Ras Al Khaimah property updates

1/8/2017

   

Description

Average rental rates in popular freehold locations such as Al Hamra and Mina Al Arab witnessed a dip of around two per cent during the last quarter. Average yearly rentals for a studio in Al Hamra start from around 25,000 AED per annum, one-bedrooms from 50,000 AED and two-bedrooms from around 60,000 AED per unit per annum.

After the recent handover of the Bermuda Villas at Mina Al Arab and the ongoing delivery of the Pacific Apartments on Al Marjan Island, completion of new freehold properties in Ras Al Khaimah will see a period of relatively low supply, until deliveries are expected to increase again from 2019 onwards.