Ras Al Khaimah Land Market Report 2026

Ras Al Khaimah land market 2026: Municipality sales data, Al Marjan and Wynn, freehold areas, RAKEZ industrial leases, fees and buyer checks.

Direct answer: what is the Ras Al Khaimah land market in 2026?

Ras Al Khaimah is a smaller land market than Dubai or Abu Dhabi, but it has a clear plot story in three channels: freehold residential and hospitality land (especially Al Marjan Island), other listed freehold communities (Al Hamra Village, Mina Al Arab and others on the Municipality service card), and RAKEZ industrial/logistics land leases from about 2,500 m² [1][3][8]. Municipality data show total real-estate transaction value of about AED 18.8 billion in 2025, while sales value fell to about AED 3.19 billion — and Al Marjan Island sales value dropped from about AED 4.04 billion (2024) to about AED 940 million (2025) [1]. That is a change in deal mix and total value, not a published price-per-square-foot crash. The hospitality anchor remains Wynn Al Marjan Island, financed and under construction toward a 2027 opening [2]. See our RAK hub and Al Marjan Island hub.

This report is for information only and is not investment, legal or valuation advice. UAE Land Deals is a land-only portal.

Key takeaways

  • 2025 Municipality totals: ~AED 18.8 billion total transaction value (up ~25% on ~AED 15.1 billion in 2024), but sales value ~AED 3.19 billion across 2,964 sales (about −50% vs 2024 sales value) [1].
  • Al Marjan Island stayed the top region by sales value, yet sales there fell from ~AED 4.04 billion / 378 sales (2024) to ~AED 940 million / 250 sales (2025) [1].
  • Mortgages rose sharply in 2025 (~AED 12.7 billion / 1,480) even as sales value fell — useful for brokers, not a plot price [1].
  • Wynn Al Marjan Island: USD 2.4 billion construction facility completed (Feb 2025); first integrated resort in the UAE; opening targeted for 2027; ~1,542 rooms [2].
  • Freehold areas (Municipality service card): Al Hamra Village, Mina Al Arab, Al Marjan Island, RAK Central, Julphar Towers, Al Maareedh (Plots), and Beach District — UAE and non-Emirati buyers may own in freehold areas subject to rules [3].
  • Registration fees: typically 2% of market value from the seller and 2% from the buyer, plus AED 200 plan and AED 200 title deed [3][4].
  • Industrial land is a separate RAKEZ lease product (plots from ~2,500 m²), not Al Marjan freehold [8].

Market snapshot (sourced only)

MeasureFigurePeriodSource
Total transaction value~AED 18.8bn (vs ~AED 15.1bn in 2024)2025RAK Municipality [1]
Sales value / count~AED 3.19bn / 2,964 sales2025RAK Municipality [1]
Mortgage value / count~AED 12.7bn / 1,4802025RAK Municipality [1]
Waiver (assignment) value / count~AED 2.93bn / 8252025RAK Municipality [1]
Al Marjan Island sales~AED 940m / 250 sales (vs ~AED 4.04bn / 378 in 2024)2025RAK Municipality [1]
Top regions by sales valueAl Marjan; Al Riffa; Al Jazeera Al Hamra (Qaryat Al Hamra)2025RAK Municipality [1]
Calendar-year 2024 context>AED 15bn total; 2,985 sales >AED 6bn2024WAM restating Municipality [9]
Wynn Al Marjan Island$2.4bn facility; 2027 opening target; ~1,542 roomsFeb 2025 releaseWynn Resorts [2]
Freehold areas (listed)Al Hamra Village; Mina Al Arab; Al Marjan; RAK Central; Julphar Towers; Al Maareedh (Plots); Beach Districtcurrent service cardRAK Municipality [3]
Sale registration fees2% seller + 2% buyer of market value; AED 200 plan; AED 200 titlecurrentRAK Municipality [3][4]
RAKEZ land for developmentPlots from ~2,500 m²; annual renewable lease; industrial/logistics/servicescurrent productRAKEZ [8]

What’s driving demand for RAK land

1. Integrated-resort and tourism infrastructure on Al Marjan Island

Wynn’s Feb 2025 release frames Wynn Al Marjan Island as the first integrated resort in the UAE, backed by a USD 2.4 billion, seven-year delayed-draw construction facility — described as the largest hospitality financing in UAE history — with opening targeted for 2027 [2]. Construction progress cited in that release (structural concrete, room fit-out, façade) shows capital is already in the ground. For plot demand, a financed multi-billion resort changes the hospitality and branded-residence land story on Al Marjan: hotel sites, adjacent residential plots and supporting commercial land are priced against that anchor, not against mainland villa estates.

