Which authority regulates developers, escrow accounts and real estate advertising in Ras Al Khaimah?
- Dubai's RERA, under a federal agreement
- The Real Estate Regulatory Administration, part of RAK Municipality's Lands and Properties sector
- RAK Economic Zone (RAKEZ)
- The RAK Department of Economic Development
RAK has its own regulator inside RAK Municipality's Lands and Properties sector. It registers developers and projects, approves escrow accounts with registered trustees, issues advertising permits and registers brokerage firms. Dubai's RERA has no power in RAK.
RAK Municipality, Real Estate Regulatory Administration (2026-10) Al Marjan Island, home of the future Wynn resort, is made up of how many man-made islands?
- Two
- Three
- Four
- Seven
Al Marjan Island is four reclaimed islands (Breeze, Treasure, Dream and View) covering over 2.7 million sq m and adding about 23 km of waterfront. Breeze island links the development to the mainland.
RAK Media Office, How a Sheikh's vision kick-started Ras Al Khaimah's tourist industry with Al Marjan Island (2026-10) As confirmed by Wynn Resorts in August 2026, when is Wynn Al Marjan Island expected to open to guests?
- Already open since December 2025
- Early 2026
- Late 2029
- September 2027
Wynn confirmed a September 2027 opening, with the project cost rising to about $5.7 billion. In October 2024 Wynn received the UAE's first commercial gaming operator licence from the federal General Commercial Gaming Regulatory Authority, which is a major draw for buyers on and around Al Marjan.
Gulf News, Wynn Al Marjan Island sets opening date; project cost climbs to $5.7 billion (2026-08) Your buyer is purchasing a ready villa in a RAK freehold area for 1,650,000. RAK Municipality charges the buyer 2% of the value to register the sale. How much is the buyer's registration fee, in dirhams?
1,650,000 x 2% = 33,000. In RAK the seller also pays 2%, so the government takes 4% in total on the sale, split equally. Compare Dubai, where the 4% DLD fee is usually paid by the buyer.
RAK Municipality, Procedures and registration fees for real estate sale service (2026-10) Under RAK Law No. 11 of 2021 on the real estate register, where can a non-GCC foreigner own property in Ras Al Khaimah?
- Only in areas designated for this purpose by the Ruler, such as Al Marjan Island, Al Hamra Village and Mina Al Arab
- Anywhere in the emirate, since 2021
- Nowhere: foreigners can only take 10 year leases
- Only inside RAKEZ free zone warehouses
The law treats anyone who is not a UAE or GCC citizen as a foreigner who may own only in areas the Ruler designates (freehold areas). A company counts as foreign if less than 51% of its capital is held by UAE or GCC nationals.
Al Tamimi & Co, Law No. 11 of 2021 in respect of the real estate register in Ras Al Khaimah (2021-10) A RAK developer wants to sell and allow mortgages on apartments that are still under construction. What must happen first under Law No. 11 of 2021?
- The units must be completed and receive title deeds
- The developer only needs a sales permit from RAKEZ
- The units must be registered in the interim register
- Buyers must sign before a notary in Dubai
The 2021 law created an interim register for off-plan units. Developers must register units there before selling them off-plan, and sales and mortgages of interim registered units are then expressly allowed.
Al Tamimi & Co, Law No. 11 of 2021 in respect of the real estate register in Ras Al Khaimah (2021-10) According to RAK Municipality's Lands and Properties sector, what was the total value of registered real estate transactions in Ras Al Khaimah in 2025?
- About 6.4 billion, down 50%
- About 18.8 billion, up about 25% on 2024
- About 65.6 billion, up 64%
- About 3.2 billion, up 10%
Registered transactions totalled about 18.8 billion in 2025 versus 15.1 billion in 2024 (up 25%), across 5,269 transactions. 65.6 billion is Sharjah's 2025 figure, a common mix-up.
RAK Municipality, Real estate report, Lands and Properties sector, 2024 to 2025 (2026) In RAK Municipality's 2025 data, which transaction type had the highest value?
- Sales
- Waivers
- Gifts
- Mortgages
Mortgages reached about 12.7 billion in 2025, up 159%, while registered sales fell to about 3.2 billion and waivers were about 2.9 billion. A headline total is not the same as sales volume, so always check the breakdown before quoting a figure to a client.
