Latest news with #RAKProperties'
Arabian Post
25-05-2025
- Business
- Arabian Post
RAK Properties Launches Enta Mina to Attract Young Professionals
Arabian Post Staff -Dubai RAK Properties has unveiled Enta Mina, a 119-unit premium residential development in Ras Al Khaimah, developed in collaboration with HIVE and ARM Holding. The project aims to cater to the growing demand for integrated living and working spaces among young professionals and entrepreneurs. Enta Mina is situated within Mina Al Arab, RAK Properties' flagship community. The development comprises two buildings: a 117-unit HIVE-branded coliving space and a 116-unit residential building available for purchase. The HIVE building offers a plug-and-play living experience, emphasizing flexibility, community, and convenience. ADVERTISEMENT The project includes 2,000 square meters of coworking space, marking HIVE's first public workspace in Ras Al Khaimah. This facility features dedicated desks, private offices, meeting rooms, quiet zones, event spaces, and a coffee bar. Residents have complimentary access to these amenities, while the public can choose from various membership plans. Additional amenities in the HIVE building include a flexible work lounge, listening room, chef's kitchen, outdoor areas, and a private pool with scenic views. An all-day eatery will serve residents, coworking members, and the broader Mina Al Arab community. Mohammad Al Shehhi, CEO of ARM Holding, stated, 'We are pleased to announce our partnership with RAK Properties to develop HIVE Ras Al Khaimah. This collaboration represents a significant step forward in our journey, reinforcing our commitment to creating forward-thinking residential communities that align with the dynamic lifestyles of young professionals.' Bass Ackermann, CEO of HIVE, added, 'This collaboration seamlessly merges HIVE's innovative living concept with RAK Properties' desire to create a vibrant destination for young entrepreneurs and professionals. It is a merging of expertise, dedicated to shaping distinctive, community-centric living spaces that resonate with the unique aspirations for Mina Al Arab.' RAK Properties is experiencing robust growth, with a 28% increase in revenue to AED 370 million in Q1 2025 compared to the same period in 2024. The company has over 3,000 units under construction and plans to deliver more than 800 units in 2025, marking its busiest operational year. The launch of Enta Mina aligns with RAK Properties' broader vision for Mina Al Arab, which includes a AED 5 billion development pipeline featuring residential, retail, hospitality, and waterfront infrastructure. The Mina masterplan encompasses three districts: Raha Island, Hayat Island, and Lagoons, designed to offer a dynamic hub for authentic island living, sustainability, and community.
Arabian Business
01-05-2025
- Business
- Arabian Business
RAK Properties in ‘advanced discussions' with ultra-luxury brands for new eco-resort partnerships, CEO says
RAK Properties PJSC is in 'advanced discussions' with multiple international ultra-luxury and eco-resort brands as part of its strategic pivot to transform Ras Al Khaimah into a global tourism destination, according to CEO Sameh Muhtadi. 'We're in advanced discussions with a few more international brands, particularly in the ultra-luxury and eco-resort space,' Muhtadi told Arabian Business at the Arabian Travel Market in Dubai. 'Ras Al Khaimah's positioning around nature and wellness makes it the perfect setting for these kinds of experiences.' The company's expansion of brand partnerships follows existing collaborations with Four Seasons, Minor Hotels' Anantara brand, Ellington, and Nikki Beach. Muhtadi indicated that new partnership announcements should be expected 'in the coming months,' without disclosing specific brands. RAK's AED5 billion masterplan The developer is intensifying its investment in the emirate's tourism sector with an AED5 billion masterplan for Mina, its flagship island destination. This comprehensive development will introduce a substantial number of new residential projects in 2025. 'In this year alone, we're planning to launch 12 new residential projects across Mina, as well as announce exciting partnerships covering residential, hospitality, and leisure,' Muhtadi said. Several key developments, including Bay Residences 1 and 2 are approaching completion, while projects such as Cape Hayat, Quattro Del Mar, and Bay Views continue to progress, according to the CEO. The Mina development represents a shift in RAK Properties' approach, moving beyond traditional residential developments to create 'vibrant, experience-led communities' that incorporate hospitality elements, waterfront retail, marina facilities, and resort experiences. 