Luxury homebuyers and sellers are navigating changing market conditions

Property Sales and prices have surged in Ras Al Khaimah, drive by a wave of hospitality, commercial and residential projects. Ras Al Khaimah is experiencing on unprecedented real estate boom, rapidly emerging as one of the most dynamic property markets in the UAE, guided by the forward-looking vision of his highness Sheikh Saudi bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah.

The emirate is shaping its skyline as it builds its resilient, diversified economy, inline with its ambitious strategy that centers around sound planning, sustainability, enhancing quality of life for its citizens and residents and world-class developments.

Key factors driving RAS AL KHAIMAH'S real estate market

In the past 3 years, property sales and prices have surged in Ras Al khaimah, driven by a wave of hospitality, commercial and residential projects.

• Moreover, an expected population growth form 0.4 million to 0.65 million by 2030 is set to generate demand for an estimated 45,000 additional residential units. This sustained growth is anchored in a diversified economy, investor-friendly regulations and the entry of global developers into the market, such as Emaar, Aldar and Ellington alongside local leaders Marjan Al Hamra and RAK Properties.

• Ras Al Khaimah’s real estate evolution is a robust infrastructure. The emirate boast eight hospitals and a modern education system where private schools are regulated by the Deapartment of Knowledge. Additionally, the emirate consistently ranks among the safest places in the world, adding to its growing livability credentials.

• Tourism is another central pillar of the emirate’s advancement, setting a record in 2024 that saw Ras Al Khaimah welcome 1.28 million tourists, drawn by attractions such as Jais Flight – the world’s longest Zipline – Bear Grylls Explores Camp and 1484 by Puro, the UAE’s highest altitude restaurant.

Real Estate transactions surge 25,000 percent in 7 years

Ras Al Khaimah’s real estate market has witnessed unprecedented growth in recent years, with transaction volumes skyrocketing by nearly 25,000 percent over the past seven years, according to data from Ras Al Khaimah Statistics Center.

• 2024 saw a record-breaking surge in transactions to AED 15.08 billion from AED 6.94 billion a year earlier, marking a remarkable 118 percent increase.

• This unprecedented growth underscores Ras Al Khaimah’s rising appeal among real estate investors and homebuyers, further solidifying its position as one of the UAE’s most promisting property markets. The surge in transactions also reflects the emirate’s continued transformation into a hub for high-end yet accessible real estate, offering a unique blend of luxury, affordability and long-term investment potential.

• The surge in real estate transactions comes at a time when Ras Al Khaimah is attracting heightened interest due to its strategic initiatives, including the expansion of Ras Al Khaimah International Airport, hospitality and entertainment investments and a strong push toward sustainable urban development.

With its prime waterfront developments, strategic infrastructure projects and expanding entertainment offerings, including the much-anticipated Wynn Al Marjan Island, with the first UAE casino, Ras Al Khaimah is attracting both global and regional investors seeking high-yield opportunities.

Key developments transforming the city

• Further expanding its offering, Marjan is developing RAK Central, a multifunctional hub that blends business, lifestyle and innovation and is set to become one of the Northern Emirates’ largest Emirates’ largest commercial districts.

  
  

• At the forefront of Ras Al Kahimah’s real estate transformation is Al Marjan Island, a premier waterfront destination making strides in the sector and playing host to ultra-luxury brands including Wynn,JW Marriot, Nobu, Missoni and The Address.

Residential sector set for significant growth

• In 2024, the emirate recorded a total of 2,985 sales transactions, surpassing AED 6 billion in value. Additionally, 1,224 mortgage transactions were completed, with contract values exceeding AED 4 billion, alongside 845 assignment transactions with a total market value of more than AED 3 billion.

• Ras Al Khaimah has experienced substantial development in the real estate in the past decade across the clusters of Al Hamra, Mina Al Arab and Marjan Island. The emirate is poised to experience significant growth in its residential sector, with a total of 14,148 new residential units announced to be developed between 2026 and 2029. Branded residences account for 5,604 of these units, reaching a 40 percent share of the total.

• With Ras Al Khaimah’s strategic location, premium destination appeal, ongoing infrastructure development and government initiatives, the region is gearing up for further price growth. Projections indicate that prices in Ras Al Khaimah’s secondary market could reach approximately AED4,000 per square foot by 2027 and AED 4,500 by 2030.

Conclusion

Ras Al Khaimah’s strategic location, premium destination appeal, ongoing infrastructure development and government initiatives, the region is gearing up for further price growth. Projections indicate that prices in Ras Al Khaimah’s secondary market could reach approximately AED4,000 per square foot by 2027 and AED 4,500 by 2030.