Property boom in Ras Al Khaimah ahead of the opening of the Wynn casino

Mounir, founder of DRN Dubai Real Estate, a French estate agency in Dubai

By Mounir Redjdal

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Ras Al Khaimah (RAK) is rapidly emerging as a property division a leading player in the United Arab Emirates, offering investors outstanding opportunities. In just one year, the property prices in the region have seen an impressive rise of 35 %, accompanied by rental yields attractive rates of up to 9 %, according to local experts.

Imobiliare Dubai points out that Ras Al Khaimah is positioning itself as a top destination for property investors, thanks to its unique combination of natural landscapes, by’strategic locations and innovative development policies.

The property market in Ras Al Khaimah

The property sector In Ras Al Khaimah, there has been a steady increase in property values and some returns on investment remarkable. Over the last twelve months, the apartment prices have grown to 35 %, generating internal rate of return (IRR) ranging from 20 and 30 %.

Al Marjan Island is one of the most sought-after areas for buying property, showing rental yields greater than 9 %, thereby outperforming other emirates.

This development highlights the’growing appeal from RAK for investors looking for high yields on less saturated markets, strengthening its position as favourite destination to maximise the property investments.

New development opportunities in Ras Al Khaimah

The surge in popularity of RAK has prompted property developers from across the country to launch new projects. Among them is the DAMAC’s first project in RAK, in collaboration with Babolex, marks an important milestone. This development of luxury aims to attract high-net-worth buyers and some international investors, adding a touch of sophistication in the RAK property market.

This project is part of a wider trend towards’luxury extensions, meeting the expectations of buyers looking for’exclusive and luxury amenities.

Growth in the hospitality sector in Ras Al Khaimah

Property opportunities in RAK are not limited to residential properties. The hotel sector is also experiencing rapid growth, driven by the emirate’s ambition to position itself as a a must-visit tourist destination.

Among the flagship projects is the Wynn Al Marjan Island, a multi-billion-dollar hotel complex, is set to open its doors in 2026. Nestled on Al Marjan Island and offering spectacular sea views, this resort is expected to generate a a significant influx of tourists and improve the occupancy rate, thereby leading to increased demand for property surrounding areas.

The promising future of Ras Al Khaimah

As Ras Al Khaimah continues to capitalise on its strengths and attract the’global interest, the property sector remains a key component of its economic development.

With promising new projects on the horizon and a strategic focus on the growth and the diversification, RAK presents unrivalled opportunities for investors and residents, promising a dynamic future full of potential and in prosperity.

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Mounir Redjdal

Founder of DRN Real Estate

Mounir Redjdal is an entrepreneur and the founder of DRN Dubai Real Estate, a French-speaking estate agency based in Dubai since 2017.

An active investor in the Middle East for over 15 years, he supports international investors with a structured, long-term approach.

Under his leadership, DRN has exceeded €100 million in transactions in 2021 and has established itself in Dubai’s French-speaking market.

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