New Apartments Projects in Ras Al Khaimah

Yes. RAK’s apartment sector delivered sustained capital appreciation in 2025, with average apartment values increasing 32% year-on-year, according to CBRE MENA. The emirate’s growth is underpinned by structural demand drivers including population growth, tourism expansion and a supply-demand imbalance projected to persist through the end of the decade. Off-plan apartments in freehold waterfront communities such as Al Marjan Island and Mina Al Arab have shown particularly strong performance. Branded residences command pricing premiums of 35% to 50% over comparable non-branded units, reflecting their superior design quality, name recognition and integrated property management.

Gross rental yields for apartments in RAK’s freehold communities average approximately 5,4% to 6%, with some communities and unit types generating higher returns. Yields are supported by rising rental demand: average apartment rents across the emirate increased by approximately 25% year-on-year in 2025. Furnished and branded apartments in waterfront locations typically achieve premium rental rates compared to unfurnished stock, reflecting the growing preference among tenants for turnkey, lifestyle-oriented residences. Short-term holiday rental demand is also expected to increase as RAK’s tourism infrastructure matures and visitor numbers approach the government’s 3.5 million annual target.

Yes. Foreign nationals can purchase freehold property in designated zones within Ras Al Khaimah, including Al Marjan Island, Al Hamra Village, Mina Al Arab, and Al Mairid. No UAE residency visa or Emirates ID is required to complete a purchase. Buyers receive a title deed registered with the Ras Al Khaimah Municipality, granting full ownership rights including the ability to sell, lease, mortgage or bequeath the property. The process can be completed remotely using a power of attorney if the buyer is not present in the UAE.

Ras Al Khaimah does not impose annual property tax, rental income tax or capital gains tax on residential property. The primary transaction cost is a one-time registration fee of 4%, payable to the RAK Municipality upon transfer of the title deed. There is no stamp duty. This tax-free structure applies equally to UAE nationals and foreign investors, making RAK one of the most cost-efficient property markets for net rental income and long-term capital retention.

The Wynn Al Marjan Island integrated resort, valued at USD 5.1 billion, is scheduled to open in early 2027 following its topping out in Q4 2025. The project includes approximately 1,500 hotel rooms, over 20 restaurants and lounges, retail, entertainment venues and a deep-water marina. Since its announcement, Al Marjan Island has outperformed other RAK communities: apartments recorded 16,8% year-on-year capital appreciation in Q3 2025, the highest of any community in the UAE during that period. The resort is expected to attract significant additional visitor traffic, supporting both short-term rental demand and long-term price appreciation for apartments in surrounding developments.

Branded residences are developed in partnership with internationally recognised design, fashion or hospitality houses, with interiors furnished to the specifications of the brand partner. In RAK, branded apartments command pricing premiums of approximately 35% to 50% over comparable non-branded units, reflecting the added value of design quality, name recognition and integrated property management services. Branded projects also tend to achieve faster sales absorption and stronger resale liquidity. Mira Developments' RAK portfolio includes Gianfranco Ferré Residences on Al Marjan Island, furnished with Gianfranco Ferré Home pieces, and Mira Coral Bay in Al Mairid, featuring residences by international brands.

Yes. The emirate offers a quieter, nature-oriented alternative to Dubai while maintaining access to essential family infrastructure. RAK’s school system includes private institutions following British, American, Indian and IB curricula. Healthcare facilities include eight hospitals and a growing network of clinics. Residential communities such as Mina Al Arab and Al Hamra Village are built around family-oriented amenities including parks, playgrounds, pools and beach access. The emirate consistently ranks among the safest locations in the UAE, and drive times to Dubai’s major employment centres are approximately 45 to 60 minutes via the E11 highway.

Yes. Foreign buyers who invest AED 2 million or more in freehold property in Ras Al Khaimah qualify for a 10-year renewable UAE Golden Visa processed through the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP). Following the February 2026 update, there is no longer a minimum down-payment requirement. The investment threshold can be met through a single property or by combining the value of multiple RAK properties. Off-plan properties from approved developers also qualify, provided the total purchase price meets the threshold and the property is registered with the RAK Municipality. The Golden Visa allows the holder to sponsor family members and does not require the investor to reside in the UAE.