Why Ras Al Khaimah’s Rise is Your Gateway to Golden Opportunities
Something big brews in Ras Al Khaimah-a moment of paradigm shift for investors and businesses alike. This emirate has never seen such unprecedented growth and therefore provides exemplary opportunities in commercial, industrial, and real estate sectors.
If you are one of those looking for a promising investment destination with enormous potential, then you need to check out Ras Al Khaimah. But here is why you shall not want to miss The Real Rise in Ras Al Khaimah.
The Real Rise of Ras Al Khaimah: Record Economic Growth
No state in the UAE has a better curve of economic growth than Ras Al Khaimah. It saw a near 30% increase in commercial licenses last year and more than a 25% rise in industrial licenses, the highest rise recorded in ten years. This excellent climb is powered by strategic location, pro-business environment, and a burgeoning tourism industry that cements Ras Al Khaimah’s status as the best place to do business in the UAE.
In positioning itself towards the goal of attracting 5.5 million tourists to the area by 2030, Ras Al Khaimah presents itself as a leading destination for world-class entertainment and hospitality. Without question, that rise is the move of the emirate into the new era of Emirates and does not appear to be slowing down.
The Year of Change: Booming Real Estate Market
So far, 2023 has been one of the pivotal years for Ras Al Khaimah, and its real estate has dramatically changed. Huge investments by both local and international developers are being made in this emirate, taking demand for its properties to an unprecedented height. As far as the real estate vertical is concerned, the state of Ras Al Khaimah is prospering and offers enticing returns to investors, unparalleled opportunities in a high-growth environment.
Unprecedented demand – Property prices have shot up as apartment prices increased by up to 35% within one year. Notably, investors are drawn by its beautiful nature, luxury, and investment opportunity.
The Increased Price of Rentals and Sales – According to Bayut, the prices of rentals for apartments went up 10.5%, whereas prices for sales surged to 18.5%. The internal rates of return stand at 20%-30% for the investors, reflecting in no meager proportion the potential of Ras Al Khaimah in real estate investment.
Commitment by Ras Al Khaimah to a future-ready real estate market has turned it into an active investment destination with high-yielding properties and ultra-luxurious living options, catering to all types of investors.
Al Marjan Island: A Premium Investment Hotspot
The best places to visit in Ras Al Khaimah include Al Marjan Island, which is also considered one of the finest locations for real estate investment. This artificially created island offers an unrivaled lifestyle of being on the waterfront to its inhabitants and visitors alike, with luxurious living at the vistas of scenic views.
High Rental Yields
Al Marjan Island boasts very high rental yields compared to other emirates. In fact, investors can expect to yield more than 9% rental return, which places Al Marjan in a high-yield environment and makes it one of the few choices for those looking for yields that are profitable and sustainable.
A Game-Changer with Wynn Casino
The introduction of the Wynn Casino Resort will make this island even more alluring. Just across the border, this will be the first such facility in the UAE and catapult Al Marjan Island into a world-class destination by increasing its value and allure. This addition in luxury will bring it all together in an environment that fuses natural beauty with high-end modern amenities-a true magnet for both investors and residents.
Success driven by the Government: Supportive Investment Climate of RAK
Proactive government initiatives have sustained the growth of Ras Al Khaimah. The Department of Economic Development Director of Commercial Affairs Amina Qahttan announced that this year total capital for new licenses doubled to AED 792.3 million, an astonishing 111.3% increase from AED 375 million last year. Capital for new commercial licenses was up 179.3%, while professional licenses jumped 248.8% and industrial licenses increased 28.6%.
These numbers testify to Ras Al Khaimah’s resolve in the creation of an enabling business ecosystem, truly supportive of investors and entrepreneurs alike. Poised for government-backed growth, Ras Al Khaimah has shaped a secure yet bustling landscape ideal for investment with a long-term perspective.
Home to the World’s First Sky Beach – Invest in Tomorrow’s Icon Today
Among the projects currently under construction with Ras Al Khaimah in the limelight, Manta Bay at Al Marjan Island turns out to be one of the most peculiar investment propositions. The Manta Bay project by Major Developers befits Ras Al Khaimah’s vision to emerge as a global leader in the luxury tourism and hospitality segment. This development will meld modern design with the world’s first Sky beach with luxury amenities blending the island’s natural beauty, offering an unmatched investment opportunity in one of the UAE’s fastest-growing regions.
An investment in Manta Bay is not just an asset; rather, it guarantees being part of a shining future for Ras Al Khaimah. Manta Bay represents an opportunity to be part of an enviable community that values luxury, convenience, and long-term value.
Why Invest in Ras Al Khaimah?
With rapid economic growth and strong government support, Ras Al Khaimah is one of the most sought-after investment destinations within the UAE. Here is why it just makes a lot of sense to invest in Ras Al Khaimah:
Dynamic Economic Growth: The surge in commercial and industrial licenses relates to a booming economy-a very ideal economy for business.
High Rental Yields: The rental yields upwards of 9% on Al Marjan Island provide huge passive income potential.
Increasing Value of Real Estate: Prices of apartments have grown by as much as 35%, indicating continued demand and appreciation.
Expansion in Tourism: The recent development of the Wynn Casino Resort, coupled with an ambitious target of 5.5 million tourists come 2030, will surely bring in further developments in hospitality, entertainment, and real estate.
Act Now and Be Part of The Real Rise!
With such rapid momentum, there is no better time to invest in Ras Al Khaimah than now. Manta Bay invites investors to share this extraordinary journey of growth and secure an extremely bright future in one of the UAE’s most vibrant markets. From government-backed growth to rising property values and high rental yields, there’s simply no match for the opportunities in Ras Al Khaimah.
Don’t let this great rise of Ras Al Khaimah pass by your nose! Major Developers present the perfect opportunity to invest in the booming market; the future is now blooming.