Property for Sale on Raha Island, RAK

Are you searching for a safe and sound real estate investment option, residency rights, or maybe just a serene life by the Persian Gulf? Well, Raha Island property purchase may just be your best option. Not only does it have remarkable architecture and facilities but is also home to residents because of its special geographical position near Dubai and other Emirates. This comprehensive Dxboffplan guide will tell you all you need to know before deciding to go for a Property for Sale on Raha Island.

Key Takeaways on Property for Sale on Raha Island, RAK

• Foreigners are allowed to own property freehold fully without time limits.
• Properties costing more than AED 750,000 can receive residency permits for UAE.
• Prices at Raha Island are nearly 30% cheaper than in the coastal areas of Dubai.
• Annual property taxes voided mean net earnings for the investors.
• You can find Raha Island apartments from 1 bedroom units to 3 or 4 ones with luxurious facilities.
• The property acquisition in Raha Island process is easy: select, check, sign the MOU, pay, register.
• The E11 road access in Raha Island provides fast communication with Dubai and the other Emirates.

Advantages of Investing in Raha Island

Raha Island is one of the most impressive projects developed by the UAE along its coastline and is now a golden real estate investment destination because of its many benefits, which include:

• 100% Foreign Ownership: foreigners may own real estate freely through Freehold ownership without any local partners or time limitation.
• Tax-Free Investment: There is no property or income tax charged, meaning higher net returns are generated.
• Competitive Prices: 30% lower than Dubai.
• Eligibility for UAE Residency for properties worth AED 750,000 or higher
• Safe and Family-Friendly Environment.
• Easy Access to Dubai and Other Emirates via E11 highway.
• World-Class Facilities & private beaches.

Apartments for Sale on Raha Island

Apartments here range from one-bedroom to penthouse suites. Major facilities include swimming pools outdoors, gyms, private parking spaces, and private beaches as well. The cost of apartments ranges from AED 650,000 upward, offering flexible payment terms for foreign investors. Ownership rights at zero fees and high ROI opportunities make buying apartments at Raha Island wise investments.

Ownership Rules and Regulations on Raha Island, Ras Al Khaimah

Foreign Nationals can purchase real estate on Raha Island through Freehold ownership, ensuring they entirely own both the land and property without any time limits. According to the laws governing Ras Al Khaimah, foreign investors, Iranians among them, have the right to invest in approved projects located in Freehold areas such as Raha Island and also have the right to lease, sell, or transfer ownership of this land or property.

Other additional costs associated include the cost of registration of property (around 4% of any property’s cost), transfer fees for title ownership, and maintenance fees charged annually. Another factor is that Ras Al Khaimah does not charge any annual fees for property ownership, thus making it even more alluring to invest on Raha Island. Additionally, buying real estate exceeding AED 750,000 may result in the investor and his or her family also getting residency status within UAE.

How to Buy Property on Raha Island, RAK

For one to have a safe and legitimate purchase of property on this island, one should comprehend the following procedure:

• Pick your property: Search credible projects in Raha Island and check ownership documents.
• Checking Developer Legitimacy and Status.
• Ensuring it is located within a Freehold area
• Sign Memorandum of Understanding (MOU): outlines understanding between buyer and seller.
• Payment of the Deposit: It should be roughly 10% of the property price.
• Official Property Registration at RAK Land Department
• Pay fees for property registration range between 4% of its value.
• Receive the property: Assume ownership after completion of registration

Documents Needed for Purchasing Properties in Raha Island

For purchasing property here on legal terms and successfully, the following documents should be presented when investing:

• Passport
• visa or residency card (if applicable)
• Proof of funds or bank statement
• Signed MOU (Memorandum of Understanding)
• Receiving initial payment
• Power of attorney (if applicable)
• National ID copy
• Payment Confirmation Form for Transfer Fees
• Bank approval letter (mortgage-based)

Final Words

A Property for Sale on Raha Island is where your investment goals meet luxurious lifestyle and beachside living all at once. With contemporary designs, international class facilities, and connectivity to Dubai and the Emirates at large, it is no surprise why foreign investors and international families find it attractive.

If you are thinking of investing in off-plan property at Raha Island or ready to take a bet on property prices in Ras Al Khaimah, now is your time to act. At Dxboffplan, we have many years of experience at your disposal to help you at every step to make your experience smooth and stress-free. We also give you completely free expert advice to select your preferred property according to your budget and lifestyle constraints.