Ras Al Khaimah (RAK) is home to stunning diverse landscapes. It’s a must-visit destination for explorers, but many also see themselves and their families living here. A home near pristine beaches and crystal-clear waters. That’s the dream.
This UAE region is also sought-after among investors looking for high rental yields. The yields can reach an incredible 8% – 12% each year, particularly in the seafront locations.
This region’s attraction as an economic boon extends beyond investors, too. Remote workers and professionals in their 40s are increasingly seeking the Free Zones in Ras Al Khaimah, and the cost effectiveness they bring to business operations. Now’s the best moment to invest in or purchase property for sale in Ras Al Khaimah, and the process is pretty straightforward.
Make fast, easy comparisons between lenders and their rates with our Financial Passport.
Ras Al Khaimah is a top place for Brits to purchase property because it offers:
Significant Capital Appreciation: The property market has gone through significant capital appreciation and seen growth rates of more than 20% in recent years. Continued growth is predicted because of major developments.
Infrastructure Projects that Are Government-Backed: With the government investing in infrastructure, such as branded residences and new hotels, there’s an increased demand for real estate as more individuals are attracted to this location.
Tax-Free Environment: Investors and those moving to Ras Al Khaimah do not need to pay capital gains tax or income tax. There’s the benefit of 100% repatriation of capital and profits.
Without question, UK residents can purchase property in Ras Al Khaimah in designated freehold zones. You won’t need a UAE visa to make the purchase, but there’s the added option for you to actually obtain a Golden Visa (for 10 years) or a short term residence visa (for two or three years) with an investment of AED 1 million, or AED 2 million, respectively.
When you have shortlisted a few properties, hired a real estate agent, and got a mortgage pre-approval, you can sign a Memorandum of Understanding (MOU), obtain the required No Objection Certificates (NOCs), pay 10% of the price, and register the property with the Land Department in RAK.
Having trouble with shortlisting mortgage lenders? This is easier with our Finance Passport, which will help you choose the right provider and obtain a mortgage in Ras Al Khaimah to buy property abroad.
With guidance from Upscore, you can find a reliable local estate agent who specialises in supporting foreign property buyers. This opens the door to a range of potential properties and sets the wheels in motion.
You can then complete your journey to homeownership by evaluating lenders with the best rates through the Finance Passport, make your deposit, complete the documentation, and get ready to relocate from the UK.
Use our UAE Property Finder tool to find your dream home with the help of AI.
