Average real estate prices in Ras al Khaimah in the 1st quarter of 2025 increased by 37% compared to the same period in 2024, as several expensive branded projects entered the market. The average price per square foot in apartments reached 1,684 dirhams ($455), in villas 1,145 dirhams ($309). These are the data from the CBRE consulting company.
After the Wynn Hotel received the first casino license in the UAE, the flow of investors rushed to the emirate, making it an important destination in the elite segment.
The rental market has also shown growth. The cost of renting apartments in Ras al Khaimah increased by 12% in the year to March 2025, and villas by 5%, while rental rates for expensive villas increased by 10-15%. In January and March 2025, 1,300 transactions totaling 2.4 billion dirhams were concluded in new buildings in the emirate. This is 4% less than in the previous quarter, but the comparison is with the period when the historical record for sales for the quarter was reached.
Real estate near the casino in Ras al Khaimah: more expensive tomorrow
Source: CBRE
