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• Soil investigation and topographical survey completed
• Site mobilization works completed
• Enabling works completed
• Dewatering works completed
• Piling works completed

Phase 2 – Main Work Stream (In Progress)

• Foundation works are 50% completed
• Substructure waterproofing works are 90% completed

Phase 3 – Services & Systems (Initiated)

• MEP works commenced and currently at 1% progress

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This expansion, led by Sheikh Salem bin Sultan Al Qasimi, Chairman of the Department of Civil Aviation and the Airport’s Board, isn’t just about increasing passenger capacity. It’s a calculated move to transform RAK into a global gateway, attracting travellers, businesses, and investors from Europe, Asia, and the Middle East.

In 2024, RAK Airport recorded a 28% surge in arrivals, nearly double the 2022 figures. According to Raki Phillips, CEO of Ras Al Khaimah Tourism, direct flights from Bucharest, Prague, Moscow, Almaty, Tashkent, Warsaw, Katowice, Jeddah, and Hyderabad have significantly widened the emirate’s reach across global markets.

Why This Matters for Investors

The rapid growth of RAK Airport directly enhances the value of Ras Al Khaimah real estate. Improved connectivity brings more international footfall, strengthens hospitality demand, and increases economic activity, creating long-term upside for residential and commercial property investors.

As Ras Al Khaimah emerges as a prominent tourist destination, destinations like Al Marjan Island are drawing global attention. But while leisure is booming, the emirate’s focus is equally strong on creating a long-term economic core; this is where RAK Central comes in.

RAK Central Debuts As The New Commercial Core

Strategically located, RAK Central is Ras Al Khaimah’s designated Central Business District (CBD), encompassing government headquarters, administrative centres, Fortune 500 companies, business and blockchain zones, technology parks, and high-value real estate assets. As the city’s ever-buzzing corridor, it sits at the intersection of government vision and global capital. Just minutes away from the world’s largest upcoming Wynn Resort, on Al Marjan Island, Mina Al Arab, Al Hamra and Falcon Island, the district benefits from close proximity to high-end marinas, waterfront dining, and premium tourism activity. Yet, unlike its neighbours, RAK Central delivers stronger urban infrastructure, integrated city planning, and significantly more competitive pricing, making it a smarter bet for both end-users and long-term investors.

The expansion of RAK Airport stands as a strategic inflexion point, strengthening Ras Al Khaimah’s investment landscape and reinforcing the long-term value proposition of Major Developers’ real estate assets.

Source:
Khaleej Times, Travel’s Dubai, British Aviation Group and Ras Al Khaimah International Airport

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One of the UAE’s quickest-emerging real estate sectors, Ras Al Khaimah has attracted big developers in the UAE and beyond seeking high-performing opportunities in residential, commercial, and hotel property. Compared to other peak-performing emirates like Dubai and Abu Dhabi, RAK is becoming a perfect place for real estate investment with high-yielding returns and value for the long term. The rise in property investment reflects belief in RAK as a top destination for sustainable development and high returns.   

Ras Al Khaimah: A New Investment Powerhouse  

The increase in property investment shows that people believe RAK is a great place for sustainable growth and good returns. RAK was considered for decades nearly just a peaceful getaway and not exactly a business hub. 

The landscape has dramatically changed. Today, the emirate is attracting international investors, high-end developers, and big hospitality players. This shift is not anecdotal-based—it is backed up by strong figures. Ras Al Khaimah recorded a 12% increase in tourist revenue for 2023, welcoming over 1.28 million tourists. The emirate is expected to hit 3.5 million tourists per annum by 2030. 

 One of the key inducers of this expansion is the launch of Wynn Al Marjan Island, a record-breaking $5.1 billion (Dh18.7 billion) project that has raised Ras Al Khaimah’s appeal in real estate, tourism, and hospitality markets. The project has gained much attention from investors looking for lucrative opportunities within a rapidly expanding market. 

Market Growth and Investor Sentiment 

Andrei Charapenak, Major Developers’ CEO, called attention to the emirate’s evolution: 

“Ras Al Khaimah is no longer an emerging competitor; it’s now a preferred investment hub. The increase in real estate transactions and mortgage sizes reflects the growth of the emirate’s economy, driven by visionary leadership, mega-infrastructure developments, and growing demand for residential and business space.” 

He further added: 

We are witnessing a shift in investment sentiments, with lifestyles, sustainability, and luxury-focused experiences holding centre stage in purchasing decisions. Ras Al Khaimah’s property sector is quickly approaching global standards, and new developments are speaking to both local and global investors. 

Strategic Developments Fuelling Growth 

The rapid expansion in transactions is attributable to several strategic initiatives that have enhanced Ras Al Khaimah’s investment appeal. These include: 

Upgrading of Ras Al Khaimah International Airport, which is undergoing a complete revamp with an investment of $60 million to cater to an estimated 2.5 million passengers annually by 2030. The expansion enhances connectivity and raises international tourism. 

Mass entertainment and hospitality developments, including upscale resorts and internationally accredited attractions. Wynn Al Marjan Island, the UAE’s first casino resort, is expected to generate thousands of new jobs and strongly boost tourism income; it is due to be completed in 2027. 

