Ras Al Khaimah’s real estate market reached $4.1 billion in 2024, with RAK Central emerging as a key hotspot for investors, supported by strong growth prospects.
RAK Central is being positioned as Ras Al Khaimah’s next major investment district, offering early-stage opportunities similar to Downtown Dubai in its early development phase.
Transactions in Ras Al Khaimah’s real estate sector rose by 118 per cent in 2024, increasing to AED 15.08 billion ($4.1 billion) from AED 6.94 billion ($1.9 billion) in 2023.
In the first quarter of 2025, residential prices surged by 39 per cent year on year, driven by demand for luxury and branded properties on Al Marjan Island and emerging destinations such as RAK Central.
The emirate’s economy is projected to expand at around 4 per cent annually through 2027, supported by real estate, tourism, and projects such as the upcoming Wynn Al Marjan Island resort.
Analysts expect residential prices to rise by 8 to 12 per cent in 2025. Off-plan units in growth areas are launching at entry prices up to 20 per cent below completed homes, with potential appreciation of more than 20 per cent at handover.
Much like Downtown Dubai in its early days, RAK Central is seen as a ground-floor opportunity. Supported by infrastructure upgrades, the expansion of RAK Economic Zone, and destination projects designed to attract global attention, the district offers investors both strong rental yields and long-term capital growth.
