Ras Al Khaimah (RAK) has 25,600 new residential units in the pipeline between now and 2030, with apartments accounting for 97% of future supply, according to a report by leading real estate advisory group and property consultancy, Cavendish Maxwell.
The report said around 1,700 homes are scheduled for delivery in 2026 after 170 units were completed in the first quarter, while a further 23,900 units are expected to be handed over between 2027 and 2030.
Residential property transactions totalled 6,600 last year, with sales valued at AED12.3 billion ($3.35 billion), the report said. Off-plan properties accounted for about 85% of transactions and generated AED11.2 billion in sales, said the expert.
Deliveries are projected to peak in 2029, with about 9,100 units due for completion. This robust growth is due to the rising demand driven by population growth, higher foreign investment and expanding business activity in the emirate, it added.
According to Cavendish Maxwell, the off-plan activity dominates residential sales, accounting for 85% of transactions and contributing AED11.2 billion in sales last year.
More than 40% of the 25,600 units coming to the market over the next four years will be delivered by RAK Properties, Al Hamra Real Estate and Ellington Properties, with Aldar, BNW Developments and Source of Fate Properties also among the key developers fuelling the emirate’s real estate growth, it stated.
On the northern emirate’s tremendous growth, Yousir Habib, the Associate Director at Cavendish Maxwell Ras Al Khaimah, said: “RAK is undergoing major infrastructure investment in roads, aviation and maritime, strengthening regional connectivity and supporting the emirate’s 2030 economic diversification and competitiveness goals. As a result, the residential real estate sector secured AED12.3 billion worth of sales across 6,600 transactions last year, when sales prices and rental rates jumped considerably.”
“The market is now undergoing a sustained period of new supply,” he stated.
Cavendish Maxwell said the apartment sale prices rose nearly 5% and villa prices almost 4% between October 2025 and March 2026, while apartment and villa rents increased by more than 6% and 5%, respectively.
Ras Al Khaimah's office market also recorded growth, with office rents rising 8.6% year-on-year in the first quarter, supported by new commercial developments including RAK Central and the Erisha Smart Manufacturing Hub, it added.-TradeArabia News Service
