Ras Al Khaimah (RAK) is experiencing a significant surge in its real estate market, with certain areas witnessing rapid property sales due to strategic developments, high rental yields, and increasing demand. Here are the top three locations where properties are selling fast:
1. Al Marjan Island – Luxury Waterfront Living
Al Marjan Island continues to be a prime destination for investors seeking luxury waterfront properties. The upcoming Wynn Al Marjan Island resort, slated to open in early 2027, is expected to further boost the area’s appeal. With an average return on investment (ROI) of 5.75% for apartments, Al Marjan Island offers a blend of high-end living and promising investment opportunities.
2. Mina Al Arab – Nature Meets Urban Living
Mina Al Arab offers a unique combination of natural beauty and urban amenities, making it a sought-after location for both residents and investors. The area features a mix of residential, commercial, and retail spaces, providing a balanced lifestyle. With developments like the SKAI project offering studio to 3-bedroom apartments, Mina Al Arab caters to a diverse range of preferences.
3. Al Hamra Village – Established Community with High Yields
Al Hamra Village remains a top choice for property buyers seeking established communities with high rental yields. The area offers a range of villas and apartments, attracting long-term tenants and providing investors with rental yields ranging from 8% to 12%.