Ras Al Khaimah

Ras Al Khaimah makes up to be one of the cities in seven emirates. RAK shares borders with Ajman, Sharjah and Oman’s exclave of Musandam. With Omani mountains surrounding the city, the soil is fertile as compared to other cities, as it receives a large share of rainfall and also encompasses underground water streams. Under the leadership of his highness Sheikh Saqr bin Mohammad al-Qasimi, Ras Al Khaimah was joined to UAE in 1972. Currently, the city is ruled by Sheikh Saud bin Saqr al Qasimi.

Economy

Until 1920, mining ore was the source of income. As RAK is not a producer of crude oil, it concentrated on developing industry sector for economic growth. Industry sectors include real estate, tourism, building materials, manufacturing, and technology industries, agricultural and fisheries. RAK has been described as “rising emirate” for its latest developments in real estate sector.

Real Estate Projects

In the recent years, real estate market in RAK has grown significantly, as the government is providing freehold property ownership for internationals buyers. It has become a vital element for the source of economy of the city. RAK’s economy and market transparency continues to attract global investors. As potential buyers have outnumbered property sellers and investors, huge demand has been increased in real estate properties sector. With the increase in property demands, many real estate property portals have started with the intension to bridge the connection between sellers and buyers. Planetbuyers is one of the top property portals in Ras Al Khaimah which made ease for buyers to choose properties for sale and rent through online, also provide direct contact with agents, agencies, and developers. Here you can find residential properties such as apartments, villas, penthouses, townhouses for sale and rent, commercial properties such as office space, offices, shops, warehouses, compounds, commercial plots and land for sale and rent in Ras Al Khaimah.

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