Al Hamra: purchase & sale of apartments and villas

The Al Hamra district of Ras Al Khaimah is probably not the best known in the Emirate. However, it is increasingly popular with real estate investors, who are generally won over by its excellent location to the north of Dubai, along the Persian Gulf. Just a few minutes away, you'll find other particularly popular residential districts, such as Al Riffa and Mina Al Arab, with prices that are sometimes much higher, for similar surface area and quality of accommodation (but also the services offered).

In the rest of this guide, our real estate experts tell you everything you need to know about this district of Al Hamra, an option definitely not to be ruled out if you want to invest in real estate in Ras Al Khaimah and buy a studio or one- or multi-bedroom apartment.

The atmosphere of the Al Hamra district

Where is Al Hamra ?

The Al Hamra district is located in the Emirate of Ras Al Khaimah, facing the Persian Gulf. Although it's not central, the area is particularly well located, since in addition to facing the sea and being close to highly sought-after places such as Khalifa Bin Zayed City, it's a good 45 minutes from Dubai.

Population and diversity

The d\'Al Hamra district of Ras Al Khaimah is particularly well known for its numerous residences, consisting of apartments, villas and townhouses. These include the Ellington Views project by developer Ellington Properties. The area is particularly popular with working families and young couples looking to invest or settle down in a pleasant, well-connected neighborhood, offering more attractive prices than in Dubai, for example, where homes are often much more expensive for similar amenities.

The real estate market in Al Hamra

The Al Hamra district is in a state of flux. Particularly well located, real estate prices are more affordable here than in Dubai or in some of the most sought-after areas of the neighbouring Emirate (JVC, Dubai Marina...).

What are the prices of apartments in the Al Hamra district?

Do you want to invest in real estate in Ras Al Khaimah and buy an apartment in Al Hamra? Here's everything you need to know before taking the plunge.

Factors influencing prices

In this district of Al Hamra and throughout the United Arab Emirates, several factors can influence the price of a studio, apartment or villa. Firstly, its surface area. The larger the property, the more it will cost (although the price per m² may be lower). New homes are also more expensive than older ones. New residences, developed by Ras Al Khaimah's leading developers, may indeed feature studios, apartments or duplexes that will be quite expensive compared to units of the same size in older residences. There are several reasons for this:

• new homes are generally of better quality, using better materials
• New apartments in Ras Al Khaimah are built in residences that offer access to a whole range of exceptional services (private cinema, gym, swimming pool...).

Last but not least, access to amenities, public transport, international schools and even health centers should also be taken into account. The closer you are, the better, but this may also have an impact on selling prices.

Rent in Al Hamra

Would you like to buy an apartment in Al Hamra to rent out? Here's everything you need to know.

Average rent for an apartment

If you're thinking of investing in an apartment in Al Hamra, here's a rough average of the rents on offer.

• Studio: Studios in Al Hamra can vary in price, but in general you can expect to pay between AED 40,000 (approx. €10,000) and AED 60,000 (approx. €16,350) per year.
• One-bedroom apartments: One-bedroom apartments can cost between AED 60,000 (approx. €16,350) and AED 90,000 (approx. €24,500) a year.
• Two-bedroom apartments: Two-bedroom apartments can range from AED 80,000 (approx. €21,800) to AED 120,000 (approx. €32,700) per year.
• Three-bedroom apartment: Three-bedroom apartments can cost between AED 120,000 (approx. €32,700) and AED 180,000 (approx. €49,000) a year.

Once again, there are quite a few criteria to take into account when determining how much you could rent your property for. These are the same as when you bought your property: size, services, etc.