seer is another noteworthy community with unfurnished and furnished apartments for rent in Ras Al Khaimah. In proximity to some of the region’s most coveted commercial hubs and economic zones, residential complexes in the community enjoy a prominent location.
Urban amenities like malls, supermarkets, cinemas, schools, hospitals and beaches are also available in abundance. For rental apartments in Al Seer, the average yearly rent is AED 21,000.
The area offers studio apartments with an average yearly rent of AED 17,000. Likewise, the rent for 1-bedroom and 2-bedroom apartments in Al Seer is AED 23,000 and 29,000, respectively.
FAQs
Which are the best areas in Ras Al Khaimah to rent an apartment?
According to RAK’s H1 2023 property market report, Al Hamra Village, Al Marjan Island, Mina Al Arab, Al Nakheel and Al Seer are some popular areas to rent apartments in Ras Al Khaimah.
Which types of flats for rent in RAK are popular?
The three popular types of rental apartments in Ras Al Khaimah are studio, 1-bed and 2-bed apartments.
What is the minimum average rent in RAK for apartments?
The minimum average yearly rent for apartments in RAK is AED 21,000 in the neighbourhood of Al Seer.
There you have it – an overview and FAQs about popular areas to rent apartments in RAK. From the latest property prices to prominent lifestyle activities, we have covered some important aspects of renting apartments in RAK. Moreover, those seeking top areas with rental villas in Ras Al Khaimah can read here for resourceful information.
Meanwhile, to explore other types of rental homes in Ras Al Khaimah, browse these listings on dubizzle.
For more updates on apartments for rent in Ras Al Khaimah, keep reading our real estate blog.
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