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Ras Al Khaimah has a wide range of properties for sale, from affordable studio apartments to lavish penthouses, villas and townhouses for families. The emirate also offers commercial properties such as office spaces, hotels, etc.
If you are a citizen of the UAE or GCC, you have the right to buy real estate in Ras Al Khaimah. However, foreigners, whether residents or non-residents, can only purchase property in areas designated for foreign ownership.
Popular areas to buy property in Ras Al Khaimah are Al Hamra Village, Mina Al Arab, Al Marjan Island, Cove Rotana Resort, and Dafan Al Nakheel.
Property prices in Ras Al Khaimah range between AED 165,000 to AED 222,180,000 or higher, depending on the property type.
The Land Registration Law governs the regulations in Ras Al Khaimah. Article 4 of this law outlines the eligibility requirements for acquiring real estate in Ras Al Khaimah. If you are a UAE or Gulf Cooperation Council citizen, you meet the qualifications for purchasing real estate in Ras Al Khaimah.
Non-residents or foreigners can sell property in Ras Al Khaimah.
Yes, it is a worthwhile investment to purchase a property in Ras Al Khaimah, as the place has developed rapidly over the years. This emirate offers an attractive lifestyle and provides different types of properties with luxury amenities. The emirate has several exciting projects lined up.
Foreign investors, even if they are non-GCC citizens, can purchase properties in specific freehold regions of Ras Al Khaimah that showcase some of the city’s most impressive real estate developments.
The process of buying a property in Ras Al Khaimah is easy. It typically involves researching about the property, arranging finances, signing a sales agreement, obtaining an NOC and completing the necessary paperwork.
In Ras Al Khaimah, a property municipal tax is calculated based on the property’s annual rental value. Tenants usually pay this tax at a rate of 1% for residential properties (with a minimum fee of AED 300) and 5% for certain commercial properties.
Yes, Ras Al Khaimah offers a 12-year visa for purchasing a property in the Emirates.
No direct property tax is applied when purchasing a property in Ras Al Khaimah. Nonetheless, there is a municipal tax imposed on rented properties. Typically, this tax is levied on tenants, but there are occasional instances where tenants and landlords may be liable for it.
In Ras Al Khaimah, when selling a property, it is common to have a certified property expert evaluate the property. These experts meticulously assess various aspects, including the property’s location, size, and prevailing market rates. Based on this assessment, the expert estimates the property’s market value, which is the basis for establishing its sale price.
Yes, you can sell your Ras Al Khaimah property directly to a buyer without involving a real estate agent or an intermediary.
When selling property in Ras Al Khaimah, one should expect to pay various fees. These include transfer fees, commissions for real estate agents, and possible mortgage settlement fees.