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RAK Real Estate Market Poised to Skyrocket as Demand Outpaces Supply
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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our Ultimate Dubai Summer Perfume Guide
Summer in the UAE changes almost everything. Outfits become lighter, plans shift from beach clubs to rooftop dinners, and beauty routines become all about keeping things fresh. Fragrance is no exception. The right scent should feel light enough for the heat, last through warm evenings, and leave an impression long after you have left the room. Whether you prefer bold, sophisticated, or effortlessly fresh, these three fragrances deserve a place in your summer rotation.
Club De Nuit Intense Overdose by ARMAF
For those who like their fragrance to make a statement, Club De Nuit Intense Overdose is designed to do exactly that. The newest addition to ARMAF’s iconic Club De Nuit collection is a richer and more intense interpretation of the much-loved original. The fragrance opens with vibrant pineapple, blackcurrant, crisp apple, and sparkling citrus before revealing a smoky heart of birch and patchouli. It settles into an alluring base of musk, ambergris, and oakmoss, creating a bold, lingering trail that is perfect for evening gatherings, special occasions, and nights that do not end early.

Sultan by Canéza

Bright, warm, and effortlessly refined, Sultan brings together sparkling citrus with subtle spicy sweetness to create a fragrance that feels both fresh and luxurious. Its elegant composition makes it ideal for everything from weekend brunches to sunset dinners, offering a sophisticated scent that feels just as comfortable during the day as it does after dark.
Uomo by Canéza
Easy to wear and endlessly versatile, Uomo is made for the modern man who appreciates understated confidence. Fresh citrus notes blend with warm woods and rich amber to create a clean yet distinctive fragrance that works across every occasion.Whether it is a day at the office, a casual coffee meeting or an evening out, Uomo transitions seamlessly from day to night, making it a reliable everyday signature scent throughout the season. In a season where the heat can overpower almost everything, fragrance becomes one of the simplest ways to express personal style. Each fragrance offers a distinct way to complement the season’s lighter wardrobes and warmer days.

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LMD completes handover of Marina Living, delivering 205 contemporary homes in Dubai Marina

LMD, an international real estate developer delivering residential, commercial, mixed-use and hospitality-led destinations across the UAE, Egypt, Spain and Greece, has completed the handover of Marina Living, its 20-storey residential tower in Dubai Marina comprising 205 apartments. Occupying one of the final residential plots within the community, the tower marks LMD’s latest completed development in one of Dubai’s most established waterfront districts.
Marina Living offers a mix of one- and two-bedroom apartments with dual-aspect Marina and skyline views, finished to a high standard throughout. Amenities include a rooftop infinity pool and gym overlooking the city skyline, a padel court, a dedicated kids’ area and BBQ zones at ground level, alongside a landscaped lobby and water feature at the entrance. Residents have direct access to the Marina promenade, retail and dining, with connections to the Dubai Metro and Tram within walking distance. The tower’s architecture and consultancy were delivered by LaCasa, a Dubai-based multidisciplinary architecture and engineering consultancy specialising in residential, hospitality, and mixed-use developments.
The handover of Marina Living forms part of LMD’s broader UAE portfolio, which spans Dubai Marina, Al Jaddaf Waterfront, Dubai Maritime City, Wasl Gate and Dubai Land. The developer’s upcoming pipeline includes The Pier Residence at Dubai Maritime City, Taiyo Residences at Wasl Gate and further mixed-use developments across Al Jaddaf Waterfront, as part of LMD’s continued expansion across Dubai’s key growth corridors.
Founded in Egypt in 2007 and established in the UAE in 2012, LMD has delivered landmark projects internationally including Cairo Design District, W Residences Cairo, Stei8ht and Zoya at Ghazala Bay.
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Neoterra Developments Celebrates The Sell-Out Of Eira In Dubai Production City
Neoterra Developments has celebrated the successful sell-out of Eira, its latest residential development in Dubai Production City, marking another significant milestone in the developer’s growth journey and reinforcing market confidence in its design-led approach to community development.
To commemorate the achievement, Neoterra hosted an exclusive appreciation evening at Verde, Four Seasons Resort Dubai, bringing together leading real estate brokers, industry partners and stakeholders who played a pivotal role in the project’s success.

Driven by a thoughtfully designed product and strong market positioning, Eira generated exceptional demand, with all residences sold within a remarkably short period. The project’s success reflects growing buyer confidence in thoughtfully designed communities that combine quality, lifestyle and long-term value. Speaking during the celebration, Naresh Perwani, Founder and Chairman of Neoterra Developments, said: “Eira’s success is ultimately a reflection of the trust our broker partners and customers have placed in Neoterra. This celebration is as much about recognizing their contribution as it is about marking an important milestone in our journey. Every project reinforces our commitment to delivering communities defined by quality, thoughtful design and lasting value.”
Looking ahead, Perwani reaffirmed the company’s long-term vision for the brand.
“Our ambition is for Neoterra Developments to be recognized among the UAE’s most trusted and respected developers. Every community we create is designed to stand for integrity, quality and enduring value, not just at launch, but for years after residents move in. As we expand into Jumeirah Village Circle (JVC), Dubai Islands and other high-growth locations across Dubai, our focus remains on creating thoughtfully designed communities that deliver lasting value for generations to come.”
Eira is being developed in collaboration with GRID, serving as the project’s Development Lifecycle Management (DLM) Partner, and overseeing the project from concept to completion.
Commenting on the project’s success, Maurya Krishna, Board Member and Partner at GRID, said:
“Eira’s exceptional sell-out is a proud milestone for both Neoterra Developments and GRID. It reflects the strength of a well-defined product, market insight and disciplined execution. More importantly, it demonstrates how aligning every stage of a development journey can build lasting confidence among investors, brokers and end users.”
He added, “Eira is a testament to the strength of GRID’s holistic real estate platform. As a Development Lifecycle Management (DLM) partner, GRID brings together every stage of the real estate journey – from investment management and product strategy to design, construction, marketing, sales and CRM under one integrated approach. Combined with our extensive broker network and market intelligence, this 360-degree model ensures every decision is aligned to create developments that resonate with buyers and deliver exceptional market outcomes.”
Designed around Neoterra’s philosophy of thoughtful, design-led living, Eira comprises premium studio and one-bedroom residences complemented by curated lifestyle amenities.
Signature experiences include Club Serene with a temperature-controlled family pool, sauna, pool bar with barbecue, sunken firepit lounge, rooftop mini golf, aerial yoga, jogging track and Grandé Maison by GRID, a distinctive arrival experience.
Strategically located in Dubai Production City, the project offers seamless connectivity to Sheikh Mohammed Bin Zayed Road (E311) and Al Khail Road.
The successful sell-out of Eira further strengthens Neoterra Developments’ growing presence in Dubai’s residential market and reinforces its commitment to creating thoughtfully planned communities that deliver enduring value for residents, investors and the wider city.
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