Marjan CEO Abdulla Al Abdouli urged investors to tap into Ras Al Khaimah’s booming real estate and tourism markets, with current returns reaching up to 50%.
DUBAI: Ras Al Khaimah is fast becoming the UAE’s newest investment magnet, offering 30–50% returns on investment, according to Abdulla Al Abdouli, CEO of Marjan, speaking at the Opportunities Unlimited: Investing in a World of Possibilities conference organised by the Dubai Chapter of the Institute of Chartered Accountants of India (ICAI).
“Ras Al Khaimah is the new investment hotspot, and I urge investors to seize the opportunities in real estate and hospitality,” Al Abdouli said, highlighting the emirate’s strong growth pipeline driven by mega-projects such as the Dh14.3 billion Wynn Al Marjan Island resort and a Dh5 billion portfolio by RAK Properties.
In the first half of 2025 alone, Ras Al Khaimah recorded Dh6 billion in off-plan sales and Dh646 million in ready property transactions, with rental yields averaging 5.6%. Population growth is projected to surge by more than 50% to 650,000 by 2032, requiring 45,000 new homes and thousands of additional hotel keys to meet demand.
Currently home to 8,000 hotel keys and welcoming 1 million tourists annually, the emirate aims to host 5 million tourists by 2030, supported by eco-tourism, adventure travel, and a gaming destination strategy.
The ICAI Dubai conference also spotlighted investment opportunities for Non-Resident Indians in equity markets, particularly in pre-IPO stages, where wealth multiplication potential is high.
“Dreams do not come true by dreaming. For making a dream come true, two things are required – smartness and boldness,” said CA Jai Prakash Agarwal, Chairman of ICAI Dubai Chapter, who also noted the organisation’s record membership of over 3,150 members in Dubai.
With developments like Al Marjan Island, RAK Central, and new master-planned communities on the horizon, Ras Al Khaimah continues to position itself as one of the UAE’s most lucrative real estate and tourism destinations.
