Ras Al Khaimah Records $3.38bn in Property Sales, Reports Cavendish Maxwell

RAS AL KHAIMAH, UAE – Ras Al Khaimah secured AED12.4 billion ($3.38 billion) worth of sales across 6,600 residential property transactions in 2025, with the off-plan segment accounting for 85 percent of deals, according to leading real estate advisory group and property consultancy Cavendish Maxwell.

Prices for apartments increased 13.4 percent year on year, while villa prices rose by nearly 10 percent, according to Cavendish Maxwell’s Ras Al Khaimah 2025 residential property market performance report.

At the end of the year, the average cost of an off-plan unit stood at AED1.98 million ($539,000), while a ready home cost an average AED1.16 million ($316,000).

Rental rates also increased, with annual apartment leases up 10.2 percent and villas rising 8.7 percent, supported by continued business formation, investment activity and a growing residential population.

The report shows that 1,200 new homes were delivered in Ras Al Khaimah last year, with another 1,300 due to come to the market in 2026. An additional 1,900 are planned for 2027, before a sharp rise in 2028, when 5,200 new properties are expected. In total, 8,400 residential units are scheduled over the next three years.

While macroeconomic conditions remained robust, Ras Al Khaimah’s total residential sales declined year on year, largely because of fewer new project launches compared to 2024. Off-plan sales were 17.2 percent lower, while ready property deals declined 18.7 percent, the research shows.

Yousir Habib, Associate Director at Cavendish Maxwell, said: “Despite this moderation, RAK’s underlying fundamentals stayed strong, with prices rising for both sales and rentals, reflecting continued investor and end-user interest in the emirate’s expanding portfolio of waterfront developments, branded residences, lifestyle offerings and competitive pricing.

“The outlook for 2026 is positive, thanks to macroeconomic conditions, population growth, and sustained buyer demand, subject to external factors including geopolitical developments, which could influence investor sentiment.

“With 8,400 new properties on the way between now and 2028, RAK’s ability to attract and retain residents, alongside continued enhancement of infrastructure, connectivity and amenities will be key to absorption. The Wynn Al Marjan Island, scheduled to open in spring 2027, is expected to be key to demand by boosting tourism, creating new jobs and generating additional demand for housing,” he added.

Cavendish Maxwell’s Ras Al Khaimah insight complements the company’s quarterly and annual analyses for Dubai, Abu Dhabi, Oman and Saudi Arabia. The company currently publishes more than 50 market insights annually.