Property in RAK recommended to investors
Overseas property buyers have been advised to consider potential investment opportunities in the United Arab Emirates (UAE).
According to the Independent, the Ras Al Khaimah (RAK) region is following in the footsteps of Dubai by becoming highly popular with foreign investors.
The newspaper said that until recently, RAK had been overshadowed by its neighbouring emirate, although it believes this has now changed.
This upturn of interest has been partially attributed to a recent building programme in the area, which has been designed to attract foreign investors, businesses and holidaymakers.
In addition, the Independent said planned accessibility improvements such as a high-speed rail link across the country are also giving the area a boost.
The newspaper commented: "With murmurs that Dubai is now overheated and overdeveloped, agents say RAK is offering a chance to get a foothold in the UAE at half the price."
This comes after the United Arab Emirates was rated eighth in Jet-to-Let magazine's list of this year's top 10 property investment markets.
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