The emirate of Ras Al Khaimah witnessed a tremendous performance in the first half of the year. The sustained increase in international visitors and new numerous master development projects that have been announced, is positioning itself as an increasingly attractive real estate market within United Arab Emirates.
Key highlights from our report includes:
- 3,9 Bil AED (equivalent to 1.07 Bil USD) in real estate sales transactions values
June 2024 marked a record month, with sales values soaring to 2.5 Bil AED (equivalent to 690 Mil USD)
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)
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 seprate custom research report for a particual area or project in the emirate ? Get in touch!
Ras Al Khaimah real estate market first half 2024 report
- About and key figures about the emirate
- Local economic conditions and key indicators
- Sales transactions
- Mortgage transactions
- Gifts transactions
- Key trading area
- Land transactions
- Top investors nationalities
- Freehold properties sales
- Latest news and initiatives
- Why Ras Al Khaimah?