Buying Property

Yes. Property purchases can be facilitated using Bitcoin and other accepted cryptocurrencies through established, authorized third-party trust and settlement companies.

RAKcompare and OBG Real Estate do not receive or process cryptocurrency directly. Instead, the transaction is handled by specialist providers that manage the crypto conversion, compliance checks, source-of-funds verification, and settlement of the property purchase in the required currency.

We have worked with trusted providers in this space for many years and can introduce buyers to the appropriate company when required. This allows international crypto investors to complete a property purchase through a structured and compliant process while keeping the cryptocurrency transaction separate from the real estate agency.

Yes. Al Marjan Island is a freehold zone permitting 100% foreign ownership. International buyers can purchase apartments, townhouses, villas and branded residences without restrictions on nationality. Ownership is full and permanent, with rights to lease or resell.

No, you don't need to be physically present in Ras Al Khaimah to purchase an off-plan unit.

For direct off-plan purchases from developers, the process is straightforward and RAKcompare will handle all procedures on your behalf remotely.

For secondary market off-plan properties, you have two options:

• Be present in person to complete the transaction
• Appoint a Power of Attorney (POA) who can handle the procedures on your behalf

Important: You can grant a specific Power of Attorney that authorizes your representative to purchase property only, without giving them the authority to sell. This protects your interests while allowing the transaction to proceed smoothly.

You will typically be required to provide the following documentation: A valid passport copy with address from your home country, email and phone number for each buyer in case of joint ownership. UAE Emirates ID (for residents). In addition, all buyers must complete a Know Your Customer (KYC) process, which involves submitting personal details and declaring the source of funds.

To purchase a property on the secondary market, you will typically require a clear colored copy of your passport. In the case of joint ownership, the second party’s documents will also be required. Basic details such as your residential address, email address, and contact number must also be provided. If you are a UAE resident, a copy of your Emirates ID will additionally be required.

Once the initial documentation is submitted, a KYC (Know Your Customer) form must be completed, which requests personal information along with details regarding the source of funds.

Entry-level studio and one-bedroom apartments on Al Marjan Island are currently priced from approximately AED 1,200,000 (around USD 327,000) for a studio, and from approximately AED 1,800,000 (around USD 495,000) for a one-bedroom unit.

More affordable options can be found on RAKcompare for projects on the Beachfront and Hamra Village locations just outside Marjan Island.

A range of flexible payment plans are available to suit different investment profiles. RAKcompare provides detailed, side-by-side comparisons across multiple projects, helping you evaluate key factors such as price, size, layout, and value, so you can make a more informed decision.

A cash purchase directly from the developer is typically a straightforward and efficient process. Initially, a reservation deposit is paid, following which the buyer receives a reservation form and KYC documentation to complete and return. In most cases, a formal sales offer will be issued and must be signed by the buyer (or all parties in the case of joint ownership).

For secondary market transactions, the process is typically completed within approximately two weeks from the signing of the Memorandum of Understanding (MOU) to the final title transfer.

Once the MOU is signed between the buyer and seller, an application is made to the developer for a No Objection Certificate (NOC), which generally takes a few days to process. Upon issuance of the NOC, the transfer is completed at the Ras Al Khaimah Land Department, and ownership is officially transferred to the buyer.

A Power of Attorney (POA) is required if you are unable to be physically present in the UAE and are purchasing a property on the secondary market, meaning a resale transaction from an individual seller rather than directly from a Developer. For off-plan or direct purchases from Developers, a POA is generally not required.