Property Prices in Ras al-Khaimah, United Arab Emirates

Index Info
Price to Income Ratio: 6.71
Mortgage as Percentage of Income: 53.17%
Loan Affordability Index: 1.88
Price to Rent Ratio - City Centre: 21.53
Price to Rent Ratio - Outside of Centre: 10.59
Gross Rental Yield (City Centre): 4.64%
Gross Rental Yield (Outside of Centre): 9.44%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,907.65 AED 1,800.00-5,000.00
Apartment (1 bedroom) Outside of Centre 3,263.85 AED 2,800.00-5,000.00
Apartment (3 bedrooms) in City Centre 9,200.00 AED 6,500.00-45,000.00
Apartment (3 bedrooms) Outside of Centre 6,666.67 AED 5,000.00-10,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,701.92 AED 1,207.73-2,099.98
Price per Square Feet to Buy Apartment Outside of Centre 743.00 AED 600.00-929.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) 9,800.00 AED
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.00 5.00-5.00

These data are based on 67 entries in the past 18 months from 15 different contributors.
Last update: November 2024

Sources and References
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