Ras Al Khaimahโs Real Estate Market Surges in H1 2025
The Ras Al Khaimah real estate market is experiencing an exceptional growth phase, driven by robust developer activity and increasing global investor demand. According to RAK Properties, H1 2025 was one of the strongest on record, with revenue rising 27% to AED 774.79 million and net profit jumping 80% to AED 160.60 million compared to the same period in 2024.
Sales values doubled year-on-year, reaching AED 1.41 billion from AED 703 million, highlighting the rising appetite for properties in the emirate. The sales backlog also grew 42% to AED 2.62 billion, providing clear visibility on sustained demand and future cash flow.
With international interest surging, high-profile projects such as the Mina development, Armani Beach Residences, and Anantara Mina Residences are transforming RAK into a luxury residential and tourism hotspot. This booming backdrop provides fertile ground for developers like MIRA Developments to launch innovative new projects.
About MIRA Developments
Founded in 2020, MIRA Developments has rapidly grown into a recognized name in the UAEโs real estate market. Initially known as one of Dubaiโs top-performing brokerages โ even ranking as Emaarโs No.1 broker in sales by 2022 โ the company has since expanded into developing its own projects.
MIRA operates under the Mira Family umbrella, which also includes:
- Mira Homes โ for residential services
- Mira Business Services โ providing legal and investment guidance
- Mira Renovation โ offering interior design and renovation solutions
With a focus on luxury, sustainability, and innovative design, MIRAโs projects often feature smart home technology and eco-friendly construction methods. The developer is committed to elevating modern living standards while ensuring long-term investment value for clients.
MIRA Developmentsโ Latest Projects in Ras Al Khaimah
MIRA Developments is bringing its luxury-driven approach to Ras Al Khaimah, aligning perfectly with the emirateโs vision of becoming a global real estate and tourism hub. Their latest projects blend international design brands with world-class waterfront locations.
| Project Name | Location | Unit Types | Starting Price |
|---|---|---|---|
| Gianfranco Ferre Residences | Al Marjan Island | Studios, 1, 2 & 3 Bedroom Apartments | AED 1,536,000 |
| Trussardi Residences 2 | Al Furjan | Studios, 1 & 2 Bedroom Apartments | AED 907,979 |
Both projects reflect MIRAโs ethos of combining luxury with functionality. Branded residences like Gianfranco Ferre Residences are designed for high-net-worth investors seeking exclusivity, while Trussardi Residences 2 provides stylish yet affordable luxury living options.
Why Invest in MIRA Developments Projects in RAK?
Rising Market Momentum โ With sales up 101% in H1 2025, Ras Al Khaimahโs real estate is outperforming much of the UAE.
Luxury Branded Residences โ MIRAโs partnership with global fashion houses like Gianfranco Ferre and Trussardi ensures premium design and international appeal.
Strong Tourism Growth โ Developments such as Mina and Armani Beach Residences are boosting RAKโs profile as a luxury tourism destination, driving property demand.
Investor-Friendly Pricing โ Options start below AED 1 million, making it accessible for first-time buyers while still offering upscale finishes.
Sustainability & Smart Living โ MIRA integrates smart home systems and sustainable construction, ensuring long-term value and lower running costs.
