Experts say that now is the best time to buy real estate in the region. They are experiencing “high demand” for real estate in the region from locals, expatriates and also investors from various countries. The real estate market in the region is currently attracting strong investor interest, according to industry experts.
The region, which is undergoing a “massive transformation”, has “huge potential” for property value appreciation in Ras Al Khaima over time, according to an APEX Real Estate official. “Despite the strong investor appeal, real estate prices could still rise,” said the head of the region at APEX Real Estate, adding that an upcoming major project will be a “major catalyst” for the market. “According to our experts, real estate buyers from all over the world are showing increasing interest.”
“We have noticed an increasing diversity in the buyer mix and now have agents from different countries,” said an APEX Real Estate employee. The head of APEX’s RAK division said that investors from various countries are also arriving, attracted by the region’s development plans. In addition, “the region is attracting increasing interest from investors from all over the world,” he said, adding that there is also “high demand” from residents of the region.
Industry experts also claim that the region offers investors affordable entry points compared to other locations and promises strong returns and value appreciation as the market continues to expand. “Property prices in Ras Al Khaima are “more attractive” compared to other areas,” according to a senior consultant. “This makes it attractive for both residents and investors looking for good value for money. The territory has taken measures to make it easier for foreigners to own real estate,” he added.
“In addition, there is a notable demand for larger properties in the premium segment,” he said, revealing that APEX Real Estate intends to expand its business in the region “to take advantage of” the projected growth.
