Ras Al Khaimah - The New Dubai

When most people think of the United Arab Emirates, Dubai right away comes to brain, but according to overseas property specialists, another Emirate is on course to imitate Dubai's achievement. Just forty five minutes drive north of Dubai, Ras Al Khaimah (RAK) is rising in popularity due to its low land costs, tax reimbursement, charming scenery and commutable distance to Dubai.

Economic intensification and diversification of the Emirate is touching at an extremely speedy pace with the Ras Al Khaimah Speculation Authority (RAKIA) alone having invested over $408m in local projects and has paying attention over $950m in outside investment since 2004. Since 2000, some $25 billion of household and overseas investment has poured into RAK; but unlike the neighboring emirates, RAK is not oil dependent so its industries are here to stay.