Post on 06-Apr-2017
RAS AL KHAIMAH SURVEY REPORT December
25, 2014
A r i j i t D a s ( M U M )
Page 1
RAS AL KHAIMAH CITY: OVERVIEW
Ras Al Khaimah is located in the Arabian Gulf bordering Umm Al Quwain, Sharjah & Fujairah
and has long borders with Oman on the Southern & North Eastern sides. The literal meaning of
the name in English is “Top of the Tent”. The city is divided in to two main sections, Old Ras Al
Khaimah & Nakheel, on either side of the creek. On 10th
February 1972, under the leadership of
Sheikh Saqr bin Mohammad al-Qassimi, Ras-al-Khaimah joined the U.A.E. and is currently
ruled by Sheikh Saud bin Saqr al Qasimi.
According to the survey of Municipality Department, the Emirate of Ras Al Khaimah is situated
in an area of 2478 square kms.
The climatic condition of Ras Al Khaimah is very similar to other emirates in U.A.E.
47.3
5.1
100
5
Maximum Temp. Minimum Temp. Max. Humidity Min. Humidity
Climate Conditions
Maximum Temp. Minimum Temp. Max. Humidity Min. Humidity
RAS AL KHAIMAH SURVEY REPORT December
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A r i j i t D a s ( M U M )
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According to the Economic Department of Ras Al Khaimah, the current estimated population is
of 4, 80,000. The rural & urban population of Ras-al-Khaimah is of 45.89% & 54.11%
respectively.
In 2014, the growth in population compared to 2013 is by 10%.
62%
38%
Gender Chart
Male Female
410000
420000
430000
440000
450000
460000
470000
480000
480000
438000
Population Growth
Population 2014 Population 2013
RAS AL KHAIMAH SURVEY REPORT December
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As of 2013 the estimated citizens of Ras-al-Khaimah is of 1, 03,000 out of the total population.
When we look at the estimation by age group of the local population or the citizens we see that
the people ranging from 0-14 age has the maximum population.
The percentage of labor force to population is around 48.71% with 64.55% out of that being
male’s & 22.5% being females.
All the above information is gathered from Economic Department of Ras-al-Khaimah.
24%
76%
Demography
Citizens Expatriates
37801
37698
17922
9579
Age 0 to 14
Age 15 to 29
Age 30 to 49
Age 50 to 80+
Age Group of Citizens
Age 0 to 14 Age 15 to 29 Age 30 to 49 Age 50 to 80+
RAS AL KHAIMAH SURVEY REPORT December
25, 2014
A r i j i t D a s ( M U M )
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Income Sources:
The main contributors to its economy are:
Real Estate – There are lots of residential areas, offices & commercial buildings build in
Ras-al-Khaimah. There are total of 5,398 building constructions, distributed below:
Tourism – Ras-al-Khaimah is improving in its tourism sector. It is a home to five star
hotels and beach resorts which includes Hilton, Rotana or Banyan Tree. It has a number
of 4 and 3 star accommodations as well. In September 2010, first water park Ice Land
was opened to offer leisure opportunity for both residents and visitors and more new
tourism projects are under construction.
Tourism Info.
No.of Hotels 16
No.of Rooms 3393
No.of Beds 4878
No.of Guests* 1273
No.of Nights* 928
Avg. guests/night 0.7
Rooms Occup.% 76%
Note: *Estimated numbers in thousand as per the Economic department.
75%
16%
2% 1% 2% 4%
Constructions
Villas Annex Commercial Build.
Mosques Government Build Others
RAS AL KHAIMAH SURVEY REPORT December
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A r i j i t D a s ( M U M )
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Building Materials – The UAE’s first cement company was opened in Ras-al-Khaimah
and is now the largest cement producer in the country. Ras-al-Khaimah Ceramics which
is one of the world’s largest ceramics producers is located here. It has a total of 14,000
employees working in it, as per Mr. Anwar (Security Officer). The residential community
for them is build inside the company area.
Manufacturing & High Tech Industry – The Persian Gulf regions first pharmaceuticals
company, Gulf Pharmaceutical Industries is located in Ras-al-Khaimah.
Service Sector – RAK Bank & RAK Insurance companies has originated here.
Agriculture & Fisheries – It is one of the main economy sectors of Ras-al-Khaimah and
provide foodstuff not only to the Emirate but to the whole country.
