Christie’s International Real Estate Ras Al Khaimah is one of the first international luxury real estate firms to foray into the emerging market of Ras Al Khaimah, a neighboring emirate to Dubai.
Known for its stunning beaches and mountains, the emirate is now enjoying rapidly growing tourism and real estate demand. It welcomed an unprecedented 1.22 million overnight arrivals in 2023, with a 24% YoY increase in international visitors. Concurrently, it is beginning to host the kind of international brands and luxury residences that made Dubai a household name.
Banking on incredible market momentum and lucrative investment opportunities, this is the next major destination for luxury real estate and tourism in the region, if not the world.
The emirates that comprise the U.A.E.
Ras Al Khaimah lies north of the traditional tourist centres of Dubai and Abu Dhabi (map courtesy Marjan).
Umm Al Quwain
Sharjah
Abu Dhabi
Ras Al Khaimah
sq. km. (2.2%)
The Market at a Glance A+
Fitch outlook for the emirate <8 Hours
Over 70% of the world’s population is within an eight-hour flight of Ras Al Khaimah
1.22 Million
The emirate’s overnight arrivals in 2023 – a record 24%
A sharp YoY increase in international visitors
Expected increase in Ras Al Khaimah’s population by 2030
Maximum real estate ROI reached in 2023
Average prices-per-square foot rose by as much as 7.49% in 2023
Ras Al Khaimah UAE
A Haven for Expatriates
• Quality of life
• Ease of settling in
Ras Al Khaimah has been ranked fourth by Forbes in a recent survey of the world’s best cities to live in, according to expatriates who found five categories the emirate particularly excelled at:
• Working abroad
• Personal finance
• Essentials including housing – similar to Dubai’s but at more attractive prices
A Leisure Getaway
Ras Al Khaimah’s attractions are rooted in the emirate’s identity, history, culture and nature.
NATURE
Beaches
Hajar Mountains
Jebel Jais, the U.A.E.’s tallest mountain
Pristine deserts
Dedicated nature reserves
Mangroves
ADVENTURE
The longest zipline in the world
Bear Grylls’ Explorers Camp
Hiking, rock-climbing and off-road trails
Desert safaris
Water sports
CULTURE AND HISTORY
Archaeological findings from 5000 BCE
Area continuously inhabited for 7000 years
Historic forts, castles and towers
A unique perspective on Emirati heritage
A Business Hotspot
Ras Al Khaimah is conveniently located at the intersection of Europe, Asia and Africa, offering direct
connectivity to global financial markets. Map Source: Marjan, RAKTDA
45 mins from Duba International Airpor t
A Growing Hospitality Market
Ras Al Khaimah has become a veritable magnet for internationally recognised luxury resorts and hospitality brands that are taking advantage of the surge in tourists and HNWIs, as well as the stunning surrounding nature.
A Growing Hospitality Market
A Selection of Upcoming Resorts in Ras Al Khaimah
Rove Marjan Island 2024
Ushuaïa Unexpected 2026
W Al Marjan Island Q1 2027
Nobu Hotel, Restaurant and Residences Q4 2026
A Growing Hospitality Market
Ras Al Khaimah - Hotel Supply & Pipeline
By 2027, the hospitality sector in Ras Al Khaimah is expected to comprise 15,274 keys.
Currently, Ras Al Khaimah has a total inventory of 8,050 hotel keys.
A total of 7,224 keys are scheduled to be developed by 2027.
A breakdown of the upcoming hotel supply in Ras Al Khaimah reveals a near-doubling of current keys by 2027 (courtesy Marjan)
A Growing Hospitality Market
Industry Performance 2021 - 2023
of key performance indicators
A comparison
in the hospitality industry between Ras Al Khaimah, Dubai and Abu Dhabi (courtesy Marjan)
The Region’s First Gaming Destination
An Overview
In addition to its unprecedented gaming attractions, Wynn Al Marjan will also feature a variety of world-class amenities:
Ras Al Khaimah has become a veritable magnet for internationally recognised luxury resorts and hospitality brands that are taking advantage of the surge in tourists and HNWIs, as well as the stunning surrounding nature.
The Expected Impact of Wynn Al Marjan
Visitors predicted in Ras Al Khaimah by 2030
Potential gap in the market by 2030 of 7500 keys
The Region’s First Gaming Destination
A
“Wynn” Win for Ras Al Khaimah
The development has garnered significant media coverage worldwide (courtesy Marjan and quoted media outlets above).
