RAK Property Market Logs Dh12.4 Billion in Sales as Off-Plan Commands 85% of Deals

Prices rise across apartments and villas even as total transaction volumes moderate, with 8,400 new homes set to enter the market through 2028.

Ras Al Khaimah's residential property market closed 2025 with Dh12.4 billion in total sales across 6,600 transactions, according to a new report by property consultancy Cavendish Maxwell. Off-plan deals drove the market, accounting for 85 per cent of all activity — a clear signal of sustained investor confidence in the emirate's development pipeline.

Prices Hold Firm Despite Softer Volumes

While overall transaction numbers declined year-on-year, largely due to fewer new project launches compared to 2024, pricing momentum held firmly in positive territory. Apartment values climbed 13.4 per cent year-on-year, while villa prices recorded a 9.7 per cent increase over the same period. Off-plan sales were down 17.2 per cent, and ready property deals fell 18.7 per cent — but these figures reflect a supply-side pause, not a weakening of demand. At year-end, the average off-plan unit was priced at Dh1.98 million, while a ready home averaged Dh1.16 million.

Rental Market Strengthens Alongside Sales

The rental segment mirrored the strength seen in capital values. Annual apartment leases rose 10.2 per cent, with villa rents up 8.7 per cent — supported by continued business formation, growing free zone activity, and a steadily expanding residential population.

Yousir Habib, Associate Director at Cavendish Maxwell, noted that despite the moderation in volumes, the emirate's underlying fundamentals stayed strong, with rising prices for both sales and rentals reflecting ongoing investor and end-user interest in RAK's waterfront developments, branded residences, and competitively priced lifestyle offerings.

Supply Pipeline Points to a Bigger 2028

A total of 1,200 new homes were delivered across Ras Al Khaimah in 2025, with another 1,300 units expected to reach the market this year and 1,900 more scheduled for 2027. The pipeline accelerates sharply in 2028, when 5,200 new properties are projected to arrive — bringing the three-year total to 8,400 residential units.

This expansion is underpinned by ongoing improvements to the emirate's infrastructure, transport connectivity, and leisure amenities, all of which are drawing new residents and retaining those already established.

Wynn Al Marjan Island: The Catalyst Ahead

The opening of the Wynn Al Marjan Island integrated resort — now confirmed to open in spring 2027 — is expected to be a defining catalyst for the next phase of RAK's property market. The Dh18.7 billion project, which topped out in Q4 2025, is anticipated to significantly boost tourism, generate new employment, and drive additional housing demand across the emirate.

For investors, the combination of rising prices, strong rental yields, a growing supply pipeline, and a marquee hospitality anchor positions Ras Al Khaimah as one of the UAE's most compelling property markets heading into 2027 and beyond.

For the original reporting and detailed market insights, please refer to the source: Khaleej Times.