The 36-year-old played a part in 35 Scottish Premiership games this season, only not clocking up minutes on three matchdays, while also being a leader in the dressing room.
Davis played the full 90 minutes in Rangers’ 4-0 top flight win over Aberdeen at the weekend, putting in another eye-catching display in the middle of the park.
Ex-Rangers star Rae has lauded Davis for continuing to give his maximum effort for his club every time he takes to the pitch, which he feels was clear to see in how he picked up a yellow card against Aberdeen.
Rae admitted that for a player like Davis to still have that inside him to win and put everything into each challenge is a frighteningly good quality.
“Do you know what I love, Steven Davis smashed a guy in the 83rd or the 84th minute [against Aberdeen] and got a yellow card and I thought to myself ‘that is f ***ing magnificent”, Rae said on Ten10 Podcasts.
“I think they were 3-0 at that particular stage and you think to yourself that is just frightening that a guy would have that desire at that age.
“And I got to be completely honest, I was really surprised that the ref gave it because I thought it was a brilliant tackle.”
Davis was named Scottish Football Writers’ Association Player of the Year on Sunday, having made his 800th career appearance at the weekend against the Dons.
