Ras Al Khaimah Property Market Sees Price Rises in H1 2026 Amidst Surge in Future Supply
Ras Al Khaimah's property market experienced price and rent increases in the first half of 2026, though a moderation was observed in the recent quarter, with 13,800 new homes anticipated by the end of 2028.
Ras Al Khaimah's residential property market recorded significant price and rental growth during the first half of 2026, according to a report by Cavendish Maxwell. Apartment prices rose by 6.5% year-on-year, while villa prices saw an increase of nearly 6%. Rental rates also climbed, with apartment rents up over 7% and villa rents higher by 8% over the same period.
Recent Moderation and Transaction Data
Despite the half-year gains, the most recent quarter (Q2 2026) showed a slight cooling, with apartment sales prices declining by 0.7% and villa prices falling by 0.2%. Apartment rents also saw a 1.4% decrease in the last three months, while villa rents edged up by almost 1%. Freehold ready residential transactions reached Dh625.2 million in H1 2026, marking a 24% increase from H2 2025, but a 3.3% decline compared to the first half of the previous year. This annual dip was primarily driven by villas, where transaction values dropped over 7% to just under Dh298 million.
Upcoming Supply and Market Outlook
Ras Al Khaimah is set for a substantial increase in housing supply, with 13,800 new homes projected to be delivered by the end of 2028. Cavendish Maxwell expects approximately 2,200 homes in 2026, followed by 4,700 in 2027, and 7,500 in 2028. Around 600 new residential units were delivered in H1 2026, with an additional 1,600 expected in H2.
Yousir Habib, Associate Director at Cavendish Maxwell, noted that the emirate's economic environment remains supportive, driven by continued investment, business formation, and employment growth. However, he also highlighted that regional uncertainties have led to caution among buyers and tenants, contributing to the recent softening in prices and rents.
"The opening of Wynn Al Marjan Island — currently anticipated for Autumn 2027, will be a key medium-term demand catalyst, potentially supporting tourism inflows, stimulating employment and creating additional housing demand, particularly in communities close to Al Marjan Island."
The upcoming Wynn Al Marjan Island resort, slated for autumn 2027, is expected to be a significant demand driver, particularly for properties around Al Marjan Island. The ability of the market to absorb the new supply will depend on sustained employment growth and Ras Al Khaimah's success in attracting and retaining residents, with increased competition anticipated among residential developments.
Questions, answered
- What was the year-on-year increase in apartment and villa prices in Ras Al Khaimah for H1 2026?
- Apartment prices in Ras Al Khaimah rose by 6.5% year-on-year in the first half of 2026, while villa prices increased by almost 6% during the same period.
- How much new housing supply is expected in Ras Al Khaimah by the end of 2028?
- Ras Al Khaimah is projected to receive 13,800 new homes by the end of 2028, with 2,200 expected in 2026, 4,700 in 2027, and 7,500 in 2028.
- What were the total freehold ready residential transactions in Ras Al Khaimah for H1 2026?
- Freehold ready residential transactions in Ras Al Khaimah reached Dh625.2 million in the first half of 2026. This was a 24% increase from H2 2025 but 3.3% lower than the same period last year.
- What is the anticipated impact of the Wynn Al Marjan Island opening on the Ras Al Khaimah property market?
- The opening of Wynn Al Marjan Island, expected in autumn 2027, is anticipated to be a key medium-term demand catalyst, potentially boosting tourism, creating employment, and driving additional housing demand, especially in areas near Al Marjan Island.
- Did property prices and rents show any recent moderation in Ras Al Khaimah?
- Yes, in the most recent quarter, apartment sales prices declined by 0.7%, and villa prices fell by 0.2%. Apartment rents also dropped by 1.4%, while villa rents increased by nearly 1%.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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