The analysis emphasized that real estate sales in Ras Al Khaimah reached an outstanding AED2.1 billion in 2022, a 26 percent growth from last year.
Staggering Growth in Property Transactions:
A recent feasibility study conducted by Colliers on behalf of The Luxe Developers unveiled a substantial surge in Ras Al Khaimah’s real estate market. The study reported:
- Impressive Sales Volume: Ras Al Khaimah witnessed real estate sales amounting to AED2.1 billion in 2022, signifying a substantial 26 percent surge compared to the previous year.
- Resale Value Soars: Resale values in the market experienced an exceptional 59 percent upswing during the same period, indicating significant growth and confidence among property investors.
Market Feasibility and Growth Trends:
The findings of the feasibility study indicate a robust and promising real estate landscape in Ras Al Khaimah.
The notable increase in both sales volume and resale values underscores the market’s attractiveness and potential for growth, reflecting positive sentiments and confidence among investors.
Future Prospects and Development:
This remarkable surge in property transactions positions Ras Al Khaimah as a burgeoning real estate destination.
The substantial growth signals favorable market conditions and points towards a bright future for the emirate’s real estate sector, attracting increased investor interest and paving the way for further development.
