Property Prices in Ras al-Khaimah, United Arab Emirates

Index Info
Price to Income Ratio: 6.72
Mortgage as Percentage of Income: 53.18%
Loan Affordability Index: 1.88
Price to Rent Ratio - City Centre: 22.61
Price to Rent Ratio - Outside of Centre: 11.71
Gross Rental Yield (City Centre): 4.42%
Gross Rental Yield (Outside of Centre): 8.54%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 2,878.05 AED 1,800.00-5,000.00
Apartment (1 bedroom) Outside of Centre 3,633.63 AED 2,801.79-5,000.00
Apartment (3 bedrooms) in City Centre 7,666.67 AED 3,500.00-12,000.00
Apartment (3 bedrooms) Outside of Centre 7,666.67 AED 6,000.00-10,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 1,603.86 AED 1,207.73-1,999.98
Price per Square Feet to Buy Apartment Outside of Centre 929.02 AED
Salaries And Financing
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Average Monthly Net Salary (After Tax) 10,150.00 AED
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.00 3.50-6.00

These data are based on 43 entries in the past 18 months from 11 different contributors.
Last update: June 2024

Sources and References
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