These figures describe the Sofia Sands book — the 69 residences we track across Dubai and Ras Al Khaimah — not the wider market. We publish them because a curated portfolio is itself a signal of where we see value.
Where the book stands
- Average asking price, Dubai residences: AED 12,979,238
- Ras Al Khaimah position: the Bay Views full-floor allocation — 12 residences on Hayat Island held as a single AED 18,000,000 entry (≈ AED 1,500,000 per residence)
- Per square foot — the comparison that matters: our RAK waterfront enters around AED 1,452/sqft against a Dubai beachfront median of AED 3,030/sqft (DLD-registered sales) — roughly 52% below the same asset class in Dubai
Composition
53 ready residences (77%), 16 off-plan (23%). The off-plan weighting reflects where we currently find the better risk-adjusted entries — primarily RAK waterfront ahead of the Wynn Al Marjan opening, scheduled for 2027.
What we are watching
1. Hayat Island and Mina Al Arab pricing as Wynn Al Marjan construction advances toward its announced 2027 opening 2. The Dubai–RAK price-per-square-foot spread — the widest arbitrage we track 3. Handover schedules across our off-plan positions
The caveat
Portfolio averages move when the portfolio changes. A single high-value addition shifts the mean; these are directional signals, not market indices.
Sofia Sands Research. Figures reflect our tracked portfolio on the publication date, not market-wide transaction data. DLD and RAK Municipality transaction records remain the authoritative sources.