Ras Al Khaimah Mortgage Market Soars 22,000%, Boosting Investor Trust

23 May 2025 CW Team

Ras Al Khaimah’s property market continues to defy expectations, with mortgage activity emerging as a clear indicator of long-term investor trust in the emirate’s economic trajectory.

According to the latest data released by the Ras Al Khaimah Statistics Centre, the total value of mortgages in the emirate has soared from just AED 15.8 million in July 2017 to an astonishing AED 3.47 billion in July 2024—a rise exceeding 22,000% over seven years.

This extraordinary leap underscores a dramatic shift in buyer behaviour, where both local and international investors are increasingly opting for mortgage-backed acquisitions to secure their stake in the emirate’s rapidly evolving real estate market.

Andrei Charapenak, CEO of Major Developers, commented on this milestone: “A surge of over 22,000% in mortgage values is not just a statistic—it’s a powerful signal that Ras Al Khaimah has transitioned into a mature, finance-driven real estate market. It reflects rising investor confidence, robust demand for quality developments, and the availability of attractive financing solutions.”

He continued: “This trend shows that buyers aren’t just speculating—they’re committing. Whether it’s for primary residences, investment properties, or vacation homes, we’re seeing a growing appetite for long-term ownership, and mortgages are enabling that vision.”

Major Developers, a leading force in Ras Al Khaimah’s real estate sector, has been instrumental in supporting this shift through master-planned communities that combine luxury, livability, and financial accessibility. The company’s latest offerings are designed to meet the needs of today’s mortgage-savvy buyer—prioritizing quality construction, sustainability, and future-ready design.

The surge in mortgage-backed purchases comes as Ras Al Khaimah continues to roll out a series of transformational initiatives—from expanding its international airport and boosting hospitality infrastructure to introducing new economic free zones and sustainability-driven urban plans. These developments are not only attracting global attention but also creating fertile ground for end-users to invest with confidence.

With this financial upswing, Major Developers remains committed to enabling accessible homeownership and investment opportunities, empowering more buyers to become part of the emirate’s exciting future.

Ras Al Khaimah’s property market continues to defy expectations, with mortgage activity emerging as a clear indicator of long-term investor trust in the emirate’s economic trajectory. According to the latest data released by the Ras Al Khaimah Statistics Centre, the total value of mortgages in the emirate has soared from just AED 15.8 million in July 2017 to an astonishing AED 3.47 billion in July 2024—a rise exceeding 22,000% over seven years. This extraordinary leap underscores a dramatic shift in buyer behaviour, where both local and international investors are increasingly opting for mortgage-backed acquisitions to secure their stake in the emirate’s rapidly evolving real estate market. Andrei Charapenak, CEO of Major Developers, commented on this milestone: “A surge of over 22,000% in mortgage values is not just a statistic—it’s a powerful signal that Ras Al Khaimah has transitioned into a mature, finance-driven real estate market. It reflects rising investor confidence, robust demand for quality developments, and the availability of attractive financing solutions.” He continued: “This trend shows that buyers aren’t just speculating—they’re committing. Whether it’s for primary residences, investment properties, or vacation homes, we’re seeing a growing appetite for long-term ownership, and mortgages are enabling that vision.” Major Developers, a leading force in Ras Al Khaimah’s real estate sector, has been instrumental in supporting this shift through master-planned communities that combine luxury, livability, and financial accessibility. The company’s latest offerings are designed to meet the needs of today’s mortgage-savvy buyer—prioritizing quality construction, sustainability, and future-ready design. The surge in mortgage-backed purchases comes as Ras Al Khaimah continues to roll out a series of transformational initiatives—from expanding its international airport and boosting hospitality infrastructure to introducing new economic free zones and sustainability-driven urban plans. These developments are not only attracting global attention but also creating fertile ground for end-users to invest with confidence. With this financial upswing, Major Developers remains committed to enabling accessible homeownership and investment opportunities, empowering more buyers to become part of the emirate’s exciting future.

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