Ras Al Khaimah (RAK) is seeing a real estate boom with developers rushing to Al Marjan Island and RAK Central to meet growing demand. The trend sparked by the announcement of the Wynn Al Marjan resort in 2022 continues to attract investment from UAE and international developers.

Dubai-based Pantheon Development is launching a Dh1-billion mixed-use project, One Central, featuring luxury apartments, offices and hotel units. Other key projects include RAK Properties' Raha Island, Aark Developers' Sora Beach Residences and Almal Real Estate’s new hotel and residences on Al Marjan Island.

As high-net-worth individuals flock to the emirate, property prices and rents have surged. Rents in prime areas rose by up to 22% in 2024 with prices expected to triple in the coming years as RAK targets 3 million tourists by 2030.