RAK economy set to grow
Owners of property in Ras Al Khaimah (RAK) could benefit from continuing economic growth in the region.
According to Sheikh Saud Bin Saqr Al Qasimi, crown prince and deputy ruler of the emirate, the economy could expand by as much as 18% this year.
This is because RAK is currently undergoing major development, such as the creation of a new rail network in the area.
The rapid transit system will be linked to the national network, thereby opening up other parts of the United Arab Emirates to consumers and businesses.
Sheikh Saud described this as one of the "grand plans" which is intended to stimulate economic growth over the next few years.
He commented: "Tourism, industry and services will remain at the centre of our economic gameplan as we diversify the economy."
This comes after the United Arab Emirates was rated eighth in Jet-to-Let magazine's list of this year's top 10 property investment markets.
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