FINANCIAL NEWS

Real estate sector in Ras Al Khaimah jumps by 45pct

05 Apr 2017

(MENAFN) The real estate market in Ras Al Khaimah has increased by almost 45 percent from USD925mn in 2011 to USD1.34bn in 2015.

Moreover, the real estate industry posted 15 percent increase per annum, whereas the construction and leasing sectors grew by 18.3 percent and 14.5 percent, respectively.

Accordingly, the number of real estate firms in the emirate increased from 9.844 in 2014 to 11.294 in 2015, an increase of 14.7 percent.

Additionally, real estate firms made more than 33.4 percent of the total number of new firms established in Ras Al Khaimah in 2015.

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MENAFN0504201700450000ID1095370829

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