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RAK Real Estate Market Poised to Skyrocket as Demand Outpaces Supply

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Ras Al Khaimah’s (RAK) real estate market is poised for significant growth and price appreciation, driven by surging demand and a housing shortage in the next few years, according to Metropolitan Premium Properties (MPP).

Despite the launch of new projects on Marjan Island, the market is expected to face a substantial deficit of homes by the time the Wynn Gaming resort structure is completed in late 2025.

Maxim Novikov, Head of RAK branch at Metropolitan Premium Properties, said: “Even with new projects underway on Marjan Island, RAK will face a shortage of available homes. Demand is expected to continue to outpace supply, making it an exciting market to watch in the near future. There has been strong demand, particularly for waterfront and beachfront properties in RAK with many new developments selling out quickly. Several projects are selling out during their launch phase or even before they are officially announced.”

According to MPP, while numerous new projects are anticipated to be announced this year, the current delivery timeline is creating a significant gap. The number of new units expected to be delivered in RAK this year remains relatively low. For example, in 2024, very few projects were completed, with only 318 units delivered in Marina Residence at Al Hamra and 89 units in Marbela 2. In 2025, the delivery pipeline is slightly more promising, with two projects set to be completed in Mina (formerly Mina Al Arab). These include 648 apartments and 13 lofts in Bay Residence, along with 146 apartments in Gateway 2.

Despite the additional units coming to the market, the demand is still expected to outstrip supply.

The shortage of ready units has resulted in off-plan property prices increasing on average 15-20% in 2024 and this trend is expected to continue this year as well. The highest demand is for studios and one-bedroom units in waterfront projects near the Wynn Resort.

“We are witnessing exceptionally strong demand, particularly for beachfront properties. Properties close to the Wynn Resort are seeing significant interest, especially smaller studio and one-bedroom units. At the same time, there is a noticeable demand for commercial, retail spaces, as well as villas and townhouses in prime waterfront locations. However, the supply of these types of properties remains limited,” said Mr. Novikov.


Several key factors are expected to drive demand for real estate in RAK over the next few years. The population of the emirate is projected to nearly double, reaching 650,000 residents by 2030. Additionally, the rapid progress of the Wynn Resort construction is fueling excitement and interest in the area.

Ras Al Khaimah’s Economic Zone (RAKEZ) is also attracting entrepreneurs from around the world, boosting demand for both residential and commercial properties. RAKEZ achieved record growth in 2024, welcoming 13,141 new companies, which represents a 66% increase in registrations compared to 2023. Also, the emirate’s forward-thinking approach to cryptocurrency trading and blockchain technology is another factor contributing to its appeal.

While Marjan Island continues to capture much attention, other areas in RAK are also poised for significant growth, according to MPP. Areas such as Mina, Al Hamra and RAK Central are expected to see substantial development, offering high growth potential for real estate investors.

Mr. Novikov concluded, “The real estate market in RAK is set for dynamic growth and entering an exciting phase. Investors and homebuyers alike should be prepared for rising prices and increased competition for the limited available properties.”

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PLANRADAR LAUNCHES “CONSTRUCTION SITE TEMPLATES PLAYBOOK” TO HELP GCC PROJECT TEAMS IMPROVE DAILY SITE EXECUTION CONTROL

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PlanRadar promotional graphic showing a construction site templates playbook displayed on a tablet, highlighting safety, quality, progress and materials control for site teams.

PlanRadar, a digital platform for construction and real estate project management, has launched the Construction Site Templates Playbook, a new practical guide designed to help project teams strengthen day-to-day execution control through disciplined, repeatable site documentation.

As construction and real estate developments across the GCC increase in scale and complexity, site teams operate under continuous pressure: multiple trades working in parallel, frequent inspections, tight programmes, and strict compliance requirements. In this environment, performance issues often begin with simple breakdowns—unclear scope clarifications, delayed approvals, missed inspections, fragmented safety reporting, and incomplete records—then surface later during audits, handover, or dispute resolution when time and cost impacts are already locked in.

The Construction Site Templates Playbook addresses this challenge by positioning templates not as administrative paperwork, but as operational control points that help teams capture, verify, and act on information consistently across the project lifecycle. The playbook consolidates the most essential site templates into five execution pillars:

  • Construction & Commercial Control (scope clarifications, inspections, approvals, change control)
  • Health, Safety & Environment (HSE) (hazard identification, permits to work, incident reporting, compliance records)
  • Quality & Inspections (structured verification, defects and non-conformance control, commissioning readiness)
  • Progress & Coordination (daily reporting, look-ahead planning, constraint tracking, coordination actions)
  • Materials & Logistics (material approvals, delivery inspections, traceable acceptance before installation)

The guide also introduces a practical “Execution Loop”, outlining the sequential stages of planning, executing, inspecting, correcting, and ultimately approving and closing. This approach demonstrates how the templates work together as a unified, disciplined system that enhances accountability, ensures traceability, and accelerates on-site decision-making.

