Ras Al Khaimah in massive drive to build houses to coincide with Wynn project

25,600 new residential units will be built in Ras Al Khaimah before the end of 2030, as the transformation of the emirate continues to accelerate.

A major new housing development project in Ras Al Khaimah has been announced as investment continues to pour into the emirate as the Wynn Al Marjan Island resort builds excitement.

Ras Al Khaimah has announced that it will build 25,600 new residential units between now and 2030.

A breakdown of that figure shows that apartments will account for most of the future supply chain.

Research from Cavendish Maxwell continues to show an upward trend of foreign investment in major infrastructure projects that are transforming the real estate marketplace in Ras Al Khaimah.

Many commentators believe that the spectacular Wynn Al Marjan Island resort, expected to open in 2027, has sparked the surge in overseas investment in the emirate.

Population Growth

Cavendish Maxwell showed that housing supply was slow during the first quarter of 2026, with just 170 homes delivered.

1,700 homes are expected to be completed by the end of the year, before delivery accelerates rapidly in 2027, with 23,900 homes expected to be delivered before 2030.

The expansion across Ras Al Khaimah’s is being driven by the growth in its population, which is projected to increase from around 450,000 today to 650,000 by 2030, supported by rising investment and business activity.

According to the report, the emirate attracted $10.5 billion (AED39 billion) in foreign direct investment across 17 projects last year, the highest among the UAE’s emirates.

During the first quarter of 2026, economic licence capital also increased 15.5 per cent year-on-year to $3 billion (AED11.5 billion).

Yousir Habib, associate director at Cavendish Maxwell Ras Al Khaimah, said the number were a direct result of Ras Al Khaimah’s economic diversification strategy.

“RAK is undergoing major infrastructure investment in roads, aviation and maritime, strengthening regional connectivity and supporting the emirate’s 2030 economic diversification and competitiveness goals.”

“As a result, the residential real estate sector secured Dhs12.3bn worth of sales across 6,600 transactions last year, when sales prices and rental rates jumped considerably. The market is now undergoing a sustained period of new supply,” said Habib.

Who will deliver the housing project?

The report has shown that more than 40 per cent of the future housing pipeline will be delivered by RAK Properties, Al Hamra Real Estate and Ellington Properties.

In addition to this, it has also been announced that Aldar, BNW Developments and Source of Fate Properties are also among the developers contributing to the emirate’s expanding residential market.

Residential prices have continued to soar, with apartment sale prices increasing by almost 5 per cent and villa prices rising nearly 4 per cent between October 2025 and March 2026.

During the same period, apartment rents climbed by more than 6 per cent, while villa rents increased by 5 per cent.

Meanwhile, Ras Al Khaimah International Airport is expanding its capacity through a new 30,000-square-metre passenger terminal, a VVIP terminal and an 8,000-square-metre aircraft hangar, supporting its target of handling 3 million passengers annually by 2028.