The emirate’s property sector maintained steady price growth despite a year-on-year decline in total sales volume, driven primarily by fewer new project launches compared to 2024. Off-plan sales fell 17.2%, while ready property transactions dropped 18.7%, according to the property consultant’s annual analysis.
Rental rates demonstrated consistent upward momentum throughout 2025, with annual apartment leases increasing 10.2% and villa rents rising 8.7% against a backdrop of continued business formation and investment activity across the emirate.
At year-end, the average cost of an off-plan unit stood at Dh1.98 million, while ready homes averaged Dh1.16 million, reflecting a significant premium for under-construction properties as buyers positioned themselves ahead of future delivery.
Yousir Habib, associate director at Cavendish Maxwell, noted that despite the moderation in transaction volumes, the emirate’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.”
Supply Pipeline Accelerates Through 2028
The emirate delivered 1,200 new homes in 2025, with another 1,300 units scheduled to enter the market in 2026. Supply is projected to accelerate significantly in the coming years, with 1,900 properties planned for 2027, followed by a sharp increase to 5,200 new units in 2028. In total, 8,400 residential units are scheduled for delivery over the next three years.
Habib attributed the robust development pipeline to continued enhancements in the emirate’s infrastructure, connectivity, and amenities, which are attracting and retaining residents. “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 said.
Construction on the Dh18.7 billion integrated gaming resort resumed after a brief pause during the start of the US-Israel-Iran conflict in early March. The US-based operator confirmed the project remains on schedule to open early next year after topping out in the fourth quarter of 2025.
Strong Economic Fundamentals Support Market
Despite the decline in transaction volumes, macroeconomic conditions across Ras Al Khaimah remained strong throughout 2025, with robust GDP performance and continued growth in free zone license issuance supporting the residential sector’s pricing power.
The emirate’s property market performance reflects a maturing sector where pricing stability and rental growth take precedence over transaction volume as developers focus on quality projects aligned with long-term demand rather than speculative launches.
With the substantial supply pipeline scheduled through 2028 and the upcoming opening of Wynn Al Marjan Island, Ras Al Khaimah’s residential market is positioned for continued evolution as the emirate strengthens its position as an attractive destination for investors and end-users seeking value relative to neighboring markets.
Leave a Reply