RAK Properties has announced the construction of the Mina project in Ras Al Khaimah as part of a mega development pipeline valued at $1.4 billion.

Rising Off-Plan Property Prices

Off-plan properties in Dubai have experienced a significant price increase, with average prices for one-bedroom units rising by 46% year-over-year to AED 1.2 million.

Premium Features in New Developments

Developers are enhancing off-plan projects with luxury amenities such as individual pools and advanced fitness facilities to attract buyers.

Impact of interest rates

Interest rates have a significant impact on real estate affordability and market activity.

Emerging Price Discrepancies

A notable price gap is developing between off-plan and ready properties.