Ras Al Khaimah is fast emerging as the leading destination for UAE real estate investors ahead of the opening of the Wynn Al Marjan Island resort.
The property prices in the emirate have risen by up to 25 percent in the past eight months and are projected to increase by another 50 percent ahead of the opening of the Wynn Al Marjan resort in 2027.
The surge in property prices demonstrates the attractiveness of the emirate as a real estate investment destination.
The RAK market is generating strong interest from investors, particularly from the US, UK, Europe, and CIS countries. There is also a great demand from the Chinese investors for the property in the region.
According to the data by MPP, studios and one-bedroom units are in the highest demand, driven by investors looking for profitable holiday and short-term rental opportunities. Prices for studios have increased by an average of 10-15 percent in the last quarter, while one-bedroom units have seen a rise of at least 5-10 percent.
Larger properties, branded apartments, three-bedroom units, and waterfront villas priced at Dh7 million and above are favoured by buyers looking for primary residences or second holiday homes.
Some of the most sought-after areas currently include Al Marjan Island, Mina Al Arab, and Al Hamra Village, with projects featuring private beaches experiencing the highest demand. Al Marjan Island continues to be the preferred choice for pure investment, offering substantial potential returns, while Al Hamra Village and Mina Al Arab are popular among investors seeking properties for personal use.
