Property Prices in Ras Al Khaimah Forecasted to Skyrocket 25% with Gaming Resort Ventures

With the launch of this outstanding Gaming resort, it is expected that property demands will surge by 25% in Ras Al Khaimah. According to sources, Ras Al Khaimah is seeing a strong property demand, after Abu Dhabi and most end-users are looking for second homes or holiday homes in RAK.

The New gaming resort Wynn is the centre of attention in Ras Al Khaimah and is expected to increase property prices once it delivers the handover. It offers beachfront properties and indeed this is the USP. With Wynn Resort Ras Al Khaimah real estate market will see positive growth indeed. Many top real estate developers in the UAE have foreseen this futuristic growth and are now launching their luxury residential developments, such as Emaar Address Residences Phase 2 at Al Marjan Island by Emaar Properties.

Investors primarily focused on second homes here and mostly India, Pakistan, China, the GCC region, Europe and CIS nations frequently show their interest in Ras Al Khaimah Real Estate Projects. The city has witnessed the demand for smaller units such as studios and 1-bed apartments for sale in Ras Al Khaimah. Here a studio price starts from AED 800,000 and a 1-bed apartment starting price is AED 1.2 million. Including this RAK is quite a preferred choice amongst high-net-worth individuals who look for branded residences worth more than AED 7 million; whether it could be a 3-bed apartment for sale in Ras Al Khaimah or aVilla for sale in Ras Al Khaimah.