Ras Al Khaimah’s residential property market continued to record annual growth during the first half of 2026, although recent quarterly figures indicate that the market may be entering a more measured phase. According to research from Cavendish Maxwell, apartment prices increased 6.5% year-on-year in H1 2026, while villa prices rose by almost 6%.

Rental prices also remained higher than the previous year. Apartment rents increased by more than 7%, while villa rents climbed by 8%. However, the latest three-month data showed some moderation. Apartment sale prices declined 0.7%, villa prices slipped 0.2%, and apartment rents fell 1.4%. Villa rents were more resilient, increasing by nearly 1% during the quarter.

One of the key factors expected to influence Ras Al Khaimah’s property market is the significant increase in housing supply. Around 600 residential units were delivered during the first half of 2026, with another 1,600 expected by the end of the year. In total, approximately 13,800 new homes are planned for delivery through 2028, including 2,200 units in 2026, 4,700 in 2027 and 7,500 in 2028.

The growing supply could create greater competition among residential developments and encourage more moderate price and rental growth. Market performance will also depend on Ras Al Khaimah’s ability to attract new residents, employment opportunities and investment.

The expected opening of Wynn Al Marjan Island in autumn 2027 could provide another boost to housing demand. The development is expected to support tourism, employment and economic activity, potentially increasing demand for homes in communities located near Al Marjan Island.

Despite signs of moderation, ready-property transactions remained relatively strong. Freehold ready residential transactions reached approximately Dh625.2 million in H1 2026. While this represented a 3.3% decline compared with H1 2025, it was 24% higher than the second half of 2025. Apartment transaction values increased 0.7% year-on-year to nearly Dh328 million, while villa transaction values fell more than 7% to just under Dh298 million.

Overall, Ras Al Khaimah’s property market remains supported by economic growth, investment and future tourism projects, but the recent quarterly declines suggest that buyers, tenants and investors are becoming more cautious. The second half of 2026 will be important in determining whether the slowdown is temporary or marks the beginning of a broader market shift.