Ras Al Khaimah is rapidly emerging as a dynamic destination known for its natural beauty, rich heritage, and forward-thinking development. With a diverse economy that spans tourism, real estate, Ras Al Khaimah has built a reputation as a welcoming and investor-friendly hub.
In line to this, Ras Al Khaimah continues to solidify its position as a robust and attractive investment destination, with its ‘A+’ credit rating reaffirmed alongside a stable outlook. This recognition reflects the emirate’s strategic focus on sustainable, cross-sector growth supported by sound economic fundamentals and a dynamic investment environment.
Tourism continues to play a pivotal role in Ras Al Khaimah’s economic development, supported by large-scale projects such as the $5.2 billion Wynn Al Marjan Island integrated resort, a growing portfolio of luxury hotels, and internationally acclaimed leisure facilities. These initiatives are reshaping the emirate into a globally recognised tourism destination, while also driving growth in the real estate sector, attracting new investment, and contributing to long-term economic stability.
Recent data shows that Ras Al Khaimah recorded a real GDP growth rate of 6.7% in 2024, a notable increase from 3.6% in the previous year. This acceleration reflects the emirate’s sustained economic momentum and its capacity to navigate global economic challenges, supported by fiscal management and strategic planning.
Beyond tourism, several factors contribute to Ras Al Khaimah’s strong credit profile, including a high GDP per capita, effective governance, political stability, and a well-established rule of law. These factors collectively reinforce the emirate’s position as a stable and competitive environment for business and investment.
A spokesperson highlighted that the consistent A+ rating is a direct result of the emirate’s commitment to building a diversified and resilient economy. Over the years, Ras Al Khaimah has emerged as a preferred destination to live, work, and invest, benefiting from proactive development strategies.
Earlier this year, Ras Al Khaimah marked a significant financial milestone with the successful issuance of a $1 billion, 10-year sukuk, an indication of strong investor confidence in the emirate’s economic outlook.
Public-sector debt remains among the lowest in its category, currently standing at just 11% of GDP and expected to decline further to 9% by 2026. This disciplined fiscal approach enhances the emirate’s credit standing and reinforces its ability to support future investment initiatives.
Projections indicate that Ras Al Khaimah’s economic growth will average 6.1% through 2026, reflecting continued expansion across key sectors. The anticipated completion of major developments, including the Wynn Al Marjan Island resort set to open in 2027, is expected to support further diversification and reinforce the emirate’s position as a prominent and competitive economic centre.
The Road Ahead
Ras Al Khaimah’s success exemplifies how visionary planning, strategic investment in tourism and infrastructure, and sound fiscal governance can combine to generate sustainable economic growth. For investors seeking stability long-term potential in the UAE, Ras Al Khaimah presents a compelling choice.
Global trust is earned through consistent performance and credibility. Dubai has made substantial advancements, positioning itself as a reliable destination. For investors considering property investments, the current period offers a particularly stable and strategically favorable opportunity.
