Latest news with #RasAlKhaimahInternationalAirport
CairoScene
29-03-2025
- Business
- CairoScene
Ras Al Khaimah Sees 25,000% Growth in Property Transactions Since 2017
Driven by tourism and development, the emirate's real estate market has seen a sharp rise in transactions and mortgages Mar 28, 2025 Ras Al Khaimah's property market has undergone a dramatic transformation over the past seven years, with real estate transactions rising by 25,000% between June 2017 and June 2024, according to newly released data from the Ras Al Khaimah Statistics Centre. Transaction values jumped from AED 10.1 million in mid-2017 to AED 2.53 billion in the same period of 2024, while mortgage values surged by over 21,000%, reaching AED 3.47 billion by July 2024. The data reflects the emirate's emergence as a growing investment destination, particularly in the real estate and tourism sectors. Contributing to the surge are several large-scale projects and infrastructure upgrades, including the expansion of Ras Al Khaimah International Airport and the development of hospitality and entertainment venues along the coast. The emirate's appeal has been further strengthened by demand for waterfront living, particularly among regional and international investors. Recent years have also seen the completion of high-profile residential and mixed-use developments, aligning with government efforts to diversify the economy and position Ras Al Khaimah as a competitive alternative to more saturated UAE property markets.
Trade Arabia
27-03-2025
- Business
- Trade Arabia
RAK nets $688m in real estate sales amid property boom
The real estate market in Ras Al Khaimah has witnessed unprecedented growth, with transaction volumes skyrocketing by nearly 25,000% over the past seven years, according to the latest data from the Ras Al Khaimah Statistics Centre. The total value of real estate transactions in June 2024 reached an astonishing AED2.53 billion ($688 million) - an exponential leap from just AED10 million ($2.72 million) in June 2017. Similarly, mortgage values have soared, recording AED3.47 billion in July 2024, compared to AED15.8 million in July 2017 - an unprecedented increase of approximately 21,849%. This surge underscores the growing investor confidence and the emirate's rising prominence as a real estate powerhouse, said Andrei Charapenak, the CEO of Major Developers, a leading developer in Ras Al Khaimah. "Ras Al Khaimah is no longer an emerging player, it has cemented itself as a prime investment destination. The staggering increase in real estate transactions and mortgage values reflects the emirate's economic momentum, fuelled by visionary leadership, strategic infrastructure developments, and a strong appetite for premium residential and commercial spaces," he noted. The surge in transactions, he stated ,comes at a time when Ras Al Khaimah is attracting heightened interest due to its strategic initiatives, including the expansion of Ras Al Khaimah International Airport, hospitality and entertainment investments, and a strong push toward sustainable urban development.
Khaleej Times
26-03-2025
- Business
- Khaleej Times
UAE: Ras Al Khaimah real estate transactions surge 25,000% in 7 years
The real estate market in Ras Al Khaimah has grown significantly, with transaction volumes increasing by nearly 250 times or 25,000 per cent over the past seven years, according to the latest data from the Ras Al Khaimah Statistics Centre. The total value of real estate transactions in June 2024 reached Dh2,535,067,291, up from Dh10,113,300 in June 2017. Similarly, mortgage values rose to Dh3,475,928,534 in July 2024, compared to Dh15,836,398 in July 2017, an increase of approximately 21,849 per cent. This reflects growing investor confidence and the emirate's position as a real estate hub. The transaction increase comes as Ras Al Khaimah continues to attract investment through strategic initiatives, including the expansion of Ras Al Khaimah International Airport, significant hospitality and entertainment projects, and a growing focus on sustainable urban development. Christopher Cina, Director of Sales at Betterhomes, told Khaleej Times the surge in transactions is linked to increased development, improved connectivity, and growing demand for beachfront properties. 'The integrated gaming resort is expected to bring 4 million tourists a year to Ras Al Khaimah. Naturally, people prefer beachfront property as well,' he said. He also pointed to the rising number of completed projects and growing market confidence. 'Mortgage activity shows that lenders are taking the market seriously, and more importantly, it indicates that many developments are now complete. The numbers have gone up, and market sentiment has improved because, while there was limited development five years ago, today, there is a significant amount.' Andrei Charapenak, CEO of Major Developers, commented on the market growth: 'Ras Al Khaimah is no longer an emerging player it has established itself as an investment destination. The increase in real estate transactions and mortgage values reflects the emirate's economic development, driven by leadership, infrastructure projects, and demand for residential and commercial spaces.' He added: 'We are seeing a shift in investor sentiment, with luxury, sustainability, and lifestyle integration playing a major role in purchasing decisions. The real estate sector in Ras Al Khaimah is evolving to meet global standards, and new developments are catering to both local and international buyers.'
