Most popular freehold areas in Ras Al Khaimah
Located in the northern region of the UAE, Ras Al Khaimah is home to stunning mountain ranges and sandy beaches. It was also the second emirate in the UAE to allow foreign investment in its property market. Foreign investors, which include non-GCC citizens, can buy properties in designated freehold areas in RAK, which feature some of the city’s top real estate developments.
Discover the popular areas with freehold properties in Ras Al Khaimah, as well as average sales prices, amenities and property types available.
LIST OF POPULAR FREEHOLD AREAS IN RAS AL KHAIMAH
One can opt for either villas or apartments in RAK as per their preference.
TOP FREEHOLD AREAS IN RAK TO BUY APARTMENTS
Here are the most popular Ras Al Khaimah freehold areas for property investors looking to buy apartments.
Al Hamra Village comes out as the most popular area with freehold apartments in Ras Al Khaimah. This is followed by other waterfront developments like Al Marjan Island and Mina Al Arab. An area closer to the city centre Dafan Al Nakheel rounds up the list of freehold areas in Ras Al Khaimah ideal for those interested to buy apartments.
Let’s take a closer look at these areas with freehold properties in RAK.
AL HAMRA VILLAGE
Al Hamra Village takes the top spot when it comes to the most sought-after freehold area in Ras Al Khaimah. Located towards the south of Ras Al Khaimah and just off the E11 highway, Al Hamra Village is a mixed-use community that embodies luxury living. One of the best places to live in Ras Al Khaimah, Al Hamra Village offers waterfront homes that overlook the Arabian Gulf and the neighbouring Al Marjan Island.
- 1 BED
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- 2 BATHS
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- 1259 SQFT
- 2 BEDS
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- 3 BATHS
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- 1287 SQFT
- 1 BED
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- 2 BATHS
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- 779 SQFT
- 2 BEDS
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- 3 BATHS
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- 1243 SQFT
- 2 BEDS
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- 3 BATHS
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- 1599 SQFT
- 1 BED
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- 2 BATHS
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- 768 SQFT
- 1 BED
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- 1 BATH
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- 805 SQFT
Those looking to make freehold property investments in Ras Al Khaimah will find that Al Hamra Village has a wide portfolio of apartments, villas and townhouses for sale.
Current freehold properties for sale in Al Marjan Island include the Pacific and Bab Al Bahr Residences. These projects offer apartments for sale to investors and homeowners.
The apartments for sale in Al Hamra Village are not only appealing due to their freehold status but also because of the wealth of attractions and amenities in the vicinity.
The area is also home to a golf course, yacht club, luxury hotels, shopping malls and beaches. It also has a mosque, medical centre and gas stations, adding to the convenience for residents.
Freehold apartments for sale in Al Hamra Village typically range from studios to 3-bedroom units, with some larger units also available.
- The average price to purchase studio flats in Al Hamra Village stands at AED 528k.
- To buy 1-bedroom apartments in Hamra Village you can expect to pay AED 799k, on average.
- Whereas, 2-bedroom units on average go for AED 1.19M.
- The ROI for Al Hamra Village flats is 5.33%.
AL MARJAN ISLAND
Another one of the developing freehold areas in RAK is Al Marjan Island, which spans an area of 2.7M square kilometres. A man-made archipelago of four smaller islets, Al Marjan Island is accessible via the E11 highway that connects the UAE’s seven emirates. Al Marjan Island Ras Al Khaimah is home to freehold apartments and luxury beach resorts and hotels.
Al Marjan Island is one of the Ras Al Khaimah freehold areas that is still developing but already features waterfront boulevards, play areas, lush green spaces and amenities like supermarkets. With many planned and existing developments, this freehold area in RAK is set to be a hotspot for tourists and investors alike.
Current freehold properties for sale in Al Marjan Island include Pacific and Bab Al Bahr Residences, which offer apartments for sale to investors. The Pacific apartments on Al Marjan Island and Bab Al Bahr Residences have layouts ranging between studios and 3-bedroom units.
- To buy a studio in Al Marjan Island, you would need to pay AED 835k on average.
- Meanwhile, buyers can expect to pay around AED 1.88M for a 1-bed apartment.
- Looking to buy a 2 and 3-bed flat in Al Marjan Island? The average sales price would be AED 3.43M and AED 5.35M, respectively.
- The ROI for flats in the area averages at 3.50%.
MINA AL ARAB
Situated close to Al Hamra Village, Mina Al Arab is a waterfront development that is gaining popularity with investors looking at freehold properties in RAK. Located off the major highway of E11, Mina Al Arab is built around natural wetlands and beaches, offering an idyllic residential community.
This freehold area in Ras Al Khaimah offers a mix of apartments and villas for residents, which come with waterfront views, walking and hiking trails. Some of the notable communities for Mina Al Arab properties for sale include Gateway Residence, The Lagoons, Bermuda Villas and Malibu.
There is also a clinic, restaurants, cafes, gyms and grocery stores at the Lagoon Walk, which is easily accessible for residents in Mina Al Arab.
Interested in investing in these freehold properties in Ras Al Khaimah? The apartments for sale in Mina Al Arab range from studios to 3-bedrooms.
- The average price to buy a studio in Mina Al Arab stands at AED 840k.
- It goes up to AED 1.35M and AED 2.35M for 1 and 2-bedroom apartments, respectively.
- The price for a luxe 3-bedroom apartment for sale is AED 3.01M.
- The average ROI of flats in Mina Al Arab is 3.32%.
