Apartment values on Al Marjan Island rose 9.4% year on year in Q2 2026, the strongest of any apartment location in Ras Al Khaimah, according to ValuStrat. They were also flat over the quarter. Both facts matter.
The headline numbers
| Measure | Figure | Source |
|---|---|---|
| Al Marjan apartment values, year on year | +9.4% | ValuStrat, Q2 2026 |
| Al Marjan apartment values, quarter on quarter | 0.0% | ValuStrat, Q2 2026 |
| Al Marjan apartment value per sq ft | ~AED 1,160 | ValuStrat, Q2 2026 |
| RAK apartment values, year on year | +5.8% | ValuStrat, Q2 2026 |
| RAK apartment prices, year on year | +6.5% | Cavendish Maxwell, H1 2026 |
| Gross apartment yield | ~5.3% | ValuStrat / Cavendish Maxwell |
Why reports disagree
You will see Al Marjan growth quoted at 9%, 17% and even over 20%. They are not all wrong. Some indices track valuations of existing homes, some track transaction prices, and some are weighted towards new branded launches, which sell well above older stock. Always ask which index a number comes from, and over what period.
What they agree on
Al Marjan Island has led Ras Al Khaimah's apartment market for more than a year. And momentum has cooled: values held their gains in Q2 rather than extending them, and emirate-wide prices dipped slightly over the latest quarter.
Where new supply is going
Market research puts nearly two-thirds of Ras Al Khaimah's future hotel supply on Al Marjan Island, most of it five-star. That is the concentration behind the island's story, and also the risk to watch: a lot of new product arriving in one place.
My read
This is my view, not a forecast. The run since the Wynn announcement is priced into today's values. A flat quarter is the market pausing ahead of the opening in September 2027, not the end of the story. What happens next depends on whether visitors arrive at the scale the resort is built for.
Sources: ValuStrat Ras Al Khaimah Real Estate Review Q2 2026; Cavendish Maxwell RAK market research H1 2026; published market research on RAK hotel supply, 2026.