Developer benchmark · July 2026

RAK off-plan projects: AED 1,972/sqft

RAK has 22 off-plan projects in our July 2026 dataset across 5 communities (most in Mina Al Arab, Al Marjan Island, Al Jazeera Al Hamra Industrial), ranking #21 by project count among UAE developers we track.

Across 271 priced unit records the median asking price is AED 1,972 per sqft (2% below the Dubai-wide off-plan median), with the middle half between AED 1,790 and AED 2,301.

The median unit is AED 1.82M for 886 sqft.

RAK payment plans typically ask 10% on booking and 50% before handover; 26% include post-handover instalments.

Its heaviest handover year is 2028 with 13 projects due.

#21 of 391 developers by projects#82 of 208 by AED/sqft22 projects271 priced unitsRas Al Khaimah 37 · Abu Dhabi 1

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Median AED/sqft

1,972

p25 1,790 to p75 2,301

Median asking price

AED 1.82M

for a median 886 sqft unit, in the AED 1M to 2M band

Paid before handover

50%

median of 46 payment plans

Communities

Mina Al Arab, Al Marjan Island

5 of 6 measures have the evidence to publish

Scorecard

22 off-plan, 16 on record as delivered

Completions on record

2023 to 2026, 4 handover years

Live off-plan

3 communities, 271 priced units

Price against neighbours

not measured

needs 5 comparable projects

Payment plan discount

6.73%

median of 15 priced schedules, market 5.26%

Measure	This developer	Base	What it says, and does not
Completions on record	16	22 off-plan	Buildings the corpus records as handed over, 2023 to 2026, 14 of them since 2024. It is a count of completions, not a punctuality record: see the note below.
Past its stated handover	1 of 22	5% vs 6% market	Off-plan projects whose own published handover date has passed while the source still records them as under construction. One observation cannot separate a delayed building from a listing nobody refreshed, so this is a flag to check, not a finding.
Payment plan discount	6.73%	15 schedules	How much less the unit costs in today’s money than its headline, once the published schedule is discounted. Market median 5.26%. Terms, not price: the full ranking.
Community footprint	3 communities	22 located projects	A concentrated book: 91% of it sits in Mina Al Arab. Concentration is a fact about exposure, in either direction, not a verdict.
Listing completeness	86%	22 off-plan	Share of five listing facts published across its own projects: price 96%, handover date 100%, unit inventory 77%, payment plan 73%, coordinates 82%. Market 86%. This scores disclosure, not the buildings.

Not measured here: price against neighbours. Each of those needs a base this developer does not reach in the corpus, and a thin number is worse than none.

The scorecard does not measure whether RAK hands over on time. Every project in this corpus carries one handover date, the date its listing stated when we read it. There is no separately recorded original announced date and no earlier reading of the same project to compare against, so no on-time rate can be computed, and we publish none rather than a proxy. The completions column is also bounded by what the corpus can see: 1,034 of the 1,087 delivered buildings on record handed over in 2020 or later (96%), and the corpus only sees projects that were listed on the portals we read, so an absent completion is an absence of evidence rather than evidence of absence. Full definitions, queries and limitations: methodology.

Distribution of asking price per sqft

Where the prices sit

271 units, 2nd to 98th percentile

Min

526

p25

1,790

Median

1,972

Mean

2,052

p75

2,301

Max

3,654

200 of the 271 records are individual units with a listed price and size; the rest are unit-type starting prices. See methodology.

Price, size and AED/sqft

By bedroom count

Type	Units	Median AED/sqft	p25 to p75	Median price	Median size	Entry (p25 price)
Studio	7	1,990	1,445 to 2,936	AED 770,000	387 sqft	AED 675,000
1 BR	144	1,900	1,793 to 2,137	AED 1,521,000	803 sqft	AED 1,191,500
2 BR	78	2,086	1,592 to 2,312	AED 2,531,500	1,217 sqft	AED 2,221,750
3 BR	37	2,497	2,042 to 3,105	AED 6,852,000	2,776 sqft	AED 5,222,000
4 BR	5	2,394	2,352 to 2,815	AED 18,300,000	6,735 sqft	AED 18,300,000

By property type (median AED/sqft): Apartment 1,939 (226), Duplex 2,381 (19), Penthouse 2,127 (10), Villa 2,788 (8), Townhouse 2,940 (8).

