Everything You Need to Know About Off-Plan Property in Ras Al Khaimah
Ras Al Khaimah’s off-plan property market has emerged as a compelling option for investors and homebuyers seeking value, beachfront living, and long-term growth. Supported by tourism-focused infrastructure, upcoming mega-developments, and government incentives, Ras Al Khaimah is seeing increased interest in residential and mixed-use off-plan projects. Iconic locations like Al Marjan Island and Mina Al Arab have become key investment hubs, offering luxury apartments and waterfront villas at competitive prices.
Top Locations for Buying Off-Plan Property in Ras Al Khaimah
Ras Al Khaimah’s top off-plan areas offer a blend of beachfront access, affordability, and strong future potential. Buyers can choose from luxury apartments, waterfront villas, and freehold communities ideal for expats.
Top Areas to Buy Off-Plan Apartment Projects in Ras Al Khaimah
- Al Marjan Island: Offers a mix of luxury and mid-range waterfront apartments in projects like Park Beach Residences, Costa Mare, Cala Del Mar, and Shoreline by DAMAC.
- Mina Al Arab: A vibrant destination known for its sustainable design and walkable communities. Notable projects include Hayat Island, Quattro Del Mar, Nasim Lofts, and SKAI.
- Al Hamra Village: A well-established master community offering golf course and marina living, with developments like Ellington Views and Al Hamra Waterfront Tower C.
Top Areas to Buy Off-Plan Villa Projects in Ras Al Khaimah
- Mina Al Arab: Home to sought-after off-plan villa communities such as NB Collection and Granada II, appealing to both investors and end-users.
- Al Marjan Island: Offers beachfront living with high-end finishes and amenities in projects like The Astera.
Freehold Areas for Expats
- Al Marjan Island
- Mina Al Arab
- Al Hamra Village
- Dafan Al Nakheel
Top Projects for Buying Off-Plan Property in Ras Al Khaimah
Top Luxury Off-Plan Projects in Ras Al Khaimah
- NB Collection: Developed by Ras Al Khaimah Properties at Hayat Island, NB Collection features beachfront villas starting from AED 17M. The project offers a 60/40 payment plan, with handover scheduled for Q4 2026.
- Nasim Lofts: Also by Ras Al Khaimah Properties on Hayat Island, Nasim Lofts brings contemporary homes starting at AED 5.5M. A 40/60 payment plan is available, with handover expected in Q3 2025.
- JW Marriott Residences: WOW Resorts introduces five-star branded residences on Al Marjan Island, starting from AED 2.9M. JW Marriott Residences follow a 70/30 payment plan, with handover planned for Q4 2026.
- Ellington Views 2: Designed by Ellington Properties in Al Hamra Village, this elegant residential tower starts from AED 2.16M. It features a 50/50 payment plan, with completion due in Q1 2027.
- Aqua Arc: Developed by BnW Developments, Aqua Arc offers luxury apartments starting from AED 2.24M. The project at Al Marjan Island, includes a flexible payment plan and is scheduled for handover in Q2 2027.
Top Affordable Off-Plan Projects Ras Al Khaimah
- SKAI: Developed by Ras Al Khaimah Properties in Mina Al Arab, SKAI offers waterfront apartments starting from AED 762K. The project follows a 30/70 payment plan, with handover expected in Q2 2028.
- Edge: Also by Ras Al Khaimah Properties at Mina Al Arab, Edge features modern waterfront homes starting from AED 750K. It offers a 60/40 payment plan, with handover set for Q2 2027.
- Bayviews: Located on the scenic Hayat Island, Bayviews presents value-driven apartments starting from AED 530K. The project includes a 40/60 payment plan, with completion expected in Q3 2025.
Top Off-Plan Projects Near Landmarks in Ras Al Khaimah
- One Central: A modern residential project by Pantheon Development in Ras Al Khaimah Central, near Al Jazeera Al Hamra. With prices starting from AED 650K, it offers contemporary urban living, a 55/45 payment plan, and handover expected in Q4 2027.
- Bay Residences: Is a premium development by Ras Al Khaimah Properties, situated in the sought-after Mina Al Arab area near Al Qawasim Corniche. The project presents a diverse selection of apartments, townhouses, and penthouses. It comes with a 40/60 payment plan and is scheduled for handover in Q4 2027.
- Cape Hayat Tower 1: A waterfront development in Mina Al Arab by Ras Al Khaimah Properties, overlooking Sheikh Mohammed Bin Salim Al Qasimi Mosque. Starting from AED 700K, it includes a 40/60 payment plan and handover in Q2 2026.
- Granada II: Situated near Saqr Park in Mina Al Arab, this elegant townhouse project by Ras Al Khaimah Properties starts from AED 2.3M. It features a 10/90 payment plan and is scheduled for handover in Q1 2026.
- Oceano: A premium waterfront project by The Luxe Developers on Al Marjan Island, offering ultra-luxury units including duplex penthouses and sky villas. Prices start at AED 1.9M, with a 70/30 payment plan and handover expected in Q2 2026.
Top Off-Plan Projects with Waterfront Views
- Manta Bay: Developed by Major Developerson Al Marjan Island, Manta Bay offers waterfront living starting at AED 1.2M. The project comes with a 60/40 payment plan and is scheduled for handover in Q4 2026.
