Dreaming of owning a home in the UAE—but overwhelmed by Dubai’s prices or pace? Then Ras Al Khaimah (RAK) might just be the ideal place for you. With its peaceful coastline, rising skyline, and investor-friendly property laws, RAK offers a perfect balance of tranquility and opportunity. Whether you’re seeking a smart investment or a serene lifestyle, RAK is welcoming foreigners with open arms.
So, can you actually buy property here as a non-resident?
Yes, you absolutely can.
Let’s explore everything you need to know if you’re a foreigner looking to buy property in Ras Al Khaimah.
RAK has quietly transformed into an investment hotspot. Here’s why investors and expats are paying attention:
Affordability: Property prices are significantly lower than in Dubai or Abu Dhabi.
Tourism Growth: RAK aims to attract over 3 million tourists annually by 2030.
High ROI: The growing demand for short-term rentals, especially in tourist areas, promises healthy rental yields.
Connectivity: Direct road links to Dubai and Sharjah, and upcoming expansion of RAK International Airport.
You own the property and the land it stands on. You can sell, lease, or pass it on to heirs. This is the most complete form of ownership and is available in specific zones.
You lease the property for a long-term period—usually 99 years—but don’t own the land. This structure is ideal for long-term usage without full ownership responsibility.
Because foreigners are allowed to own real estate in areas that have been specifically authorized, RAK is a desirable location for foreign investors. Because of its quick development of infrastructure and population, 2025 is actually the ideal year to invest in Ras Al Khaimah real estate. In RAK, some of the most well-liked freehold zones are as follows:
Explore some of these options on Ras Al Khaimah Property Page
Get personalised guidance from our RAK Property Expert
When purchasing real estate in Ras Al Khaimah, one important expense to budget for is the 4% registration fee, which is required to register the property in your name. As it is slightly lower than Dubai’s 4.5%, RAK is a more attractive option for investors.
In Ras Al Khaimah, the municipality charges a transfer fee, often ranging from 1% to 2% of the purchase price, whenever property ownership changes. This expense should be part of your overall budget and is distinct from the registration charge.
This fee, which can range from AED 1,000 to up to 2% of the sale price, is normally given to the developer, particularly for off-plan properties.
Yes, foreigners may apply for a mortgage in RAK to fund their purchase of real estate. Both domestic and foreign entities provide flexible-term mortgage options.
These associated expenses should be taken into account if you are applying for a mortgage:
Mortgage Registration Fee: A legal fee of 0.25% of the loan amount, plus an administrative charge of AED 290, is paid to the Land Department.
Bank Agreement Fee: Lenders charge a bank arrangement fee to process the loan; this fee usually ranges from 0% to 1% of the mortgage amount + VAT.
Valuation Fee: A property valuation, which typically costs between AED 2,500 and AED 3,500 plus 5% VAT, is necessary for loan approval.
It’s crucial to include these expenses in your financial planning from the beginning because they can mount up.
Determine the Property Type: Choose whether a freehold or leasehold property best fits your requirements and financial objectives.
Research & Shortlist: Select the neighborhood and kind of property that you like best. either apartments or villas
Hire a Real Estate Agent: An experienced agent can help you narrow down your alternatives, negotiate conditions, and walk you through the process.
Get Mortgage Pre-Approval: If you’re planning to buy with financing, getting pre-approved for a mortgage helps define your budget early on. It also shows sellers you’re a serious buyer and speeds up the process.
Sign an Agreement: Following your home selection, you will sign a formal contract that details the terms, conditions, and payment schedule.
Get Approvals and Complete Documentation: Get the required NOCs, make sure all rules are followed, and get all legal documentation ready.
Final Payment & Registration: Register the property with the RAK Land Department, pay the agreed-upon sum, and cover agency and registration expenses.
Get the Title Deed: After everything is finished, you become the legitimate owner when the final title deed is issued in your name.
Foreigners are fully allowed to purchase real estate in Ras Al Khaimah, and given the emirate’s growing investment potential, this is an excellent time to do so. RAK provides the perfect setting whether you’re wanting to purchase your first holiday property or develop a portfolio of rental properties.
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