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Real Estate in ras al khaimah, UAE | Digital Nomad Exchange
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Real Estate in ras al khaimah, the UAE

By Betsy Burlingame

Last updated on Jun 16, 2024

Summary: People living in ras al khaimah, UAE offer advice about real estate. How do you find a home in ras al khaimah? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in ras al khaimah?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Ras Al Khaimah, UAE involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a studio apartment to a villa, depending on your needs and financial capacity. Next, you should research the different neighborhoods in Ras Al Khaimah to find one that suits your lifestyle and preferences. Some popular areas include Al Hamra Village, Mina Al Arab, and Al Marjan Island. Once you have a clear idea of what you're looking for, you can start your search. There are several online property portals that list available properties for rent or sale in Ras Al Khaimah. Websites like Bayut, Property Finder, and Dubizzle are popular choices. These websites allow you to filter your search based on location, property type, price range, and other factors. You can also hire a real estate agent to help you in your search. They can provide you with expert advice and guide you through the process of finding a home. Make sure to choose a reputable agent who is registered with the Real Estate Regulatory Agency (RERA) in the UAE. Once you've found a property you're interested in, arrange a viewing. This will give you a chance to inspect the property and ask any questions you may have. If you decide to proceed with the property, you'll need to negotiate the terms of the lease or purchase agreement. This will include the price, the duration of the lease (if renting), and any other conditions. Finally, once you've agreed on the terms, you'll need to sign the contract and make the necessary payments. This will typically include a security deposit and the first month's rent if you're renting, or a down payment if you're buying. Remember to also check the utilities setup. In some cases, you may need to set up your own utilities, while in others, they may be included in the rent. Lastly, ensure you have all the necessary documents for renting or buying a property in the UAE. This usually includes a copy of your passport, visa, and Emirates ID. Finding a place to live in Ras Al Khaimah, like in any other city, requires time and patience, but with careful planning and research, you can find a home that suits your needs and budget," said one expat who made the move to ras al khaimah.

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What is a typical expat home or apartment like in ras al khaimah?

"A typical expat home or apartment in Ras Al Khaimah, UAE, is often spacious and modern, with high-quality furnishings and fixtures. These homes usually come with a fully equipped kitchen, including modern appliances like a dishwasher, oven, and refrigerator. The living areas are often large and open, with plenty of natural light coming in through large windows. Many apartments also come with a balcony or terrace, offering stunning views of the city or the surrounding landscapes. Some homes may also have a small garden or outdoor space. The bedrooms are usually comfortable and well-sized, often with built-in wardrobes for storage. In terms of amenities, many expat homes in Ras Al Khaimah are part of larger residential complexes or communities. These often come with shared facilities like a swimming pool, gym, children's play area, and sometimes even a small supermarket or cafe. Security is typically high in these residential areas, with 24/7 security services and controlled access to the building or community. Parking spaces are usually provided for residents, either in a covered garage or an outdoor parking area. The location of these homes is also a key factor. Many are located close to international schools, shopping malls, hospitals, and other essential services, making them convenient for expats and their families. In terms of design, the architecture often blends traditional Arabic elements with contemporary styles. This can be seen in the use of arches, mosaic tiles, and intricate woodwork, alongside sleek lines and minimalist decor. Overall, a typical expat home in Ras Al Khaimah offers a comfortable and luxurious living experience, with all the conveniences and amenities needed for a high-quality lifestyle," explained one expat living in ras al khaimah, the UAE.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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What is the average cost of housing in ras al khaimah?

If you are thinking about moving to ras al khaimah, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Ras Al Khaimah, UAE, can vary greatly depending on the type and size of the property. For instance, a one-bedroom apartment in the city center may cost less than a larger property in a more upscale neighborhood. On average, rental prices for a one-bedroom apartment in the city center can range from affordable to moderately expensive, while larger, more luxurious properties can be quite costly. Buying property in Ras Al Khaimah also varies, with prices generally being quite high due to the desirable location and high demand. However, it's important to note that these are average costs and actual prices can fluctuate based on a variety of factors including location, property size, and market conditions," explained one person living in ras al khaimah, the UAE.

Should I buy or rent a home in ras al khaimah?

If you have not spent a lot of time in ras al khaimah, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Ras Al Khaimah, UAE, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Ras Al Khaimah for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide financial security in the future. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and maintenance expenses. It also requires a long-term commitment, as selling a home can take time and effort. On the other hand, renting a home in Ras Al Khaimah offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting allows you to move more easily if your circumstances change, and it often comes with fewer upfront costs. However, when you rent, your monthly payments do not contribute to building equity, and you may face annual rent increases. You also have less control over your living space, as you need the landlord's permission to make significant changes. In conclusion, both buying and renting have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," said one person in ras al khaimah.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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