Property Prices in Ras al-Khaimah, United Arab Emirates

Index Info
Price to Income Ratio: 4.31
Mortgage as Percentage of Income: 32.52%
Loan Affordability Index: 3.08
Price to Rent Ratio - City Centre: 5.85
Price to Rent Ratio - Outside of Centre: 6.78
Gross Rental Yield (City Centre): 17.09%
Gross Rental Yield (Outside of Centre): 14.76%
Rent Per Month
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Apartment (1 bedroom) in City Centre 4,714.29 AED 2,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 2,233.33 AED 1,500.00-3,000.00
Apartment (3 bedrooms) in City Centre 12,800.00 AED 3,000.00-45,000.00
Apartment (3 bedrooms) Outside of Centre 5,700.00 AED 2,500.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 687.14 AED 557.41-929.02
Price per Square Feet to Buy Apartment Outside of Centre 364.41 AED 350.00-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,570.61 AED
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.44 4.11-5.00

These data are based on 49 entries in the past 18 months from 10 different contributors.
Last update: December 2020

Sources and References
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