Buy 292K home, get 12-year visa + biz licence

Eudore R. Chand

DUBAI 15 December 2020: Own a home and 12-year residency and business licence in Ras Al Khaimah for as low as Dh292,000; making an upfront payment of only 20per cent.

Investors can choose from apartments, villas and townhouses in Bab Al Bahr and Al Hamra Village, two of Ras Al Khaimah’s most sought-after communities.

The integrated gated communities offer spectacular views of the Arabian Gulf or greens of Al Hamra Golf Club in Ras Al Khaimah.

The offer is from Al Hamra, the leading real estate developer, services provider and investment company in the Northern Emirates, in partnership with Ras Al Khaimah Economic Zone (Rakez).

As part of the package, investors will not only enjoy a 12-year UAE residency visa, a business licence to undertake any of the hundreds of business activities as per the investor’s choice, an additional partner visa and a flexi-desk with modern amenities to conduct business seamlessly, said an AlHamra statement.

Just 30 minutes from Dubai International Airport, Al Hamra Village and Bab Al Bahr are among the most sought-after residential neighbourhoods in the Ras Al Khaimah, admired for the scenic vistas of the Arabian Gulf, a Par 72, and for world-class lifestyle amenities including a 18-hole championship golf course, a vibrant marina and yacht club, Clubhouse, the Al Hamra Mall, and world-class luxury hotels.

An apartment in the Al Hamra Village and Bab Al Bahr starts at Dh292,000. Investors will also have the opportunity to make the payment over a five-year period with a 20% upfront payment of the total value. The freehold home will be 100 per cent owned by the investor.

Investors who are interested to explore what the destination has to offer from the comfort and safety of their own home, can request a virtual walk-through of the picturesque residences and communities of Al Hamra.

Long-term return on investment

The exceptional offer will also assure long-term return on investment with an average internal rate of return (IRR) at Al Hamra estimated at up to 8 per cent annually. They can also benefit from high rental values with Al Hamra being one of the in-demand residential communities renowned for its amenities, low service charges and competitive utility charges compared to any other emirate in the UAE.

In addition to the excellent quality of life in an extremely safe environment, investors who choose to set up a business in Ras Al Khaimah can take advantage of low cost of resources, modern infrastructure and state-of-the-art facilities.

Furthermore, they stand to benefit from 100 per cent ownership of the business, 100 per cent repatriation of capital and profits, no corporate tax and zero personal tax.

Benoy Kurien

Benoy Kurien, Group CEO of Al Hamra, said: “The UAE is among the top places to live and work in the region, in addition to being ranked as one of the world’s most-preferred tourist destinations. With its vibrant expatriate community, which makes up around 80 per cent of the population, international investors feel instantly at home in the UAE. Further, the nation’s strategic geographical location, government support programmes, policy reforms, and infrastructure offers attractive opportunities for entrepreneurship and business growth.

“Ras Al Khaimah, named as the Gulf Tourism Capital for 2021 at the fifth annual meeting of tourism ministers of the Gulf Cooperation Council, is now the fastest-growing tourism and investment destination in the region. The government’s institutional approach has made the Emirate an investment destination of choice for SMEs and big businesses. More than 38,000 companies from 100 countries representing over 50 industries already operate in Ras Al Khaimah. With the launch of our new package, we are offering an extraordinary opportunity for investors to buy-into Al Hamra as well as set up a company under their own business licence. The new package aims to attract entrepreneurs, freelancers, consultants and seniors, anyone looking to live and work in the UAE,” he added.

The recent Gulf Tourism Capital award is a testament to Ras Al Khaimah’s early and sustained action to curb the spread of the Covid-19 pandemic, resulting in global recognition as a safe destination for travel and tourism. In addition to its natural beauty and world-class experiences and attractions, Ras Al Khaimah also offers a competitive business environment.

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