In many ways Ras Al Khaimah’s construction sector is the backbone of the local economy, with a number of major infrastructure projects enabling development across a range of sectors. The government is investing heavily to establish the emirate as an international destination for tourism, which is driving significant development. Indeed, the...
In a project that is expected to add 21 km of beaches and 2.7m sq metres of prime real estate to Ras Al Khaimah’s already existing 64 km of natural beaches, Al Marjan Island is central to the government’s strategy of developing the emirate as a destination for “affordable luxury”. Al Marjan Island is the UAE’s fourth man-made island complex and...
Despite difficult economic conditions throughout much of the world, the property market in Ras Al Khaimah has remained relatively strong. Real estate prices peaked in 2008 and have since receded, with the low point coming in 2009 and 2010. However, the sector is now recording modest gains, and industry leaders expect demand to remain fairly constant...
Although the recent global economic downturn affected Ras Al Khaimah’s construction industry, the sector is moving forward and remains a key component of the emirate’s growing economy. While the recession has had an impact, industry players are taking steps to overcome many of these difficulties. Further, the focus on these challenges does not...
Although Ras Al Khaimah’s construction sector has not yet returned to pre-economic downturn levels of growth, local materials firms are mitigating the effects of the altered market using a variety of strategies. Concentrating on core business strengths, entering new markets and working on supplying key projects abroad are some of the methods...
The property sector in Ras Al Khaimah is developing and expanding on a number of fronts. While investors remain cautious, many are also feeling increasingly confident, and this renewed confidence is evident in the fact that RAK developers have been handing over residential units as well as retail and office space. Local banks have taken notice and...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×