The value of real estate transactions registered in the land and property sector in Ras Al Khaimah during 2023 amounted to more than 6 Billion Dirhams.
According to the annual report issued by the sector in the Ras Al Khaimah Municipality, a large number of various real estate transactions were recorded, such as sales and mortgages for vouchers, documents, and assignments, including 3,111 sales whose value exceeded 3 Billion Dirhams, and 1,388 mortgages whose total contracts amounted to more than 2 Billion Dirhams, in addition to 904 assignment transactions. The total market value of its contracts reached more than 958 Million Dirhams.
In terms of the most popular areas according to real estate sales, the Marjan Island area topped with sales amounting to more than one Billion Dirhams, followed by Al Jazeera Al Hamra area and Al Hamra Village with a value of more than 680 Million Dirhams, followed by Al Raffa area with a value of more than 294 Million Dirhams.