Mortgage-backed transactions now make up the largest share of Ras Al Khaimah’s real estate activity, indicating a major shift toward structured financing and end-user ownership, according to new government data.
Figures from the Ras Al Khaimah Statistics Centre, based on data from the Ras Al Khaimah Municipality, show this financing trend is redefining the emirate’s property sector — moving it away from speculation and toward long-term stability.
Property activity grows 855%
Overall real estate activity in Ras Al Khaimah reached Dhs13.06 billion in the first quarter of 2025, a sharp increase from Dhs1.36 billion in Q1 2017. The growth represents a rise of over 855% in eight years.
“This level of expansion is transformational. A nearly ninefold increase in real estate activity reflects a market that has moved far beyond speculation. Buyers and investors today are looking for stability, infrastructure, and long-term value — and they’re finding that in Ras Al Khaimah,” said Andrei Charapenak, CEO of Major Developments.
Charapenak added: “At Major Developments, we’ve been committed to delivering distinctive, high-quality projects that match this momentum—homes that offer lifestyle quality, investment resilience, and financing accessibility.”
The company said it is focused on offering housing options that meet the needs of today’s buyers, who are seeking a combination of modern design, affordability, and long-term livability.
The increase in mortgage-based ownership comes alongside wider economic and infrastructure improvements in the emirate. These include development in tourism, industrial sectors, and government efforts to improve regulatory processes — factors that continue to support investor and buyer confidence.
tanvir@dubainewsweek.com
