Ras Al Khaimah’s Real Estate Market Surges by Nearly 118% in 2024
Real Estate

Ras Al Khaimah’s Real Estate Market Surges by Nearly 118% in 2024

According to the latest statistics from Ras Al Khaimah Municipality, the emirate’s real estate market has witnessed a record-breaking surge, with total transactions soaring to AED 15.08 billion in 2024—a remarkable 118 per cent increase from AED 6.94 billion in 2023. This unprecedented growth underscores Ras Al Khaimah’s rising appeal among investors and homebuyers, further solidifying its position as one of the UAE’s most promising real estate markets. The surge in transactions reflects the emirate’s continued transformation into a hub for high-end yet accessible real estate, offering a unique blend of luxury, affordability, and long-term investment potential. With its prime waterfront developments, strategic infrastructure projects, and expanding entertainment offerings—including the much-anticipated Wynn Al Marjan Island—Ras Al Khaimah is attracting both global and regional investors seeking high-yield opportunities.

Commenting on the remarkable market performance, Andrei Charapenak, CEO of Major Developers said: “The extraordinary growth in real estate transactions in Ras Al Khaimah is a testament to the emirate’s evolution into a top-tier investment destination. As an early believer in Ras Al Khaimah’s potential, Major Developers continues to shape its future by delivering premium waterfront projects that align with the emirate’s vision for sustainable and high-value real estate. In 2024 we have witnessed a surge in demand confirming that investors and homebuyers alike recognize the unique opportunities this market offers, and we remain committed to delivering world-class developments that maximize long-term returns.”

Beyond real estate, Ras Al Khaimah continues to evolve as a major lifestyle and tourism destination. The emirate’s expanding hospitality sector, bolstered by upcoming world-class resorts, enhanced air connectivity, and sustainable urban planning, has amplified its appeal to global visitors and residents alike. Projects such as Al Marjan Island—home to some of the most sought-after waterfront residences in the UAE— are seeing heightened demand, with investors eyeing strong rental returns ahead of the Wynn Resort’s grand opening. Major Developers, at the forefront of this transformation, is actively contributing to the emirate’s growth by introducing innovative residential and mixed-use projects that cater to both end-users and investors. With its exceptional quality of life, investor-friendly regulations, and high rental yields, Ras Al Khaimah has cemented itself as one of the UAE’s most dynamic real estate markets. As demand continues to rise, real estate developers across the emirate are dedicated to creating landmark developments that redefine modern waterfront living and investment potential.

According to the latest statistics from Ras Al Khaimah Municipality, the emirate’s real estate market has witnessed a record-breaking surge, with total transactions soaring to AED 15.08 billion in 2024—a remarkable 118 per cent increase from AED 6.94 billion in 2023. This unprecedented growth underscores Ras Al Khaimah’s rising appeal among investors and homebuyers, further solidifying its position as one of the UAE’s most promising real estate markets. The surge in transactions reflects the emirate’s continued transformation into a hub for high-end yet accessible real estate, offering a unique blend of luxury, affordability, and long-term investment potential. With its prime waterfront developments, strategic infrastructure projects, and expanding entertainment offerings—including the much-anticipated Wynn Al Marjan Island—Ras Al Khaimah is attracting both global and regional investors seeking high-yield opportunities. Commenting on the remarkable market performance, Andrei Charapenak, CEO of Major Developers said: “The extraordinary growth in real estate transactions in Ras Al Khaimah is a testament to the emirate’s evolution into a top-tier investment destination. As an early believer in Ras Al Khaimah’s potential, Major Developers continues to shape its future by delivering premium waterfront projects that align with the emirate’s vision for sustainable and high-value real estate. In 2024 we have witnessed a surge in demand confirming that investors and homebuyers alike recognize the unique opportunities this market offers, and we remain committed to delivering world-class developments that maximize long-term returns.” Beyond real estate, Ras Al Khaimah continues to evolve as a major lifestyle and tourism destination. The emirate’s expanding hospitality sector, bolstered by upcoming world-class resorts, enhanced air connectivity, and sustainable urban planning, has amplified its appeal to global visitors and residents alike. Projects such as Al Marjan Island—home to some of the most sought-after waterfront residences in the UAE— are seeing heightened demand, with investors eyeing strong rental returns ahead of the Wynn Resort’s grand opening. Major Developers, at the forefront of this transformation, is actively contributing to the emirate’s growth by introducing innovative residential and mixed-use projects that cater to both end-users and investors. With its exceptional quality of life, investor-friendly regulations, and high rental yields, Ras Al Khaimah has cemented itself as one of the UAE’s most dynamic real estate markets. As demand continues to rise, real estate developers across the emirate are dedicated to creating landmark developments that redefine modern waterfront living and investment potential.

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Next Story
Infrastructure Transport

Buying a TBM?

Tunnel-boring machines (TBMs) are increasingly being used in India for metro, rail and other infrastructure projects. Choosing the right TBM is vital to work efficiently, speedily and safely. Here’s a guide on how to make the right choice.Geological compatibilityTBMs are specifically designed and customised to suit the unique geological and geotechnical conditions of the area where tunnelling will take place. So, an extensive and thorough geotechnical investigation is conducted prior to the machine’s design and fabrication. “The tunnelling company accurately compiles soil sampling f..

Next Story
Real Estate

Kitchen Dynamics

Modular kitchen design trends lean towards sustainability, smart technology integration, minimalist aesthetics and multifunctional spaces, says Rajkumar Kumawat, Founder and Principal Architect, Rajkumar Architects.Noticeable designs“A shift towards warm minimalism, where clean lines are balanced with tactile finishes such as fluted wood, brushed metals and muted stone surfaces, is a noticeable trend,” says Harkaran Singh Boparai, Founder and Principal Architect, Harkaran Boparai Studio. “Also, matte lacquers in deep, earthy tones are replacing gloss finishes, bringing a s..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?