From 46 published plans

Payment plan norms

Median RAK structure

40%

Dubai-wide median structure

20%

40%

30%

On bookingDuring constructionOn handoverPost-handover

Medians are computed stage by stage, so bars may not sum to exactly 100. Plans with a stated total outside 90 to 110% are excluded.

On booking

10%

range 5% to 10%

Before handover

50%

range 40% to 60%

Post-handover plans

26%

median 48% after keys

50% or less pre-handover

65%

share of plans

Scheduled handovers by quarter

Delivery pipeline

Q1 '25

Q3 '25

Q4 '25

Q1 '26

Q2 '26

Q3 '26

Q4 '26

Q2 '27

Q1 '28

Q2 '28

Q3 '28

Q1 '29

By year: 2023 (2), 2024 (3), 2025 (7), 2026 (8), 2027 (2), 2028 (13), 2029 (3). Construction status: under construction 18, completed 14, not stated 6.

5 communities

Where RAK builds

Mina Al Arab 33 Al Marjan Island 2Al Jazeera Al Hamra Industrial 1Al Reem Island 1Ras al Khaimah Gateway 1

22 tracked

Every RAK off-plan project

Open in the index

Project	Community	Type	From	Median AED/sqft	Pre-handover	Handover	Status
Enta Residences	Mina Al Arab		AED 1.72M	2,280	50%	Q1 2028	On sale
Lunara The Strand	Al Marjan Island	Apartment, Penthouse	AED 1.07M	1,788	40%	Q1 2029	On sale
Nura	Mina Al Arab	Apartment	AED 830K	2,104	40%	Q1 2029	On sale
Solera Downtown Mina	Mina Al Arab	Apartment, Penthouse	AED 1.23M	1,869	35%	Q2 2028	On sale
Skai	Mina Al Arab	Apartment, Penthouse	AED 1.25M	1,968	50%	Q2 2028	Booking Started
Mirasol Phase 2 By Rak Properties	Mina Al Arab	Apartment, Duplex, Penthouse	AED 1.69M	2,094	40%	Q3 2028	On sale
Mirasol Mina	Mina Al Arab		AED 1.62M	1,997	40%	Q2 2028	On sale
Edge at Raha Island By RAK	Mina Al Arab	Apartment, Penthouse	AED 750K	1,552	60%	Q2 2027	Sold out
Mirasol	Mina Al Arab	Apartment, Duplex, Penthouse	AED 770K	1,853	30%	Q2 2028	Sold out
Quattro Del Mar	Mina Al Arab	Apartment, Duplex, Townhouse	AED 1.14M	3,296	20%	Q4 2026	On sale
Bayviews By RAK	Mina Al Arab	Apartment	AED 600K	1,102	40%	Q3 2028	Sold out
Skai Mina	Mina Al Arab		AED 1.61M	1,997	50%	Q2 2028	On sale
Anantara Mina	Mina Al Arab	Apartment, Villa	AED 6.07M	2,900	60%	Q2 2028	On sale
Enta Mina Residences	Mina Al Arab	Apartment	AED 896K	2,243	n/a	Q1 2028	On sale
RAK NB Collection	Mina Al Arab	Villa	AED 18.3M	2,605	60%	Q4 2026	Sold out
Granada Villas Phase 2 By Rak	Mina Al Arab	Townhouse	AED 2.30M	1,202	50%	Q1 2026	Sold out
Cape Hayat By Rak	Mina Al Arab	Apartment, Penthouse	AED 12.0M	1,781	20%	Q3 2026	On sale
Anantara Mina Ras Al Khaimah Residences	Mina Al Arab		AED 2.20M	n/a	n/a	Q3 2028	Not stated
Bay Residences	Mina Al Arab	Apartment, Duplex	AED 680K	n/a	30%	Q4 2025	Sold out
Beach House	Al Marjan Island	Townhouse	AED 5.45M	n/a	20%	Q4 2025	On sale
Beach House at Bay Residences	Mina Al Arab		AED 7.12M	n/a	20%	Q4 2025	On sale
Beachfront Collection	Mina Al Arab		n/a	n/a	n/a	Q3 2028	Might Be Sold Out
Cape Hayat Phase 2 By Rak	Mina Al Arab	Apartment	AED 700K	n/a	40%	Q2 2026	On sale
Edge	Mina Al Arab		AED 750K	n/a	n/a	Q2 2027	Not stated
Flamingo Villas	Mina Al Arab	Villa	AED 1.20M	n/a	n/a	Q1 2024	Sold out
Gateway Residences Phase 2 By Rak	Mina Al Arab	Apartment	AED 783K	n/a	50%	Q4 2024	On sale
Granada II	Mina Al Arab		AED 2.30M	n/a	n/a	Q1 2026	Not stated
Julphar Residence	Al Reem Island	Apartment	AED 450K	n/a	100%	Q4 2023	Sold out
Lunara	Al Jazeera Al Hamra Industrial		AED 1.28M	n/a	n/a	Q1 2029	Not stated
Malibu Villas	Mina Al Arab	Townhouse, Villa	AED 1.75M	n/a	95%	Q3 2023	Sold out
Marbella Villas	Mina Al Arab		n/a	n/a	100%	Q2 2026	Sold out
Marbella Villas Phase 2 By Rak	Mina Al Arab	Villa	AED 1.75M	n/a	40%	Q2 2026	Sold out
Nasim Lofts	Mina Al Arab	Apartment, Duplex	AED 5.50M	n/a	40%	Q3 2025	Sold out
Nasim Lofts at Bay Residence	Mina Al Arab		n/a	n/a	40%	Q1 2025	Sold out
Northbay Residences	Mina Al Arab		AED 556K	n/a	n/a	Q1 2025	Not stated
Ras Al Khaimah Gateway	Ras al Khaimah Gateway	Apartment	AED 783K	n/a	40%	Q4 2024	On sale
Solera	Mina Al Arab		AED 808K	n/a	n/a	Q2 2028	Not stated
South Bay Residences	Mina Al Arab	Apartment, Duplex	AED 680K	n/a	30%	Q1 2025	Sold out

