Ras Al Khaimah’s real estate market booms with record growth

Ras Al Khaimah’s real estate sector has seen growth, with transaction volumes soaring by nearly 25,000% over the past seven years, according to data from the Ras Al Khaimah Statistics Centre.

In June 2024 alone, real estate transactions reached AED 2.53 billion ($2.535 billion), a leap from AED 10.1 million ($2.8 million) in June 2017.

Mortgage activity followed a similar trajectory, rising from AED 15.8 million ($4.3 million) in July 2017 to AED 3.47 billion ($946.5 million) in July 2024—marking a staggering 21,849% increase.

This sharp upswing reflects booming investor confidence and the emirate’s transformation into a regional real estate powerhouse.

“Ras Al Khaimah is no longer an emerging market—it’s a premier investment destination,” said Andrei Charapenak, CEO of Major Developers. “The surge in transactions and mortgages reflects strong economic momentum, driven by visionary leadership, infrastructure investment, and rising demand for luxury and sustainable living.”

The growth comes as the emirate ramps up strategic projects, including the expansion of Ras Al Khaimah International Airport, large-scale hospitality and entertainment investments, and an accelerated push toward sustainable urban development.