This has to be backed by investment from elsewhere.
- Real Madrid can't afford to do this and it does sound more like a sponsorship deal
- Ras Al-Khaimah is one of the poorer emirates in the UAE with little revenue from natural resources
Finally, to be pedantic, Ras Al-Khaimah has nothing to do with the emirate of Dubai who rely on handouts from their bigger brother, the emirate of Abu Dhabi.
In fact Ras Al-Khaimah is separated from Dubai by 3 other emirates, so when your mate is giving it the big I am with the "I live in Dubai" line, he's talking nonsense, they don't even share the same car plates. However, parts of RAK are quite picturesque so it's not a bad place to live.
Strange, at what point did I mention that he was giving it the big I am, not a bad place for second home is it. Feel free to carry on talking nonsense though