Ras Al Khaimah, United Arab Emirates
Price from
≈ $912,427AED 3,350,888Rate as of 2026-10-13
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
AED 29,302 / m²
+21% vs the city median (Ras Al Khaimah), sample of 38 projects
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Data verified Aug 31, 2026price source: developer partner networkupdated 1 mo. ago
Properties
Condominium
Area
90 - 777 m²
Bedrooms
1 - 5
Completion
Q1 2028
Readiness
Under construction
Dry season
May, Jul, Aug
Properties
Condominium
Area
90 - 777 m²
Bedrooms
1 - 5
Completion
Q1 2028
Is this expensive for the city
$7,979per m²pricier than 80% of city projects
+21% vs the city median (Ras Al Khaimah), sample of 38 projects
Rate as of 2026-10-12, city data updated 2026-10-12. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.
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What it really costs
Payment plan
Step 1
On booking
10%$91,243
Step 2
Tax
4%$36,497
Step 3
Before commissioning
40%$364,971
Step 4
On transfer
50%$456,213
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
Ask agent about rental ratesTelegram$3,512
$42,140
5.7%
4.6%
$1,221,033
57%
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When is the season here
Driest months: May, Jul, Aug
Wettest months: Jan, Mar, Dec
Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
Show monthly table
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 20.1 | 23 |
| Feb | 21.1 | 10 |
| Mar | 23.7 | 16 |
| Apr | 27.5 | 6 |
| May | 31.5 | 1 |
| Jun | 34.1 | 2 |
| Jul | 35.7 | 1 |
| Aug | 35.7 | 1 |
| Sep | 33.7 | 1 |
| Oct | 30.8 | 2 |
| Nov | 26.4 | 8 |
| Dec | 22.4 | 14 |
Source: NASA POWER, climate normal (2001-2020). Grid node 25.7, 55.8. This is a multi-year normal, not a weather forecast.
About the project
Properties
Condominium
Completion
Q1 2028
Status
Under construction
Area
90 - 777 m²
Properties
Condominium
Completion
Q1 2028
Status
Under construction
Area
90 - 777 m²
Description
Arte Developments is building La Mer by Elie Saab in Ras Al Khaimah, United Arab Emirates, with completion targeted for March 2028. The project is currently under construction. Units range from 90.48 sqm to 776.95 sqm, with bedroom counts spanning from 1 to 5, covering a span from compact layouts to larger multi-bedroom residences. Prices start at AED 3,350,888 and reach AED 41,869,888, with a price per square meter of AED 29,302. This spread in both area and price points to a wide layout mix available within the project, from one-bedroom units through five-bedroom formats. La Mer by Elie Saab sits within the Ras Al Khaimah region. Arte Developments is carrying the construction through to its planned handover in the first quarter of 2028.
This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.
Location
Ras Al Khaimah, United Arab Emirates
Market context
Residential price growth
39% YoY
Apartment price level
Dh2,000 per sqft
Rental growth
5% YoY
Average gross rental yield
5.6%
Foreign buyer share
68%
Ras Al Khaimah’s residential market is on a sharp upward trajectory, with prices and rents both posting solid year‑on‑year gains and the emirate attracting a growing share of foreign investors. The momentum is underpinned by strong economic growth, new premium projects such as the Wynn Al Marjan Resort and expanding tourism, suggesting continued capital appreciation and robust rental demand into 2026.
Sources (6) · updated 21/08/2026
- UAE: RAK property rally continues in 2025 as prices near Dh2,000 per sqft | Khaleej Times
- UAE: RAK Property Rally Continues In 2025 As Prices Near Dh2,000 Per Sqft
- Why savvy investors are flocking to Ras Al Khaimah - Construction Week Online
- ValuStrat Launches Ras Al Khaimah ValuStrat Price Index - ValuStrat
- UAE Real Estate In 2025: Ras Al Khaimah Emerges As Hotspot
- Ras Al Khaimah Real Estate Investment 2025 | Growth & ROI Guide
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