“Successful delivery depends on more than planning—it depends on execution discipline,” said Ibrahim Imam, CEO and Co-Founder of PlanRadar “When clarifications, inspections, approvals, and corrective actions are captured consistently and tied to the right locations and evidence, site teams reduce ambiguity, protect quality, strengthen compliance, and improve handover readiness. This playbook is designed to make those controls practical and repeatable on every project.”

While the playbook can be applied in manual environments, it also highlights how structured digital workflows strengthen template usage by improving ownership, visibility, and audit readiness. By digitising templates, site records become time-stamped, traceable, and location-linked—reducing common challenges such as missing paperwork, delayed approvals, duplicated records, and unclear responsibility.

The Construction Site Templates Playbook is available in English and Arabic and is intended for developers, consultants, main contractors, subcontractors, and site teams involved in construction and real estate delivery across the GCC.

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CALLIGARIS: A CENTURY OF ITALIAN DESIGN, CURATED FOR THE UAE BY WESTERN FURNITURE

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For over three decades, Western Furniture has been synonymous with luxury interiors and European design excellence. As the exclusive partner of Calligaris in the UAE, it continues to bring Italian craftsmanship and innovation closer to homeowners and design enthusiasts.

A Century of Italian Excellence

Founded in 1923 by Antonio Calligaris in Manzano, Italy, the brand began as a family workshop crafting wooden chairs, including the now-iconic Marocca. Over the past century, Calligaris has grown into an international design house offering a complete range of furniture and accessories, combining tradition, technology, and artistry to define modern living.

Through its exclusive partnership with Western Furniture, the essence of Made in Italy continues to flourish in the UAE, uniting design heritage with contemporary sensibility.

Discover a curated selection of Calligaris’ most admired designs below.

The Ginza Sofa captures the essence of modern comfort with its soft, flowing lines and 1970s-inspired organic curves. Its modular design allows for multiple configurations, creating a sense of warmth and sophistication in any space.

Evoking the hues of dawn and dusk, the Sky Rug brings a poetic touch to interiors. Its delicate color gradients and textured weave create a calming, atmospheric foundation for the living space.

The Oleandro Lounge Chair offers a perfect balance of structure and softness. Its wooden base and plush upholstery combine craftsmanship and comfort in a design that’s both tactile and timeless.

Sculptural and refined, the Mushroom Coffee and Side Tables feature bush-hammered glass tops and subtly tilted wooden bases, striking a balance between elegance and lightness.

Minimal yet expressive, the Glen Dining Chair unites geometry and proportion in a sleek, enveloping form that delivers ergonomic comfort and enduring appeal.

The Onda Dining Chair, with its sinuous, wave-inspired lines and slender metal legs, conveys a sense of movement and contemporary grace.

The Alterego Sideboard introduces sculptural sophistication with its three-dimensional door fronts, creating depth, shadow, and a strong focal point for modern interiors.

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RENEW YOUR SPACE WITH NATUZZI ITALIA: A NEW YEAR, REFINED THROUGH DESIGN

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Dubai, UAE – January 2026: This new year, reset your rhythm, refresh your surroundings, and renew your way of living — with Natuzzi Italia. where a new environment sets the tone for a fresh start. Natuzzi Italia offers inspiration for every room of the home, with refined designs that combine comfort, style, and timeless Italian craftsmanship. From the award-winning Amama collection to the serene elegance of Habita, each piece is designed to elevate daily living.

HABITA by Mauro Lipparini

Essential lines and timeless harmony define Habita — a serene living concept where design and well-being coexist in perfect balance.

At its heart is a sculptural, modular sofa with generous proportions, refined upholstery, and enveloping curves, designed for comfort, sharing, and flexibility. Premium padding and thoughtful detailing ensure a relaxed yet elegant experience, adapting effortlessly to different spaces.

Habita is not just a collection — it is a way of living.

The collection is completed by an elegant yet functional coffee table and a striking monolithic dining table, fully lacquered in high-gloss finish. With its organic lines and integrated rotating lazy susan, the dining table seamlessly merges practicality with sculptural appeal.

Amama collection

Amama is a compositional project that redefines conviviality and versatility. It is a modular island sofa designed to shape space, offering the possibility of double-sided configurations for a modern and unusual living experience. Reflecting on architecture and ways of living, the armrest or backrest can become functional elements such as a shelf, table, or even a container.

It is a dynamic project where multiple elements of different textures and materials coexist in a play of overlaps and geometries, opening up to multi-directionality and multifunctionality, combining comfort with freedom of composition and use. It represents a new approach to living that balances aesthetics, flexibility, and functionality, extended by living and dining elements of the same collection.

The soft textures and shapes of Amama harmonize with Verde Antigua marble displays, while furnishings and decorative objects engage in a palette inspired by earth and sea. The result is an immersive experience designed to engage all senses and convey the idea of a harmonious and welcoming home.

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