How to Buy Property in Ras Al Khaimah from Russia: Complete Guide

Ras Al Khaimah (RAK) has emerged as a top destination for Russian property investors, offering unbeatable value just 45 minutes from Dubai. With new visa incentives and a booming tourism sector, here's your updated guide to navigating RAK's real estate market from Russia.

Market Update: Why Russians Are Investing Now

1. Record Price Growth

• Average prices up 18% since 2023 (RAK Real Estate Report)
• Still 40% more affordable than Dubai
• New waterfront projects driving premium demand

2. Enhanced Visa Options

• New 10-year Golden Visa for AED 2M+ investments
• Freelancer Visa for remote workers (minimum AED 300K property)
• Retirement Visa for buyers over 55 (AED 750K minimum)

3. Infrastructure Boom

• RAK International Airport expansion (new direct Moscow flights)
• Gulf Railway connection to Dubai completing Q3 2025
• Wynn Resort opening 2026 boosting tourism

Buying Process: Step-by-Step

1. New Payment Solutions for Russians

• RAK Bank USD accounts for Russian buyers
• Cryptocurrency acceptance at select developments
• Escrow protection mandatory for all off-plan purchases

2. Due Diligence Updates

• Blockchain title deeds now standard
• AI-powered property inspections available remotely
• New RAK Investor Portal for verification

3. Tax Considerations

• 0% corporate tax remains for property companies
• New 5% municipal fee on rentals (still no income tax)

Hotspots for Russian Buyers