RAS AL KHAIMAH, United Arab Emirates, Aug 21 (Bernama-BUSINESS WIRE) — Ras Al Khaimah is undergoing an extraordinary real estate transformation, positioning itself as one of the UAE’s most dynamic property markets. This momentum is fueled by the progressive vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah.
The Emirate is reshaping its skyline while advancing a diversified economy built on sustainability, strategic planning, and world-class developments that enhance overall quality of life.
In recent years, property prices and sales have soared, supported by a pipeline of residential, commercial, and hospitality projects. With the population projected to grow from 400,000 to 650,000 by 2030, demand for an estimated 45,000 new homes is expected to further accelerate the market. Global developers such as Emaar, Aldar, and Ellington have joined local leaders including Marjan, Al Hamra, and RAK Properties in driving this expansion.
A focal point of Ras Al Khaimah’s growth is Al Marjan Island, a premier waterfront destination led by CEO Eng. Abdullah Al Abdooli. The development is attracting globally renowned brands such as Wynn, JW Marriott, Nobu, Missoni, and The Address. Marjan is also spearheading RAK Central, a mixed-use business and lifestyle hub designed to foster innovation and investment.
Developer Al Hamra, under CEO Benoy Kurien, continues to define integrated living through its landmark Al Hamra Village—home to over 4,000 residences and a thriving community of 10,000 residents. Its portfolio also includes upscale projects such as Waldorf Astoria Residences, Falcon Island, and Al Hamra Waterfront.
Meanwhile, RAK Properties is elevating the Emirate’s coastline with its flagship Mina project, already anchored by award-winning resorts from Anantara and InterContinental, with upcoming additions like Nikki Beach and Four Seasons further boosting its luxury appeal.
“The vision for Ras Al Khaimah is becoming reality,” said Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties. “We are creating a vibrant, sustainable environment that continues to attract international investment.”
CEO Sameh Muhtadi added: “We are witnessing unprecedented global interest in Ras Al Khaimah—and the momentum is only set to accelerate.”
