A thoughtfully designed landscaped residential tower in RAK Central — Ras Al Khaimah's emerging new planned downtown. Studios, 1BR, 2BR apartments, and exclusive sky residences with generous green terraces and landscaped common areas. Lapis Developers' flagship RAK Central project. 45 minutes from Dubai. Zero income tax, zero capital gains. Golden Visa eligible. Freehold for all nationalities.
Azure by Lapis is a residential tower within RAK Central — Ras Al Khaimah's government-planned new downtown. Developed by Lapis Developers, Azure distinguishes itself with a landscaped design approach: generous green terraces, planted corridors, and a tower architecture that integrates vegetation as a design element rather than as amenity afterthought.
Studios, 1 bedroom, 2 bedroom, and exclusive sky residences. RAK Central is a mixed-use masterplan with offices, hotels (including Radisson Blu), retail, and residential in a single walkable campus — designed to be the urban complement to Al Marjan Island's beachfront luxury.
RAK's investment credentials: freehold for all nationalities, zero income tax, zero capital gains tax, Golden Visa eligible (AED 2M+), and 45-minute Dubai commute. RAK real estate recorded 36% transaction growth in H1 2026 — driven by Wynn resort anticipation and the government's RAK 2030 master vision.
Azure by Lapis — RAK Central, Ras Al Khaimah
| Distance | Landmark | Note |
|---|---|---|
| RAK Central | Mixed-use masterplan | Walking campus |
| 45 min | Dubai (Sheikh Mohammed Bin Zayed Rd) | |
| Al Marjan Island | Wynn Resort + beaches | 20 min |
| RAK Airport | International Airport | 20 min |
| Al Hamra | Golf + Marina community | 15 min |
| RAK Corniche | Historic waterfront | 15 min |
| Ajman | 45 min | |
| Jebel Jais Mountain | UAE highest peak | 45 min |
RAK Central positions residents at the centre of Ras Al Khaimah's urban transformation — the first genuinely mixed-use walkable district in the emirate. Unlike Al Marjan Island (pure waterfront residential) or Mina Al Arab (lagoon communities), RAK Central is a true urban environment with the employment, retail, and services infrastructure of a new downtown.
RAK real estate recorded 36% YoY transaction growth in H1 2026 — the fastest appreciation rate of any UAE emirate in this period. Driven by Wynn resort construction, international media coverage, and the government's RAK 2030 tourism and real estate vision. RAK Central, as the emirate's flagship urban development, is positioned at the centre of this growth.
Many Indian NRIs who already own or are considering Dubai property are now adding RAK for portfolio diversification. RAK provides UAE investment without Dubai's premium pricing, in a different emirate with different market dynamics, and with the same UAE tax and visa framework. Azure by Lapis is a practical RAK Central entry point.
UAE residential has historically been car-dependent. RAK Central is designed as a walkable mixed-use district — offices, hotels, retail, and residential within walking distance. For residents and rental tenants who value urban walkability, RAK Central's design is genuinely different from any existing RAK or Abu Dhabi residential product.
All 14 UAE projects in this batch are in designated freehold Investment Zones open to 100% foreign ownership. Indian NRIs can buy, sell, rent, and repatriate proceeds without restriction under UAE property law.
UAE imposes zero income tax and zero capital gains tax. All rental income and property appreciation are fully yours. Combined with India-UAE DTAA protection, NRI investors avoid double taxation on the same income.
As a RERA-registered Dubai brokerage, IA Wealth negotiates directly with developers. We consistently secure below-catalogue pricing, early-bird rates, and payment plan flexibility not available to direct buyers. WhatsApp us first.
NRI buyers can secure UAE home loans at up to 75% Loan-to-Value with competitive rates (5-7% fixed). This means you can own a UAE property with just 25% down using a UAE bank. IA Wealth connects buyers with NRI mortgage advisors.
Properties valued at AED 2 million or above qualify for the UAE 10-year Golden Visa, extending to immediate family. Most projects in this batch clear the AED 2M threshold, making purchase and visa planning simultaneous.
UAE imposes no restrictions on repatriating rental income or sale proceeds. After selling, NRI investors can transfer the full amount to India without FEMA limitations on the UAE side. Indian LRS rules apply to India-side remittance back in.
Landscaped tower · RAK Central new downtown · Studios to sky residences · Zero tax · Best price via IA Wealth.
Disclaimer: Pricing indicative as at August 2026 and subject to change without notice. Images are illustrative. IA Wealth Real Estate LLC · RERA 52591 · Dubai · +971 56 909 3693 · www.iawealth.ae · All transactions subject to developer terms and applicable regulations.