Latest news with #Mirasol
Yahoo
13 hours ago
- Business
- Yahoo
MIRASOL GENERAL MANAGER MATT LAMBERT NAMED 2025 FACILITY MANAGER OF THE YEAR
The award highlights Lambert's transformational impact on Mirasol's racquet sports programs, facilities, and team PALM BEACH GARDENS, Fla., June 5, 2025 /PRNewswire/ -- The Country Club at Mirasol is proud to announce that General Manager/COO Matt Lambert has been named the 2025 Facility Manager of the Year by the Racquet Sports Professional Association (RSPA), Florida Division. This prestigious award recognizes facility leaders who demonstrate exceptional commitment to the advancement of racquet sports within their facilities and the professionals who support them. Under Matt's direction, the Club's popular racquet sports program has flourished, with utilization of the racquet facilities increasing by 21% and 33% over the past two years. In 2025, instruction revenue is projected to exceed $900,000, and merchandise sales are expected to reach $650,000—testaments to the vibrancy and growth of the program. Additionally, his dedication to staff development and mentorship is second to none. He established a leadership program at Mirasol to help mid-level managers build core skills in budgeting, leadership, and career development, creating a culture of mentorship that extends beyond club boundaries. "I'm deeply honored to receive this recognition from the RSPA," said Lambert. "I'm especially grateful to Mirasol's Director of Sports, Jeremy Barker, and Director of Racquet Sports, Kristine Mendivil, whose vision and dedication have been instrumental in creating an outstanding racquet program for our active and engaged membership." In addition to overseeing a dedicated team and a thriving racquet program that includes 15 Har-Tru tennis courts and six newly added pickleball courts, Matt, with the support of the membership and Board of Directors, is leading the charge on a groundbreaking new facility: an 18,000-square-foot indoor pickleball complex featuring seven weather-proof regulation courts. This ambitious project is a key component of the Club's long-term vision to expand Mirasol's recreational offerings and ensure year-round access to high-quality play. Matt's accomplishments extend well beyond racquet sports. He oversaw the Club's $40 million expansion in 2016, which included the development of The Esplanade wellness facility, including fitness, spa, dining, and aquatics, and the flagship fine dining restaurant Solstice, among other award-winning amenities. His contributions to the hospitality industry have also been widely recognized. He was named Club Executive of the Year by the Club Managers Association of America in 2024, received the James H. Brewer Award for Excellence in Club Management, and was honored with the Stephen Elmont Alumni of the Year Award in 2020 from The Department of Hospitality and Tourism Management at the Isenberg School of Management University of Massachusetts Amherst. For more information about Mirasol and its racquet sports program, please visit About Mirasol: Mirasol is a gated community of 1,170 homes located north of PGA Boulevard in Palm Beach Gardens. The Country Club at Mirasol is a member-owned, private country club community whose purpose is to create uniquely satisfying golf, racquet sports, recreational, and social experiences for residents, their families, and guests in a welcoming atmosphere with outstanding personalized service and fiscally responsible management. Mirasol has been named one of America's Greatest Private Clubs, has been awarded Platinum Club of America and Distinguished Club status, is a designated Audubon Cooperative Sanctuary, and hosted the PGA's Honda Classic from 2003-2006. For more information, visit View original content to download multimedia: SOURCE The Country Club at Mirasol Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Ras Al Khaimah's property outlook remains bullish, fuelled by healthy demand
The outlook for Ras Al Khaimah's property market is very promising, fuelled by the Emirate's growing reputation as both an investment hub and a tourism destination. With continued government support, infrastructure upgrades, and a clear lifestyle proposition, the market is seeing healthy demand across residential, hospitality, and mixed-use segments. RAK Properties, the emirate's leading publicly listed property developer is playing a key role in shaping this momentum. The company currently has over Dh5 billion worth of developments in the pipeline, more than 3,000 units under construction, and over 800 handovers planned in 2025, its busiest year yet. RAK Properties had a strong start to 2025, with performance in Q1 reflecting a mix of solid delivery, smart project rollout, and healthy investor demand. Revenue rose by 28 per cent year-on-year to Dh370 million, while profit before tax increased by 64 per cent to Dh74 million, which is a clear indication of the momentum building across the business. 'This growth is being driven by strong uptake across new launches, particularly branded and waterfront developments like Mirasol and SKAI, as well as steady construction progress across our active pipeline. In fact, the company sold 503 units during the quarter, which is the highest quarterly figure to date, with sales valued at Dh839 million,' Sameh Muhtadi, CEO of RAK Properties, told Khaleej Times in an interview. There's also a healthy forward pipeline, with a development backlog of Dh2.33 billion, giving strong visibility into future revenue. 