Ras Al Khaimah is one of the seven emirates forming United Arab Emirates and it covers an area of around 1700 square kilometers. It is ideally located in the northern most region of the country. This was the second emirate permitting foreign ownership of property in the UAE. Freehold ownership law was passed initially by RAK in November 2005. Some of the most prestigious property developers in Ras Al Kahimah, have unveiled some ravishing real estate projects in RAK. These projects are available to sale and rent. Here are some of the renowned developers in RAK:
Rakeen:
This property developer is quiet innovative and focuses on architecturally unique and eco-friendly RAK property units for working as well as for living. Rakeen is supported by Crown Prince and Deputy Ruler of RAK, His Highness Sheikh Saud Bin Saqr Al Qasimi. Various ambitious projects have been initiated including offshore financial districts, man-made islands, iconic shopping centers, golf resorts and various other mixed use developments.
Al Marjan Island and Gateway City are two outstanding properties developed by Rakeen. Other major projects developed by this internationally reclaimed property developer are: Bab Al Bahr, RAK Financial City, RAK Convention & Exhibition Centre etc.
RAK Properties:
This has been established as a Public Joint Stock Company (PJSC) and it was formed in the year 2005 with the governments support. The basic aim of the company is to develop the tourism infrastructure, residential and commercial real estate. The residential property units include apartments and villas in RAK. The company’s current development portfolio includes: Julfar Residences, Julfar Towers, Mina Al Arab and RAK Tower. They aim to attract foreign investors in order to invest in their well developed real estate projects.
Al Hamra Real Estate:
This real estate development company is established by H.H. Sheikh Saud. The developer luxury residential and leisure development are the key aspects of the Al Hamra Real Estate. Al Hamra Village is one of the most prestigious developments which can accommodate up to 8,000 families. The village comprises of 1000 townhouses, 4000 luxury apartments and 200 deluxe sea views.
