“A nearly ninefold increase in real estate activity (real estate activity in Q1 2025 compared to Q1 2017) reflects a market that has moved far beyond speculation,” said Andrei Charapenak, CEO of Major Developments. “Buyers and investors today are looking for stability, infrastructure, and long-term value, and they’re finding that in Ras Al Khaimah.”
Luxury brands propel prices
The most visible sign of RAK’s ascent is the aggressive entry of global luxury and hospitality brands into the residential space. This has directly impacted property valuations. Metropolitan Premium Properties data shows prices have risen by 10% to 15% year-to-date, with villa and apartment sales averaging 15% to 20% higher than in the third quarter of 2024. Certain premium, off-plan, and branded residences have seen price growth of 30% to 50%.
“With major developers bringing branded residences such as Anantara Residences and ENTA MINA by RAK Properties, Fairmont Residences by Ardee Developments and Soto Grande by Ellington, coupled with infrastructure upgrades and iconic projects like the Wynn resort, the Emirate is attracting serious interest from global investors,” said Maxim Novikov, Head of the RAK branch at Metropolitan Premium Properties. “We see this as just the beginning of RAK’s real estate growth story.”
The trend of branded residences is not a fleeting one. Research by CBRE Middle East suggests that branded residences are expected to comprise 25% of the upcoming freehold supply to be delivered by 2030, with approximately 4,800 units planned. Luxury names like Ritz-Carlton and Armani are already part of this market expansion.
Off-plan dominance and new masterplans
Current demand is concentrated on established hubs like Al Marjan Island, Mina, and Al Hamra Village, alongside the newly launched RAK Central. Off-plan properties currently command the market, accounting for a massive 95% of transactions, showcasing strong investor confidence in future developments. Re-sale activity in the off-plan segment is also rising, another indicator of conviction among early buyers.
The city’s urban fabric is being expanded through ambitious new master communities, including the 85-million-square-foot Marjan Beach and Maireed Island.
Further reinforcing RAK’s status as a luxury hub are upcoming launches, including Palazzo Tissoli, Mondrian Residences, Hard Rock Hotel, Four Seasons, and Armani Villas.