Land-only caution: Wynn’s release is about the resort project, not a Municipality plot-price index. Use registered Al Marjan sales from the Municipality report for comps [1][2].

2. Freehold designation for non-Emirati buyers in listed areas

The Municipality’s Real Estate Sale Contract service card states that UAE and non-Emirati customers are entitled to own property in freehold areas, and lists freehold areas including Al Marjan Island, Al Hamra Village, Mina Al Arab, RAK Central, Julphar Towers, Al Maareedh (Plots) and Beach District [3]. That legal channel is a concrete demand driver for foreign plot buyers — and a hard stop outside the list. Law No. 11 of 2021 on the Land Register and Law No. 12 of 2023 on real-estate development sit behind registration and developer conduct [5][6].

3. Master-developer pipeline (Marjan and other communities)

Al Marjan Island is master-developed by Marjan; design guidelines, NOCs and plot controls run through that structure [7][3]. As legacy plots inside established masterplans are absorbed, activity historically widened toward other freehold communities on the Municipality list [3]. Plot buyers should treat each masterplan’s GFA, height and use rules as part of the product.

4. Mortgage liquidity vs thinner sales value in 2025

Mortgage value (~AED 12.7 billion) dwarfed sales value (~AED 3.19 billion) in 2025 [1]. That pattern matters for brokers advising leveraged end-users, but it is not evidence that plot prices rose or fell by any specific percentage — the Municipality report does not publish an Al Marjan AED/sq.ft series in the materials used here [1].

5. Why Al Marjan sales value fell without proving a “price crash”

Al Marjan sales value fell from ~AED 4.04 billion (378 sales) in 2024 to ~AED 940 million (250 sales) in 2025 [1]. Fewer and/or smaller headline deals can cut total value sharply even if individual remaining plots do not trade at a verified −50% unit price. Do not market “prices down 50%” from the sales-value line alone [1].

6. Industrial and logistics land via RAKEZ

RAKEZ offers land for development for industrial, logistical and service projects: plots from about 2,500 m², paved roads, utility connections, flexibility to build to client requirements (with RAKEZ approval), on-site staff/labour accommodation options, and lease terms based on annual rent (full year at licence renewal; multi-year upfront accepted) [8]. That is a separate demand pool — factories and logistics operators — from Al Marjan hospitality plots. Proximity to neighbouring emirates and logistical hubs is part of the product pitch [8].

Land-only reading

Treat Al Marjan freehold plots, other listed freehold communities, and RAKEZ industrial leases as three markets. Do not average them into one “RAK land price.”

Supply, zones and notable locations

Location / channelLand productNotes / source
Al Marjan IslandFreehold plots; hospitality & residential masterplanTop sales-value region 2025; Wynn IR anchor [1][2][7]
Al Hamra Village / Qaryat Al HamraFreehold community; among top sales regions[1][3]
Mina Al ArabListed freehold area[3]
Al Maareedh (Plots)Explicitly listed as plots freehold area[3]
RAK Central / Julphar Towers / Beach DistrictListed freehold areas (Beach District described as upcoming on the card)[3]
Al RiffaAmong top regions by sales value 2025[1]
RAKEZ zones (e.g. Al Hamra / Al Ghail industrial)Leasehold industrial/logistics land from ~2,500 m²[8]

Master developer: Marjan for Al Marjan Island guidelines and NOCs [7].

Rules, fees and ownership paths (land-only)

  1. Freehold eligibility — confirm the plot is inside a Municipality-listed freehold area before marketing to a foreign buyer [3].
  2. Developer NOC — required for freehold sales on the sale-contract service path [3].
  3. Registration fees — 2% of market value from seller and 2% from buyer; AED 200 scheme/plan; AED 200 title deed; farmland charged per sq ft on the card; some warehouse categories noted fee-free on the card — verify current card at signing [3][4].
  4. Market value vs agreed price — fees are calculated on market value as applied by the Municipality; that may differ from the negotiated price [3][4].
  5. Land Register / development laws — Law No. 11 of 2021 (Land Register); Law No. 12 of 2023 (real-estate development) [5][6].
  6. RAKEZ industrial — licence + lease paperwork; annual rent; not freehold title assumptions [8].

