Open Data · Weekly Index

RAK Waterfront Pulse

The number: the median asking price on Al Marjan Island is AED 1,876/sqft as of 6 Jul 2026 — roughly 58% below Dubai Marina/JBR's registered median of AED 4,481/sqft. Mina Al Arab & Hayat Island: AED 1,367/sqft. Computed weekly from 403 live sale listings. Asking prices, not transactions — RAK publishes no open registry, and we say so.

Ras Al Khaimah has no DLD. This is the corridor's honest yardstick — methodology stated, refreshed weekly, free to cite (CC-BY).

Updated 6 Jul 2026 · Source: deduped sample of 403 PropertyFinder sale listings · median, not mean · next refresh weekly

Al Marjan medianAED 1,876/sqft
Mina Al Arab · HayatAED 1,367/sqft
vs Dubai Marina−58%
Sample403 listings

The corridor, by community

CommunityMedian asking /sqftMedian asking priceListingsContext
Al Marjan IslandAED 1,876AED 1,902,000159The Wynn island itself — branded launches, casino-adjacent
Mina Al Arab · Hayat IslandAED 1,367AED 1,500,000110The lagoon corridor 15 minutes from Wynn — incl. Bay Views
Al Hamra VillageAED 1,068AED 1,650,000103The established golf-and-marina community
RAK overallAED 1,413AED 1,600,000403Whole-emirate sample

Medians across live asking prices with a 300–12,000 AED/sqft sanity band; samples deduped by listing id. Cross-source caveat: Dubai comparisons use DLD registered-transaction medians from our Beachfront Market Index pipeline; RAK figures are asking prices.

Why an asking-price index

Dubai's Land Department publishes every registered sale as open data — 87,000+ transactions this year feed our Dubai figures. Ras Al Khaimah operates no equivalent public registry. Every "RAK price" you read is somebody's undocumented estimate. We would rather publish a smaller truth than a grander guess: the median of what sellers are actually asking this week, with the sample size printed next to it.

Asking prices overstate achieved prices — sellers negotiate down, not up. Read this index as a consistent weekly yardstick of direction and relative value between communities, not a valuation of any unit. Our own ground truth on the corridor: Bay Views, Hayat Island — a full floor of twelve residences offered at AED 1,922/sqft.

The demand story behind the numbers

The corridor's catalyst is the $5.1 billion Wynn Al Marjan Island resort — holder of the UAE's first commercial gaming licence, topped out at 299 metres in December 2025, targeting a Spring 2027 opening. Our construction tracker follows each published milestone; the investment arithmetic is in Al Marjan vs Dubai Marina.

Questions this index answers

What does property cost on Al Marjan Island?

As of 6 Jul 2026, the median asking price on Al Marjan Island is AED 1,876 per square foot (median ticket AED 1,902,000), measured across 159 live sale listings. Asking prices, not registered transactions — RAK publishes no open transaction registry.

How much cheaper is RAK than Dubai?

Al Marjan Island's median asking rate of AED 1,876/sqft sits roughly 58% below Dubai Marina/JBR's registered-sales median of AED 4,481/sqft (DLD data). Note the comparison crosses sources: RAK asking prices against Dubai registered transactions.

Why is there no official RAK price data?

Dubai's Land Department publishes every registered transaction as open data; Ras Al Khaimah's municipality does not operate an equivalent public registry. That is why this index exists: a stated-methodology asking-price median, refreshed weekly, is more honest than a number with no source.

What is driving RAK prices?

The $5.1 billion Wynn Al Marjan resort — the UAE's first licensed integrated gaming resort — targets a Spring 2027 opening and anchors the corridor's demand story. Our construction tracker follows every published milestone.

Are asking prices reliable?

They overstate what sellers achieve — that is exactly why we publish the median rather than the mean, state the sample size, and refresh weekly. Treat the index as a consistent, dated yardstick for the corridor's direction, not a valuation of any specific unit.

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Further reading

Written by Yitayal Mesfin — Founder & Principal Broker, Sofia Sands Realty · RERA 41793