Property prices in Ras Al Khaimah have seen a significant increase of up to 25 per cent in the past eight months and are expected to rise by another 50 per cent before the opening of Wynn Al Marjan resort in 2027. Maxim Novikov from Metropolitan Premium Properties (MPP) stated that the surge in prices reflects the rising attractiveness of the emirate as a real estate investment destination. Investors are advised to act now to take advantage of the market.
The market in Ras Al Khaimah is attracting strong interest from investors worldwide, including the US, UK, Europe, CIS countries, and even Chinese investors. The Northern Emirate’s property market is booming with one or two new property launches happening weekly in the last three months. This has brought more diversity to the market, offering high-end branded properties as well as more affordable options to cater to different investors.
One area experiencing significant growth is Al Marjan Island, with regular property launches and escalating prices with each new phase. Studios and one-bedroom units are in high demand, driven by investors looking for profitable holiday and short-term rental opportunities. Prices for studios have increased by 10-15 per cent on average in the last quarter, while one-bedroom units have seen a rise of at least 5-10 per cent.
Larger properties such as branded apartments, three-bedroom units, and waterfront villas priced at Dh7 million and above are also popular choices for buyers seeking personal residences or second holiday homes. The top-selling areas currently include Al Marjan Island, Mina Al Arab, and Al Hamra Village, with projects featuring private beaches experiencing the highest demand. Each area appeals to different types of investors, with Al Marjan Island being a top choice for pure investment, while Al Hamra Village and Mina Al Arab are favored by those seeking properties for personal use.
With ongoing developments and increasing demand, Ras Al Khaimah’s property market is expected to continue its growth trajectory leading up to the opening of Wynn Al Marjan resort. Investors looking to capitalize on the market should act swiftly before prices see further increases. The market’s diversity in offerings, from high-end properties to more affordable options, caters to a wide range of investors, making Ras Al Khaimah an attractive real estate investment destination for global investors.
