RAK to Add 25,600 New Homes by 2030, Says Cavendish Maxwell

RAS AL KHAIMAH, UAE – Ras Al Khaimah is set to deliver 25,600 new residential units by 2030, with apartments accounting for 97% of future supply, according to new research from real estate advisory and property consultancy Cavendish Maxwell.

The report highlights continued momentum across the emirate's residential market, driven by population growth, foreign investment, infrastructure expansion and strong off-plan sales activity.

Following the delivery of 170 homes during the first quarter of 2026, a further 1,700 units are expected to be completed this year, with another 23,900 homes scheduled for delivery by the end of the decade. According to Cavendish Maxwell, 2029 is expected to be the busiest year for handovers, with approximately 9,100 units due for completion.

The consultancy noted that Ras Al Khaimah's population, currently estimated at 450,000, is projected to reach 650,000 by 2030, supporting long-term demand for residential property.

The emirate also attracted US$10.62 billion (AED39 billion) in foreign direct investment across 17 projects during 2025, the highest among the UAE's emirates. In the first quarter of 2026, economic licence capital increased 15.5% year-on-year to reach US$3.13 billion (AED11.5 billion).

Commenting on the market, Yousir Habib, Associate Director at Cavendish Maxwell Ras Al Khaimah, said:

"RAK is undergoing major infrastructure investment in roads, aviation and maritime, strengthening regional connectivity and supporting the emirate’s 2030 economic diversification and competitiveness goals. As a result, the residential real estate sector secured AED12.3 billion worth of sales across 6,600 transactions last year, when sales prices and rental rates jumped considerably. The market is now undergoing a sustained period of new supply."

Off-plan market leads residential sales

According to the report, off-plan transactions accounted for 85% of residential sales during 2025, generating US$3.05 billion (AED11.2 billion) in transaction value.

More than 40% of the 25,600 residential units scheduled for delivery by 2030 will be developed by RAK Properties, Al Hamra Real Estate and Ellington Properties, while Aldar, BNW Developments and Source of Fate Properties are also contributing significantly to the emirate's expanding residential pipeline.

During the six months between October 2025 and March 2026, apartment sales prices increased by almost 5%, while villa prices rose by nearly 4%. Rental rates also continued to strengthen, rising by more than 6% for apartments and 5% for villas.

Infrastructure investment supports growth

Cavendish Maxwell attributes much of the market's momentum to major infrastructure investments across the emirate.

Road upgrades to the E11 Sheikh Mohammed bin Salem Road and the E311 Sheikh Mohammed Bin Zayed Road are expected to reduce travel times between Ras Al Khaimah and Dubai by 45%.

Meanwhile, Ras Al Khaimah International Airport is expanding its facilities with a 30,000-square-metre passenger terminal, a VVIP terminal and an 8,000-square-metre aircraft hangar, supporting its target of handling 3 million passengers annually by 2028.

At Saqr Port, a new deep-water multi-purpose facility is also under development to accommodate Capesize vessels measuring up to 290 metres in length and carrying up to 400,000 tonnes of bulk cargo.

Office market also records growth

The report also highlighted continued strength in Ras Al Khaimah's office market.

Office rental rates increased 8.6% between the first quarter of 2025 and the first quarter of 2026, while rents rose 5.3% between October 2025 and March 2026.

The emirate's commercial property pipeline includes 82,000 square metres of Grade A office space within the upcoming RAK Central development, alongside the Erisha Smart Manufacturing Hub at Al Ghail Industrial Park, which will span 2.32 million square metres.