Dubai might grab all the headlines at the moment, but the neighboring emirate Ras al Khaimah (RAK) is starting to grow in stature and will grow for the next few years.
Beautiful Ras Al Khaimah has many reasons that is currently attracting many investors. Lower prices than Dubai, great tourism attraction, stunning sea views and 100% foreign ownership in free zone areas.
Ras Al Khaimah got it all; Mountains, Desert and stunning beaches. Also the phenomenal man-made Island Al Marjan Island with some top quality hotels like Movenpick, Rixos and two upcoming famous hotels; The Address and Wynn Hotel. Also in Mina Arab we have two outstanding hotels – Intercontinental and Anantara Hotel.
In an interview with Gulf News, senior economic advisor to the RAK government and chief executive officer of the city’s Free Trade Zone Peter Fort said new projects that will take the emirate’s economy into the “next phase of growth” are in the pipeline.
RAK’s economy has expanded by eight per cent in the last two years, which is an incredible achievement.
With the tourist number increasing each year, Ras Al Khaimah is a good choice to add to your real estate profile.