Ras Al Khaimah Property: 7 Beachfront Deals Driving Buzz This Month

REAL ESTATE4 hours ago

Ras Al Khaimah (RAK) is emerging as a prime real estate destination in June 2025, contributing to the UAE’s AED 893 billion ($243 billion) in 2024 transactions. RAK’s property market saw AED 15.08 billion in 2024, a 118% increase from prior years, driven by 7-11% rental yields and 18.5% apartment price growth.

With no personal income tax, 9% corporate tax (Federal Decree-Law No. 47 of 2022), and 5% VAT (Federal Decree-Law No. 8 of 2017), beachfront properties on Al Marjan Island and Mina Al Arab are attracting 45% foreign buyer demand, including Americans.

Below are seven beachfront deals launched or highlighted in June 2025, their investment potential, tax incentives, and actionable steps for compliance with Federal Tax Authority (CTA, renamed from FTA in 2024) regulations.

1. Fairmont Residences Al Marjan Island by Ardee Developments (Al Marjan Island)

Ras Al Khaimah: Launched June 2025, this project offers 523 luxury 1- to 6-bedroom apartments and townhouses starting at AED 2.49 million ($678,000), with a 60/40 payment plan and Q3 2028 handover. It yields 8-9%, near the upcoming Wynn Resort.
Why It’s Buzzworthy: Branded residences with Fairmont’s world-class service and sea views drive 15-25% appreciation by 2030, boosted by RAK’s 5.5 million projected tourists by 2028.
Tax Incentives: Qualifying Free Zone Persons (QFZPs) in RAKEZ enjoy 0% corporate tax, saving 9% (e.g., AED 27,000 on AED 300,000 rent). VAT-exempt leases save 5% (e.g., AED 15,000 on AED 300,000 rent).
Action: Establish a QFZP in RAKEZ, verify developer compliance with RAK Municipality, and consult CTA advisors for tax filings.

2. Gianfranco Ferré Residences by Mira Developments (Al Marjan Island)

Overview: Unveiled June 2025, this waterfront project offers 160 upscale apartments with Italian design, starting at AED 1.5 million ($408,000), with a 70/30 payment plan and Q4 2028 handover. It yields 7-9%.
Why It’s Buzzworthy: High-end amenities like concierge services and proximity to Wynn Resort attract luxury buyers, with 10-15% price growth projected.
Tax Incentives: VAT-exempt leases save 5% (e.g., AED 7,500 on AED 150,000 rent). Small investors (revenue below AED 3 million) qualify for 0% corporate tax until 2026.
Action: Confirm Mira Developments’ RAK Municipality registration, engage RERA-registered agents, and retain records for CTA audits.

3. Ola Residences by Lacasa (Al Marjan Island)

Overview: Launched June 2025, Ola Residences offers modern beachfront apartments starting at AED 1.2 million ($326,400), with a 60/40 payment plan and Q2 2028 handover. It yields 7-8%, minutes from the Wynn Resort.
Why It’s Buzzworthy: Limited units and contemporary design drive rapid sell-outs, with 8-12% appreciation by 2030 due to tourism growth.
Tax Incentives: VAT-exempt leases save 5% (e.g., AED 6,000 on AED 120,000 rent). Individual investors avoid 9% corporate tax on rental income.
Action: Verify Lacasa’s compliance with RAK Municipality, use RERA agents, and maintain seven-year records for CTA audits.

4. Rosso Bay Residences by Al Hamra Real Estate (Al Marjan Island)

Overview: Highlighted in June 2025, Rosso Bay offers 3- and 4-bedroom apartments starting at AED 2 million ($544,000), with a 70/30 payment plan and Q4 2026 handover. It yields 6-8%, with clear beachfront views.
Why It’s Buzzworthy: Spacious layouts and resort-style amenities cater to multi-generational living, with 50% premium for casino views boosting resale value.
Tax Incentives: VAT-exempt leases save 5% (e.g., AED 10,000 on AED 200,000 rent). U.S.-UAE DTA credits offset U.S. taxes via IRS Form 1118.
Action: File IRS Form 1118, engage RERA-registered brokers, and ensure AML/KYC compliance for high-value deals.

