“Why Ras Al Khaimah Real Estate Transactions Leapt 118% in 2024”

Real estate transactions in RAK jumped 118% in 2024 to about AED 15.08 billion (~US$4.1bn), up from AED 6.94bn (~US$1.9bn) in 2023.

1. What’s Driving the Surge

High demand for luxury and branded residences, especially on Al Marjan Island and in emerging areas like RAK Central.

Major infrastructure and mega-project development, such as the Wynn resort at Al Marjan.

RAK Central: positioned as a new investment hub with long-term growth potential.

Residential property prices jumped 39% year-on-year in Q1 2025.

Analysts forecast an additional 8-12% price increase through 2025.

Off-plan properties remain cheaper but carry higher growth prospects.

4. Investment Potential & Considerations

5. Risks & Challenges

6. What It Means for Buyers & Investors

End-users: Rising prices suggest buying sooner rather than later.
Investors: Best opportunities in early-stage off-plan projects, particularly in RAK Central.
Long-term outlook: Continued growth expected as RAK diversifies its economy through tourism and real estate.