Ras Al Khaimah Property Prices Rise in H1 2026 as 13,800 New Homes Are Planned by 2028
By Thasmiya
Ras Al Khaimah’s property market continued to grow during the first half of 2026, with apartment and villa prices rising year-on-year as the emirate attracts new residents, investors and major developments.
New research from property consultancy Cavendish Maxwell shows that **apartment prices increased 6.5% year-on-year in H1 2026**, while villa prices climbed by almost **6%**.
Rental costs also moved higher, but signs of moderation are beginning to appear as Ras Al Khaimah prepares for a significant wave of new housing supply. Around **13,800 new homes are expected to enter the market by the end of 2028**.
## **How Much Have Ras Al Khaimah Property Prices Increased?**
Apartment prices across Ras Al Khaimah were **6.5% higher year-on-year** during the first half of 2026.
Villa prices increased by almost **6%** over the same period.
The rental market also remained strong. Apartment rents were more than **7% higher** compared with H1 2025, while villa rents increased by around **8%**.
However, the latest quarterly movement suggests that the rapid growth may be starting to cool.
Over the most recent three-month period covered by the report, apartment sale prices declined by **0.7%**, while villa prices slipped by **0.2%**. Apartment rents were also down 1.4% quarter-on-quarter, although villa rents increased by almost 1%.
## **AED2.89 Billion in RAK Property Transactions**
The wider Ras Al Khaimah property market recorded approximately **AED2.89 billion in real estate transactions between January and June 2026**, according to official figures from Ras Al Khaimah Municipality.
Property sales accounted for **AED1.353 billion across 1,274 transactions**.
Registered mortgages reached approximately **AED1.16 billion across 463 transactions**, while property waivers had an estimated market value of around **AED380 million across 348 transactions**.
February recorded the highest monthly sales value during H1 at AED371 million, while June recorded the highest mortgage value at approximately AED418 million.
## **Ready Property Sales Reach AED625.2 Million**
Looking specifically at the freehold ready residential market, Cavendish Maxwell recorded **AED625.2 million in transactions during H1 2026**.
That was approximately 3.3% lower than H1 2025 but around 24% higher than the second half of 2025.
Apartment transaction values were relatively stable, rising 0.7% year-on-year to nearly AED328 million.
Villa transaction values fell by more than 7% year-on-year to just under AED298 million.
## **13,800 New Homes Are Coming by 2028**
One of the biggest changes facing Ras Al Khaimah’s property market is the amount of new residential supply currently under development.
Around **600 homes were delivered during H1 2026**, with another **1,600 units expected during the second half of the year**.
That would bring total 2026 deliveries to approximately **2,200 homes**.
The pipeline then becomes significantly larger, with around **4,700 homes expected in 2027** and another **7,500 in 2028**.
Altogether, approximately **13,800 new residential units are expected between now and the end of 2028**.
## **Why Are So Many Homes Being Built in Ras Al Khaimah?**
Ras Al Khaimah has been undergoing a significant tourism, hospitality and residential transformation.
New waterfront communities, branded residences, luxury resorts and apartment developments are being introduced across destinations including Al Marjan Island, Mina Al Arab and Al Hamra.
The emirate is also attracting international developers and hospitality brands, creating additional demand for both investment properties and homes for people working in the growing tourism and service sectors.
RAK Properties alone reported a **AED3.30 billion sales backlog** at the end of H1 2026, while its total assets reached AED8.86 billion.
## **Al Marjan Island Remains a Key Property Hotspot**
Al Marjan Island continues to play a major role in Ras Al Khaimah’s real estate story.
Separate ValuStrat data for Q1 2026 showed apartment capital values on Al Marjan Island increasing **13.2% annually**, outperforming the wider emirate during that period.
Al Hamra apartments followed with annual growth of 8.1%.
The concentration of resorts, beachfront residences and new branded developments has made Al Marjan Island particularly attractive to investors seeking waterfront property.
## **Wynn Al Marjan Island Could Drive More Housing Demand**
Another major factor is the upcoming opening of Wynn Al Marjan Island.
Cavendish Maxwell currently expects the resort to open in **autumn 2027** and believes it could become an important medium-term catalyst for Ras Al Khaimah’s property market.
The project could increase tourism, create employment and generate additional demand for housing, particularly in communities close to Al Marjan Island.
## **But More Supply Could Slow Price Growth**
The arrival of 13,800 homes also means buyers and investors should not assume that recent rates of price growth will continue indefinitely.
A larger supply of apartments and villas creates more competition between developments.
Cavendish Maxwell says this could lead to more measured growth in property prices and rents, particularly if new supply arrives faster than population and employment growth can absorb it.
This does not necessarily mean prices will fall significantly. Instead, it could create a more balanced market in which buyers and tenants have a wider range of options.
## **What Does This Mean for Buyers?**
For buyers, the next two years could bring considerably more choice.
New projects across waterfront and lifestyle communities mean buyers will be able to compare developers, payment plans, locations, completion dates and amenities rather than competing for limited inventory.
However, off-plan buyers should consider the amount of competing supply expected around their chosen development.
Location, developer track record, construction progress, service charges and realistic rental demand remain more important than headline projections alone.
## **What Does This Mean for Renters?**
Tenants have faced rising rents over the past year, with apartment rents up more than 7% and villas around 8% higher annually in H1.
But the upcoming supply could eventually provide renters with additional options.
The slight quarterly decline in apartment rents already suggests that some segments of the market may be entering a more moderate phase.
## **Is Ras Al Khaimah’s Property Boom Slowing Down?**
There are signs that the pace of growth is becoming more measured, but the broader market remains active.
Annual prices and rents are still higher, transaction activity remains substantial and thousands of new homes are under construction.
The important question for the second half of 2026 and beyond will be whether employment, tourism, investment and population growth can absorb the large volume of new residential supply.
Cavendish Maxwell also identifies regional geopolitical uncertainty as a factor that could influence buyer and tenant sentiment during H2 2026.
## **Why This Matters**
Ras Al Khaimah is rapidly evolving from a smaller UAE property market into a major residential, tourism and investment destination.
Apartment prices rising 6.5% and villa prices increasing almost 6% year-on-year show that demand remained strong through H1 2026.
But the next phase could look different.
With **13,800 new homes expected by the end of 2028**, buyers may gain more choice, developers will face greater competition and price growth could become more measured.
At the same time, major tourism developments—particularly around Al Marjan Island—could create new jobs, visitors and housing demand that help absorb some of that incoming supply.
### **Source Credits**
Cavendish Maxwell, Ras Al Khaimah Municipality, Emirates News Agency (WAM), RAK Properties and ValuStrat.
### **Image Credits**
Al Marjan Island and Ras Al Khaimah property development images: respective developers, property platforms and tourism/property sources.
**Verification:** Official Ras Al Khaimah Municipality figures published through WAM confirm AED2.89 billion in total real estate transactions during H1 2026. Cavendish Maxwell’s H1 findings report the 6.5% apartment price rise, nearly 6% villa increase and 13,800-unit pipeline through 2028.