The future of real estate was unveiled today at the Future of Ras Al Khaimah (RAK) conference. Among the key attendees were Hamid Jaafri, CEO of One Investments, and COO Nathan Berry, who joined Abdulla Al Abdouli, CEO of Marjan, to discover the region’s transformative potential.
Our leadership team had the privilege of hearing Abdulla Al Abdouli’s personal insights into the market, along with updates on the exciting developments underway. His vision for Ras Al Khaimah, combined with exclusive insights from Max Tappeiner, President of Wynn Al Marjan Island, highlighted the transformative potential of the region. From the tourist appeal to the sheer profitability from an investor’s perspective, it’s safe to say that RAK is the emirate to watch.
Why Ras Al Khaimah, and Why Now?
The UAE’s potential for investment cannot be ignored, but Ras Al-Khaimah has had the spotlight as of late. In 2022 alone, this dynamic emirate attracted 1.13 million visitors, marking a 15% increase over the previous year. The goal is to reach three million visitors by 2030.
A large part of what’s driving the shift in focus is the $4 billion Wynn Resort on Marjan Island. It’s set to be the UAE’s first-ever gaming resort, promising island-goers a taste of Vegas and all things upscale. And with the latest developments in proptech that this conference ushered in, investing is more secure than ever.
Real Estate in Ras Al Khaimah and Dubai: The Right Place, Right Time
The facts of Al-Marjan are simple. Demand is projected to shoot straight up, and only a few limited suppliers will be able to capitalise. Suffice it to say that holiday-goers and gaming enthusiasts hoping to be the first to experience the coveted island lifestyle will have to book months in advance.
With Dubai’s indisputable status as a safe and lucrative investment, there are more options than ever. Ras Al Khaimah’s growth is adding another layer to this landscape, offering high-return investment opportunities in an increasingly attractive region.
Why This Matters
The Future of RAK Conference emphasised the importance of staying informed in a rapidly evolving market. For anyone looking to diversify their portfolio with strategic investments, Ras Al Khaimah’s real estate market presents a timely opportunity.
Take the Next Step
Ready to explore profitable property investments in RAK or Dubai? Reach out to learn how to make a smart move in the UAE’s thriving real estate sector.
