Ras Al Khaimah’s residential sector is set to add 14,148 new units between 2026 and 2029, with branded residences accounting for 5,604 units, according to a new report from Stirling Hospitality Advisors.
The third edition of RAK Investment Pulse examines the branded residences sector in the emirate, which has seen growth across Al Hamra, Mina Al Arab and Marjan Island over the past decade.
“Branded residences are transforming Ras Al Khaimah’s real estate landscape. The demand for elevated living experiences is reshaping the market, with our findings highlighting the growing importance of branded residences as a key driver of luxury investment in the emirate. This edition seeks to illuminate this dynamic sector and offer valuable forecasts for all stakeholders involved,” Tatiana Veller, Managing Director of Stirling Hospitality Advisors said.
Luxury brands drive RAK real estate growth with 5,600 new units planned
Hotel brands including Waldorf Astoria, Ritz Carlton, Nikki Beach, and Nobu have announced residential projects.
Non-hotel brands Tonino Lamborghini, Elie Saab, Yoo and Aston Martin have also revealed plans for branded residences in RAK.
The report indicates that real estate units saw a 30 per cent price increase in 2022, following the Wynn Resort announcement. The emirate’s population is expected to grow by 55 per cent through 2030.
Market projections suggest prices in RAK’s secondary market could reach AED 4,000 per square foot by 2027 and AED 4,500 by 2030.
Stirling Hospitality Advisors, a subsidiary of RAK Hospitality Holding, currently manages over 3,500 hotel rooms across three countries, with a hotel and resort portfolio valued at over $1.25 billion.
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