Apartment prices rose 6.5% year-on-year, with 13,800 new homes expected by the end of 2028.
Ras Al Khaimah: Homebuyers and tenants in Ras Al Khaimah are entering the second half of 2026 with property prices and rents still above year-ago levels, although the latest three-month data points to some moderation across parts of the market.
Apartment prices rose 6.5% year-on-year in the first half of 2026, while villa prices increased by nearly 6%, according to Cavendish Maxwell. Apartment rents climbed by more than 7% during the same period, with villa rents rising 8%.
However, the latest quarter showed signs of moderation. Apartment sale prices declined 0.7%, while villa prices fell 0.2%. Apartment rents also eased 1.4% over the three-month period, although villa rents continued to edge higher, increasing by nearly 1%.
The figures come as Ras Al Khaimah prepares for a significant expansion in housing supply, with 13,800 new homes expected to enter the market between now and the end of 2028.
Ready property sales top Dh625 million
Freehold ready residential transactions in Ras Al Khaimah reached Dh625.2 million in the first half of 2026, up 24% from the second half of 2025 but 3.3% below the same period last year.
The year-on-year decline was driven mainly by villas, where transaction values fell by more than 7% to just under Dh298 million. Apartment sales values, meanwhile, remained largely stable, rising 0.7% year-on-year to nearly Dh328 million.
Market activity strengthened in the second quarter, with transaction values reaching almost Dh354 million, nearly one-third higher than in Q1. Apartments accounted for close to Dh156 million of sales, while villa transactions were valued at just over Dh198 million.
Around 600 new residential units were delivered during the first half of the year, with a further 1,600 units expected to enter the market in H2.
“Ras Al Khaimah’s underlying economic environment remains supportive, with continued investment flows, business formation and employment growth providing a foundation for residential real estate demand,” said Yousir Habib, Associate Director at Cavendish Maxwell Ras Al Khaimah. “However, regional uncertainty has led to greater caution among buyers and tenants, contributing to softer near-term price and rental performance.”
13,800 homes coming by end-2028
Housing supply in Ras Al Khaimah is set to increase substantially over the next two years. Cavendish Maxwell expects around 2,200 homes to be delivered in 2026, followed by 4,700 units in 2027 and a further 7,500 in 2028.
The consultancy said the market’s ability to absorb the additional supply will depend on continued employment growth and Ras Al Khaimah’s ability to attract and retain residents.
Habib said the increase in supply would also intensify competition among residential developments, making factors such as location, quality, amenities and pricing increasingly important to buyers and tenants.
“Ras Al Khaimah’s underlying economic environment remains supportive, with continued investment flows, business formation and employment growth providing a foundation for residential real estate demand,” said Yousir Habib, Associate Director at Cavendish Maxwell Ras Al Khaimah. “However, regional uncertainty has prompted greater caution among buyers and tenants, contributing to softer near-term price and rental performance.”
Ras Al Khaimah’s housing supply is set to expand significantly over the next two years, with Cavendish Maxwell forecasting the delivery of around 2,200 homes in 2026, followed by 4,700 units in 2027 and a further 7,500 in 2028.
The consultancy said the market’s ability to absorb the additional supply would depend on continued employment growth and Ras Al Khaimah’s ability to attract and retain residents.
Habib said the increase in supply would also intensify competition among residential developments, making factors such as location, quality, amenities and pricing increasingly important to buyers and tenants.
“Given their potential impact on buyer and tenant sentiment, regional geopolitical developments remain a key factor to monitor in H2. However, RAK’s economy has so far remained relatively resilient, with continued investment, business formation and employment growth recorded over the past six months. H2 performance data should provide a clearer indication of whether the recent moderation in prices and rents is temporary or signals a broader shift in market conditions,” Habib added.
