Property Prices in Ras al-Khaimah, United Arab Emirates

Index Info
Price to Income Ratio: 5.83
Mortgage as Percentage of Income: 46.14%
Loan Affordability Index: 2.17
Price to Rent Ratio - City Centre: 11.97
Price to Rent Ratio - Outside of Centre: 10.50
Gross Rental Yield (City Centre): 8.35%
Gross Rental Yield (Outside of Centre): 9.52%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,637.08 AED 1,800.00-5,000.00
Apartment (1 bedroom) Outside of Centre 2,853.61 AED 2,000.00-4,000.00
Apartment (3 bedrooms) in City Centre 11,808.25 AED 7,000.00-16,000.00
Apartment (3 bedrooms) Outside of Centre 5,943.52 AED 3,000.00-10,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,068.38 AED 929.02-1,207.73
Price per Square Feet to Buy Apartment Outside of Centre 650.32 AED 371.61-929.02
Salaries And Financing
Average Monthly Net Salary (After Tax) 7,937.76 AED
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.00 3.50-6.00

These data are based on 49 entries in the past 18 months from 11 different contributors.
Last update: May 2023

Sources and References
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