In a strategic move to invigorate Ras Al Khaimah’s real estate sector, Marjan, the leading developer of freehold properties in the emirate, has introduced a Dh2-million reward program. This initiative offers Dh1 million to the top real estate agent achieving the highest sales and Dh1 million to the investor with the largest transactions, with the qualification period open until the end of the year.
The announcement was made by Marjan’s CEO, Abdulla Al Abdouli, at the ‘Future of Ras Al Khaimah Conference.’ The reward program is designed to encourage significant market participation, driving investment and transactions as Ras Al Khaimah sets ambitious growth goals for 2025.
Growth in Ras Al Khaimah’s Luxury Real Estate Market
Ras Al Khaimah’s real estate sector has seen a notable increase in luxury property sales. Recently, a developer sold two high-end units for a record Dh180 million, underscoring the emirate’s growing appeal among affluent buyers. Almal Real Estate Development has also set a new benchmark in the region, with properties achieving a rate of Dh6,300 per square foot, reflecting heightened interest in prime real estate.
Vision for Ras Al Khaimah’s Future Development
Marjan has also revealed plans for ‘RAK Central,’ a master-planned development that will provide modern office spaces and create a balanced work-live environment with a focus on environmental sustainability. This new hub is expected to attract a diverse range of residents and businesses, further establishing Ras Al Khaimah as a vibrant, sustainable community.
In addition, Al Marjan Island is progressing with development projects to attract strategic partners and investors, aiming to establish Ras Al Khaimah as a desirable destination that balances lifestyle and growth. The island is also set to welcome the region’s first integrated gaming resort, Wynn Al Marjan Island, scheduled to open in 2027.
Driving a Dynamic Real Estate Market
Marjan’s incentive program reflects its commitment to building a strong and sustainable real estate market in Ras Al Khaimah. By offering substantial rewards to top-performing agents and investors, the initiative is expected to encourage active participation, attract new investments, and support the emirate’s broader vision for growth.
