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Published on 12/27/2024

Ras Al Khaimah Real Estate Market Sees 70% Growth in 2024

Affordable Luxury and Strong Rental Yields Drive Ras Al Khaimah’s Real Estate Boom

Ras Al Khaimah's real estate market has experienced remarkable growth with transactions reaching AED 11.95 billion in the first three quarters of 2024, a 70% increase from AED 3.84 billion in 2020. This surge highlights the emirate’s transformation into one of the UAE’s fastest-growing real estate markets.

The emirate offers affordable luxury living compared to other global markets, attracting both investors and residents. With developments like the Wynn Resort, Ras Al Khaimah is becoming a major entertainment hub further boosting its appeal. Its focus on sustainability and eco-friendly developments is also resonating with modern buyers.

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Ras Al Khaimah’s rental market remains strong driven by a growing expatriate population and demand for quality properties. Strategic projects like Manta Bay with affordable studios starting at AED 1.20 million, offer excellent investment potential, especially with the upcoming Wynn Resort nearby. Investors can expect attractive rental yields with potential annual returns of up to 15%.

With its combination of affordable luxury, a thriving rental market and strategic developments, Ras Al Khaimah is rapidly becoming a top choice for investors and homebuyers in the UAE.