The Region’s First Gaming Destination
Wynn Resorts – The Pioneer of Integrated Resorts
Integrated resorts have sizeable (and positive) impacts on visitation in the immediate area (courtesy Marjan and Colliers).
An analysis of hotel supply and overnight room demand reveals a significant market gap, even if additional keys are added to the already-announced supply (courtesy Marjan and Colliers).
EY - Ras Al Khaimah’s Tourism Growth Analysis
~ 4.1 Million - 4.5 Million Visitors by 2030
Breakdown of Total Visitation to Ras Al Khaimah by Overnight Guests and Same-Day Visitors
Attractive Real Estate Investments
Investors in Ras Al Khaimah can capitalise on tourism growth and lower development costs to achieve exceptional returns.
Reasons to Invest in Ras Al Khaimah
Attractive Returns
Equity IRR of 16% for hospitality assets.
Equity IRR of 35% - 50% on residential assets.
Approximately 10% lower than regional average. Low Development Cost
Attractive Real Estate Investments
The spate of investment, tourism and resident influx – majorly comprising HNWIs and expatriates – will result in a significant market gap for residential units, as forecast below:
Mar ke t Gap
Basedona weighted averagehousehold size of roughly4 .10, RasA Khaimah'sresidentialmarketwould needanadditional45K residentia unitsby 2030tokeep pace with thegrowing population.
Data courtesy Marjan and EY
Attractive Real Estate Investments
Popular Areas to Invest in Ras Al Khaimah
Falcon Island
Falcon Island is Ras Al Khaimah’s most exclusive gated island community, offering luxurious beachfront villa living with first class amenities and entertainment facilities nearby, including the Al Hamra Golf Club and the Royal Yacht Club of Ras Al Khaimah.
Al Hamra Village
Home to luxury residences, international hotels, fine dining and an eponymous beach, Al Hamra Village in 2023 enjoyed an average price-per-square-foot increase of 7.84% from 2022 – reinforcing its coveted status.
Al Marjan Island
Al Marjan Island is set to host not only Wynn Al Marjan, but also high-end projects from the Nikki Beach Residences to Nobu’s newest development. Homes in ultra-luxury projects here could enjoy ROIs of up to 58% over a five-year period (as per Arabian Business).
• Extends 4.5 km into the Arabian Gulf
• Home to the region’s first gaming destination
• A world-class, sustainable, beach-resort-style community
Attractive Real Estate Investments
Upcoming Projects on Al Marjan Island
Attractive Real Estate Investments
Upcoming Projects on Al Marjan Island
Attractive Real Estate Investments
Ras Al Khaimah Property Spotlight
MASA Residence
Al Marjan Island
Exclusively with Christie’s International Real Estate Ras Al Khaimah
Minutes away from Wynn Al Marjan, MASA Residence was the first branded residential development to enter Al Marjan Island and remains its most attractively priced project. These studios, one and two-bedroom apartments, and beachfront villas all enjoy uninterrupted sea views and contemporary interiors from YOO Inspired by Starck, under the direction of famed designer Philippe Starck.
• Sea and sunset views
• Infinity pools
• Gym, steam room and sauna
• Oceanfront gardens
• Boardwalk
• Outdoor playground
Starting from ~$222,160 (AED 815,990)
Expected Completion: Q4 2026
Attractive Real Estate Investments
Ras Al Khaimah Property Spotlight
Nikki Beach Residences
Al Marjan Island
Set against the backdrop of the Arabian Gulf on Al Marjan Island, Nikki Beach Residences by Aldar will redefine luxury beachfront living in Ras Al Khaimah. 803 units comprising 1-4-bedroom apartments, 5-bedroom Sky Terraces and 5-bedroom Sky Villas will enjoy panoramic ocean views, with both furnished and unfurnished options available.
• Direct beach access
• Beach lounge and clubhouse
• Beach sports
• Swimming pool
• Spa, steam room and sauna
• Multiple gyms
• Gardens
• High-end shopping and dining including Café Nikki
Starting from: ~ $645,251 (AED 2.37 million)
Expected Completion: 2028
Attractive Real Estate Investments
Ras Al Khaimah Property Spotlight
Falcon Island
Al Hamra Village
Christie’s International Real Estate Ras Al Khaimah possesses exclusive inventory worth $115 million in this upcoming collection of four and five-bedroom beachfront villas on Falcon Island. Exemplifying family friendly luxury, the residences will enjoy spacious interiors, modern designs, sleek finishes and enchanting views.
The development offers a unique 3-year post-handover payment plan, a rare and attractive financing option.
