Property prices in Ras Al Khaimah rise



Property prices in some Ras Al Khaimah developments are showing signs of revival as the northern emirates benefit from Dubai's housing boom.

Al Hamra Real Estate Development, the property company behind 2,500 flats and 1,000 villas at Al Hamra Village, reported yesterday that apartment prices in its development rose 16 per cent during the first quarter of this year.

It added that property prices rose between 10 and 12 per cent last year, driven by new residents priced out of the Dubai market.

"The demand is mostly from local and expatriate end users and investors," said Benoy Kurien, the general manager of Al Hamra Real Estate.

Cluttons said that apartments it had been valuing in the scheme had risen by 17.5 per cent over the past year.

It reported that newly built one-bedroom flats in RAK are selling for about Dh350,000, while rents stand at about Dh30,000 per annum.

"The reason that investment in Ras Al Khaimah is making sense to some investors at the moment is that gross yields are pretty high," said Richard Paul, a director in Cluttons residential valuations team.

"The price increases seem high because they are coming off a fairly low base."

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Engine: 2.7-litre 4-cylinder Turbomax
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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If you go

The flights 

Emirates flies from Dubai to Funchal via Lisbon, with a connecting flight with Air Portugal. Economy class returns cost from Dh3,845 return including taxes.

The trip

The WalkMe app can be downloaded from the usual sources. If you don’t fancy doing the trip yourself, then Explore  offers an eight-day levada trails tour from Dh3,050, not including flights.

The hotel

There isn’t another hotel anywhere in Madeira that matches the history and luxury of the Belmond Reid's Palace in Funchal. Doubles from Dh1,400 per night including taxes.

 

 

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Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm

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Favourite book: The Alchemist by Paulo Coelho

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Favourite pastime: Family and friends, meditation, discovering new cuisines

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Know your cyber adversaries

Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.

Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.

Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.

Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.

Phishing: Aims to secure personal information, such as passwords and credit card numbers.

Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.

Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.

Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.

Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.

Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.

Zero-day exploit: Exploits a vulnerability in software before a fix is found.

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The top two teams will qualify to play at the World T20 in the West Indies in November

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Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

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The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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