RAK PROPERTY MARKET 2026

What is happening to property prices and rents in Ras Al Khaimah

RAK apartment prices fell 2.04% in September 2026, the seventh monthly fall in a row, and are 4.73% lower than a year earlier. Rents are 3.56% higher than a year earlier (REIDIN).

Measured over a longer period, values are still up: ValuStrat puts homes 5.4% higher on a year to Q2 2026, and CBRE puts apartments 18% higher to June. Every measure fell in the latest month or quarter.

Karolina Dean, Managing Director & Co-Founder

Updated October 2026 · next update after REIDIN’s October report

−2.04%

apartment prices, on the month

REIDIN, September 2026

−4.73%

apartment prices, on the year

REIDIN, September 2026

+3.56%

apartment rents, on the year

REIDIN, September 2026

+5.4%

home values, on the year

ValuStrat, Q2 2026

PRICES AND RENTS NOW

Three measures, three answers

REIDIN tracks every registered apartment sale each month. ValuStrat values the same set of homes each quarter. CBRE averages prices per square foot, and new launches weigh heavily in it. When expensive launches sell, CBRE’s figure can rise while REIDIN’s falls. Each is right about what it measures, so we show all three.

MEASURE

LATEST

ON THE YEAR

LATEST CHANGE

PERIOD

REIDIN, apartment prices

Index 302.94

−4.73%

−2.04% (month)

September 2026

REIDIN, apartment rents

Index 136.18

+3.56%

−1.09% (month)

September 2026

ValuStrat, homes

AED 1,006 per sq ft

+5.4%

−0.5% (quarter)

Q2 2026

CBRE, apartments

AED 2,298 per sq ft

+18%

−1.9% (quarter)

H1 2026

CBRE, villas

AED 1,279 per sq ft

+7.3%

−0.5% (quarter)

H1 2026

BY AREA

Al Marjan Island leads; Mina Al Arab rents rise fastest

AREA

VALUSTRAT VALUES, Q2 2026

CBRE PRICES, H1 2026

CBRE RENTS, H1 2026

Al Marjan Island

+9.4% on the year

+23.1% on the year, −2.4% on the quarter

Apartments +3.2% on the year

Al Hamra

+3.5% on the year; villas +6.2%

+14.7% on the year, −12.3% on the quarter

Villas +8.7% on the year

Mina Al Arab

+2.3% on the year; villas +3%

Not published

Apartments +10.6%; villas −0.6% on the year

Each area in detail: the five areas → We add our own Property Finder figures by area here once our monthly note starts.

DEALS

AED 2.89bn of property deals in the first half of 2026

RAK Municipality recorded AED 2.89bn of real estate transactions in H1 2026, including AED 1.353bn of sales across 1,274 deals (RAK Municipality, via WAM, August 2026 →).

SUPPLY

Few new homes now, many more from 2028

320 homes were handed over in H1 2026, and about 1,500 are due in H2 2026. Then about 4,300 in 2027, and more than 24,000 across 2028 to 2030, about 8,000 a year. Around 10,000 of the homes due by 2030 are branded residences (CBRE, H1 2026). What this means for buyers, and what Dubai shows →

DEMAND

What brings people here

Wynn Al Marjan Island is due to open in September 2027 (Wynn Resorts, August 2026 →).

In 2025 RAK had a record 1.36 million hotel visitors, and 19,000 new companies registered with RAKEZ, 44% more than in 2024 (CBRE, FY2025).

THE RISKS

What could go against prices

The regional conflict

Attacks on shipping in the Strait of Hormuz rose again in October 2026 (Al Jazeera, October 2026 →). Buyers from abroad tend to wait when the news is bad, as they did in March 2026.

More homes from 2028

More than 24,000 homes are due across 2028 to 2030, against 320 handed over in H1 2026 (CBRE). More homes to rent will hold rents back in the newer areas.

Prices ran ahead of rents

In the year to January 2026, apartment prices rose 53% and rents 20% (REIDIN). Prices are now giving some of that back.

Every measure fell last quarter

REIDIN, ValuStrat and CBRE all show a fall in the latest month or quarter, even where the year is still up.

OUR VIEW

Our view, as of October 2026

After two years of steep rises, prices are adjusting, and rents are holding up better than prices. For buyers, there is more room to negotiate than there was in 2025. For owners, we expect slower growth until the 2027 handovers and Wynn’s opening show how strong demand really is.

This is our view, not a forecast. Every figure on this page is dated and sourced; the figures change each month and our view may too.

MONTH BY MONTH

The last 12 months

RAK apartments, change since September 2025. REIDIN price and rent indices, for the emirate as a whole.

MONTH

PRICE INDEX

RENT INDEX

PRICES, MONTH

RENTS, MONTH

September 2026

August 2026

July 2026

June 2026

May 2026

April 2026

March 2026

February 2026

January 2026

December 2025

November 2025

October 2025

September 2025

302.94

309.26

315.16

326.63

331.27

331.84

332.90

334.28

333.28

345.18

342.45

327.38

317.98

136.18

137.69

139.04

136.90

139.44

141.29

146.71

147.49

144.52

145.00

139.68

136.16

131.50

−2.04%

−1.87%

−3.51%

−1.40%

−0.17%

−0.32%

−0.41%

+0.30%

−3.45%

+0.80%

+4.60%

+2.96%

+4.93%

−1.09%

−0.97%

+1.56%

−1.82%

−1.31%

−3.70%

−0.52%

+2.05%

−0.33%

+3.81%

+2.59%

+3.54%

REIDIN apartment indices, January 2014 = 100, for the emirate as a whole. Updated each month after REIDIN’s report.