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’
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55-storey residential tower in Downtown Dubai
2 min
Fairmont Hotels & Resorts, a world-renowned luxury hotel brand within the Accor group, has partnered with UAE-based developer Sol Properties to unveil a prestigious residential development in Downtown Dubai, setting new standards in luxury real estate.
The 55-storey Fairmont Residences Solara Tower, the latest addition to Downtown Dubai’s skyline, offers breathtaking views of both the Burj Khalifa and the Dubai Fountain. Construction is currently in progress, with the project slated for completion by the third quarter of 2027.
This development seamlessly integrates Fairmont’s esteemed brand standards in luxury hospitality with Sol Properties‘ extensive expertise in high-end real estate, establishing new benchmarks in urban living. The residences feature meticulously designed spaces, blending elegance with timeless opulence.
Offering a range of spacious layouts and state-of-the-art amenities, these residences epitomize modern luxury living. Expansive terraces provide residents with stunning views of the Burj Khalifa and the iconic Dubai Fountain.
“We at Sol Properties and Fairmont Hotels & Resorts are elated to provide a completely new standard of luxury living in Downtown Dubai,” said its Founder and CEO Ajay Bhatia.
“Our goal is to provide residents with exclusive amenities and personalized services, thereby setting a new precedent for comfort and convenience for end users,” he stated.
“By combining Fairmont’s exceptional hospitality services with our integrated residential environment and attention to quality, this project is certain to offer residents unmatched lifestyle experiences,” he added.
Combining Fairmont’s exceptional hospitality services with Sol Properties’ commitment to quality, this project promises unparalleled lifestyle experiences. The residential development caters to the evolving needs of urban homeowners with a suite of premium amenities and services. Fairmont Solara Tower uniquely stands out by offering private swimming pools in selected apartments.
Residents will have exclusive access to a range of integrated amenities, including gourmet restaurants, fitness centers, and wellness facilities, providing a resort-like experience within their own homes.
Fairmont’s Global Chief Operating Officer Sami Nasser expressed excitement about adding this new branded residence to the Fairmont portfolio. “We are confident that our expertise in the field of luxury hospitality combined with our pioneer approach to residential projects will allow us to redefine the landscape of luxury residences in Dubai and the broader region,” he noted.
The project exemplifies the ongoing expansion and appeal of luxury living in Dubai, especially with the luxury residential real estate market projected to grow by more than 8% by 2029.
“Additonally, the project will redefine the concept of luxury residences with Dubai’s strategic location and investor-friendly regulations, which attract high-net-worth individuals and investors seeking to diversify their portfolios,” said Nasser.
Fairmont Residences Solara Tower Dubai joins a prestigious portfolio of 16 Fairmont-branded residences, with 22 more projects in the pipeline.
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
