emirates7 - Ras Al Khaimah is experiencing an unprecedented surge in its real estate sector, rapidly emerging as one of the UAE’s fastest-growing property markets, driven by the visionary leadership of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of the Emirate.
The emirate is steadily transforming its urban skyline while advancing a diversified and resilient economy. This effort is part of a broader strategy focused on sustainable urban planning, enhancing residents’ quality of life, and delivering world-class projects.
Over the past three years, Ras Al Khaimah has seen substantial increases in real estate sales and prices, fueled by landmark developments across residential, commercial, and hospitality sectors. Population growth—from 0.4 million to an anticipated 0.65 million by 2030—is expected to drive demand for approximately 45,000 additional housing units.
This sustained growth is supported by a diversified economy, investor-friendly regulations, and the participation of major global developers such as Emaar, Aldar, and Ellington Properties, alongside leading local players including Marjan, Al Hamra, and RAK Properties.
Central to this transformation is Al Marjan Island, a premier coastal destination rapidly developing under Eng. Abdulla Al Abdooli, CEO of Marjan. The island hosts luxury hotel brands like Wynn, JW Marriott, Nobu, Missoni, and The Address. Its expansion includes “RAK Central,” a mixed-use economic hub combining residential, business, and leisure spaces. Once complete, it is set to become one of the Northern Emirates’ largest commercial districts, offering premium Grade-A offices and embracing green building practices aligned with Ras Al Khaimah Vision 2030.
Al Hamra Real Estate Development, led by CEO Benoy Kurien, continues to set high standards for integrated living through projects such as “Al Hamra Village,” which features over 4,000 residential units, a golf course, and a community of more than 10,000 residents. The company is also behind developments including Waldorf Astoria Residences, Falcon Island, Al Hamra Waterfront, and “Manar Mall,” the Emirate’s largest and most iconic shopping destination.
On the coastline, RAK Properties is enhancing the waterfront with its flagship project “Mina,” home to award-winning resorts like Anantara Mina Ras Al Khaimah and InterContinental Ras Al Khaimah. Upcoming additions include Nikki Beach, Staybridge Suites, and a planned Four Seasons Hotel. Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, emphasizes that Ras Al Khaimah’s vision is becoming a reality, creating a sustainable and vibrant environment that draws global investment while preserving the Emirate’s cultural and natural heritage. CEO Sameh Muhtadi highlights that Ras Al Khaimah has attracted unprecedented global attention over the past two years, with confidence in continued growth.
The real estate boom is supported by robust infrastructure, including eight hospitals such as the state-of-the-art RAK Hospital, and a modern education system overseen by the Ras Al Khaimah Department of Knowledge. The Emirate consistently ranks among the world’s safest places, reinforcing its appeal for residents seeking stability.
Tourism also plays a crucial role in Ras Al Khaimah’s development. In 2024, the Emirate welcomed a record 1.28 million visitors, drawn to attractions such as Jais Flight—the world’s longest zipline—Bear Grylls Explorers Camp, and “1484 by Puro,” the highest-elevation dining experience in the UAE. RAK Hospitality Holding, led by CEO Alison Grinnell, continues to strengthen the sector through strategic hotel acquisitions and innovative offerings.
Industry experts agree that Ras Al Khaimah is one of the region’s fastest-growing markets, with beachfront apartments, luxury villas, golf communities, and lifestyle hubs attracting both investors and residents. Guided by its 2030 Vision, the Emirate is advancing a sustainable, inclusive strategy that places people at the center of development.
With increasing global investment and residency, Ras Al Khaimah is positioning itself as a benchmark for smart cities, vibrant communities, and opportunity-driven living.
The emirate is steadily transforming its urban skyline while advancing a diversified and resilient economy. This effort is part of a broader strategy focused on sustainable urban planning, enhancing residents’ quality of life, and delivering world-class projects.
Over the past three years, Ras Al Khaimah has seen substantial increases in real estate sales and prices, fueled by landmark developments across residential, commercial, and hospitality sectors. Population growth—from 0.4 million to an anticipated 0.65 million by 2030—is expected to drive demand for approximately 45,000 additional housing units.
This sustained growth is supported by a diversified economy, investor-friendly regulations, and the participation of major global developers such as Emaar, Aldar, and Ellington Properties, alongside leading local players including Marjan, Al Hamra, and RAK Properties.
Central to this transformation is Al Marjan Island, a premier coastal destination rapidly developing under Eng. Abdulla Al Abdooli, CEO of Marjan. The island hosts luxury hotel brands like Wynn, JW Marriott, Nobu, Missoni, and The Address. Its expansion includes “RAK Central,” a mixed-use economic hub combining residential, business, and leisure spaces. Once complete, it is set to become one of the Northern Emirates’ largest commercial districts, offering premium Grade-A offices and embracing green building practices aligned with Ras Al Khaimah Vision 2030.
Al Hamra Real Estate Development, led by CEO Benoy Kurien, continues to set high standards for integrated living through projects such as “Al Hamra Village,” which features over 4,000 residential units, a golf course, and a community of more than 10,000 residents. The company is also behind developments including Waldorf Astoria Residences, Falcon Island, Al Hamra Waterfront, and “Manar Mall,” the Emirate’s largest and most iconic shopping destination.
On the coastline, RAK Properties is enhancing the waterfront with its flagship project “Mina,” home to award-winning resorts like Anantara Mina Ras Al Khaimah and InterContinental Ras Al Khaimah. Upcoming additions include Nikki Beach, Staybridge Suites, and a planned Four Seasons Hotel. Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, emphasizes that Ras Al Khaimah’s vision is becoming a reality, creating a sustainable and vibrant environment that draws global investment while preserving the Emirate’s cultural and natural heritage. CEO Sameh Muhtadi highlights that Ras Al Khaimah has attracted unprecedented global attention over the past two years, with confidence in continued growth.
The real estate boom is supported by robust infrastructure, including eight hospitals such as the state-of-the-art RAK Hospital, and a modern education system overseen by the Ras Al Khaimah Department of Knowledge. The Emirate consistently ranks among the world’s safest places, reinforcing its appeal for residents seeking stability.
Tourism also plays a crucial role in Ras Al Khaimah’s development. In 2024, the Emirate welcomed a record 1.28 million visitors, drawn to attractions such as Jais Flight—the world’s longest zipline—Bear Grylls Explorers Camp, and “1484 by Puro,” the highest-elevation dining experience in the UAE. RAK Hospitality Holding, led by CEO Alison Grinnell, continues to strengthen the sector through strategic hotel acquisitions and innovative offerings.
Industry experts agree that Ras Al Khaimah is one of the region’s fastest-growing markets, with beachfront apartments, luxury villas, golf communities, and lifestyle hubs attracting both investors and residents. Guided by its 2030 Vision, the Emirate is advancing a sustainable, inclusive strategy that places people at the center of development.
With increasing global investment and residency, Ras Al Khaimah is positioning itself as a benchmark for smart cities, vibrant communities, and opportunity-driven living.