- Quattro Del Mar: Quattro Del Mar by RAK Properties in Mina Al Arab, features seafront residences priced from AED 875K. Buyers can benefit from a 40/60 payment plan, with handover expected in Q4 2026.
- The Beach House: An upscale tower by Range Ras Al Khaimah at Al Marjan Island, The Beach House offers premium residences starting at AED 2.25M. It includes a 70/30 payment plan and is set for Q1 2026 handover.
- Sunshine Bay: Developed by Source of Fate Properties, Sunshine Bay at Al Marjan Island offers coastal apartments from AED 1.4M. The project features an 80/20 payment plan and is expected to be completed by Q1 2027.
- Al Hamra Waterfront Tower E: This waterfront development by Al Hamra Real Estate in Al Hamra Village, offers residences starting from AED 1.8M. It follows a 50/50 payment plan, with handover anticipated in Q1 2027.
Top Off-Plan Branded Residence Projects
- Nobu Residences: Developed by H&H Development in collaboration with Nobu Hospitality, Nobu Residences Al Marjan Island offers exclusive homes starting from AED 3.6M. The project follows a 70/30 payment plan, with handover scheduled for Q4 2026.
- Address Residences Al Marjan Island: A landmark beachfront development by Emaar, in partnership with Address Hotels + Resorts in Al Marjan Island. Units are priced from AED 1.7M and come with a 90/10 payment plan. Completion is expected by Q1 2028.
- The Astera: In collaboration with Aston Martin, DarGlobal introduces The Astera – a luxury waterfront development on Al Marjan Island priced from AED 1.8M. It features an 80/20 payment plan, with handover set for Q1 2028.
- Nikki Beach Residences: Developed by Aldar in partnership with Nikki Beach Global on Al Marjan Island, this upscale residential community offers beachfront living from AED 2.37M. Buyers can benefit from a 60/40 payment plan, with handover scheduled for Q4 2028.
Leading Developers Behind Ras Al Khaimah’s Newest Projects
- Ras Al Khaimah Properties: The master developer behind landmark projects such as NB Collection, Hayat Island, and SKAI.
- Ellington Properties: Known for high-end developments like Ellington Views 2 in Al Hamra Village.
- Pantheon Development: Recognized for quality mid-market projects such as Pantheon’s One Central in Al Jazeera Al Hamra.
- BnW Developments: A premium boutique developer with standout projects like Aqua Arc.
- Al Hamra Real Estate: Focused on delivering residential and mixed-use projects in Al Hamra Village.
Benefits of Buying an Off-Plan Property in Ras Al Khaimah
- Lower Entry Prices: Off-plan units in Ras Al Khaimah are priced competitively, allowing buyers to purchase at rates significantly lower than ready properties.
- Flexible Payment Plans: Developers typically offer staged payment options such as 60/40 or 70/30, reducing upfront financial pressure and increasing affordability.
- Capital Appreciation Potential: Buying early allows investors to benefit from value appreciation by the time of handover, especially in growing locations like Al Marjan Island.
- Modern Designs and Smart Features: New projects feature contemporary architecture, sustainable materials, and smart home technologies that enhance quality of life.
- High Rental Demand: Ras Al Khaimah’s tourism boost and affordability make off-plan units attractive for short and long-term rentals, promising good rental yields.
Exploring Off-Plan Property Payment Plans in Ras Al Khaimah
Ras Al Khaimah’s off-plan projects are known for developer-friendly payment plans, common structures include 40/60, 70/30, and even post-handover plans. These plans often start with a booking amount between 5% and 20%, followed by periodic installments throughout the building phase. Buyers benefit from extended timelines, often stretching 3 to 5 years, and occasional post-handover options extending up to 24 months.
Can You Get a Mortgage for Off-Plan Properties in Ras Al Khaimah?
Yes, it’s possible to get a mortgage for off-plan properties in Ras Al Khaimah. Some banks in the UAE offer partial financing during the construction phase, while the rest is paid directly to the developer as per the payment plan. Eligibility is based on factors such as income level, credit history, and age. It’s advisable to consult mortgage advisors and banks early to explore pre-approval and financing opportunities.
How to Buy an Off-Plan Property in Ras Al Khaimah
Process
- Research available off-plan projects using Bayut’s dedicated section.
- Shortlist based on developer, location, and price.
- Use TruCheck™ to verify listings.
- Engage a qualified agent (TruBroker™ preferred) for site visits and negotiation.
- Reserve unit by signing a reservation form and paying the booking fee.
- Sign the Sales Purchase Agreement (SPA) within the stipulated timeline.
Essential Documents
- NOC issued by the developer/seller
- Sale and Purchase Agreement (SPA)
- RAK municipality Land and Property Sector is converted into a title deed upon property completion
Fees
- 2% registration fee with Ras Al Khaimah Municipality
- Booking fee (typically 5-10%)
- The title deed issuance fee: AED 250
- Legal and agency fees (if using broker services)
Legal Aspects & Regulations
- Ensure the developer is registered and approved by Ras Al Khaimah authorities.
- Verify project registration and escrow compliance.
- Understand the terms in SPA including handover dates and penalty clauses.
- Protect your investment by using Bayut-verified listings and working with regulated brokers.