Saud Bin Saqr Al Qasimi took over as Ras Al Khaimah's ruler in 2010, the emirate's real estate sector has been at the forefront of its breathtaking economic expansion.
2. RAK's Real Estate Market Takes Off
Since Saud Bin Saqr Al Qasimi took over as
Ras Al Khaimah's ruler in 2010, the emirate's
real estate sector has been at the forefront of
its breathtaking economic expansion. Thanks
to conservative, forward-looking development
policies as well as strong guidance from RAK
Properties and other real estate concerns,
RAK's property market is among the
healthiest and fastest growing in the entire
United Arab Emirates.
3. His Highness Commits to State-of-the-Art
Infrastructure
Like any structure, a solid real estate market
requires a strong foundation. Under the
guidance of Saud Bin Saqr Al Qasimi, Ras Al
Khaimah (RAK) has embarked on several
noteworthy infrastructure projects and
upgrades that have turned the emirate into
an attractive place to live and work.
4. RAK's central city recently introduced a
convenient, comprehensive bus network to
shorten travel times and improve
connectivity. Separately, a number of water-
distribution projects and communications
upgrades have dramatically increased the
emirate's attractiveness to international
tourists and business owners. A new
motorway that connects the emirate with
Oman complements an existing link to
nearby Dubai. Most notably, His Highness
has embraced international businesses and
transplants by eliminating income, sales and
corporate taxes.
5. Brand New Homes for Just 11 Months' Rent?
The local real estate market has been
supported by a number of major new
developments that have broken ground
recently. RAK's real estate centerpieces
include majestic, luxurious residential and
commercial developments like Julfar Towers,
but the emirate has plenty of more down-to-
earth options for new arrivals as well.