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Pacific, Al Marjan Island courtyard

About Ras Al-Khaimah

 

The furthest north of the UAE's seven Emirates, Ras Al-Khaimah covers an area of 656 square miles and is arguably the most scenic Emirate. Ras Al-Khaimah boasts the longest stretch of coastline in the Emirates offering miles of white sandy coastline, untouched beaches and picturesque mountains. Three free-flowing dual-carriageways link Ras Al-Khaimah with the other Emirates and the newly expanded 'Emirates Highway' has reduced the journey from Ras Al-Khaimah to Dubai International Airport to only 45 minutes.

Ras Al-Khaimah has witnessed massive development in recent years and is now a modern Emirate with international schools, hospitals and amenities. Recently, Ras Al-Khaimah began an ambitious phase of development including investments in infrastructure improvement, tourism, property, shopping, and efforts to attract industrial and commercial enterprises. Among the most important of these endeavours is the establishment of the Ras Al-Khaimah Free Trade Zone (FTZ).

Since 2000, $25 billion of domestic and foreign investment has poured into Ras Al-Khaimah. By 2006, 2,400 companies had already registered with the FTZ, the largest, most effective and most environmental friendly free zone in the Gulf Region.

 

Tourism in Ras Al-Khaimah

 

With world class infrastructure, a tax-free environment and all the facilities you expect from the world class United Arab Emirates, Ras Al-Khaimah is attracting tourists from around the world and the Emirates. Tourism figures rose 219% between 2005 and 2006.

Following Dubai's lead of offering world-class attractions, Ras Al-Khaimah will play host to some fascinating developments and the multi-billion-dollar Desert Snow Village, set to target 15 million visitors annually. The Emirate is also constructing WOW RAK, a $200 million theme park project with the largest man-made waterfall in the world.

Ras Al-Khaimah's calm turquoise waters provide the ideal setting for a range of water-sports, including sailing, scuba-diving, water skiing and jet skiing. For those who prefer dry land, activities such as karting, mountaineering, biking and trekking are also on offer.

At the heart of Ras Al Khimah, only 27km southwest of Ras Al-Khaimah town centre are the Al Marjan Islands, the first man-made island project to be developed in the Emirate. The Al Marjan Islands comprises five man-made coral-shaped islands, covering over 2.7 million m2, and is designed for residents and holiday makers. Home to a world class marina and marina village, Al Marjan Island will boast a water theme park to rival any in the Emirates.

 

Industry Boom

 

Ras Al-Khaimah’s main industry export is Concrete, Ceramics and Pharmaceuticals. RAK Ceramics is the largest ceramics producer in the world, exporting to 135 countries on five continents and providing developments in the local are with quality, cost effective building supplies, thus keeping building and development costs lower than its neighbours.

 

The Emirate is also the base for some India’s biggest multinational companies leading players such as Ashok Leyland, JBF Industries and Dabur have all established  manufacturing bases in RAK and the Emirate provided a scenic backdrop for five Bollywood movies in 2006 and many production teams have set up permanent bases in the emirate.

Business and personal relocation to Ras Al-Khaimah has been a popular choice for Dubai residents and non-UAE nationals looking for a relaxed pace of life, and a retreat from the city crowds, without missing out on all the trimmings of a five star Emirate. With a rapid acceleration in tourism and re-location property, the demand for accommodation is raising both annual rental yields and capital appreciation.



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