UAE Real Estate Insights: Ideal Time for Property Investment in Ras Al Khaimah
According to the Experts, the latest economic growth in Ras Al Khaimah signals a prime opportunity for investors looking for substantial returns.
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After reviewing the market trends, the real estate industry experts suggest that now is the best time for investors to buy and invest in the real estate in Ras Al Khaimah, anticipating a significant rise in property values as the market experiences rapid expansion fueled by diverse investments.
Specialists also point out that property prices in Ras Al Khaimah, which are already high, are set to rise even further, and the emirate is gearing up to draw significant foreign investments in the next year, especially with the Wynn casino announcement acting as a major catalyst for attracting numerous investors and initiating new projects. This momentum builds on an exceptional year of business and foreign investment seen in 2023.
In addition, they mentioned that the region has seen remarkable growth in recent years, and now presents the prime time for property acquisition. And with the ongoing development, property values are set to rise, offering investors the chance to maximize real estate returns.
They also expect the emirate to become a sought-after location for secondary “vacation” homes among residents of Dubai and Abu Dhabi and foresees a boom in commercial real estate as more companies consider relocation.
The rising rents in Dubai are prompting people to relocate northward for a better lifestyle, a trend will significantly contribute to market growth, along with the ongoing transformation of the city.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
This collaboration will extend into the fourth phase of Azizi’s Riviera project in MBR City, with Cummins supplying top-tier power generators.
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Azizi Developments, a prominent private developer in the UAE, and Cummins Inc., a global leader in power solutions design, manufacturing, distribution, and supply, are extending their partnership into the fourth phase of the large-scale Riviera project. Cummins, known for its diverse range of products including diesel, natural gas, electric, and hybrid powertrains, as well as powertrain-related components, like filtration, after-treatment, turbochargers, fuel systems, control systems, air handling systems, automated transmissions, electric power generation systems, batteries, hydrogen generation, and fuel cell products. The manufacturer is globally renowned for its excellence in both innovation and sustainability.
Mr. Farhad Azizi, CEO of Azizi Developments, said: “As we continue our collaboration with Cummins Inc. for the fourth phase of our flagship project, Riviera, we reaffirm our commitment to procuring and utilizing only the highest quality materials. This partnership highlights our dedication to providing exceptional lifestyles for our investors and end-users through the careful selection of premium components. We are confident that our now-broadened alliance with Cummins Inc. will help in maintaining the high standards established for Riviera and further elevate the benchmarks of quality and excellence.”
Riviera is part of Azizi Developments’ award-winning portfolio. It is a stylish waterfront lifestyle destination that comprises 75 mid- and high-rise buildings with approximately 16,000 residences.
Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art, but also about a certain ‘joie de vivre’ — a celebration of life, an exultation of spirit, Riviera represents a new landmark destination that is both residential and commercial, with an abundance of retail space. Riviera features three districts: an extensive retail boulevard, a lagoon walk on the shores of its 2.7 km-long swimmable crystal lagoon with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space.
With its strategic location near the upcoming Meydan One Mall and the Meydan Racecourse — home of the Dubai World Cup — as well as Dubai’s most noteworthy points of interest, Riviera represents one of Azizi Developments’ most coveted projects.
Azizi Developments’ Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