DAFAN AL NAKHEEL
The final mention on the list of popular areas with freehold apartments in Ras Al Khaimah is Dafan Al Nakheel. Located in the city centre, Dafan Al Nakheel is an excellent investment opportunity in Ras Al Khaimah real estate due to the wealth of amenities the area offers.
There are malls, supermarkets, banks, hospitals, golf courses, schools and leisure options in the area. Dafan Al Nakheel is also close to the famous Jebel Jais, while the public beaches are a short drive away,
Those looking to invest in freehold property in Ras Al Khaimah should consider the apartment development of Julphar Towers in Dafan Al Nakheel. These twin towers are among the tallest in Ras Al Khaimah, with one tower for commercial use while the other offers residential properties.
The Julphar Tower freehold apartments overlook the Ras Al Khaimah Harbour. These towers also have a shared podium that is home to retail and F&B outlets. Investors looking at Julphar Towers’ property for sale in Ras Al Khaimah will find apartments in various configurations that vary between studios to 2-bedroom flats.
- The average sales price of a studio in Dafan Al Nakheel stands at AED 368k.
- The sales price of a 1-bedroom flat in Dafan Al Nakheel averages at AED 556k.
- It goes up to AED 841k and AED 1.30M for a 2 and 3-bed unit, respectively.
- The ROI is an impressive 6.73%.
TOP FREEHOLD AREAS IN RAK TO LOOK FOR VILLAS
Here’s a look at the most popular areas with freehold villas in RAK.
MINA AL ARAB
Mina Al Arab leads this list of freehold areas in Ras Al Khaimah with villas. You can find 2-bedroom to 6-bedroom layouts in the area.
- You can budget for AED 2.93M on average to buy a 3-bedroom villa in Mina Al Arab.
- For 3 and 4-bed units, the average price goes up to AED 6.99M and AED 9.36M, respectively.
- The ROI for villas in Mina Al Arab is 4.29%.
- 3 BEDS
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- 4 BATHS
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- 3181 SQFT
- 4 BEDS
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- 5 BATHS
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- 3816 SQFT
- 3 BEDS
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- 4 BATHS
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- 3298 SQFT
- 2 BEDS
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- 3 BATHS
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- 1968 SQFT
- 4 BEDS
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- 6 BATHS
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- 4192 SQFT
AL HAMRA VILLAGE
Al Hamra Village appears on both lists with elegantly designed villas and apartments. You can buy freehold villas in Al Hamra Village in configurations ranging from 3 to 5 bedrooms.
- You can budget for AED 2.44M on average when looking to buy a 3-bedroom villa in Al Hamra Village
- Similarly, AED 6.40M would be your average investment if you intend to acquire 4-bedroom houses in Al Hamra Village.
- The larger 5-bedroom villas in Al Hamra Village have an average sales price of AED 13.4M.
- Villas in Al Hamra Village offer an ROI of 3.31%
AL MARJAN ISLAND
Offering freehold villas in Ras Al Khaimah for sale, Al Marjan Island is ideal for buyers who want to invest in opulent villas.
This is one of the freehold areas in RAK that offers stylish villas with all the amenities such as waterfront views, well-equipped kitchen, private pools and covered parking. The villas are available in 3 to 5-bedroom layouts.
- The 3-bedroom villas for sale on Al Marjan Island are available for AED 6.88M, on average.
- The average price to buy 4-bedroom villas on the island will set you back AED 11.2M.
FAQS ABOUT FREEHOLD AREAS IN DUBAI
WHAT IS THE ROI FOR APARTMENTS FOR SALE IN FREEHOLD AREAS IN RAS AL KHAIMAH?
Rank | Freehold Areas with Flats | ROI |
|---|---|---|
Rank 1 | Freehold Areas with Flats Al Hamra Village | ROI 5.33% |
Rank 2 | Freehold Areas with Flats Al Marjan Island | ROI 3.50% |
Rank 3 | Freehold Areas with Flats Mina Al Arab | ROI 3.32% |
Rank 4 | Freehold Areas with Flats Dafan Al Nakheel | ROI 6.73% |
WHAT IS THE AVERAGE COST TO BUY VILLAS IN RAS AL KHAIMAH FREEHOLD AREAS?
Here’s the average cost to buy freehold villas in the most popular freehold areas in RAK:
Rank | Freehold Areas in RAK with Villas | Average Price |
|---|---|---|
Rank 1 | Freehold Areas in RAK with Villas Mina Al Arab | Average Price AED 4,810,000 |
Rank 2 | Freehold Areas in RAK with Villas Al Hamra Village | Average Price AED 7,459,000 |
Rank 3 | Freehold Areas in RAK with Villas Al Marjan Island | Average Price AED 7,956,000 |
ARE THERE COMMUNITIES WITH BEACHFRONT VILLAS IN RAK?
Check out our list of top areas with beachfront villas in Ras Al Khaimah to find your dream home.
CAN I LIVE IN RAK WHILST WORKING IN DUBAI?
Yes, you can. Here’s our guide to living in Ras Al Khaimah and working in Dubai with all the details you need to know.
That concludes our guide to the freehold areas in RAK. We hope this article helps you make an informed decision when looking at freehold properties in Ras Al Khaimah for sale. If you’re an expat looking to invest in UAE real estate, you can also consider the freehold areas in Dubai or Abu Dhabi’s designated investment zones.
If you wish to rent a property, here is the procedure for tenancy contract online registration in RAK.