'On the operational side, we've been scaling up too by expanding our team by 31 per cent and rolling out a fully digital SPA process to simplify and enhance the customer journey. All of this supports a bigger picture: we're entering one of the most transformational phases in the company's 20-year history, and Q1 has set the tone for what's to come,' Muhtadi said. Flagship projects like Mina are helping redefine the waterfront experience in Ras Al Khaimah, blending luxury living with retail, hospitality, and leisure in one integrated destination. Branded residences and resort-style offerings are attracting a new wave of residents and investors looking for value, lifestyle, and long-term potential. 'We're also seeing more international names entering the market, brands like Four Seasons, Anantara, and Nikki Beach are anchoring some of the most exciting new developments. That kind of global interest signals real momentum in the luxury and branded property space,' Muhtadi said. RAK Properties reported revenue of Dh370 million in Q1 2025, reflecting an increase of 28 per cent compared to the same period in 2024. The growth was primarily driven by continued on-site development progress across multiple residential projects and strong uptake across new launches. Profit before tax rose to Dh74 million, up 64 per cent year-on-year, while Ebitda increased to Dh107 million — underscoring improved margins and operational leverage. The company maintained a solid financial position, with total assets reaching Dh8.15 billion and equity rising to Dh5.59 billion. As of 31 March 2025, the development backlog stood at Dh2.33 billion, offering strong visibility into future revenues. With new infrastructure like the upcoming hydrofoil service to Dubai and a fully equipped marina and yacht club, RAK is becoming more connected and more attractive than ever. 'All of this positions the Emirate as one of the UAE's most dynamic and fast-evolving real estate markets,' Muhtadi said. RAK Properties is actively working to merge real estate with hospitality to deliver community experiences. 'This approach is evident in Mina, our flagship waterfront destination, where hospitality brands and residential developments coexist in a vibrant, experience-led setting,' Muhtadi said. A standout example is the upcoming Anantara Mina Residences, where homeowners not only enjoy luxury beachfront living but also have the option to participate in a hotel-managed rental programme that blends long-term investment with access to five-star hospitality. 'We're also introducing other leading global names like Nikki Beach Resort & Spa, whose presence elevates the overall destination offering and strengthens Mina's position as a lifestyle hub. Beyond branded offerings, we're embedding hospitality-inspired living across our wider residential portfolio. Most of our upcoming projects are being designed with a focus on resort-style amenities, wellness spaces, concierge services, and curated communal areas which give residents a day-to-day experience that mirrors the feel of a high-end retreat,' Muhtadi said.
Mid East Info
09-04-2025
- Business
- Mid East Info
RAK PROPERTIES APPOINTS ARQAAM SECURITIES AS LIQUIDITY PROVIDER - Middle East Business News and Information
RAS AL KHAIMAH, UAE – 08 APRIL 2025: RAK Properties PJSC (ADX: RAKPROP), Ras Al Khaimah's leading publicly listed property developer, today announced the appointment of Arqaam Securities LLC as the Liquidity Provider for its shares on the Abu Dhabi Securities Exchange (ADX). Arqaam Securities, a regional financial institution regulated by the UAE Securities and Commodities Authority (SCA), will actively manage liquidity for RAK Properties' shares by maintaining two-way quotes within a structured mandate, in addition to initiating research coverage on the Company. The agreement is designed to optimize price discovery and narrow bid-ask spreads, ensuring efficient trading. Arqaam Securities' ownership in RAK Properties will not exceed 5% of total listed shares, in full compliance with ADX and SCA regulations. The appointment, approved by RAK Properties' Board of Directors, is a strategic step to enhance market depth and accessibility for institutional and retail investors. With foreign ownership permitted up to 49%, RAK Properties remains committed to fostering an active and liquid trading environment. Sameh Muhtadi, Chief Executive Officer, RAK Properties, commented: 'Ensuring robust market liquidity is central to our commitment to delivering long-term shareholder value. Partnering with Arqaam Securities, a recognized leader in liquidity provision, aligns with our efforts to enhance trading efficiency and market accessibility for investors. As increasing numbers of institutional and retail investors look not only to the Emirate of Ras Al Khaimah, but also its major listed entities, it is crucial that we engage with partners who can support our ambitious growth targets. ' Veselin Tilev, Head of Market Making at Arqaam Securities, stated: 'We appreciate the trust placed in us by RAK Properties and look forward to leveraging our expertise to enhance liquidity and optimize market dynamics on ADX. Our dedicated market-making services are designed to support active and efficient trading, reinforcing investor engagement with RAK Properties' shares.' RAK Properties has set out a clear plan for ambitious growth in 2025. In January it unveiled its masterplan for Mina, the Company's flagship destination, for which it has a AED 5 billion GDV pipeline to be launched this year. The first two projects within this launch plan, Mirasol and SKAI have been launched to great success in Q1. Alongside this, RAK Properties announced its partnership with Four Seasons to bring a beachfront luxury resort and branded residences to Mina.
