ValuStrat expands its real estate benchmark into Ras Al Khaimah market
ValuStrat has launched its Valustrat Price Index in Ras Al Khaimah, expanding the footprint of its award-winning real estate benchmark to eight markets across the Middle East.
Released every quarter, the Valustrat Price Index is an index and benchmark of the performance and capital values of real estate markets, spanning all segments: residential, commercial, offices, retail, hospitality, and industrial logistics.
The report provides investors, developers, bankers and policymakers with fact-based valuation data and real estate intelligence, informing their decision-marking in areas such as investments, acquisitions, lending, and new developments. According to ValuStrat’s own records, over 1,000 organisations and around 120 financial institutions in the region use the reports to shape their trade-offs and next moves.
Ras Al Khaimah
This week, the Ras Al Khaimah report made its debut, complementing the established Valustrat Price Index studies for Dubai and Abu Dhabi, which have been in place for over a decade. The Ras Al Khaimah index has been backdated to Q1 2024 to capture the emirate’s recent growth cycle, providing stakeholders with a transparent measure of performance from the outset of market acceleration.
Haider Tuaima, Managing Director and Head of Real Estate Research at ValuStrat, commented: “The introduction of Ras Al Khaimah’s first valuation-based index represents a milestone for the emirate’s property market. It provides stakeholders with an independent and objective measure of real performance, beyond listings or sentiment.”
Declan King, Senior Partner and Head of Real Estate at ValuStrat, added: “The launch of the Ras Al Khaimah index reflects our mission to provide independent, data-led insights for investors, financial institutions, developers, and policymakers.”
The highlights
The inaugural report shows that Ras Al Khaimah’s residential market currently finds itself in a boom cycle. In second quarter of 2025, the ValuStrat Price Index reached 117.2 points compared to the baseline of 100 set in Q1 2024, reflecting annual growth of 13.8% and a quarterly increase of 3.2%.
Apartments slightly outpaced villas in performance, rising 13.2% annually and 3.4% quarterly, with strong gains recorded in Mina Al Arab, Al Hamra, and Al Marjan. Villa capital values grew by 15% over the year and 2.7% during the quarter, with Mina Al Arab villas leading at 20% annual growth compared to a more measured 10.8% in Al Hamra.
Sales activity during the first half of 2025 was notably high – more than 3,000 units worth AED 6 billion changed hands at an average ticket size of AED 2 million, while the secondary market saw 550 ready homes sold for a total of AED 646 million, with apartments making up the majority of deals.
“With Ras Al Khaimah emerging as a key growth hub in the Northern Emirates, this index sets a new standard for market transparency,” said King.
Looking ahead, King and Tuaima said that ValuStrat intends to add further markets to its Valustrat Price Index, in line with its mission to deliver independent, data-led insights for evidence-based decisions across the region.
Headquartered in Dubai, and with 17 offices in multiple continents, Valustrat is one of the region’s leading real estate consultancies. The firm was founded in 1977.
