Luxury Apartments for Sale in Ras Al Khaimah

Yes. Apartment prices across the emirate rose 32% year-on-year in 2025, with prime coastal stock reaching AED 2,428 per square foot according to CBRE. Growth has been driven by rising international buyer demand, limited freehold supply, and large-scale hospitality projects that reinforce the long-term demand base. Gross rental yields for apartments in established freehold communities range from approximately 5,4% to 5,8%.

Yes. Non-UAE nationals can acquire full freehold ownership of apartments in designated zones, including Al Marjan Island, Al Hamra Village, Mina Al Arab, and Al Mairid. Ownership is registered with the RAK Lands Department, and there are no restrictions on resale or leasing. Freehold ownership also allows eligibility for UAE residency visas, subject to meeting the minimum property value thresholds set by federal authorities.

The primary cost is a property registration fee of 4% of the purchase price, payable to the RAK Lands Department upon ownership transfer. There is no annual property tax, no rental income tax, and no capital gains tax in Ras Al Khaimah. Buyers should also budget for a real estate agent commission of 2% of the purchase price plus 5% VAT on off-market or resale transactions, and any applicable service charges set by the community master developer.

Gross rental yields for apartments in the emirate’s freehold coastal communities average approximately 5,4% to 5,8%, based on ValuStrat and Bayut data. Returns vary by location, unit configuration, and furnishing level. Branded and fully furnished apartments, such as those in Gianfranco Ferré Residences and Mira Coral Bay, typically achieve lower vacancy rates and stronger per-night rates in short-term rental formats, particularly in areas near hospitality anchors such as the upcoming Wynn Al Marjan Island resort.

Luxury apartment prices on Al Marjan Island have risen significantly, with some branded stock reaching AED 2,500 to 3,000 per square foot—approaching or, in select cases, matching prices in established Dubai waterfront locations. Entry points in other RAK freehold communities, such as Al Hamra Village, remain lower. The comparison is most relevant on a value-per-square-foot basis adjusted for furnishing level, brand positioning, and proximity to hospitality infrastructure. Mira Developments' branded apartments in RAK are positioned in the premium tier, with included furnishings, brand value, and managed services factored into the price.

Branded apartments are developed in partnership with internationally recognised fashion, lifestyle, or hospitality houses. They are delivered fully furnished with curated interiors, managed amenities, and hotel-style resident services. This format eliminates fit-out costs, enables immediate leasing, and supports stronger resale liquidity than unfurnished, non-branded stock. Gianfranco Ferré Residences by Mira Developments delivers Gianfranco Ferré Home furnishings via the ONIRO Group.

Mira Coral Bay is a 220,000-square-metre master-planned waterfront community in Al Mairid, developed by Mira Developments in joint venture with the emirate’s master developer. The project encompasses 14 distinct branded residential clusters, including apartments, townhouses, and villas, alongside a 5-star hotel, a yacht club, two beach clubs, over 10 restaurants, and an art gallery. Unlike a single-tower development, Mira Coral Bay provides a self-contained community ecosystem with multiple brand options under one master plan, offering investors diversification across unit types and price points within a single destination.

Yes. The emirate offers a lower-density coastal lifestyle with direct beach access, mountain scenery, and a growing network of schools, healthcare facilities, and retail infrastructure. Families benefit from established international schools such as RAK Academy and GEMS Westminster, as well as healthcare providers including Sheikh Khalifa Specialty Hospital and RAK Hospital. Waterfront communities such as Mira Coral Bay provide boardwalks, beach clubs, swimming pools, and green spaces within a gated, managed environment.

The Wynn Al Marjan Island integrated resort, a USD 5.2 billion project featuring over 1,000 hotel rooms, restaurants, a convention centre, and a gaming area, is expected to become a structural catalyst for surrounding property values. Construction is progressing toward an operational opening anticipated in early 2027. Gianfranco Ferré Residences by Mira Developments sits on Al Marjan Island in proximity to this anchor, positioning it to benefit from increased visitor traffic and demand for furnished residential stock.

Yes. Most off-plan luxury apartment projects in Ras Al Khaimah offer structured payment plans, typically split between construction-linked instalments and a post-handover component. Mira Developments' projects in the emirate operate on similar structures. Specific terms vary by project and unit type, and buyers should confirm current availability and plan details with the sales team.

Subject to meeting the minimum property value threshold, property investors may qualify for a 10-year renewable UAE Golden Visa. The current qualifying investment is AED 2 million, assessed on the registered valuation. Off-plan and ready properties are both eligible. Buyers holding multiple properties may aggregate values to reach the threshold, subject to current federal regulations.