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

Ras Al Khaimah's property market continues to experience higher prices and rents this second half of 2026 compared to the previous year. Apartment prices have risen by 6.5% year-on-year, while villa prices have increased almost 6%, as per Cavendish Maxwell. However, rents for apartments have seen a more significant increase of over 7%, with villa rents being 8% higher during the same period.

In the most recent quarter, apartment sales prices dropped by 0.7%, and villa prices decreased slightly by 0.2%. Yet, apartment rents declined by 1.4% over the past three months, while villa rents rose by nearly 1%. There are 13,800 new homes set to enter the market between now and the end of 2028, with Cavendish Maxwell forecasting 2,200 homes in 2026, followed by 4,700 in 2027 and 7,500 in 2028.

The market's ability to absorb these new homes will depend on continued employment growth and Ras Al Khaimah's ability to attract and retain residents. The opening of Wynn Al Marjan Island in autumn 2027 is expected to boost housing demand, especially in communities near Al Marjan Island, providing a medium-term demand catalyst.

Regional geopolitical developments will continue to influence buyer and tenant sentiment, and H2 performance data will offer more clarity on whether the recent price and rent moderation is temporary or signifies a broader shift in market conditions.