Question 1

Can I rent out my property after the purchase?

Accepted Answer

Yes. Property can be given on short-term or long-term rent and can yield a rental income of around 8–10% per year.

Question 2

Can off-plan property can be purchased in Al Mairid.

Accepted Answer

Yes. You can buy off-plan properties directly from the developers in Al Mairid under Freehold or Leasehold ownership, either.

Question 3

Does the buyer have to be present in Ras Al Khaimah in person in order to register the transaction?

Accepted Answer

Yes, the buyer's attorney or power of attorney can register on behalf of the buyer, if necessary.

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