This intense trend is expected with the railway connection of Etihad and the expansion of the RAK International Airport.
The increase in property demand is taking several developers, including the main players such as BNW Developments that end a solid portfolio of new project releases in the residential segment.
Industry experts said that the race for new project releases will lead to an approach 45,000 – 50,000 new residential units that enter the real estate market of the Emirate by 2030.
“With a strategic approach in economic diversification, the expansion of infrastructure and investigable policies with investors, the emirate is white [in real estate growth]Ankur Aggarwal, president and founder of BNW Developments, said Arab business.
“We hope that Ras al Khaimah’s real estate sector will remain in a strong ascending trajectory until 2025, with a more aggravated growth in the next 2–4 years,” he said.
Aggarwal said BNW Developments has already launched four projects in the Emirate and is ready to significantly increase that number in the near future.
The senior executives in other real estate companies also reiterated the growing demand and their plans for new releases.
RAK’s real estate market evolves rapidly among the most promising investment borders of the EAU
Experts in the sector said that the real estate market to Khaimah is rapidly evolving to one of the most promising investment borders of the EAU.
The constant appreciation of capital, especially in residential and hospitality segments, promoted by large -scale infrastructure projects and a significant influx of population and tourism, are feeding growth, they said.
Aggarwal said that annual volumes of real estate transactions in RAK are forecast to continue its upward, potentially exceeding $ 5.45 billion (20 billion AED) by 2026.
“The growing demand for the end user, the confidence of international investors and the increase in yields will be the driving factors for this,” he said.
RAK anticipates the welcome to more than 5.5 million visitors by 2030, promoted by developments such as Wynn to Marjan Island multimillionaire Wynn to Marjan Island.
It is also projected that increasing tourist arrivals almost double the hotel capacity in the Emirate by 2027, reaching more than 15,000 keys, thus increasing the demand for hospitality and residential real estate.
Industry experts said the growth of the Emirate is being promoted by established players and new participants.
According to the disseminations of Rak Mounicyity and Rakez, the current and future real estate developments representative, a combined investment of 25 billion AED in residential projects, hospitality and mixed use around the next 3 to 5 years.
The new developers who enter the market include regional actors that expand their footprint and international developers who leverage RAK’s open property model.
Industry actors said the expected addition of 45,000–50,000 new residential units in the next four to five years of existing and new projects is also crucial to address the early growth of 60 percent of the population, as estimated by the municipality of RAK.
RAK anticipates the welcome to more than 5.5 million visitors by 2030, promoted by developments such as Wynn to Marjan Island multimillionaire Wynn to Marjan Island.
It is projected that the hotel capacity almost doubles by 2027, reaching more than 15,000 keys, thus increasing the demand for hospitality and residential real estate.
Flexible free property options, payment plans subsequent to the hand of up to 24 months and reserve schemes that begin in just 10-20 percent make real estate investment in RAK accessible and low risk for global buyers, the industry actors said.
It arises in new developments that serve several lifestyle segments that add to demand peaks
Industry actors said that an increase in the new developments that serve several lifestyle segments are also helping the increase in RAK residential real estate, and also cause a transformation in the real estate landscape of the Emirate.
It is also expected that the next projects such as Wynn to Marjan Island, an integrated complex of $ 3.9 billion with residential units, catalog the demand for life against the luxury sea in the Emirate, they said.
Mina Al Arab and Hayat Island are expanding with high -end residential communities designed for both residents and long -term investors.
Meanwhile, Rakez Live, an initiative backed by the Government, is the promotion of mixed use developments aimed at professionals and SME employees who move to the Emirate.
Aggarwal said these initiatives seemed to be paying off, since the developers saw a growing number of buyers of Dubai and Abu Dhabi in their residential projects.
They are choosing Rak for their affordability, accessibility and attractiveness of lifestyle, he said.
The next expansions of RAK International Airport and the Etihad railway are ready to significantly improve accessibility, further supporting real estate growth, he said.
“We are particularly interested in developing in the segments of residential and luxury apartments, aligning with the lifestyle preferences of investors and buyers led by high -equity tourism (HNI),” said BNW Developments executive.
He said that the factors of affordability and lifestyle not only increase accessibility but also raise real estate assessments.
“Only in 2024, villas prices increased to more than 35 percent, and apartments prices up to 33 percent.
“The rental rates for apartments also saw an increase or around 42 percent, highlighting the change towards long -term residence and the confidence of investors,” said Aggarwal.
For investors, the current climate offers significant opportunities to capitalize on this transformative growth, he added.
