Christie’s International Real Estate Expands to Ras al Khaimah City, UAE – A Growing Luxury Destination
Christie’s International Real Estate Expands to Ras al Khaimah City, UAE, Tapping into Growing Luxury Market
In an exciting development in the world of luxury real estate, Christie’s International Real Estate has announced its expansion to Ras al Khaimah City, one of the fastest-growing luxury destinations in the UAE. The new office, owned by managing partners Dinesh Chhatwani and Jackie Johns, who have been exclusive affiliates of Christie’s International Real Estate in Dubai since 2021, marks a significant move into the booming Ras al Khaimah market.
Located just 90 km northeast of Dubai’s city center, between the Persian Gulf and the Hajar Mountains, Ras al Khaimah City has quickly become a sought-after destination for UAE residents and international real estate buyers and investors. With a projected population increase of up to 60% by 2030 and record numbers of visitors in the first half of 2023, the city is on a trajectory of rapid growth.
Developers in Ras al Khaimah City are working tirelessly to meet the high demand for luxury properties. Several high-end hotels and branded residences are underway on Al Marjan Island, a set of connected manmade islands in the Persian Gulf. Projects like Nobu Al Marjan Island, Le Meridien property, Nikki Beach Residences, and the massive Wynn Al Marjan Island, a $3.9 billion “megaresort” set to open in 2027, showcase the city’s appeal to luxury investors and buyers.
What sets Ras al Khaimah City apart is its blend of affordable luxury, prime investment opportunities, and favorable legal frameworks for foreign nationals looking to purchase properties in the region. As the second emirate in the UAE to allow foreign freehold property ownership and the first to grant property rights to foreign nationals, Ras al Khaimah has positioned itself as a premier destination for international buyers and investors.
“The incredible momentum and untapped potential in Ras al Khaimah make this the perfect time for Christie’s International Real Estate to enter the market,” said Jackie Johns. “The area is poised to become a luxury real estate hub in the Middle East and has all the right ingredients for success, from stunning beaches and mountains to a convenient international airport and attractive incentives like the Golden visa program.”
Dinesh Chhatwani highlighted the growing interest in Ras al Khaimah City as a result of the limited availability of properties in Dubai. “As demand continues to surpass supply in Dubai, buyers are turning their attention to Ras al Khaimah, a city that offers similar luxury standards at lower prices and with less competition. It’s reminiscent of Dubai in its early days.”
With plans already in motion for exclusive representation of Falcon Island Beach Villas in Al Hamra Village, Christie’s International Real Estate is set to make a significant impact on the Ras al Khaimah luxury market. Their commitment to providing bespoke service, top-tier marketing, and a global network of buyers and sellers signals a new era of luxury real estate opportunities in the city.
Christie’s International Real Estate’s expansion into Ras al Khaimah is part of a larger trend of growth for the renowned brand. With recent expansions in London, Munich, Sydney, Los Angeles, the Swiss, French and Italian Alps, Caribbean islands, Miami, and other global locations, Christie’s International Real Estate continues to solidify its position as a market leader in luxury real estate.
The move to Ras al Khaimah City solidifies Christie’s International Real Estate’s reputation as a premier provider of luxury real estate services, offering unparalleled expertise and global reach to clients around the world. With a legacy of over 30 years in marketing high-value properties, the brand’s presence in Ras al Khaimah City marks an exciting new chapter in the luxury real estate market.
For more information about Christie’s International Real Estate Dubai, please visit their website.