5. W Residences by Marriott International (Al Marjan Island)

Overview: Launched June 2025, W Residences offers luxury apartments with Arabian Gulf views, starting at AED 2.5 million ($680,000), with a 70/30 payment plan and Q3 2028 handover. It yields 8-9%.
Why It’s Buzzworthy: Branded residences opposite the Wynn Resort ensure high demand, with 10-15% higher appreciation than non-branded properties.
Tax Incentives: QFZPs in RAKEZ enjoy 0% corporate tax, saving 9% (e.g., AED 27,000 on AED 300,000 rent). VAT-exempt leases save 5% (e.g., AED 15,000 on AED 300,000 rent).
Action: Establish a QFZP, verify Marriott’s compliance with RAK Municipality, and consult CTA advisors.

6. Bay Residences by RAK Properties (Mina Al Arab, Hayat Island)

Overview: Promoted in June 2025, Bay Residences offers 1- to 3-bedroom apartments starting at AED 730,000 ($199,000), with a 60/40 payment plan and Q4 2025 handover. It yields 7-8%, with beachfront access.
Why It’s Buzzworthy: Affordable pricing (AED 796 per square foot) and Mina Al Arab’s amenities (Anantara Spa, beach clubs) drive 7.4% ROI, per Property Finder.
Tax Incentives: VAT-exempt leases save 5% (e.g., AED 4,000 on AED 80,000 rent). Small investors qualify for 0% corporate tax until 2026.
Action: Verify RAK Properties’ compliance, confirm Small Business Relief eligibility, and retain records for CTA audits.

7. Nikki Beach Residences by Aldar Properties (Al Marjan Island)

Overview: Launched June 2025, Nikki Beach Residences offers studio to 2-bedroom apartments starting at AED 900,000 ($244,800), with a 60/40 payment plan and Q4 2025 handover. It yields 7-8%, with private beach access.
Why It’s Buzzworthy: Branded lifestyle and proximity to Al Marjan’s entertainment hub drive 8-12% appreciation, appealing to young professionals and investors.
Tax Incentives: VAT-exempt leases save 5% (e.g., AED 4,500 on AED 90,000 rent). VAT-registered investors recover 5% input VAT on furnishing costs (e.g., AED 5,000 on AED 100,000).
Action: Confirm Aldar’s compliance with RAK Municipality, register for VAT if needed, and use RERA agents.

Why These Deals Matter

These beachfront deals align with RAK’s 118% transaction growth in 2024, driven by 5.5 million projected tourists, a 2.7% GDP growth forecast, and the $3.9 billion Wynn Resort opening in 2027. Freehold areas like Al Marjan Island and Mina Al Arab offer 100% foreign ownership, with prices 30-40% lower than Dubai (AED 745-1,200 per square foot vs. AED 2,000). Off-plan demand doubled in Q1 2025, per Property Finder, fueled by flexible payment plans and visa eligibility (AED 2 million).

Tax Tools for American Investors

U.S.-UAE DTA: Corporate investors credit UAE taxes against U.S. tax liability via IRS Form 1118, preserving 10-15% returns.
Zakat for Muslim Investors: Muslim Americans pay 2.5% Zakat on rental income (e.g., AED 2,000 on AED 80,000 rent), not property value. Consult Islamic scholars.
VAT Recovery: VAT-registered investors recover 5% input VAT on costs like fit-outs (e.g., AED 25,000 on AED 500,000).

Market Outlook and Challenges

June 2025 projects 5-15% price growth, with Al Marjan Island at 15-25%, but oversupply risks (210,000 UAE-wide units by 2026) and a potential 5-10% correction loom. Stricter AML/KYC rules and the DMTT’s 15% rate for multinationals increase costs. Non-compliance with CTA filings (nine-month corporate tax, 28-day VAT deadlines) risks penalties up to AED 10,000.

Conclusion

Fairmont Residences, Gianfranco Ferré Residences, Ola Residences, Rosso Bay Residences, W Residences, Bay Residences, and Nikki Beach Residences are seven beachfront deals driving buzz in RAK this June 2025.

Offering 6-9% yields, tax incentives like VAT exemptions and QFZP benefits, and proximity to the Wynn Resort, they provide American investors with high ROI potential. Compliance with RERA and CTA regulations ensures success in RAK’s vibrant market. Ras Al Khaimah