Ras Al Khaimah property sales fall 24% in 2025 as prices continue to rise
A Cavendish Maxwell report highlighted that off-plan transactions continued to dominate the market, accounting for approximately 85 per cent of total sales activity
25 April, 2026
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Ras Al Khaimah’s residential real estate market recorded a moderation in transaction activity in 2025, even as prices and rents continued to rise, reflecting resilient underlying demand, according to a new report by Cavendish Maxwell.
The emirate registered approximately 6,600 residential sales transactions during the year, marking a 17.4 per cent year-on-year decline from around 8,000 deals in 2024. Total transaction value also fell sharply by 24.7 per cent to Dhs12.4bn, largely due to fewer off-plan project launches and a more selective investment environment.
Despite the slowdown in volumes, price growth remained strong across both major segments. Apartment sales prices rose by 13.4 per cent year-on-year, while villa prices increased by 9.7 per cent. Rental rates also recorded notable growth, with apartment rents rising 10.2 per cent and villa rents up 8.7 per cent over the same period.
The report highlighted that off-plan transactions continued to dominate the market, accounting for approximately 85 per cent of total sales activity. However, off-plan volumes declined by 17.2 per cent to around 5,600 transactions, while ready property deals dropped by 18.7 per cent to about 1,000 transactions.
Yousir Habib, associate director at Cavendish Maxwell, said: “Despite this moderation, RAK’s underlying fundamentals stayed strong, with prices rising for both sales and rentals, reflecting continued investor and end-user interest in the emirate’s expanding portfolio of waterfront developments, branded residences, lifestyle offerings and competitive pricing.
“The outlook for 2026 is positive, thanks to macroeconomic conditions, population growth, and sustained buyer demand, subject to external factors including geopolitical developments, which could influence investor sentiment.
“With 8,400 new properties on the way between now and 2028, RAK’s ability to attract and retain residents, alongside continued enhancement of infrastructure, connectivity and amenities will be key to absorption. The Wynn Al Marjan Island, scheduled to open in spring 2027, is expected to be key to demand by boosting tourism, creating new jobs and generating additional demand for housing,” he added.

On the supply side, the market remained relatively constrained in 2025, with only around 1,200 residential units delivered. However, the pipeline is expected to accelerate in the coming years, with approximately 1,300 units scheduled for completion in 2026 and 1,900 units in 2027, before a more significant increase to 5,200 units by 2028.
The broader macroeconomic backdrop in Ras Al Khaimah remained supportive, with the emirate’s GDP estimated to have grown by 4.3 per cent in 2025, underpinned by a diversified economic base including tourism, real estate, manufacturing, and logistics . Business activity also strengthened, with new business licences rising by 31.5 per cent and total active licences reaching nearly 22,000 by year-end, while Ras Al Khaimah Economic Zone (RAKEZ) recorded a 44 per cent increase in new company registrations.
Looking ahead, the outlook for 2026 remains positive, supported by population growth, continued investor interest, and economic expansion. The anticipated opening of major tourism-led developments, including Wynn Al Marjan Island, is expected to act as a key demand driver for the residential sector.
However, the report cautioned that geopolitical tensions in the region could pose risks to investor sentiment and inbound demand, requiring close monitoring in the near term.
Industry experts noted that the market is entering a more mature phase, with sustainability increasingly dependent on balancing supply and demand, disciplined pricing, and continued infrastructure and tourism-led growth

























