Lately, Ras Al Khaimah has gained global attention and established its strong presence in the real estate market. It has also garnered the tenants’ attention, thanks to its diverse property offerings and comfortable lifestyle. But what things should you consider when renting in RAK? From budget to location, you must keep an eye on everything.
Many prefer to rent a home in the Emirates due to its budget-friendly options and beachfront living experience. However, there are some crucial things to consider when renting a property in RAK. To cater to this, here’s a quick checklist, highlighting all the essentials.
Things to Consider When Renting Property in RAK
While renting a property in Ras Al Khaimah, one must consider some of the critical factors beforehand. They include:
1. Consider Location
The location and surroundings of your residence significantly influence your decision to rent or buy a property. When renting in RAK, you must assess the following factors regarding the location:
- The distance from your residence to your workplace must be shorter.
- The chosen community must have wide roads to avoid traffic congestion.
- Your chosen neighbourhood must also be family-friendly.
- All the essential amenities and facilities must be at a shorter distance, including:
- Educational Institutes
- Healthcare Facilities
- Public Transportation
- Gyms
- Parks
- Grocery Stores
- Shopping Malls
- Restaurants
- Gyms
- Sports Facilities
2. Property Type and Size
Choosing the type that best suits your requirements is crucial when searching for a rental property. Here are available properties for rent in RAK.
| Property Type | Rental Price Range (AED/year) |
| Apartment | 10K to 130K |
| Duplexes | 40K to 330K |
| Hotel Apartments | 35K to 200K |
| Villas | 17K to 855K |
| Townhouses | 38K to 390K |
| Compounds | 15K to 85K |
| Penthouses | 36K to 180K |
3. Legal Understanding
Similar to all the emirates, Ras Al Khaimah also has rental laws. For instance, tenants must register their tenancy contracts online. This registration is mandatory to renew the contract before specified deadlines and abide by the terms and conditions.
If the tenant doesn’t do so, it may result in fines and sometimes eviction. This online registration process ensures compliance with tenancy regulations. For the complete process of how to register tenancy contacts in RAK, check out the Property Finder Blog.
4. Budgeting
Renting in Ras Al Khaimah is generally more budget-friendly than other Emirates in UAE. You must prioritise budgeting when choosing a property by:
- Considering average rental prices and location.
- Factoring in the security deposit and one or two months’ rent per the landlords’ conditions.
- Consider utilities like electricity, water and internet in your monthly budget.
- Ask about additional maintenance or waste collection charges before signing the lease agreement.
5. Transportation Accessibility
When choosing a rental property in RAK, consider its accessibility and available transportation options. This includes proximity to main highways, public transportation systems and key destinations.
Whether you prefer personal, public or eco-friendly transportation, ensure the property has easy access to your desired locations. By prioritising easy transportation accessibility, you can significantly reduce commuting times and enhance the convenience of your daily life.
Tips for Renting in RAK
The following are the tips for finding an ideal rental property in RAK before signing the tenancy contract:
- Contact and hire an experienced real estate agent for a smooth renting process.
- Read the contract thoroughly to understand the terms and conditions.
- Communicate with the landlord to avoid misunderstandings.
- Understand your tenancy rights before signing the documents.
- Negotiate rent with your landlord.
- Schedule property inspection to identify potential issues.
FAQs
Ras Al Khaimah (RAK) attracts global investors due to its stunning natural landscapes and growing business environment. RAK properties value its strategic benefits, supportive business climate and strong growth potential, which make it worth buying.
Renting a property can benefit you in the short term. However, after two years, buying becomes better than renting. You can also check out the new rent vs buy calculator from Property Finder to make a better decision.
Ras Al Khaimah is known for its diverse topography, including the
– Hajar Mountains
– Sand Dunes
– 64 Km Of Beaches
– Adventure Tourism
– A Stable Economy
– Independent Government Branches
The following are some of the best places to live in RAK:
– Mina Al Arab
– Al Hamra Village
– Al Marjan Island
Living in Ras Al Khaimah is a budget-friendly option for buying and renting a property. However, you must know all the things to consider when renting a property in RAK for a smooth tenancy process.
Meanwhile, here are the best movers and packers in Ras Al Khaimah who can simplify home relocation. For more rental guides, check out the Property Finder Blog.
