The most sought-after areas in Ras Al Khaimah currently include Al Marjan Island, Mina Al Arab, and Al Hamra Village. Projects featuring private beaches in these locations are experiencing the highest demand.
High Demand for Studios and 1-Bedroom Units in Ras Al Khaimah
Data from MPP indicates a strong demand for studios and one-bedroom units in Ras Al Khaimah, driven by investors seeking holiday and short-term rental opportunities. Studio prices have increased by 10-15% in the last quarter, while one-bedroom units have seen a rise of 5-10%.
Branded apartments, three-bedroom units, and waterfront villas priced at AED 7 million and above are popular among buyers seeking personal residences or secondary holiday homes. Larger properties are gaining interest, with one example being a 2-bedroom apartment in Mina Al Arab that increased in value by AED 500,000 (24%) in just a few weeks.
To maintain momentum through the slower summer months, developers are offering promotions such as post-handover payment plans, waived registration fees, and other deals valid until the end of August.
Maxim Novikov, Head of the RAK Branch at Metropolitan Premium Properties, commented:
“The surge in property prices in Ras Al Khaimah reflects the growing attractiveness of the emirate as a real estate investment destination. With ongoing developments and increasing demand, we anticipate prices to rise by 50% by the time the Wynn casino opens. For investors looking to take advantage of the market, the time to act is now.”
Currently, the most sought-after areas in Ras Al Khaimah include Al Marjan Island, Mina Al Arab, and Al Hamra Village, with projects featuring private beaches seeing the highest demand.
