Ras Al Khaimah Drives UAE Real Estate Boom with Rapid Sales Growth

Ras Al Khaimah is rapidly emerging as one of the UAE's fastest-growing real estate markets, driven by the visionary leadership of Sheikh Saud bin Saqr Al Qasimi and a strategic focus on sustainable urban planning and economic diversification. The population is projected to grow from 400,000 to 650,000 by 2030, creating demand for approximately 45,000 new residential units, supported by major developments in hospitality, commercial, and residential sectors. Key projects include Al Marjan Island, which hosts luxury hotel brands and the mixed-use RAK Central hub, as well as Al Hamra Village and the Mina coastal development by RAK Properties, all contributing to reshaping the emirate's skyline. Investor-friendly regulations and the involvement of leading developers such as Emaar, Aldar, and Ellington Properties alongside strong local players have reinforced the market's momentum. This growth is part of a broader Gulf region trend, with markets in Dubai, Saudi Arabia, and Kuwait also experiencing significant real estate sales increases, supported by strong demand, lower borrowing costs, and government spending. Dubai, in particular, continues to lead with high transaction volumes, increasing investor numbers, and rental yields surpassing global benchmarks.