In 2024, the Lands and Properties sector of Ras Al Khaimah Municipality achieved outstanding results, with registered real estate transactions exceeding AED15 billion.
This highlights the strong activity and substantial growth within the emirate’s real estate market.
A total of 2,985 sales transactions were recorded, valued at over AED6 billion. In addition, 1,224 mortgage transactions were completed, totaling more than AED4 billion, along with 845 assignment transactions, which amounted to over AED3 billion in market value.
A recent project in Ras Al Khaimah that made headlines is the BNW Developments’ ‘Pelagia’ at Al Marjan Island, promising investment potential, offering 1–4-bedroom luxury apartments and premium retail spaces at a prime waterfront location.
Their Founder and Chairman, Ankur Aggarwal, alongside Co-Founder and Managing Director, Vivek Anand Oberoi described the project as “a serene paradise” and “a game changer for both investors and homeowners.”
Starting at AED2.3 million, all the apartments come fully furnished, and the project is set for completion by December 2027. Among its previous successes is ‘Aqua Arc,’ another project that garnered widespread acclaim within the real estate industry.
