When people talk about real estate in the UAE, cities like Dubai and Abu Dhabi usually take the spotlight. But recently, RAS AL KHAIMAH (RAK) has been quietly transforming into a major investment hotspot and now it’s impossible to ignore.

According to the latest data from the Ras Al Khaimah Statistic Centre, the emirate’s property market has exploded. We’re talking about a 25,000% increase in transaction volume over just seven years. RAK’s real estate transactions have grown 250 times since 2017.

In June 2024, property sales hit Dh 2.53 billion compared to just DH 10 million in June 2017. Mortgage activity tells a similar story, rising from Dh 15.8 million in 2017 to Dh3.47 billion in July 2024.That kind of growth shows how much trust the market has earned from both buyers and financial institutions. 

WHAT’S DRIVING THIS SHIFT?

RAK has been investing in major infrastructure upgrades from the expansion of its international airports to large-scale hospitality and entertainment developments. One of the most anticipated projects is the integrated gaming – resort, which is expected to attract around 4 million tourists each year – a move that’s expected to significantly impact the local property market.

With calm beaches, scenic views and an increasing number of premium communities, the lifestyle in Ras Al khaimah is drawing attention from investors and end-users alike. 

The emirate has introduced measures like long-term residency visas and allows 100% foreign ownership in certain zones making it easier for international investors to enter the market.

With plans to add over 14,000 residential units between 2026 and 2029 including branded residences, RAK is well prepared to meet the increasing demand from residents and investors.