Agriculture sector
No.of Poultry Farms 8
Egg (million') 212.5
Cattle farms 1
Total herd 668
Milking Cows 333
Milk Produced (ton) 1465
Total no.of fishermen 4251
Fish Caught (ton) 21.23
No.of Fishing boats 1234
0% 0% 0% 0%
Workers Nationality
Rice (white), (1kg)
Eggs (12)
Local Cheese (1kg)
Chicken Breasts (Boneless, Skinless), (1kg)
RAS AL KHAIMAH SURVEY REPORT December
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A r i j i t D a s ( M U M )
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Transportation:
The main modes of transport in the city are the metered taxis and the public buses
operating on the long routes and catering mainly to the smaller towns. Ras-al-Khaimah is
connected to the other emirates by taxis which often start from the taxi-stand located
south of Al Dhaid near the new Police headquarters.
The Emirates roads connect to Ajman (60km), Sharjah (71km) & Dubai (87km). The
highway allows traveling to Dubai from Ras-al-Khaimah in under 45 minutes.
Landmarks:
The main landmarks in the region include:
The National Museum of Ras-al-Khaimah
Dhayah Fort
Sheba’s Palace
Al Hamra Village
Manar Mall
Golf Centre
Ice Land
Ras-al-Khaimah Zoo
RAS AL KHAIMAH SURVEY REPORT December
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Spending Power of the Ras-al-Khaimah:
The cost of living in Ras-al-Khaimah is 22.22% less than that of Dubai. According to the
Economic department of Ras-al-Khaimah a person, assuming that he rent in both cities and
earning around 18,000 dhms in Dubai needs 13,999 dhms in Ras-al-Khaimah to maintain the
same standard of living as in Dubai. The calculation is done on the base of the consumer prices
including the rent index.
Emirates: Dubai RAK
Difference
Restaurants
Meal, Inexpensive Restaurant 25.00 AED 15.00 AED -40.00 %
Meal for 2, Mid-range Restaurant, Three-course 150.00 AED 150.00 AED 0.00 %
Combo Meal at McDonalds or Similar 21.00 AED 22.00 AED +4.76 %
Domestic Beer (0.5 liter draught) 35.00 AED 25.00 AED -28.57 %
Imported Beer (0.33 liter bottle) 35.00 AED 20.00 AED -42.86 %
Cappuccino (regular) 15.29 AED 13.00 AED -14.99 %
Coke/Pepsi (0.33 liter bottle) 1.57 AED 2.50 AED +59.18 %
Water (0.33 liter bottle) 1.10 AED 1.83 AED +66.15 %
Markets
Milk (regular), (1 liter) 5.44 AED 5.25 AED -3.40 %
Loaf of Fresh White Bread (500g) 4.32 AED 4.00 AED -7.44 %
Rice (white), (1kg) 7.35 AED 7.33 AED -0.29 %
Eggs (12) 9.69 AED 12.50 AED +29.01 %
Local Cheese (1kg) 31.22 AED 25.00 AED -19.93 %
Chicken Breasts (Boneless, Skinless), (1kg) 25.21 AED 40.00 AED +58.69 %
Apples (1kg) 9.63 AED 5.00 AED -48.09 %
Oranges (1kg) 8.15 AED 6.67 AED -18.21 %
Tomato (1kg) 5.70 AED 6.50 AED +14.06 %
Potato (1kg) 4.43 AED 6.00 AED +35.45 %
Lettuce (1 head) 5.24 AED 4.00 AED -23.65 %
Water (1.5 liter bottle) 1.94 AED 2.00 AED +3.14 %
Bottle of Wine (Mid-Range) 75.00 AED 45.00 AED -40.00 %
Domestic Beer (0.5 liter bottle) 25.15 AED 15.00 AED -40.37 %
Imported Beer (0.33 liter bottle) 27.58 AED 12.00 AED -56.50 %
Pack of Cigarettes (Marlboro) 10.00 AED 6.00 AED -40.00 %
RAS AL KHAIMAH SURVEY REPORT December
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Transportation
One-way Ticket (Local Transport) 4.80 AED 4.10 AED -14.58 %
Monthly Pass (Regular Price) 200.00 AED 100.00 AED -50.00 %
Taxi Start (Normal Tariff) 3.80 AED 10.00 AED +163.16
%
Taxi 1km (Normal Tariff) 1.80 AED 1.50 AED -16.67 %
Taxi 1hour Waiting (Normal Tariff) 30.00 AED 30.00 AED 0.00 %
Gasoline (1 liter) 1.76 AED 1.62 AED -8.01 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 71,000.00 AED 70,000.00 AED
-1.41 %
Utilities (Monthly)
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment 564.05 AED 500.00 AED
-11.36 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.55 AED 0.53 AED
-2.68 %
Internet (6 Mbps, Unlimited Data, Cable/ADSL) 277.78 AED 211.67 AED -23.80 %
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult 349.46 AED 140.00 AED -59.94 %
Tennis Court Rent (1 Hour on Weekend) 81.67 AED 66.33 AED -18.78 %
Cinema, International Release, 1 Seat 35.00 AED 29.50 AED -15.71 %
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 299.88 AED 300.00 AED +0.04 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 202.31 AED 150.00 AED -25.86 %
