Why more UAE property buyers are choosing to call Ras Al Khaimah home

Dubai: Ras Al Khaimah is rapidly emerging as one of the country’s most attractive destinations for homebuyers. And the data proves it: mortgage activity in the emirate has increased by over 22,000% in just seven years.

According to the Ras Al Khaimah Statistics Centre, mortgage values surged from Dh15.8 million in 2017 to Dh3.47 billion by mid-2024. Behind the numbers is a growing trend—more people, including long-term residents and first-time buyers, are choosing to invest in property in RAK, using mortgages as their entry point into ownership.

“This isn’t just investor speculation anymore,” says Andrei Charapenak, CEO of Major Developers. “What we’re seeing is a shift toward real, long-term commitment. People are buying to live here.”

RAK offers a compelling value proposition: property prices remain more accessible than in Dubai or Abu Dhabi, yet residents benefit from beach access, mountain views, and growing infrastructure. For those tired of rising rents or looking for quieter, family-friendly living, the appeal is clear.

Mortgage accessibility is also driving this surge. Banks are offering better terms, faster approvals, and competitive rates—especially for residents with stable income and long-term residency.

What’s especially notable is the type of buyer entering the market. Unlike the high-turnover investor activity seen in previous years, today’s buyers are primarily end-users: professionals, families, and long-term residents planning for the future—whether it’s a primary home, a retirement plan, or a holiday escape.

RAK’s new developments are responding to this demand with practical, well-designed communities that combine livability with affordability—prioritizing quality, space, and sustainability over sheer luxury.

With ongoing investment in schools, healthcare, hospitality, and transportation—plus large-scale urban planning projects—Ras Al Khaimah is positioning itself as more than just a weekend getaway. It’s becoming a viable, appealing place to live full-time.

Thinking of buying? For UAE residents exploring a more grounded, future-forward lifestyle, RAK may now be one of the most attractive—and accessible—options on the map.