Frequently Asked Questions

• Can foreigners buy property in Ras Al Khaimah?

  Yes, foreigners can buy property in Ras Al Khaimah, but only in designated freehold areas.

   

  These areas are: Al Marjan Island Mina Al Arab Arjan Al Hamra Village North and South RAK Al Hamra Bay Al Jazeera Al Hamra To buy property in Ras Al Khaimah, foreigners must obtain a no-objection certificate (NOC) from the Ras Al Khaimah Investment Authority (RAKIA).

   

  The NOC is a document that states that the RAKIA has no objection to the foreigner owning property in the emirate. To obtain an NOC, foreigners must submit the following documents to the RAKIA:

   

  A copy of their passport A copy of their visa A letter of intent to purchase the property A copy of the property title A valuation report for the property Foreigners can also finance their property purchase through a local bank. However, they will need to make a down payment of at least 20% of the purchase price.

   

  Here are some of the benefits of buying property in Ras Al Khaimah: Affordability: Ras Al Khaimah is one of the most affordable emirates in the UAE. Property prices are significantly lower than in Dubai and Abu Dhabi. High quality of life: Ras Al Khaimah offers a high quality of life. The emirate is known for its beautiful beaches, stunning mountains, and relaxed atmosphere. Strong investment potential:

  The real estate market in Ras Al Khaimah is growing rapidly. Property prices are expected to continue to rise in the coming years. If you are considering buying property in Ras Al Khaimah, I recommend that you consult with a qualified real estate agent. They can help you find the right property and guide you through the buying process.

• Can I pre-book an Emaar Al Marjan Islands property if I am not a resident of the country?

  Emaar Al Marjan Islands welcomes investors and homebuyers from around the world. You do not have to be a resident of the country to prebook one of their upcoming properties. The process is designed to be accessible to international buyers, allowing them to secure their investment remotely.

• Can I find waterfront apartments within the budget range?

  Yes, Al Marjan Island presents exclusive waterfront apartment deals that cater to varying budgets. Explore the listings to find the perfect residence where the sea becomes an integral part of your daily experience.

• Are these apartments suitable for investment purposes?

  Absolutely. The Al Marjan Island real estate market provides a spectrum of investment opportunities, allowing investors to capitalise on the island's growth potential while enjoying the perks of coastal living. 

• What happens if the completion of the property is delayed after prebooking?

   In the event of a delay in the completion of the property, Emaar Al Marjan Islands typically offers compensation or alternative options to prebooked buyers. The specific terms and conditions regarding delays and compensations are usually outlined in the pre-booking agreement. It is advisable to thoroughly review the terms before committing to prebooking.