With over 20 years in the luxury real estate sector, Rakesh Mirchandani has been pivotal in elevating the UAE as a prime investment destination and lifestyle hub. As co-founder of RNR International Real Estate and RRS International Development, and promoter of flagship projects like Al Marjan Island, he shares insights on the emirate’s future and opportunities for international residents and investors.

Early Days and Inspiration

Rakesh originally arrived in Dubai from the Canary Islands, Spain, initially just for a holiday. He soon realized Dubai was the perfect place to build his life, impressed by its diversity and harmonious living. Starting with a meager 2,000 Dirhams (about 500 euros) salary, Rakesh carried the wisdom his father shared: “Think of it as if you are being paid to learn.”

Transformative Project Experiences

From 2006 onwards, Rakesh witnessed Dubai’s explosive growth shaped by iconic landmarks like the Burj Khalifa and Palm Jumeirah. Today, he is proud to be part of the visionary projects that have transformed the city’s skyline.

RNR’s Key Milestones

RNR, established in 2013, achieved annual sales exceeding $200 million, leading operations in renowned developments such as FIVE Palm Jumeirah. The firm now also manages assets worth over 350 million AED, providing comprehensive real estate services from acquisition to management.

Philosophy and Market Positioning

Rakesh’s development philosophy includes Smart, Quality, Lifestyle, and Sustainability, aiming for high-quality projects in strategic locations, focusing on steady returns for investors. RNR collaborates with prestigious brands like NH Collection for superior offerings.

Future of Ras Al Khaimah as a Luxury Destination

With the upcoming Wynn resort at Al Marjan Island, the emirate is set to redefine itself as a luxury travel destination, expected to significantly increase property values and attract tourists.

Strategic Advantages for Foreign Investors

Ras Al Khaimah offers full property ownership along with a welcoming environment for long-term residency, especially via its 10-year Golden Visa scheme accessible through a 2 million AED real estate investment.

Emerging Trends and Opportunities

Rakesh identifies three major emerging trends: branded residences, structural housing demand, and sustainability priorities. The NH Collection Al Marjan Island embodies these values, presenting accessible luxury living options managed by international brands.

Quality of Life in Ras Al Khaimah

Ras Al Khaimah boasts unmatched quality of life, with pristine beaches, exclusive marinas, and a growing cultural scene, while maintaining constant infrastructure investments. This balance is reflected in each of RNR’s developments.

Final Thoughts

For international investors and travelers, Ras Al Khaimah presents a unique blend of economic growth, stability, and high quality of life, with competitive pricing and immense appreciation potential.