Upcoming Projects in RAK 2024

What’s next for Ras Al Khaimah’s booming real estate market? Explore the groundbreaking projects shaping the city’s future in 2024.

The real estate market of Ras Al Khaimah has shown significant signs of growth due to its location, economic diversification, and influx of investment in infrastructure developments. New projects are key to this growth. It includes affordable modern homes and commercial space that will transform the emirate in line with its long-term vision for growth and modernization. Hence, these forthcoming projects promise to further boost investment and living standards in RAK.

Quick Facts About Ras Al Khaimah

Category	Details
Location	Northernmost emirate in the UAE
Capital	Ras Al Khaimah City
Area	Approximately 2,486 square kilometers
Population	Around 400,000
Language	Arabic (official); English widely spoken
Climate	Hot desert climate: very hot summers, mild winters
Economy	Tourism, real estate, manufacturing, and trade
Major Attractions	Jebel Jais (UAE’s highest peak), Al Hamra Village, Ras Al Khaimah National Museum
Popular Developments	Al Hamra Village, Mina Al Arab, Hayat Island, Julphar Towers
Real Estate Market Trends	Growth in luxury developments and tourism-focused projects
Key Developers	RAK Properties, Al Hamra Group, Arada, Ellington

Announcing Soon Project Highlights

DAMAC Shoreline at Al Marjan Island

As one of the latest residential schemes, DAMAC Shoreline is on the right track to offering a new face to luxury on Al Marjan Island with a range of beautiful beachfront apartments. This project will set the benchmark for modernage architectural flair, luxury finish and the best views and comfort to its occupants.

La Mer by Elie Saab Residences at Al Marjan Island

La Mer by Elie Saab presents designer residences with an element of sophistication and classy taste. Situated on Al Marjan Island, this project boasts unique custom-made interiors and select additional services designed by this specialist.

RAK NB Collection Villas at Hayat Island

RAK NB Collection Villas provides a range of different high end villa on Hayat Island. Featuring contemporary architectural looks and personal spaces, these villas are built to offer lavish yet secluded accommodations.

DAMAC Al Marjan Residences

DAMAC Al Marjan Residences is all set to introduce luxurious living on Al Marjan Island. Its high-rise towers will provide beautiful sea views and additional amenities such as swimming pools, gyms, and others.

Waldorf Astoria Residences At Al Hamra

The new housing area of Waldorf Astoria Residences at Al Hamra aims at offering the residents with luxurious life accompanied by the quality services and facilities. This development is a good testimony to the prestige of the Waldorf Astoria brand.

The Celeste Oceano by Luxe Developers at Al Marjan Island

The Celeste Oceano being developed by Luxe Developers will boast luxurious apartments with sea view and luxurious amenities. Undoubtedly this project represents the style of modern luxury of the Al Marjan Island .

Common Features and Amenities

The upcoming projects in RAK contain features that are in harmony with urbanization and modernism. They are modern and luxury-focused, utilizing sustainable construction principles and modern technologies. Some of the amenities that are common among these developments include the following,

Pools
Fitness Centers
Landscaped Gardens
Jogging Track
Recreational Park
Gourmet Restaurants
Café and Bistro
Sauna and Steam Rooms
Children’s Playgrounds
Residents’ Clubhouse
Concierge Service
Secure Parking Garage
Multi-purpose Sports Field
Walking and Cycling Trails
Private Marina
Beachfront Access

Key Developers in Ras Al Khaimah

Developer	Overview	Notable Projects
RAK Properties	Leading developer with major residential and commercial projects.	Al Hamra Village, Julphar Towers, Mina Al Arab
Al Hamra Group	Focuses on integrated community living.	Al Hamra Village, The Lakes
Arada	Known for master-planned communities and modern design.	Hayat Island, Aljada
Ellington	Specializes in luxury residential developments.	The Blink, Ellington Views
Damac Properties	A major player in luxury real estate across the UAE.	DAMAC Hills, DAMAC Lagoons
Octa Properties	Creates contemporary residential and mixed-use projects.	Al Naseem, Al Muneera
Deca	Delivers modern residential and commercial developments.	The Grande, Deca Residences

Projected Financial Benefits Of Investment in RAK

Expected ROI

The estimated ROI of these future projects in Ras Al Khaimah is between 7% and 9%. This is a result of the growing market demand for luxurious properties and the given emirate’s rapidly rising importance as a real estate market. For instance, similar projects undertaken in the area have shown good results and, hence, high-performance expectations for the ROI.

Al Marjan Island

Rental Yields

Forecasted rental returns for these real estate developments range from 6% to 8%. This competitive rate is elaborated by the growing appreciation of Ras Al Khaimah as either a residential or a commercial destination. Success rates in getting high occupancy levels with estimates hovering between 85% and 90% show there is a huge market for quality accommodation thus making such projects even more appealing to investors.

Market Trends

Currently, the Ras Al Khaimah property market is expanding at the rate of 5% to 7% per year. This growth is attributed to strategic undertakings such as new infrastructure and the development of economic activities. These upcoming projects are well planned with reference to the current market trends, which in turn suggest great profitability once developed since expansion is predicted to continue in future years.

Final Thoughts:

The future development plans of Ras Al Khaimah remain the potential for investing and purchasing to have different types of elite and comfortable villas and apartments. These are developments that shall especially hold a pivotal role in UAE real estate as the community continues to grow and diversify. As for the future, a similar trend will persist in RAK’s real estate market, characterized by active growth and investment attractiveness. So get your hands on one of the units in the stunning developments now!