The emirate of Ras Al Khaimah demonstrated robust growth throughout 2024. The strategic initiatives and increasing investor interest from international markets, adding to new master development projects that have been announced through the year, is positioning itself as an increasingly attractive real estate market within United Arab Emirates.
Key highlights from our report includes:
- 15 Bil AED (equivalent to 4.08 Bil USD) in overall real estate transactions values
- June 2024 marked a record month, with sales values soaring to 2.5 Bil AED (equivalent to 690 Mil USD)
- mortgages values saw a staggering 119% increase in Q3
Al Marjan Island recorded the highest sale value in the first half of the year, for a plot of land worth 640 Mil AED (or 174 Mil USD) in June
The emirate continues to improve it's appeal as a preferred business and leisure destination in UAE, which has a positive impact for real estate demand from residents or expats alike.
Our monthly reports, uncovers interesting facts for property investors, development companies, owners and other real estate stakeholders, in relation to the dynamics of the market, based on transactions from RAK Gov data.
Want to request a separate custom research report for a particular area or project in the emirate ? Get in touch!
Ras Al Khaimah real estate market full year 2024 report
- About and key figures about the emirate
- Local economic conditions and key indicators (GDP, CPI, business and tourism statistics)
- Sales transactions per quarter
- Mortgage transactions per quarter
- Gifts transactions
- Key trading area
- Land transactions
- Top investors nationalities
- Freehold properties sales
- Latest news and economic initiatives
- Why Ras Al Khaimah?