UAE: Ras Al Khaimah Real Estate Booming After Massive 118% Surge In Transactions
The booming Ras Al Khaimah real estate market saw a record-breaking surge in 2024, with total transactions soaring to AED15.08bn ($4.1bn), according to the emirate's Municipality figures.
This represents a remarkable 118 per cent increase from AED6.94bn ($1.9bn) in 2023.
This unprecedented growth underscores Ras Al Khaimah's rising appeal among investors and homebuyers, further solidifying its position as one of the UAE's most promising real estate markets.
The surge in transactions reflects the emirate's continued transformation into a hub for high-end yet accessible real estate, offering a unique blend of luxury, affordability, and long-term investment potential.
With its prime waterfront developments, strategic infrastructure projects, and expanding entertainment offerings, including the much-anticipated Wynn Al Marjan Island, with the first UAE casino, Ras Al Khaimah is attracting both global and regional investors seeking high-yield opportunities.
Andrei Charapenak, CEO of Major Developers, said: 'The extraordinary growth in real estate transactions in Ras Al Khaimah is a testament to the emirate's evolution into a top-tier investment destination. As an early believer in Ras Al Khaimah's potential, Major Developers continues to shape its future by delivering premium waterfront projects that align with the emirate's vision for sustainable and high-value real estate.
'In 2024 we have witnessed a surge in demand confirming that investors and homebuyers alike recognize the unique opportunities this market offers, and we remain committed to delivering world-class developments that maximize long-term returns.'
Projects such as Al Marjan Island—home to some of the most sought-after waterfront residences in the UAE— are seeing heightened demand, with investors eyeing strong rental returns ahead of the Wynn Resort's grand opening.
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