RAK Municipality, Real estate report, Lands and Properties sector, 2024 to 2025 (2026) Which law now governs real estate development (off-plan, escrow, developer registration) in Ras Al Khaimah?
- Law No. 10 of 2026, issued in July 2026, which repealed Law No. 12 of 2023
- Dubai Law No. 8 of 2007, applied in RAK by decree
- Law No. 12 of 2023, still unchanged
- Federal Law No. 13 of 2008
The Ruler issued Law No. 10 of 2026 on 21 July 2026, effective 60 days after issuance, replacing Law No. 12 of 2023. It scraps the separate project development committee and gives the Municipality's real estate regulator the licensing, escrow and enforcement powers.
Al Tamimi & Co, Ras Al Khaimah's new real estate development law: what developers need to know (2026-10) A RAK developer plans a roadshow to sell units at an exhibition abroad. What does it need first from the RAK regulator?
- Nothing, as permits only apply to ads inside the UAE
- A permit from Dubai Land Department's Trakheesi system
- Written permission from RAK's Real Estate Regulatory Administration, requested through the RAK eGovernment portal
- Approval from the UAE Ministry of Economy only
Developers need the regulator's written permission before advertising or promoting unit sales in local or foreign media or at exhibitions. Trakheesi is Dubai's system and does not cover RAK projects.
RAK Municipality, Real Estate Regulatory Administration (2026-10) An experienced Dubai agent from India wants to open his own real estate office in RAK, licensed through RAK Municipality's initial approval (service ZL20). Which requirement blocks him from being the licence holder?
- He must be at least 30 years old
- He must first pass the Dubai RERA exam
- He must own a property in RAK
- The licence holder must be a UAE or GCC national
For the ZL20 initial approval, the licence holder must be a UAE or GCC national, at least 21, with a UAE good conduct certificate. The Municipality's letter is then used to apply for the commercial licence with the Department of Economic Development.
RAK Municipality Sanad, ZL20 Initial approval (real estate office) (2026-10) An off-plan buyer in RAK stops paying on a 2,000,000 unit. The project is 45% complete and the regulator confirms the default. Under Law No. 10 of 2026, what is the maximum amount the developer may deduct, in dirhams?
Below 60% completion the cap is 25% of the unit price: 2,000,000 x 25% = 500,000. At 60% or more the cap is 40%, and 20% if work has not started for reasons not due to the developer. The rest must be refunded within 6 months.
Al Tamimi & Co, Ras Al Khaimah's new real estate development law: what developers need to know (2026-10) A RAK tower has a construction cost of 240,000,000. Under Law No. 10 of 2026, the developer must fund at least 20% of construction cost itself rather than relying only on buyers' payments. What is that minimum contribution, in dirhams?
240,000,000 x 20% = 48,000,000. The 2026 law states that a project cannot be financed entirely from off-plan proceeds, a useful point when a buyer asks how safe a new launch is.
Al Tamimi & Co, Ras Al Khaimah's new real estate development law: what developers need to know (2026-10) Under RAK's 2023 development law, developers could take up to 5% of expected profit from escrow once a project passed certain milestones. What does Law No. 10 of 2026 say?
- Profit withdrawals from escrow are no longer allowed, and 5% of construction cost stays retained for one year after completion
- The profit share rises to 10% after 50% completion
- Profit can be withdrawn at any stage if the developer posts a bank guarantee
- The rule is unchanged
The 2026 law removes profit withdrawals and limits escrow releases to construction and other costs the regulator approves. The trustee keeps 5% of total construction cost for one year after the completion certificate, unless a liquid bank guarantee replaces it.
Al Tamimi & Co, Ras Al Khaimah's new real estate development law: what developers need to know (2026-10) Looking at RAK Municipality's registered sales for 2025, which statement is correct?
- Al Hamra led on both value and number of sales
- Jazeerat Al Marjan led on sales value, while Al Riffa recorded the most sales
- Al Riffa led on value, while Al Marjan led on number
- Mina Al Arab led on both value and number
Jazeerat Al Marjan led by value with about 940 million (250 sales), though down 77% from 2024. Al Riffa had the most sales (412, about 606 million), and Al Hamra was third by value.
RAK Municipality, Real estate report, Lands and Properties sector, 2024 to 2025 (2026) - Dubai areas
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