Zawya
09-04-2025
- Business
- Zawya
RAK Properties picks Arqaam as liquidity provider at ADX
RAK Properties, a leading publicly listed property developer in Ras Al Khaimah, has announced the appointment of Arqaam Securities as the liquidity provider for its shares on the Abu Dhabi Securities Exchange (ADX). Arqaam Securities is a regional financial institution regulated by the UAE Securities and Commodities Authority (SCA) which will actively manage liquidity for RAK Properties' shares by maintaining two-way quotes within a structured mandate, in addition to initiating research coverage on the company. The agreement is designed to optimize price discovery and narrow bid-ask spreads, ensuring efficient trading. Arqaam Securities' ownership in RAK Properties will not exceed 5% of total listed shares, in full compliance with ADX and SCA regulations, it stated. The appointment, approved by RAK Properties' Board of Directors, is a strategic step to enhance market depth and accessibility for institutional and retail investors, said the Emirati developer in a statement. With foreign ownership permitted up to 49%, RAK Properties remains committed to fostering an active and liquid trading environment, it stated. CEO Sameh Muhtadi said: "Ensuring robust market liquidity is central to our commitment to delivering long-term shareholder value. Partnering with Arqaam Securities, a recognized leader in liquidity provision, aligns with our efforts to enhance trading efficiency and market accessibility for investors." "As increasing numbers of institutional and retail investors look not only to the Emirate of Ras Al Khaimah, but also its major listed entities, it is crucial that we engage with partners who can support our ambitious growth targets," he stated. Veselin Tilev, Head of Market Making at Arqaam Securities, said: "We appreciate the trust placed in us by RAK Properties and look forward to leveraging our expertise to enhance liquidity and optimize market dynamics on ADX. Our dedicated market-making services are designed to support active and efficient trading, reinforcing investor engagement with RAK Properties' shares." RAK Properties said it has set out a clear plan for ambitious growth in 2025. In January it unveiled its masterplan for Mina, the company's flagship destination, for which it has a AED5 billion GDV pipeline to be launched this year. The first two projects within this launch plan, Mirasol and SKAI have been launched to great success in Q1. Alongside this, RAK Properties announced its partnership with Four Seasons to bring a beachfront luxury resort and branded residences to Mina, it added.- TradeArabia News Service
Trade Arabia
08-04-2025
- Business
- Trade Arabia
RAK Properties picks Arqaam as liquidity provider at ADX
RAK Properties, a leading publicly listed property developer in Ras Al Khaimah, has announced the appointment of Arqaam Securities as the liquidity provider for its shares on the Abu Dhabi Securities Exchange (ADX). Arqaam Securities is a regional financial institution regulated by the UAE Securities and Commodities Authority (SCA) which will actively manage liquidity for RAK Properties' shares by maintaining two-way quotes within a structured mandate, in addition to initiating research coverage on the company. The agreement is designed to optimize price discovery and narrow bid-ask spreads, ensuring efficient trading. Arqaam Securities' ownership in RAK Properties will not exceed 5% of total listed shares, in full compliance with ADX and SCA regulations, it stated. The appointment, approved by RAK Properties' Board of Directors, is a strategic step to enhance market depth and accessibility for institutional and retail investors, said the Emirati developer in a statement. With foreign ownership permitted up to 49%, RAK Properties remains committed to fostering an active and liquid trading environment, it stated. CEO Sameh Muhtadi said: "Ensuring robust market liquidity is central to our commitment to delivering long-term shareholder value. Partnering with Arqaam Securities, a recognized leader in liquidity provision, aligns with our efforts to enhance trading efficiency and market accessibility for investors." "As increasing numbers of institutional and retail investors look not only to the Emirate of Ras Al Khaimah, but also its major listed entities, it is crucial that we engage with partners who can support our ambitious growth targets," he stated. Veselin Tilev, Head of Market Making at Arqaam Securities, said: "We appreciate the trust placed in us by RAK Properties and look forward to leveraging our expertise to enhance liquidity and optimize market dynamics on ADX. Our dedicated market-making services are designed to support active and efficient trading, reinforcing investor engagement with RAK Properties' shares." RAK Properties said it has set out a clear plan for ambitious growth in 2025. In January it unveiled its masterplan for Mina, the company's flagship destination, for which it has a AED5 billion GDV pipeline to be launched this year. The first two projects within this launch plan, Mirasol and SKAI have been launched to great success in Q1.
