Ras al Khaimah

construction-in-ras-al-khamiah-RAK

Ras al Khaimah also known as RAK was the second emirate after Dubai to allow foreign property ownership . his means that even non GCC citizens can buy a freehold property and call it their own. When the first sign of trouble surfaced in Dubai last year many expats were forced to look elsewhere as landlords raised their rent. Some of these raises were massive (around $16,000 for a two-bedroom home).

Ras Al Khaimah is one of the emirates of the United Arab Emirates in the northern part of the Arabian Peninsula, bordering Oman. It is ruled by Sheikh Saqr bin Mohammad al-Qassimi and has a population of about 250,000 inhabitants.

The city itself as at 2007 had a population of 191,753 and has two main sections, Old Ras Al Khaimah and Nakheel (no relation to the property developer), which lie on either side of the creek which flows through Ras Al Khaimah.

RAK may be small, but it has big plans and is pumping money into several ambitious property projects – 31 real estate developments are underway or at the planning stage.