1 Pair of Nike Shoes 319.75 AED 205.00 AED -35.89 %
1 Pair of Men Leather Shoes 371.37 AED 160.00 AED -56.92 %
Rent Per Month
Apartment (1 bedroom) in City Centre 6,799.91 AED 3,000.00 AED -55.88 %
Apartment (1 bedroom) Outside of Centre 4,336.84 AED 2,800.00 AED -35.44 %
Apartment (3 bedrooms) in City Centre 13,735.67 AED 13,500.00 AED -1.72 %
Apartment (3 bedrooms) Outside of Centre 9,634.83 AED 5,000.00 AED -48.10 %
RAS AL KHAIMAH SURVEY REPORT December
25, 2014
A r i j i t D a s ( M U M )
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Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 19,144.26 AED 5,400.00 AED
-71.79 %
Price per Square Meter to Buy Apartment Outside of Centre 10,778.95 AED 3,000.00 AED
-72.17 %
Salaries And Financing
Average Monthly Disposable Salary (After Tax) 11,886.07 AED 7,833.33 AED -34.10 %
Mortgage Interest Rate in Percentages (%), Yearly 5.25 4.50
-14.26 %
*Note: Sources from the Website - http://www.numbeo.com.
Communities:
Al Hamra Village is the largest community in Ras-al-Khaimah. It is an old coastal town and the
real estate business has picked up in this area due to its beautiful location.
Al Hamra Village:
At the very heart of Al Hamra Real Estate Development is Al Hamra Village, the luxury
integrated community, uniquely located in Ras Al Khaimah. It covers an area of 77 million
square feet and includes 1.5 kilometers of pristine beaches, with over 1,200 villas and
townhouses, 2,500 residential apartments, 5 resort hotels, an 18-hole golf course, a marina and a
shopping mall – all within a fully integrated community.
Occupancy in the Al Hamra Village Community:
According to the recent research conducted by the Estate Agency, they found that over 87% of
the Al Hamra Village Community residents are permanent, which reflects an increase of 50%
from 2010. The population can be divided into –
RAS AL KHAIMAH SURVEY REPORT December
25, 2014
A r i j i t D a s ( M U M )
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Mina Al Arab Facts:
A mixed-use Residential Community with over 1,200 villas and 1,000 apartments plus
Retail/Restaurants/Services and future Beach Resorts.
Marjan Island Facts:
It is a waterfront project developed by the RAK Investment Authority under the patronage of the
Government of Ras Al Khaimah. It is located at the southern border of Ras Al Khaimah. This
project includes world class hotels including 3 existing and operational hotels (i.e. Rixos,
Doubletree by Hilton, Marjan Island Resort & Spa), with an addition 3 more hotels to be
completed by 2015 and 2016. There are also freehold apartments in the Bab Al Bahar project
with over 700 residential apartments.
Local Community Facts:
The huge local community within the area consists of 5,000 houses and villas and it’s also about
a 7 min drive from the mall and Al Hamra Community with easy access to the hotels and the
proposed location.
All the above communities are located in the free zone of Ras-al-Khaimah & the other
communities which are located at the heart of Ras-al-Khaimah are Rams, Sham, Kharran &
Digdaga. All these communities are located within 10-15km radius of the Al Naeem Mall. As I
walked through these localities, I observed that it has a 50-50 % population of locals &
expatriates.
50%
30%
20%
Al Hamra Population
Western or European Locals & Arabs Asians
RAS AL KHAIMAH SURVEY REPORT December
25, 2014
A r i j i t D a s ( M U M )
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AL NAEEM MALL OVERVIEW
Al Naeem Mall is located in the New Nakheel Area which is with in 5 minutes walking distance
from Manar Mall (approx. 0.5 km) & 10 minutes from RAK Mall (approx. 1.2 km). The mall is
going to open in the 1st quarter of 2015 as per Mr. Fadi (General Manager).
Al Naeem Mall
Area of Mall 53,000 sqmt.
No.of Floors 4
No.of Car Parking 1,500
No.of shops expected 200
Expected foot fall/day 20,000-25,000
Anchor Brands:
As per the Mr. Fadi Mjahed, there are 8 Anchor Stores that are already signed with the mall.
They are:
1. Magic Planet
2. Fitness time (Health Club)
3. Cinemax
4. Spinneys – As per the security of the mall, after 18 months Spinneys closed again
because of customer complaints regarding the unhygienic condition due to mall
construction.
