Ras Al Khaimah’s property market prices are to witness a major boom by 2030, with more than 11,000 new units planned for delivery, according to the latest report. Off-plan Property sales have dominated transactions, while other communities such as Al Marjan Island, Mina Al Arab, and Al Hamra have witnessed increases in both capital and rental values since 2022.
Ras Al Khaimah has recorded 11 billion AED in property transactions in the year 2024. With the announcement of new high-end developments in the region, property transactions are expected to boost sales in 2025.
The RAK Real Estate expansion is linked with tourism growth. In 2024, Ras Al Khaimah welcomed 1.28 million tourists, representing a 5.1% increase compared to 2023.
Tourism in the emirate has shown major growth since 2020 which results in boosting investor confidence, especially in the RAK Property market.
The rapid growth of Ras Al Khaimah’s real estate market is mainly driven by the development of Wynn Al Marjan Island, the UAE’s first integrated resort with a licensed commercial gaming operator.
The Wynn Al Marjan Island is expected to open in 2027 and will cover 62 hectares on Al Marjan Island, featuring 1,542 rooms and suites, 225,000 sq ft of gaming space, 15,000 sq m of retail, and entertainment facilities.
Real estate analysts suggest that if the UAE’s gaming revenue reaches 1.6% of GDP, similar to Singapore then it could generate over AED 20 billion in annual revenue.
Ras Al Khaimah Real Estate is all set for significant growth, fueled by upcoming mega-developments and the much-anticipated launch of the Wynn Resort in Al Marjan. This landmark project is set to enhance investor confidence and accelerate real estate expansion throughout the emirate.