Can Foreigners Buy Property in Ras Al Khaimah?

Foreign Investors in Ras Al Khaimah

Ras Al Khaimah’s real estate market is attractive not only for its economic potential but also for its inclusive policies regarding foreigners buying property in Ras Al Khaimah. Foreign investors can buy freehold properties in designated areas across the emirate. Find out how in the details below.

The process for foreigners to buy property in RAK is straightforward, supported by robust legal frameworks that protect investor interests. This accessibility has led to a diversified community and a vibrant international atmosphere, enriching the cultural fabric of the emirate.

Under the Real Estate Law No. 7 of 2006, UAE and GCC citizens can buy property anywhere in Ras Al Khaimah. On the other hand, foreigners are subject to certain limitations, with property ownership specifically restricted to designated areas. This ensures a structured and secure investment environment which can allow foreigners to buy property in Ras Al Khaimah.

Types of Ownership Available to Foreigners

Foreign investors can consider two main types of ownership in these designated areas:

Freehold Ownership: This allows the investor to buy property in Ras Al Khaimah and the land outright without any time restrictions.

Leasehold Ownership: The property is on lease from the freeholder for a certain period, typically up to 99 years, based on a lease agreement.

Where are Foreigners buying in Ras Al Khaimah: Spotlight on Al Marjan Island

Beachfront Properties developed by companies like Range RAK in Al Marjan are particularly appealing to foreign investors. These properties offer bespoke direct access to beach living in Al Marjan, catering especially to high-net-worth individuals and those seeking an exceptional lifestyle.

Al Marjan Island in Ras Al Khaimah where most foreigners stay.

For those considering investment, RAK also offers considerable lifestyle advantages. The emirate is known for its safety and lower cost of living compared to other crowded cities. These attributes make it an ideal location for families and individuals looking for a balanced lifestyle.

To reach out to Range Developments Ras Al Khaimah, call us today at +971 4 325 2447.

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