Buyer and broker checks

  1. Verify freehold eligibility on the Municipality service materials for the exact community [3].
  2. Obtain the plot plan and Marjan (or other master developer) design guidelines for GFA, height and use [7].
  3. Budget transfer costs at 2% + 2% of market value plus plan/title fees [3][4].
  4. For hotel or branded plots, document keys/GFA and any operator attachment separately from residential plot comps.
  5. For industrial: use RAKEZ lease paperwork, plot size, rent and build-approval path [8].
  6. Explain the 2025 Al Marjan value drop correctly — deal mix, not a verified AED/sq.ft index [1].

Risks and red flags

  • Quoting a single “Al Marjan AED/sq.ft” without a registered comparable.
  • Treating the 2025 sales-value drop as a verified price crash [1].
  • Selling freehold to a foreign buyer on a plot outside listed freehold areas [3].
  • Skipping developer NOC or using an unlicensed intermediary.
  • Confusing RAKEZ leasehold industrial land with freehold residential plots [8].
  • Assuming Wynn’s 2027 target is a guarantee of plot liquidity on a specific resale timeline [2].

FAQ

Can foreigners buy freehold land in Ras Al Khaimah?

Yes, in Municipality-listed freehold areas (including Al Marjan Island, Al Hamra Village, Mina Al Arab, RAK Central, Julphar Towers, Al Maareedh Plots and Beach District), subject to Municipality and developer rules [3].

What are the typical land sale registration fees in RAK?

On the Municipality sale-contract service card: 2% of market value from the seller and 2% from the buyer, plus AED 200 for the plan and AED 200 for the title deed [3][4].

Is RAKEZ industrial land freehold?

No. RAKEZ’s land-for-development product is a lease (plots from about 2,500 m²) for industrial, logistics and service projects [8].

Why did Al Marjan sales value fall in 2025?

Municipality figures show Al Marjan sales value fell from about AED 4.04 billion (378 sales) in 2024 to about AED 940 million (250 sales) in 2025. That is a drop in total sales value and count — not a published price-per-square-foot index [1].

Methodology and sources

Access date: 27 October 2026. Primary transaction source: RAK Municipality Lands and Properties report PDF.

  1. RAK Municipality — Real Estate Report on Lands and Properties Sector Transactions 2024–2025 (PDF). Accessed 27 October 2026 (Asia/Calcutta).
  2. Wynn Resorts — “Financing for Wynn Al Marjan Island Completed” (6 Feb 2025). Accessed 27 October 2026 (Asia/Calcutta).
  3. RAK Municipality — Real Estate Sale Contract service card (ZL13). Accessed 27 October 2026 (Asia/Calcutta).
  4. RAK Municipality — Procedures and Registration Fees for Real Estate Sale Service (PDF). Accessed 27 October 2026 (Asia/Calcutta).
  5. RAK Law No. 11 of 2021 on the Land Register (PDF). Accessed 27 October 2026 (Asia/Calcutta).
  6. RAK Law No. 12 of 2023 on Regulating Real Estate Development (PDF). Accessed 27 October 2026 (Asia/Calcutta).
  7. Marjan (Al Marjan Island master developer). Accessed 27 October 2026 (Asia/Calcutta).
  8. RAKEZ — Land for development. Accessed 27 October 2026 (Asia/Calcutta).
  9. WAM — “Ras Al Khaimah real estate transactions exceed AED15 billion in 2024” (19 Feb 2025). Secondary. Accessed 27 October 2026 (Asia/Calcutta).

Gaps: No official published Al Marjan AED/sq.ft series; limited public H1/H2 2026 Municipality monthly totals fully tabulated here yet (monthly PDFs exist on mun.rak.ae and can be refreshed when mid-year totals are needed); RAKEZ does not publish an open transaction time-series comparable to Municipality sales tables. Secondary consultancy (e.g. CBRE H1 2026 unit/hospitality commentary) is not used here as a primary land-price source.

Last reviewed (draft): 27 October 2026.

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