The residential property stock in Ras Al Khaimah (RAK) is expected to double by the end of 2030, with over 11,000 new units scheduled for completion, according to a real estate consultancy. This growth is primarily driven by residential developments launched up to the end of 2024. The substantial increase in property supply signals a booming real estate market that is gaining significant momentum post-pandemic.
In 2024, sales transaction values are forecast to exceed Dh11 billion, marking a notable recovery in the real estate sector. The off-plan market has dominated sales, with key developments such as Al Marjan Island, Mina Al Arab, and Al Hamra seeing increasing capital values and rents since 2022. This growth has coincided with major announcements, including the planned Wynn resort on Al Marjan Island.
Andrew Cummings, Head of Residential Agency at Savills Middle East, stated, “There is growing demand for premium residential offerings in RAK. Branded residences now account for 32% of the anticipated supply on Al Marjan Island, reflecting a strong appetite for well-located, lifestyle-led investments.” The shift towards high-quality developments reflects the increasing interest in RAK’s growing real estate market, which is evolving rapidly as a destination for both investors and residents. 
The northern emirate’s rapid growth is propelled by rising tourism numbers and the introduction of new residential projects, further contributing to the surge in off-plan sales. These factors have helped establish RAK as a competitive real estate hub in the UAE. Key communities like Al Marjan Island are experiencing an upward trend, with rising rents and property values reflecting the area’s expanding appeal.
The upcoming Wynn Al Marjan resort is set to reshape Ras Al Khaimah’s economy. The 62-hectare resort is expected to open in 2027 and will feature 1,542 rooms and suites, 225,000 square feet of gaming space, 15,000 square meters of retail, as well as large-scale event and entertainment facilities. This massive development is expected to further drive tourism and elevate RAK’s status on the global map.
RAK is also experiencing a rise in visitor numbers, which is fueling real estate demand. In 2024, the Emirate welcomed 1.28 million tourists, reflecting a 5.1% year-on-year increase. Of these, 661,000 were air arrivals, marking a 28% increase compared to the previous year. This surge in visitors highlights Ras Al Khaimah’s growing appeal as a short-stay leisure destination, enhancing the prospects for residential developments tailored to both tourists and long-term residents.
Rachael Kennerley, Head of Research at Savills Middle East, emphasized, “RAK’s evolution is now beyond tourism alone. The growth of infrastructure, education, entertainment, and residential development makes a compelling case for long-term investment. Together, these factors create a robust foundation for the future of Ras Al Khaimah.”
With new projects and infrastructure developments planned for the next decade, Ras Al Khaimah is positioning itself as one of the UAE’s most attractive investment and residential destinations. The growing tourism sector, combined with an expanding real estate market and the introduction of world-class developments like Wynn Al Marjan, ensures that RAK is set for significant growth, making it a key player in the UAE’s real estate sector for years to come.
