Ras Al Khaimah property prices rise in H1 2026, 13,800 homes due by 2028

Apartment prices rose 6.5% year-on-year, while 13,800 new homes are due by end-2028

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Stock RAK Ras Al Khaimah skyline market
Ras Al Khaimah
Virendra Saklani/Gulf News

Dubai: Ras Al Khaimah: Homebuyers and tenants in Ras Al Khaimah are entering the second half of 2026 with prices and rents still higher than a year ago, although the latest three-month figures point to some moderation in parts of the market.

Apartment prices rose 6.5% year-on-year in the first half of 2026, while villa prices climbed almost 6%, according to Cavendish Maxwell. Apartment rents increased by more than 7% over the same period and villa rents were 8% higher.

The picture changed slightly in the most recent quarter, with apartment sales prices declining 0.7% and villa prices falling 0.2%. Apartment rents also dropped 1.4% over the past three months, while villa rents increased by nearly 1%.

The figures come with Ras Al Khaimah preparing for a significant increase in housing supply, with 13,800 new homes due to enter the market between now and the end of 2028.

Ready property sales top Dh625 million

Freehold ready residential transactions reached Dh625.2 million in the first half, up 24% from H2 2025 but 3.3% lower than the same period last year.

The annual decline came mainly from villas, where transaction values fell more than 7% to just under Dh298 million. Apartment sales values were largely stable, rising 0.7% year-on-year to nearly Dh328 million.

Activity picked up during the second quarter, with transaction values reaching almost Dh354 million, nearly a third higher than Q1. Apartments accounted for close to Dh156 million in sales, while villa transactions were worth just over Dh198 million.

Around 600 new residential units were delivered during the first half of the year, with another 1,600 expected during H2.

“Ras Al Khaimah’s underlying economic environment remains supportive, with continued investment flows, business formation and employment growth providing a foundation for residential real estate demand," said Yousir Habib, Associate Director at Cavendish Maxwell Ras Al Khaimah. "However, regional uncertainty has led to more caution among buyers and tenants, in turn contributing to a softer near-term price and rental performance.”

13,800 homes coming by end-2028

Housing supply is set to increase substantially over the next two years. Cavendish Maxwell expects 2,200 homes to be delivered during 2026, followed by 4,700 in 2027 and 7,500 in 2028.

The consultancy said the ability of the market to absorb those homes will depend on continued employment growth and Ras Al Khaimah’s ability to attract and retain residents.

Habib said the increase in supply would also affect competition between residential developments.

“With 13,800 new homes in the pipeline between now and the end of 2028, upcoming supply is an important factor for the market. Increased supply means greater competition between developments, which could result in more measured price and rental growth.”

Wynn opening expected to add housing demand

Wynn Al Marjan Island, currently anticipated to open in autumn 2027, is expected by Cavendish Maxwell to become another source of residential demand, particularly around Al Marjan Island.

“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,” Habib noted.

Cavendish Maxwell said regional geopolitical developments would remain an important factor for buyers and tenants during the second half of the year, while the next set of market figures should provide more clarity on the recent moderation in prices and rents.

“Given their potential impact on buyer and tenant sentiment, regional geopolitical developments remain a key factor to monitor in H2. However, RAK’s economy has, so far, remained relatively resilient, with continued investment, business formation and employment growth in the last six months. H2 performance data should provide a clearer picture on whether the price and rent moderation is temporary or marks a broader shift in market conditions,” Habib added.

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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