Why you should invest in Ras Al Khaimah real estate right now

09 Apr 2024

Over the past six months, we've witnessed a surge in demand for Ras Al Khaimah real estate from buyers hailing from Russia, CIS countries, Europe, locals – virtually everyone. The northernmost emirate is attracting more and more capital: investors recognize that the time to invest is now, while the city is at the early stages of its transformation.

Prices will increase by at least 50%

The upcoming gaming resort on Al Marjan Island will serve as the primary catalyst for real estate price growth. It's anticipated that following the opening of the Wynn casino in 2027, prices will increase by an additional 50%.

Add to this the allure of a private beach, luxurious sea views, year-round sunshine, and a more comfortable climate than Dubai or Abu Dhabi – and we have a surefire asset that will appreciate rapidly.

A tourism hub

The emirate also aspires to become a regional tourism hub, and it stands every chance of achieving this. Consider this: not only does it boast a coastline, but also mountainous landscapes – a rarity in the Persian Gulf region. Residents from MENA countries overwhelmingly flock to Ras Al Khaimah for leisure. Initially, they rent hotel rooms, then move on to apartments or townhouses, and eventually purchase completed homes or villas.

Cheaper than Dubai

Despite the high demand, Ras Al Khaimah real estate is cheaper than in Dubai or Abu Dhabi. The price difference can be attributed to the fact that the entire infrastructure hasn't yet fully developed in Ras Al Khaimah. There are still not enough large malls, green parks, new beaches, and so forth. But rest assured, all of this will materialize in the coming years. And as the city expands, so too will the prices.

That's why it's important to invest now while the market is on the rise.

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