Ras Al Khaimah, 01 May 2025: Ras Al Khaimah’s housing landscape is on the verge of a dramatic transformation, with the number of homes forecast to multiply significantly by the end of the decade. This expected upswing is closely linked to increased visitor traffic and high-profile projects like the Wynn resort on Al Marjan Island, as outlined in a recent Savills market review.
Development activity remains strong, with projections indicating over 11,000 new residences will come to market through ongoing and upcoming projects initiated by 2024.
In 2024, off-plan sales are powering the real estate boom, particularly in prime coastal locations like Al Marjan Island, Mina Al Arab, and Al Hamra, where property prices and rental yields are seeing substantial increases.
In the official press release by Savills, Andrew Cummings Head of Residential Agency at Savills Middle East, said: “Branded residences now account for 32 per cent of expected supply on Al Marjan Island.This reflects growing appetite for lifestyle-led, premium real estate investments.”
Ras Al Khaimah’s property market is gaining momentum in 2024, surpassing AED 11 billion in transactions. Sunshine Bay on Al Marjan Island sold out its 240 units in just three months, with an average price of AED 2,200 per square foot.
British buyers led demand, making up over 40% of investors, alongside interest from 36 other nationalities.
Tourism continues to fuel this momentum, with visitor numbers reaching 1.28 million, a 5.1% rise, while air arrivals soared 28% to 661,000.
Ras Al Khaimah’s mix of natural beauty, adventure, and seaside living is gaining significant interest, poised to reach new heights with the 2027 launch of Wynn Al Marjan Island. The 62-hectare resort will offer 1,542 rooms and introduce the UAE’s first legal gaming facility.
In the same press release, Rachael Kennerley, Head of Research at Savills Middle East, said: “RAK’s evolution is now beyond tourism alone. Infrastructure, education and lifestyle amenities are aligning to make it a long-term investment destination.”
Enhanced educational facilities and a growing variety of global cuisine are strengthening Ras Al Khaimah’s residential appeal.
During the 2023-24 academic year, the number of schools rated as 'good' rose to seven, with the British School Al Hamra achieving the first-ever 'very good' rating in the Northern Emirates.
Savills is set to unveil Anantara Mina Ras Al Khaimah Residences in April 2025, featuring 84 premium homes priced from AED 2.2 million, with completion and handover anticipated in the third quarter of 2028.
Ras Al Khaimah is rapidly evolving into a key investment and lifestyle destination, with booming tourism, rising real estate demand, and major projects like the Wynn resort driving growth. The emirate is on track to double its housing supply by 2030, supported by strong investor interest and enhanced infrastructure.
