Foreclosed and Distressed Investment Properties in Ras Al-Khaimah, UAE
The Emirate of Ras Al-Khaimah UAE, often abbreviated RAK, is one of the seven emirates of the United Arab Emirates (UAE), located in the northern part of the country, and sits along the Arabian Gulf, about 45 minutes to 1 hour from Dubai by car
Known for its mountains, beaches, and laid-back lifestyle, RAK has become one of the UAE's fastest-growing real estate and tourism destinations, Ras Al-Khaimah has borders with Oman and the emirates of Fujairah, Umm Al-Quwain, and Sharjah.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
How to buy, sell or rent properties in United Arab Emirates: