RAK apartment prices rise 18% as luxury demand grows
Rental demand remained strong, with apartment rents up 14.3 per cent year-on-year, led by Mina Al Arab and Al Marjan Island
21 September, 2026
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Ras Al Khaimah’s residential property market continued to record strong year-on-year growth during the first half of 2026, with apartment sales values rising around 18 per cent to Dhs2,298 per square foot, according to new research from CBRE Middle East.
Villa sales values increased 7.3 per cent over the same period, although CBRE said pricing and absorption levels have moderated since the end of February following a period of rapid growth.
Waterfront communities continued to lead the market, with apartment values on Al Marjan Island increasing 23.1 per cent year-on-year and Al Hamra recording growth of 14.7 per cent.
The ready-property market also registered higher prices, with apartment values rising 11 per cent and villa values increasing 10 per cent compared with the same period last year.
Rental demand remained strong, with apartment rents up 14.3 per cent year-on-year, led by Mina Al Arab and Al Marjan Island.
Luxury deals set new records
RAK’s luxury segment recorded several major transactions during the first half, including the $35.4m sale of the Sky Palace at Waldorf Astoria Residences, which CBRE said was the highest-value residential transaction recorded in the emirate.
A penthouse at the same project sold for $15m, while a Sky Mansion at Mondrian Al Marjan Island Beach Residences changed hands for $34.7m.
The emirate is now preparing for a significant increase in residential supply. More than 34,000 units are expected to be delivered between 2026 and 2030, including around 10,000 branded residences.
Projects announced during the period included The Strand and Lunara by RAK Properties, Beyond Developments’ Dhs25bn Evermore masterplan and Karl Lagerfeld Beach Residences on Al Marjan Island.
RAK hotel visitors reach record 670,400
Tourism performance was more mixed during the first half. Ras Al Khaimah welcomed a record 670,400 hotel visitors, up 2.7 per cent year-on-year, supported by stronger domestic and GCC demand.
Domestic visitor numbers and arrivals from GCC markets both increased 47 per cent year-on-year.
Hotel operating performance, however, softened. Average occupancy stood at 49 per cent, while revenue per available room (RevPAR) declined 28.6 per cent to Dhs348 per night.
Average daily rates (ADR) increased 5.2 per cent to Dhs705.6, while hotels generated more than Dhs606m in total revenue during the six-month period, including Dhs385m from rooms and Dhs192m from food and beverage operations.
RAK currently has around 9,000 hotel keys across 60 properties, with another 8,500 keys planned between 2027 and 2030. More than 80 per cent of the future supply is expected to be in the five-star segment, with nearly two-thirds located on Al Marjan Island.

The emirate’s development pipeline also includes the $5.1bn Wynn Al Marjan Island integrated resort, which is expected to open in September 2027.
During H1 2026, the RAK Chamber of Commerce & Industry reported Dhs771.5m in new investment capital across 967 newly registered establishments, involving 1,399 investors from 68 nationalities and an expected 2,449 jobs.
Matthew Green, head of research at CBRE MENA, said: “The pace of change we are witnessing in Ras Al Khaimah continues to impress. Despite a more challenging regional backdrop, investor interest in the emirate remains evident, supported by a growing pipeline of high-profile development and infrastructure projects.”
He added: “While we are beginning to see a moderation in some performance indicators including absorption levels and sales pricing following an exceptional period of growth, overall activity levels remain positive. With major hospitality, residential and tourism projects continuing to progress, Ras Al Khaimah is well positioned to strengthen its role as one of the UAE’s most compelling investment and lifestyle destinations in the coming years.”



