Project facts (name, community, starting price, handover, payment plan) are as published by the developer. Median AED/sqft is our computation over that project's priced units.

Compare on AED/sqft

Developers at a similar price point

Developer	Projects	Priced units	Median AED/sqft	vs RAK	Pre-handover
Dugasta	8	324	1,974	+0%	40%
Imtiaz	41	171	1,975	+0%	60%
Lapis	3	103	1,976	+0%	74%
AYS	7	71	1,977	+0%	60%
DHG	4	35	1,978	+0%	50%
Hirat	1	89	1,981	+0%	40%

FAQ

Questions this data answers

What is RAK's average off-plan price per sqft?+

Across 271 priced units in 29 RAK projects (July 2026), the median asking price is AED 1,972 per sqft, with the middle half between AED 1,790 and AED 2,301.

Where is RAK building off-plan?+

RAK has projects in 5 communities. The largest concentrations are Mina Al Arab (33), Al Marjan Island (2), Al Jazeera Al Hamra Industrial (1), Al Reem Island (1), Ras al Khaimah Gateway (1).

What payment plan does RAK usually offer?+

Across 46 published RAK payment plans the median structure is 10% on booking, 40% during construction and 40% on handover, so 50% before keys. 26% of plans include post-handover instalments.

When are RAK's off-plan projects handing over?+

Scheduled handovers by year: 2023: 2, 2024: 3, 2025: 7, 2026: 8, 2027: 2, 2028: 13, 2029: 3. Dates are as published by the developer and can move.

How much does a RAK off-plan unit cost?+

Studio: median AED 770,000 for 387 sqft; 1 BR: median AED 1,521,000 for 803 sqft; 2 BR: median AED 2,531,500 for 1,217 sqft; 3 BR: median AED 6,852,000 for 2,776 sqft; 4 BR: median AED 18,300,000 for 6,735 sqft.

The notes behind the numbers on this page