Prime apartment prices in Ras Al Khaimah have reached the highest level in the current cycle, driven by strong capital appreciation across coastal destinations including Al Marjan Island, Al Hamra, and Mina Al Arab, according to CBRE.
Global real estate consultancy CBRE reported that prime apartment sales prices hit Dh2,428 per square foot in 2025, marking the peak of the current market cycle. Villa prices also strengthened, rising to an average of Dh1,211 per square foot, with robust growth recorded within Al Hamra.
Overall market values climbed sharply, with average apartment prices increasing 32 percent year-on-year and villa prices rising 11 percent.
RAK Central Defines New Business Hub
While Al Marjan Island anchors Ras Al Khaimah’s leisure-led identity, RAK Central is emerging as the emirate’s work-and-play district—a future business hub integrating offices, residences, hospitality, and lifestyle in one connected urban core.
The development will require billions of dirhams in investment to accommodate over 6,000 professionals and 4,000-plus residential units, attracting numerous UAE developers who have launched multiple projects in the area.
BNW Developments recently announced the first Radisson Blu Hotel and Radisson Blu Residences in RAK Central.
“RAK Central is a clear statement of where Ras Al Khaimah is headed, and we help drive that momentum alongside partners of global calibre,”
said Dr Vivek Anand Oberoi, managing director and co-founder of BNW Developments.
The Radisson Blu Hotel, RAK Central, will comprise 361 keys within a newly built property positioned above curated retail and cinema offerings, while Radisson Blu Residences will include 222 branded units.
Elie Milky, chief development officer for the Middle East at Radisson Hotel Group, described entering RAK Central as “an exciting step” bringing a premium hotel and residential offering rooted in strong operations and consistent service.
Tourism Growth Drives Development
The much-awaited opening of the $5.1-billion Wynn Al Marjan Island, an integrated gaming resort, remains on schedule for early 2027 after topping out in the fourth quarter of 2025. This landmark project strengthens the profile of both Al Marjan Island and RAK Central as a world-class tourist destination.
Ras Al Khaimah is targeting 3.5 million tourists by 2030, requiring substantial hospitality infrastructure across the emirate. RAK Central will play a key role in meeting this target and accommodating future tourist growth.
According to CBRE, the emirate’s plan to reach 3.5 million visitors by 2030 and double its hotel keys is anchored by the strategic attraction of global brands and the addition of new master plans such as RAK Central, Marjan Beach, and the upcoming Jebel Jais master plan, alongside further expansion of Mina and Al Hamra Village.
Despite a year-on-year reduction in overall sales volume and total transaction value—primarily due to mid-market launches in emerging districts like RAK Central—the market witnessed a strong rebound in the fourth quarter of 2025, underscoring ongoing depth of demand.
For context, RAK’s 32% apartment price appreciation in 2025 positioned it among the UAE’s fastest-growing investment destinations, while neighboring markets continue their own expansion trajectories.