Property prices in Ras Al Khaimah have surged by up to 25 percent over the last eight months and are expected to climb by another 50 percent before the Wynn Al Marjan resort opens in 2027.
"The sharp increase in property prices in Ras Al Khaimah underscores the emirate's increasing appeal as a real estate investment hub. Given the ongoing developments and rising demand, we foresee prices escalating by 50 percent by the time the casino commences operations. Investors aiming to capitalize on the market should act promptly," stated Maxim Novikov, the head of the RAK branch at Metropolitan Premium Properties (MPP).
The RAK market is garnering significant interest from investors, notably from the US, UK, Europe, and CIS countries. There is also a burgeoning interest from Chinese investors in the emirate. The property market in the Northern Emirate is undergoing a substantial boom, with about one or two new property launches weekly over the past three months, introducing a wider range of options from luxury branded properties to more budget-friendly alternatives.
This trend is particularly pronounced in the fast-developing Al Marjan Island, where regular launches are taking place and prices are rising with each new phase. According to MPP data, studios and one-bedroom units are in the highest demand, driven by investors looking for profitable holiday and short-term rental opportunities. Prices for studios have increased by an average of 10-15 percent in the last quarter, while one-bedroom units have seen a rise of at least 5-10 percent.
Larger properties are also drawing considerable interest. Branded apartments, three-bedroom units, and waterfront villas priced at Dh7 million and above are favored by buyers looking for primary residences or second holiday homes. The most sought-after areas currently include Al Marjan Island, Mina Al Arab, and Al Hamra Village, with projects featuring private beaches experiencing the highest demand. Al Marjan Island continues to be the preferred choice for pure investment, offering substantial potential returns, while Al Hamra Village and Mina Al Arab are popular among investors seeking properties for personal use.
