Profitable Investment Real Estate For Sale 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.
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
How to buy, sell or rent properties in United Arab Emirates: