Ras Al Khaimah Developer Offers UAE Residency With Purchase Of Properties

  • 1 year ago
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Real property developer Al Hamra has partnered with Ras Al Khaimah Economic Zone (RAKEZ) to provide a 12-12 months residency visa and a commercial enterprise license to buyers who buy a ready-to-move-in seafront or golfing-route view domestic in Al Hamra Village or Bab Al Bahr.

Along with the 12-12 months residency visa, buyers will even get hold of a commercial enterprise license, an extra companion visa, and a Flexi-table to behavior commercial enterprise.

A condo in Al Hamra Village and Bab Al Bahr placed withinside the emirate of Ras Al Khaimah begins offevolved at Dhs292,000. Investors could make the price over a five-12 months length with a 20 consistent with a cent premature price of the entire value.

Potential customers also can request a digital walk-via of the houses and groups of Al Hamra.

The developer says that the common inner charge of return (IRR) at Al Hamra is envisioned at up to eight consistent with a cent annually. It stated that buyers also can advantage of excessive condo values with Al Hamra being an in-call for the residential network which has perspectives of and smoothly get right of entry to an 18-hollow championship golfing route, a marina, and yacht club, clubhouse, the Al Hamra Mall, and comfort hotels.

The freehold domestic could be a hundred consistent with cent owned through the investor. These buyers stand to advantage from a hundred consistent with cent possession of the commercial enterprise, a hundred consistent with cent repatriation of capital and profits, no company tax, and 0 private tax.

“Ras Al Khaimah, named because the Gulf Tourism Capital for 2021 on the 5th annual assembly of tourism ministers of the Gulf Cooperation Council, is now the fastest-developing tourism and funding vacation spot withinside the region. The government’s institutional method has made the emirate a funding vacation spot of desire for SMEs and large businesses,” stated Benoy Kurien, Group CEO of Al Hamra.

“More than 38,000 organizations from a hundred nations representing over 50 industries already function in Ras Al Khaimah. With the release of our new bundle, we’re providing a tremendous possibility for buyers to buy into Al Hamra in addition to installing an organization beneath neath their commercial enterprise license. The new bundle goals to draw entrepreneurs, freelancers, experts and seniors, everyone trying to stay and paintings withinside the UAE.”

The neighboring emirate of Dubai additionally lately released a brand new residency program to permit foreign places faraway operating experts to relocate in conjunction with their households even as persevering with to paintings remotely for his or her foreign places employer

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