Ras Al Khaimah’s Municipality recently reported that the emirate registered real estate transactions worth over AED15 billion ($4 billion) in 2024, a remarkable 118 percent increase from AED6.94 billion in 2023.
This remarkable 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 promising real estate 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.
Ras Al Khaimah’s appeal rises among investors
The municipality’s data also revealed that the emirate recorded a total of 2,985 sales transactions last year, surpassing AED6 billion in value. Additionally, 1,224 mortgage transactions were completed, with contract values exceeding AED4 billion, alongside 845 assignment transactions with a total market value of more than AED3 billion.
With its prime waterfront developments, strategic infrastructure projects, and expanding entertainment offerings—including the much-anticipated Wynn Al Marjan Island—Ras Al Khaimah is attracting both global and regional investors seeking high-yield opportunities.
“The extraordinary growth in real estate transactions in Ras Al Khaimah is a testament to the emirate’s evolution into a top-tier investment destination. In 2024 we have witnessed a surge in demand confirming that investors and homebuyers alike recognize the unique opportunities this market offers, and we remain committed to delivering world-class developments that maximize long-term returns,” said Andrei Charapenak, CEO of Major Developer.
Investor-friendly regulations drive growth
Beyond real estate, Ras Al Khaimah continues to evolve as a major lifestyle and tourism destination. The emirate’s expanding hospitality sector, bolstered by upcoming world-class resorts, enhanced air connectivity and sustainable urban planning, has amplified its appeal to global visitors and residents alike.
With its exceptional quality of life, investor-friendly regulations and high rental yields, Ras Al Khaimah has cemented itself as one of the UAE’s most dynamic real estate markets. As demand continues to rise, real estate developers across the emirate are dedicated to creating landmark developments that redefine modern waterfront living and investment potential.
Branded residences surge
Ras Al Khaimah has experienced substantial development in the real estate sector 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.
In a recent report, Stirling Hospitality Advisors said that real estate units experienced an average price increase of 30 percent in 2022, driven by the Wynn Resort announcement and an anticipated population surge projected to grow by 55 percent through 2030.
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 AED4,500 by 2030.
