Benefits

Main benefits for developers and investors

• Full mortgage ownership of purchased apartments
• 0% personal tax
• 0% income tax
• 100% ownership
• Lack of currency controls
• 100% repatriation of capital and profits
• 100% ready infrastructure
• 100% availability of public services
• Resident status received with the purchase of the apartment

 

FINANCIAL ASSUMPTIONS

Case study – 5 star hotel with 200 room keys manager by international hotel operator.

 

		Al Marjan Islan Ras Al Khaimah	Pal Jumeirah Dibaj	Saadiyat Island Abu Dhabi
ikonka	OCCUPANCY	72%	80%	72%
ikonka	ADR IN USD	223	371	252
ikonka	REV PAR IN USD	161	296	181
ikonka	LAND AQUISITION & CONSTRUCTION COST (000 USD)	78,610	117,302	81,880
ikonka	EQUITY IRR	16%	16,3%	13,7%

 

RAS AL KHAIMAH

TOURISM FACTS&FIGURES

 

Ras Al Khaimah has the aspiration to reach 1,1 milion visitors by 2019 and 3 milion visitors by 2025.

.

 

Passenger arrivals to Ras Al Khaimah grew by over 50% in 2016 The average lenght of stay increased by 4,1 % in 2016 Ras Al Khaimah requires additional 15,000 hotel keys by 2025 due to a strong leisure demand and growth in hospitality market in the emirate

Forecast of the hotel market pattern for the coming years