Properties Under AED 2,000,000 for Sale in Ras Al Khaimah

Yes. The sub-AED 2 million segment offers entry into a market that recorded strong annual apartment price growth in 2025. Off-plan properties accounted for approximately 84% of transactions. Mira Developments offers two branded projects in this range: Gianfranco Ferré Residences on Al Marjan Island and Mira Coral Bay in Al Mairid. Both benefit from proximity to the Wynn resort and a growing hospitality ecosystem. Waterfront apartments at this price point typically generate gross rental yields of 6% to 8%, supported by tourism-driven short-term rental demand and limited completed supply. The combination of competitive entry costs, capital appreciation momentum and a zero-tax environment makes this segment attractive for international investors.

Yes. Foreign nationals of any nationality can purchase freehold property in designated zones including Al Marjan Island, Mina Al Arab, Al Hamra Village and Al Mairid. Freehold ownership grants full rights to sell, lease or hold the property. Title registration is handled through the Ras Al Khaimah Land Department. No UAE residence visa is required to purchase.

Ras Al Khaimah applies a one-time property transfer fee of 4% of the purchase price, payable to the RAK Land Department at registration. There is no annual property tax, no rental income tax and no capital gains tax. Annual service charges vary by project. The overall transaction cost structure is comparable to Dubai and competitive within the region.

Gross rental yields for apartments in Ras Al Khaimah averaged 5,3% in 2025. Branded and fully furnished waterfront studios and one-bedroom apartments in prime locations typically perform at the upper end of the 6% to 8% range. Yields depend on location, building quality, furnishing level and management model. Branded studios benefit from long-term and holiday rental demand, particularly on Al Marjan Island where the Wynn resort is expanding the short-term rental market.

The Wynn Al Marjan Island casino resort, scheduled to open in early 2027, will include over 1,500 hotel rooms and dining and entertainment venues. Its construction has already contributed to significant year-on-year price growth on Al Marjan Island. Mira Developments' Gianfranco Ferré Residences and Mira Coral Bay stand to benefit from increased visitor traffic, employment generation and the area’s rising international profile. The resort is expected to create sustained demand for both short-term holiday rentals and longer-term tenancies from hospitality sector workers.

Branded residences are developed in partnership with internationally recognised design or lifestyle brands and delivered fully furnished to the brand’s specification. Mira Developments offers Gianfranco Ferré Residences with interiors by Gianfranco Ferré Home and Mira Coral Bay with interiors by multiple international design houses. Both projects include hotel-style services and are turnkey at handover. Non-branded developments may offer lower entry prices but typically lack the furniture package, concierge services and brand recognition that drive premium tenant demand. Branded properties consistently command higher rents, better occupancy and stronger resale performance.

Yes. Purchasing property valued at AED 750,000 or more qualifies the buyer for a renewable UAE residence visa. The 10-year Golden Visa requires a minimum investment of AED 2 million. Investors who expand their RAK portfolio above AED 2 million in aggregate may be eligible for the Golden Visa based on cumulative holdings.

Yes. The emirate’s growing tourism infrastructure supports a viable short-term rental market, particularly on Al Marjan Island and along the wider coastline. Ras Al Khaimah recorded approximately 1.36 million overnight visitors in 2025, with hotel occupancy and revenue per room both increasing year-on-year. Branded, fully furnished residences from Mira Developments are well suited for holiday letting — turnkey condition, hotel-style services and waterfront positioning. The opening of Wynn Al Marjan Island in early 2027 is expected to increase visitor volumes further.

For investors under AED 2 million, Ras Al Khaimah offers a materially different proposition to Dubai. Entry prices for branded waterfront residences in RAK are approximately 30% to 50% below comparable products in Dubai’s coastal zones. Gross rental yields in RAK typically exceed those in Dubai at this price level. Capital appreciation has been strong in percentage terms during recent years, though the market operates on a smaller transaction base than Dubai. The market is earlier in its growth cycle, with supply still limited relative to projected demand. RAK is a less liquid market with a shorter track record, better suited to medium- to long-term holding strategies.