Tag: retail property prices

  • RAK Retail Property Prices Soar Up to 348% in H1 2026

    RAK Retail Property Prices Soar Up to 348% in H1 2026

    Average retail property prices in key Ras Al Khaimah locations recorded sharp annual increases during the first half of 2026, led by Al Marjan Island and RAK Central, according to data from Property Finder released on August 5, 2026.

    The average price of retail properties on Al Marjan Island reached Dh19.7 million, up 348 percent from Dh4.4 million in the first half of 2025. RAK Central recorded a 254 percent increase to an average of Dh11.9 million, while retail property prices in Al Hamra Village rose 44 percent to Dh2.4 million.

    The figures point to growing investor interest in Ras Al Khaimah’s commercial property market as the emirate expands its tourism, residential and business infrastructure.

    Retail Rents Rise Across RAK

    Average retail rents in Mina Al Arab increased 109.9 percent year-on-year to Dh187,490, while Al Qusaidat recorded an 83.3 percent rise to Dh58,528. Retail rents on Al Marjan Island grew by a more moderate 5.8 percent to Dh181,564.

    In the office market, average rents in Al Seer more than doubled to Dh61,211, while the Corniche area recorded a 15.6 percent increase to Dh155,058. Julfar office sale prices rose 3.9 percent to an average of Dh613,800, while Al Marjan Island office prices averaged Dh8.6 million.

    Dubai Office Rents Maintain Growth

    Dubai’s commercial property market also recorded strong annual rental growth in several leading business districts. Average office rents in Jumeirah Lakes Towers increased 30.6 percent to Dh475,870 during the first half, while Deira recorded a 23.4 percent rise to Dh64,391.

    Sheikh Zayed Road office rents increased 14.5 percent to Dh578,394, while Business Bay rose 11.4 percent to Dh421,041. The performance aligns with broader trends observed across the emirate’s commercial office sector during Q2 2026.

    Among retail locations, Deira recorded the strongest increase, with average rents rising 61.5 percent to Dh643,855. Jumeirah Village Circle retail rents increased 33.4 percent to Dh511,536, while Arjan rose 19.3 percent to Dh422,612.

    Dubai’s office sales market also recorded increases across several districts. Property Finder’s figures showed average first-half sale prices of about Dh10.6 million in Business Bay, Dh6 million in Jumeirah Lakes Towers and Dh2.45 million in Jumeirah Village Circle.

    The data, however, showed varying performance between the first and second quarters, reflecting differences in property size, quality and the composition of listings in each location.

    Growth Across Abu Dhabi and Sharjah Locations

    In Abu Dhabi, average retail rents in Khalifa City increased 17.1 percent to Dh665,200, while Al Raha Beach recorded an 8.5 percent rise to about Dh317,449. Al Reem Island office rents increased 7.4 percent to Dh570,030, while average retail sale prices at Al Raha Beach rose 11.5 percent to Dh5.2 million.

    Average office sale prices on Al Reem Island increased 28 percent to Dh3.8 million, according to the data. The capital’s commercial sector has shown resilience alongside the residential market, which recorded 17.8 percent annual price growth in Q2 2026.

    Sharjah also recorded strong rental growth in selected commercial locations. Average office rents in Al Majaz rose 64.4 percent to Dh121,627, while Sharjah Industrial Area recorded an increase of 57.3 percent to Dh61,262. Office rents in Al Qasimia increased 41.3 percent to Dh122,765, while retail rents in Muwaileh rose 42.3 percent to Dh88,796.

    The figures also showed declines in some areas, underscoring the varied performance of the commercial property market across different asset types and locations. The expansion of commercial infrastructure across northern emirates reflects the broader diversification of the UAE’s property market beyond Dubai and Abu Dhabi’s traditional dominance.