Ras Al Khaimah Sees 25,000% Growth in Property Transactions Since 2017

Ras Al Khaimah’s property market has undergone a dramatic transformation over the past seven years, with real estate transactions rising by 25,000% between June 2017 and June 2024, according to newly released data from the Ras Al Khaimah Statistics Centre.

Transaction values jumped from AED 10.1 million in mid-2017 to AED 2.53 billion in the same period of 2024, while mortgage values surged by over 21,000%, reaching AED 3.47 billion by July 2024. The data reflects the emirate’s emergence as a growing investment destination, particularly in the real estate and tourism sectors.

Contributing to the surge are several large-scale projects and infrastructure upgrades, including the expansion of Ras Al Khaimah International Airport and the development of hospitality and entertainment venues along the coast. The emirate’s appeal has been further strengthened by demand for waterfront living, particularly among regional and international investors.

Recent years have also seen the completion of high-profile residential and mixed-use developments, aligning with government efforts to diversify the economy and position Ras Al Khaimah as a competitive alternative to more saturated UAE property markets.