Ras Al Khaimah Emerges as One of the Fastest-Growing Real Estate Markets

Ras Al Khaimah, August 19, 2025 - Ras Al Khaimah is experiencing an unprecedented real estate boom, solidifying its position as one of the fastest-growing property markets in the UAE. This growth is driven by the visionary leadership of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, who has prioritized sound urban planning, sustainability, and quality of life for citizens and residents.

Rapid Growth Backed by Visionary Planning

Over the past three years, Ras Al Khaimah has seen remarkable increases in real estate sales and property values. This surge has been fueled by landmark developments in hospitality, commercial, and residential sectors. With the population projected to rise from 0.4 million to 0.65 million by 2030, the Emirate anticipates demand for approximately 45,000 additional housing units in the next five years.

This growth reflects the emirate’s diversified economy, investor-friendly regulations, and entry of world-renowned developers such as Emaar, Aldar, and Ellington Properties, alongside established local leaders Marjan, Al Hamra, and RAK Properties.

Al Marjan Island: The Epicenter of Development

At the center of the transformation is Al Marjan Island, a premier coastal destination led by Eng. Abdulla Al Abdouli, CEO of Marjan. The island hosts global luxury brands including Wynn, JW Marriott, Nobu, Missoni, and The Address, shaping Ras Al Khaimah into a luxury tourism and lifestyle hub.

As part of its ambitious expansion, Marjan is developing “RAK Central”, a new mixed-use district set to become one of the largest commercial hubs in the Northern Emirates. RAK Central will integrate Grade-A office spaces, premium residences, and leisure facilities, built with sustainable design principles aligned with the Ras Al Khaimah Vision 2030.

Al Hamra’s Flagship Communities

Al Hamra Real Estate Development, under the leadership of CEO Benoy Kurien, continues to redefine integrated living. Its flagship Al Hamra Village offers more than 4,000 residential units and a championship golf course, creating a thriving community of over 10,000 residents.

Al Hamra’s portfolio also includes Waldorf Astoria Residences, Falcon Island, Al Hamra Waterfront, and Manar Mall, the emirate’s largest retail and leisure destination.

RAK Properties Expands the Waterfront

RAK Properties is enhancing Ras Al Khaimah’s coastline through its landmark development Mina, already home to award-winning resorts such as Anantara Mina Ras Al Khaimah and InterContinental Ras Al Khaimah. Future additions will include Nikki Beach, Staybridge Suites, and a planned Four Seasons Hotel.

Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, said: “The vision of Ras Al Khaimah is now becoming a reality. We are creating a vibrant and sustainable environment that attracts global investment while preserving the unique culture and natural heritage of our Emirate.”

Sameh Muhtadi, CEO of RAK Properties, added: “Ras Al Khaimah is receiving unprecedented global attention due to exceptional efforts over the past two years. We are confident this momentum will continue.”

Infrastructure, Safety, and Quality of Life

Supporting the boom is a robust infrastructure network, including eight hospitals such as the advanced RAK Hospital, as well as a modern private education system regulated by the RAK Department of Knowledge. The Emirate consistently ranks among the safest places globally, reinforcing its attractiveness for families and long-term residents.

Tourism as a Growth Driver

Tourism remains a vital pillar of Ras Al Khaimah’s growth strategy. In 2024, the Emirate welcomed a record 1.28 million visitors, drawn to attractions such as Jais Flight—the world’s longest zipline, Bear Grylls Explorers Camp, and the 1484 by Puro restaurant, the highest dining spot in the UAE.

RAK Hospitality Holding, led by CEO Alison Grinnell, plays a pivotal role in expanding the tourism sector, spearheading hotel acquisitions and innovative guest experiences.

A Benchmark for Future Cities

With its dynamic mix of beachfront apartments, luxury villas, golf communities, and lifestyle hubs, Ras Al Khaimah continues to attract both investors and residents from around the world. Guided by the Ras Al Khaimah Vision 2030, the Emirate is shaping a future based on inclusivity, sustainability, and community-driven growth.

As more developers, investors, and residents enter the market, Ras Al Khaimah is rapidly becoming a benchmark for smart cities, vibrant communities, and opportunity-led living in the region.