Zawya
26-03-2025
- Business
- Zawya
Ras Al Khaimah's real estate boom: Transactions surge nearly 25,000% in 7 years
Ras Al Khaimah, UAE – The real estate market in Ras Al Khaimah has witnessed unprecedented growth, with transaction volumes skyrocketing by nearly 25,000% over the past seven years, according to the latest data from the Ras Al Khaimah Statistics Centre. The total value of real estate transactions in June 2024 reached an astonishing AED 2,535,067,291—an exponential leap from just AED 10,113,300 in June 2017. Similarly, mortgage values have soared, recording AED 3,475,928,534 in July 2024, compared to AED 15,836,398 in July 2017—an unprecedented increase of approximately 21,849%. This surge underscores the growing investor confidence and the emirate's rising prominence as a real estate powerhouse. Andrei Charapenak, CEO of Major Developers, commented on this remarkable market transformation: 'Ras Al Khaimah is no longer an emerging player—it has cemented itself as a prime investment destination. The staggering increase in real estate transactions and mortgage values reflects the emirate's economic momentum, fuelled by visionary leadership, strategic infrastructure developments, and a strong appetite for premium residential and commercial spaces.' Major Developers, a key player in Ras Al Khaimah's booming property sector, has been at the forefront of this growth, delivering landmark projects that cater to the rising demand from local and international investors. 'We are seeing a paradigm shift in investor sentiment—luxury, sustainability, and lifestyle integration are driving purchasing decisions. Major Developers is committed to shaping the future of real estate in Ras Al Khaimah, introducing world-class developments that align with global standards,' Charapenak added. The surge in transactions comes at a time when Ras Al Khaimah is attracting heightened interest due to its strategic initiatives, including the expansion of Ras Al Khaimah International Airport, hospitality and entertainment investments, and a strong push toward sustainable urban development. As the emirate continues its growth, Major Developers remains committed to leveraging this momentum, spearheading innovative projects that redefine the real estate landscape in Ras Al Khaimah. About Major Developers Major Developers is a UAE-based real estate company specializing in delivering luxury living experiences across prime locations. Known for their commitment to quality, innovation, and sustainability, Major Developers create bespoke residential communities that redefine modern living dedicated to enhancing lifestyles through architectural excellence and cutting-edge amenities. Major Developers' projects are designed to offer a perfect blend of comfort, functionality, and elegance, catering to the evolving needs of discerning homeowners and investors. For more information, pls visit .
See - Sada Elbalad
13-03-2025
- General
- See - Sada Elbalad
UAE Delivers 32 Tons of Humanitarian Aid to Gaza
Israa Farhan The United Arab Emirates has delivered 32 tons of food supplies and relief packages to the Gaza Strip as part of its ongoing humanitarian mission, Operation Gallant Knight 3. Hamoud Saeed Al Afari, the UAE's Relief Operations Coordinator, confirmed that the country's humanitarian efforts in Gaza are continuing through air, land, and sea channels, in line with the directives of the UAE's leadership. The shipment, which departed from Ras Al Khaimah International Airport, was transported to Egypt in preparation for its entry into Gaza. Al Afari stated that the total volume of aid delivered to Gaza since the launch of the operation has now exceeded 60,000 tons. The UAE's humanitarian efforts also include operating a field hospital in Gaza, which has treated over 50,000 patients and conducted more than 1,820 surgeries. In a separate initiative, the International Humanitarian Charitable Organization and the Humaid Bin Rashid Al Nuaimi Foundation distributed special Ramadan food packages to families in Gaza as part of the operation. The UAE continues to operate an air and sea bridge to deliver medical and food supplies, as well as humanitarian aid ships, reinforcing its leading role in global relief efforts and rapid response to humanitarian crises. Khaled Al Khaja, Secretary-General of the International Humanitarian Charitable Organization, emphasized that the UAE remains dedicated to supporting the Palestinian people and strengthening its position as a global leader in humanitarian aid. He added that the UAE's continuous support aims to ease the suffering of those affected, provide hope, and bring relief to those in need. With its ongoing efforts, the UAE continues to lead international humanitarian initiatives by offering sustainable aid and medical assistance to the people of Gaza.