5. Sharaf DG
All these above mentioned outlets are yet to open. In my visit to the mall, I have seen only 2
shops which were open, one is Cannon Retail Shop which had a monthly sale of 70,000 AED in
the month of November as informed by the staffs & the other is a Pharmacy Shop.
Some of the Anchor Brands in retails like Nike, Sun & Sand Kids, Lifestyle, Mothercare,
Giordano, Pure Gold, Gloria Jeans and in food services like Papparoti, Starbucks, KFC,
McDonalds, Hardees, Subway are still under discussions with mall.
As per my observation I do not see McDonalds & KFC opening their outlets in Al Naeem Mall
because they already have 3 & 2 branches near the mall, one each in Manar Mall & RAK Mall
and one McDonalds on the street between these malls.
Catchment Area:
The primary areas are Khuzam, Al Nakheel, Qusaidat, Uraibi, Juwais, Kharran, Digdaga all of
which are located within 10-15km radius of the mall.
RAS AL KHAIMAH SURVEY REPORT December
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Surroundings of Al Naeem Mall:
1. Backside is facing the sea
2. Hilton Hotel on the left hand side of the mall.
3. Etisalat Tower on the right hand side.
4. RAK properties & Public Library are also located on the right hand side of the mall.
5. If we move little more on the right hand side we get the Manar Mall.
Delivery Potential:
As per my observation we cannot start deliveries in the mall because in the Al Nakheel area and
the above mentioned catchment areas, there are lots of small restaurants doing deliveries to these
residencies. Also in the Manar Mall all the restaurants are doing deliveries.
Al Hamra Mall Overview
Al Hamra Mall is located in the free zone Ras-al-Khaimah opened on December 2008.
Al Hamra Mall
Area of Mall 26,000 sqmt.
No.of Floors 2
No.of Car Parking 600
No.of shops 120
Foot fall/day 18,000-22,000
Anchor Brands:
The anchor brands that are already opened in the mall are:
1. VOX Cinemas
2. Funville
3. Spinneys
4. Adidas
5. Pan Emirates
6. Life Style
7. Hour Choice
8. Al Ansari
9. Sun & San Sports
RAS AL KHAIMAH SURVEY REPORT December
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Catchment Area:
The Mall is surrounded by 5 hotels situated within a 5 minute radius including:
1. The Waldorf Astoria
2. Banyan Tree Beach Resort
3. Hilton Al Hamra Golf & Beach Resort
4. Hilton Al Hamra Residence
5. Al Hamra Village
6. Al Hamra Marina
7. Industrial Area
8. Mini Al Arab
Mall footfall:
Since the opening of the Mall expansion on the 12th October 2013 which includes VOX
Cinemas and Fun Ville Entertainment Centre, the footfall increased by a significant 50% and
keeps increasing month-on-month. Below chart shows the foot fall trend of the mall:
Month 2013 2014
January 254,329 368,609
February 226,222 332,939
March 296,888 406,896
April 319,272 418,746
May 273,324 448,422
June 274,037 521,700
July 244,854 568,212
August 315,114 652,860
September 282,043 557,678
October 394,221 718,419
November 395,106 528,653
December 386,549 -
45% 47% 37% 31% 64% 90% 132% 107%
98% 82%
34%
-
Foot Fall 2014 vs 2013
RAS AL KHAIMAH SURVEY REPORT December
25, 2014
A r i j i t D a s ( M U M )
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Al Hamra Mall Food Court Restaurants:
Below are the names of the restaurant located in the food court along with their approximate sale
figures:
Restaurants Weekdays Sales Weekends Sales
Burger King 3,000 3,500
The Noodles Room 2,500 3,000
Subway 3,000 3,500
Papa Johns 3,000 3,300
Frooty 1,500 2,100
Chinese Connection 3,000 3,400
Golden Crown Indian Hut 2,000 2,500
Lebanon Express 2,200 2,700
Texas Chicken 3,000 3,400
Oliva 2,800 3,300
Below table shows the delivery sales for each outlet:
Restaurants Delivery Sales
Burger King 150 - 250 dhms
The Noodles Room 100 - 150 dhms
Subway 100 - 150 dhms
Papa Johns 200 - 300 dhms
Frooty No Deliveries
Chinese Connection 300 - 400 dhms
Golden Crown Indian Hut 200 - 300 dhms
Lebanon Express 150 - 200 dhms
Texas Chicken 150 - 200 dhms
Oliva 100 - 150 dhms
All the above figures are gathered from one staff of Chinese Connection, Mr. Gokul Bhandari
(052 – 8531576) who has a good rapport with all the delivery riders working there. The salary of
the delivery riders ranges from 2200 dhms – 2500 dhms.