Ras Al Khaimah records real estate actions exceeding 15 billion dirhams in 2024
Ras Al Khaimah, February 19/ WAM/ Real estate actions registered in the land and property sector in the Municipality of Ras Al -Khaimah achieved distinguished results during the year 2024, with a total value of more than 15 billion dirhams, which reflects the great activity in the real estate sector in the emirate and the volume of growth that it witnessed. The market.
2,985 sales were recorded, which exceeded 6 billion dirhams, and 1,224 real estate mortgage transactions were completed with a total of contracts exceeding 4 billion dirhams, and 845 concessions, the total number of marketing contracts, more than 3 billion dirhams.
By comparing real estate actions for the year 2024 with the year 2023, a significant increase in the total value appears by up to 117%, and real estate sales recorded a significant increase by 85% compared to the same period in the past year, which reflects a noticeable improvement in the real estate market movement.
The Marjan Island region topped the list of the most important real estate regions in the emirate, with a value of sales exceeding 4 billion dirhams in the year 2024, compared to one billion dirhams in the year 2023, to be in the forefront of the most active areas, and the regions of Riffa, Al -Jazeera and Al -Hamra village also recorded high results in terms of values Sayat.
Among the most prominent points indicating the development of the real estate market in Ras Al Khaimah, is the significant increase in the value of industrial land sales, as these lands witnessed a huge increase by 1.226% in the year 2024 compared to the previous year, and commercial residential lands also recorded an increase of 217% in the period Its itself, which reflects the increasing demand for these types of land in the emirate.
The real estate market in Ras Al Khaimah continues to achieve positive results, which reflects the increasing confidence of local and international investors in the real estate sector in the emirate.
It is expected that real estate actions will continue to grow in the coming years, which supports Ras Al Khaimah’s vision in being one of the most attractive destinations for real estate investments.
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