RAS AL KHAIMAH
FAQ'S
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Can foreigners buy property in Ras Al Khaimah?
- Yes, foreigners can buy property in designated freehold and leasehold areas in RAK. These areas allow full ownership or long-term leases (typically up to 99 years) for expatriates and non-residents.
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What are freehold and leasehold zones in RAK?
- Freehold means full ownership of the property and the land it stands on.
Leasehold typically gives you property rights for a set period (e.g., 99 years) but not ownership of the land. RAK has several freehold zones where foreigners can invest, including Al Marjan Island, Mina Al Arab, and RAKEZ Free Zone. -
Is residency required to invest in RAK property?
- No, you do not need to be a resident of the UAE to invest in RAK. However, investing in property may qualify you for a residency visa, depending on the value and type of property.
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Does property investment in RAK qualify for a Golden Visa?
- Yes, investors who purchase property worth AED 2 million or more may be eligible for a 10-year UAE Golden Visa, provided they meet other criteria set by immigration authorities.
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Are there taxes on property income in RAK?
- No, the UAE does not levy personal income tax, so rental income is tax-free. However, if you are a tax resident in another country, you may need to declare it based on your local laws.