About Ras Al Khaimah

About RAK

As the northernmost of the UAE's seven emirates, Ras Al Khaimah covers an area of 650 square miles (1,684 km²) and is arguably the most scenic emirate. With 65 km Ras Al Khaimah boasts the second longest stretch of coastline in the emirates; offering endless white sandy beaches, picturesque mountains, untouched deserts and it is only a 45 minutes drive away from Dubai.

Ras Al Khaimah has witnessed massive development in the recent years and is now a modern emirate with international schools, hospitals and amenities. Among the most important of these endeavors is the establishment of the Ras Al Khaimah Free Trade Zone (RAKFTZ) and the Ras Al Khaimah Investment Authority (RAKIA) offering best rated business opportunities.

Booming Economy

Since 2000, US $ 25 billion of domestic and foreign investment has poured into Ras Al Khaimah. By the beginning of 2009, almost 8,000 companies had already registered with the RAKFTZ and the RAKIA, the largest, most effective and most environmentally friendly free zones in the Gulf Region.

RAK GDP growth has been more than 50% over the last four years and the rapidly growing emirate, riding a wave of massive inward investments, is expected to clock an annual growth rate of over 15% over the next few years. RAK GDP which stood at AED 7.1 billion in 2003 has grown to touch AED 11.97 billion in 2007.

RAKIA has been able to attract around US $ 2.5 billion in industrial investments to Ras Al Khaimah in the last three years and the emirate has recently been rated by the FDI Magazine of the Financial Times Group, London, as one of the Best Investment Destinations in the middle east.

Business and personal relocation to Ras Al Khaimah has been a popular choice for Dubai residents and non-UAE nationals looking for a relaxed pace of life, and a retreat from the city crowds, without missing out on all the trimmings of a five star emirate.

Capital & Rental Returns

Ras Al Khaimah does not only offer great value property, it also has great potential for strong capital gains and rental returns. Attracting a balanced mix of property buyers, those looking to permanently relocate, those wanting holiday homes and those looking to commute to the city, Ras Al Khaimah offers investors a stable rental market where yields can be reliably predicted and maintained.

RAK Main Statistik

Area: 650 square miles - 1684 km2
Coastline: 65 km
Highest peak: Jabel al Jais, 1.930 m
Capital: RAK City
Population: 231.000 (2008)
GDP: AED 11.97 billion - US $ 3.26 billion (2007)
Ruler: HH Sheikh Saud bin Saqr al Qasimi
Crown Prince: Sheikh Mohammed Bin Saud Bin Saqr Al Qasimi
Language: Arabic & English
Currency: Dirham (AED);
AED 3.67 = US $ 1 AED pegged to the US $
Local Time: GMT +4