The property market in Ras Al Khaimah has shown robust growth and resilience to the volatility found elsewhere in the UAE, and is set to benefit from a fresh injection of investment. More than Dh4bn ($1.1bn) is being spent on new housing schemes that will come onto the market by 2017.
The retail landscape in Ras Al Khaimah is set for a period of expansion, renewal and rejuvenation. In 2015 the oldest shopping mall in the emirate announced plans to double in size within 12 months, and new outlets opened in a water-front retail complex in the centre of the city. With these developments, the range of brands, food outlets and...
The real estate rental market provides fascinating insights into Ras Al Khaimah’s evolving relationship with the other emirates. While the price cycle from 2008 to 2014 may have tracked the fortunes of other UAE markets in some respects, in other ways RAK stands apart, with its own identity and offerings.
A factory that will turn used plastic bottles into 100 tonnes a day of fibres to be used for blankets, fleeces and car upholstery opened in Ras Al Khaimah in 2015, following a $100m investment by Asian Fibres, a company that plans to employ 600 staff at its new works.
Regulatory changes in the UAE’s banking and insurance industries have picked up in recent years. In the banking sector, new regulations in line with Basel III standards are set to stabilise and protect banks, setting new capital and liquidity standards, while changes to the insurance sector are to limit investment losses in the UAE’s equities...
The success of the suburban seaside communities that have sprung up in Al Jazirah Al Hamra, to the south of Ras Al Khaimah City, has given real estate developers an appetite for new housing schemes. Hundreds of homes are currently being built both at Mina Al Arab and Al Hamra, while on the Al Marjan Islands development new waterfront...
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