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Ras Al Khaimah hits AED 12.4bn home sales, off-plan at 85%

Cavendish Maxwell reports Ras Al Khaimah recorded AED 12.4 billion across 6,600 residential transactions in 2025, with off-plan accounting for 85% of deals.

Apartment prices rose 13.4% year-on-year, while villas increased nearly 10%. Average off-plan unit prices reached AED 1.98 million versus AED 1.16 million for ready homes.

Rents climbed 10.2% for apartments and 8.7% for villas.

Supply remains limited, with 1,200 homes delivered in 2025. A further 8,400 units are scheduled between 2026 and 2028, including 5,200 in 2028 alone.

Total sales declined year-on-year due to fewer launches, with off-plan deals down 17.2% and ready transactions falling 18.7%.

Gulf Economist Staff Writer