Ras Al Khaimah’s Real Estate Market Soars 118% in 2024.

Ras Al Khaimah’s real estate market has seen incredible growth, with total transactions reaching AED 15.08 billion in 2024. This is a huge jump of 118% compared to AED 6.94 billion in 2023, according to the latest data from the Ras Al Khaimah Municipality. The massive increase shows that more people are investing in the emirate’s property market, making it one of the fastest-growing in the UAE.

The rise in real estate activity highlights Ras Al Khaimah’s transformation into a hotspot for property buyers and investors. The emirate offers a mix of luxury and affordability, making it attractive for those looking for long-term investments. New waterfront developments, major infrastructure projects, and exciting attractions—like the upcoming Wynn Al Marjan Island—are drawing both regional and international buyers who see great potential in the market.

Developers Confident in Future Growth
Speaking about this success, Andrei Charapenak, CEO of Major Developers, said, “The rapid growth in Ras Al Khaimah’s real estate sector proves that the emirate has become a top investment destination. We believed in this market early on, and now we are shaping its future by creating high-quality waterfront projects. The demand for property here has been increasing throughout 2024, showing that buyers and investors see great value in this market. We will continue to build world-class developments that offer excellent returns.”

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A Growing Lifestyle and Tourism Hub
Ras Al Khaimah is not only growing in real estate but also becoming a popular destination for tourism and luxury living. The emirate’s hospitality industry is expanding, with new resorts, better flight connections, and smart urban planning making it even more attractive.

One of the most in-demand locations is Al Marjan Island, home to stunning waterfront properties. With the much-anticipated Wynn Resort set to open soon, investors are eyeing strong rental returns in the area.

Major Developers, one of the key players in Ras Al Khaimah’s transformation, is helping shape this growth by launching new residential and mixed-use projects designed for both homeowners and investors. With its excellent lifestyle offerings, investor-friendly policies, and strong rental income potential, Ras Al Khaimah has firmly established itself as one of the most exciting real estate markets in the UAE. As demand continues to rise, developers across the emirate are working on iconic projects that redefine modern waterfront living and offer promising investment opportunities.