Christie’s International Real Estate Singapore has announced a collaboration with Al Hamra to offer exclusive investment opportunities in Ras Al Khaimah (RAK), United Arab Emirates. The initiative aims to attract Singapore-based investors to RAK, which is emerging as a prime real estate destination with projects like the SGD 6.5 billion Wynn Al Marjan Island resort, expected to open in 2027.
RAK’s transformation is reminiscent of Singapore’s own development following the launch of Marina Bay Sands and Resorts World Sentosa. The Wynn Al Marjan Island is projected to increase annual visitors from 1.5 million in 2022 to over 5.5 million by 2030, significantly boosting the local economy and real estate demand.
RAK offers a stable investment environment with an ‘A+’ sovereign credit rating, full foreign ownership rights, and no personal income tax. Property prices start at approximately SGD 500,000, with investments of SGD 700,000 qualifying for a 10-year renewable UAE Golden Visa. This visa provides long-term residency benefits, making RAK an attractive option for investors.
Harmeet Singh Bedi, Co-Founder of Christie’s International Real Estate Singapore, highlighted RAK’s potential, stating, “Ras Al Khaimah feels like what Dubai was 20 years ago, or Singapore in its early transformation phase.” The partnership with Al Hamra, a key player in RAK’s development, further strengthens this investment opportunity.
Christopher Hewett, Senior Vice President of Al Hamra, noted the growing international interest in RAK, driven by its natural beauty and thriving business environment. With over 30,000 new businesses established last year, RAK is poised for significant growth, offering early investors a unique opportunity to enter a burgeoning market.
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