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What you should know about Ras Al Khaimah:
Government-Driven Transformation: $1.4 Billion Development Pipeline
RAK Properties has unveiled a massive AED 5 billion ($1.4 billion) development pipeline for 2025, including the Mina masterplan with projects like Mirasol on Raha Island. This initiative reflects the government’s commitment to transforming RAK into a premier destination for luxury living and tourism. Sources
Real Estate Transactions Surge by Nearly 118% in 2024
In 2024, RAK’s real estate market experienced a remarkable 118% increase in transactions, reaching a total value of AED 15.08 billion ($4.1 billion). This surge indicates a booming market and growing investor confidence in the emirate’s real estate sector. Sources
Significant Increase in Property Prices
According to Bayut’s 2024 market report, the sales price of villas in RAK rose by up to 35.65%, while apartment sales prices increased by up to 33.3%. These substantial gains highlight the strong demand and appreciation in property values within the emirate.
With Ras Al Khaimah transforming fast, the window of opportunity won’t stay open for long.
“Don’t wait to buy real estate. Buy real estate and wait.”
— Will Rogers