The History and Appeal of Ras Al Khaimah: From Ancient Trade Hub to Modern Investment Destination

Ras Al Khaimah, one of the seven emirates of the United Arab Emirates, has a rich and fascinating history that spans thousands of years. From its origins as a centre for trade to its modern-day reputation as an attractive destination for investment and residency, the emirate has lots to offer.

We explore the history of Ras Al Khaimah and why it is a good place to live and invest in today.

Early Settlements and Rise to Power

The earliest known settlers in Ras Al Khaimah were the Hajarain people, who arrived in the region around 5000 BCE. They were followed by the Bani Yas tribe, who established a presence in the area around 2000 BCE. Over the centuries, Ras Al Khaimah became an important hub for trade, with merchants from India, Iran, and the Arabian Peninsula all doing business in the region.

In the early 18th century, the Al Qasimi clan took control of Ras Al Khaimah and established the emirate as a major power in the region.

Pearl Diving and Economic Growth

During the 19th century, Ras Al Khaimah became a centre for the pearl diving industry, with many of its inhabitants making their living by diving for pearls in the waters around the emirate. The pearl diving industry reached its peak in the early 20th century but declined rapidly with the advent of cultured pearls.

In 1972, Ras Al Khaimah joined with the other emirates to form the United Arab Emirates, with Sheikh Saqr bin Mohammed Al Qasimi serving as its ruler. Under his leadership, the emirate saw significant economic growth, with the development of new industries like manufacturing, tourism, and services.

Favorable Business Environment and Sustainability

Today, Ras Al Khaimah is known for its favourable business environment, commitment to sustainability, and high quality of life. The emirate has a pro-business attitude and offers incentives for investors, including tax exemptions, low business costs, and streamlined procedures for setting up and operating a business.

It also has a well-developed infrastructure, with modern transportation and telecommunications systems, as well as a skilled and diverse workforce. Ras Al Khaimah is also committed to sustainability, with initiatives to promote renewable energy, reduce waste, and protect the environment.

High Quality of Life and Cultural Heritage

In addition to its strong business environment and commitment to sustainability, Ras Al Khaimah also offers a high quality of life. The emirate has a diverse range of housing options, from luxurious villas to affordable apartments, modern healthcare facilities, international schools, and leisure and entertainment options. It also boasts a rich cultural heritage, with a number of historical and cultural landmarks, as well as a vibrant arts and culture scene.

Overall, the strategic location, favourable business environment, commitment to sustainability, and high quality of life make Ras Al Khaimah an increasingly attractive destination for both investors and residents alike. With continued investment and development, the emirate is well-positioned to continue its growth and success.