An increasing emphasis on sustainable city growth, with Ras Al Khaimah actively pursuing its Energy Efficiency and Renewable Energy Strategy 2040. The emirate is targeting 30% reductions in energy consumption and the incorporation of green infrastructure, such as smart buildings and green-certified developments. 

Additionally, Ras Al Khaimah has also witnessed a 14% year-over-year increase in the average daily hotel rate in 2024. The growth attests to the emirate as a high-end travel and investment destination that is attractive to high-net-worth individuals and foreign investors. 

 The Future of Real Estate in Ras Al Khaimah 

With continued government support, huge projects, and an increasing flow of investors, the Ras Al Khaimah real estate industry is poised for long-term expansion. The master plan of the emirate positions it firmly on the global investment, luxury lifestyle, and high-end tourism map. As more and more investors and developers recognise its potential, RAK shall redefine the future of real estate in the UAE. 

For professional opinions and exclusive investment offers in Ras Al Khaimah, contact Major Developers today. 

*Disclaimer: This article is for informational purposes only. Please conduct due diligence and seek professional advice before making investment decisions. 

Developer in UAE, Real Estate Market 

Source: Khaleejtimes

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Major Developers successfully hosted an exclusive paddle tournament at The Paddle Edition, bringing together key partners and brokers for a day of competitive sport and networking. The event, designed to foster collaboration and strengthen industry relationships, highlighted the company’s commitment to building a strong real estate community.

Held in a vibrant and engaging atmosphere, the tournament saw participation from different teams, with attendees representing some of the most prominent names in the sector.

“At Major Developers, we believe in cultivating meaningful connections within our industry. Events like this paddle tournament not only bring our partners together in a dynamic setting but also underscore our commitment to fostering collaboration and encouragement with our partners,” said Andrei Charapenak, CEO of Major Developers.

Following an intense and closely contested series of matches, Eminence Real Estate, Nationwide Middle East Properties and Ahyan Real Estate emerged victorious, demonstrating remarkable skill and determination. The tournament concluded with a celebratory awards ceremony, where the winners were honoured for their performance.

Beyond the competition, the event provided a platform for valuable networking opportunities, enabling industry professionals to exchange insights and strengthen business relationships in an informal yet engaging setting.

Source: Major Developers Hosts Exclusive Paddle Tournament, Strengthening Ties – Middle East News 247

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The most promising sectors to invest in Ras Al Khaimah for 2025 are: 
 
Real Estate and Hospitality: The development of tourism and the launch of high-end projects like Al Marjan Island Manta Bay have placed RAK’s real estate sector as providing ample return on investment opportunities. In 2024, the sector witnessed a 12% increase in property transactions, driven by strong demand in residential, commercial, and hospitality sectors. While specific data on off-plan property transactions in Ras Al Khaimah is limited, the overall increase in construction activity suggests a thriving off-plan market, presenting ample opportunities for investors seeking high returns in this burgeoning sector. More detail about RAK Off Plan Properties. 

 Average rental yields in prime locations range from 7% to 12%, making it an attractive option for investors. 
 
Manufacturing & Industrial Development: RAK has more than 1,500 manufacturing businesses, shipping goods to over 100 countries. RAKEZ provides 100% foreign ownership, zero corporate tax, and relatively low operational costs, making it ideal for manufacturers, exporters, and logistics firms seeking tax-friendly investment hubs. 
 
Tourism & Entertainment: Upcoming projects such as the $3.9 billion Wynn Resort and high-end resorts are rapidly transforming RAK into a leisure and entertainment hub. The emirate welcomed over 1.2 million visitors in 2024, with tourism revenues posting a 17% year-on-year growth, driving hospitality investments. 

 More detail for top tourist attractions boosting RAK real estate. 
 
E-Commerce & Technology: RAK’s digital economy is growing by leaps and bounds, and the e-commerce startups based in RAKEZ have grown 35% in 2024. The emirate’s 5G infrastructure connectivity, digital payment technology, and logistical connectivity render RAK an ideal location for IT solutions, logistics, and digital trading platforms. 
 
Renewable Energy & Sustainability: Sustainability is exemplified by RAK’s 2040 Energy Efficiency Strategy, aiming for a 30% saving of energy. Solar power plants and green buildings are being invested in, with the government offering incentives and subsidies to clean energy projects. 
 
Why RAK Real Estate Is the Most Promising Market 
 
Of the various sectors, real estate remains most lucrative owing to the increasing expatriate community, international business, and luxury tourism investments. The emirate’s property sector has witnessed substantial growth because of: 
 
Location to Dubai: Just 45 minutes from Dubai, Ras Al Khaimah offers a seamless blend of world-class investment opportunities and an adventurous lifestyle. As an emerging global hub, it combines high-end luxury with a thriving business ecosystem, making it the ideal destination for investors seeking growth and exclusivity. 

Government Support & Investor Incentives: Encouraging tax exemptions and freehold property ownership for international investors, with the promise of long-term value growth. 
 
Developing Tourism & Hospitality: Mega-projects like the WBe a part of Ras Al Khaimah’s future. Book your spot in Manta Bay today! ynn Casino and luxury resorts will transform RAK into one of the top tourist and entertainment destinations, further boosting the demand for short-term rentals and luxury properties. 
 
 

*Disclaimer: This article is for informational purposes only. Please conduct due diligence and seek professional advice before making investment decisions. 

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