'We're creating not just a luxury hotel, but also a collection of private residences serviced by Four Seasons,' Muhtadi explained, describing the company's branded residence strategy. 'It's a full extension of the five-star hospitality experience into daily living.' Record delivery target for anniversary year The company has set ambitious delivery targets coinciding with its 20th anniversary this year, with plans to hand over more than 800 units in 2025 — a record for the developer. '2025 marks our 20th anniversary, and we're on track to deliver over 800 units — making it one of our most active years yet,' Muhtadi said. This acceleration aligns with RAK Properties' evolving business model, which increasingly focuses on hospitality-infused developments that target both residents and tourists. Recent launches like SKAI on Mina's Raha Island emphasise this approach by offering a 'wellness-driven, active lifestyle' according to Muhtadi. The company is also broadening its development model beyond traditional residential projects. 'We see strong potential in standalone resort communities — places where leisure, wellness, and entertainment drive the overall lifestyle,' Muhtadi said. RAK Properties' strategic shift supports the broader vision for Ras Al Khaimah, which has been working to position itself as a premium tourism destination. The emirate offers developers a unique landscape that combines beaches, mountains, and desert environments. According to Muhtadi, RAK Properties is seeing 'strong interest from buyers across multiple markets, including the GCC, Russia & CIS, western Europe and the Indian subcontinent.'
Zawya
08-04-2025
- Business
- Zawya
RAK Properties appoints Arqaam Securities as liquidity provider
RAK Properties CEO: 'We are committed to delivering long-term shareholder value and engaging with partners who support our ambitious growth targets.' RAS AL KHAIMAH, UAE: 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. About Arqaam Capital Founded in 2007, Arqaam Capital is a leading institutional financial services firm operating across the UAE, Saudi Arabia, Egypt, and Lebanon. Combining global best practices with deep regional expertise, Arqaam provides strategic financial solutions to institutions, family offices, and high-net-worth individuals. The firm is recognized for its innovation, market leadership, and award-winning financial products, driving growth across key emerging markets. For more information, visit or contact media@ About RAK Properties Founded in 2005 under the visionary leadership of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties is a leading real estate developer committed to producing exceptional and sustainable destinations. Specialising in contemporary and meticulously crafted communities, RAK Properties integrates excellence, innovation, and nature to create enriching lifestyles in alignment with the aspirations of tomorrow's people. RAK Properties plays a pivotal role in achieving RAK Vision 2030, focusing on delivering economic, social, and environmental value, all aimed at enhancing lives and places, and contributing to the prosperous narrative of Ras Al Khaimah. Awards and recognitions Awarded 'Developer of the Year' 2023 by Construction Week Middle East. Bay Views Residences won the 'Best Residential Project' at the Design Middle East Awards 2023, where the residential development was recognized as the region's best design and architecture. Quattro Del Mar was awarded the Best Mixed-Used Project at the prestigious Pillars of Real Estate Awards 2024.
Al Bawaba
08-04-2025
- Business
- Al Bawaba
Rak Properties Appoints Arqaam Securities As Liquidity Provider
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.
Mid East Info
13-03-2025
- Business
- Mid East Info
RAK Properties Reinforces Long-Term Growth Strategy at AGM - Middle East Business News and Information
Reinvestment strategy to accelerate sustainable long-term growth and enhance shareholder value. All items on the agenda were discussed and approved, including RAK Properties' financial statements for the full year ended 31 December 2024 Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, 'Our performance is a testament to the Emirate's robust economic fundamentals, forward-thinking leadership, and its increasing appeal as a world-class destination for residents, investors, and visitors alike. ' RAK Properties (ADX: RAKPROP), Ras Al Khaimah's leading publicly listed property developer, held its Annual General Meeting (AGM) today, where shareholders approved all agenda items, including the Company's financial statements for the full year ended 31 December 2024. Strategic reinvestment to drive long-term shareholder value The AGM reaffirmed RAK Properties' commitment to long-term value creation, with a strategic decision to reinvest profits into accelerating project development, enhancing asset value, and capitalising on Ras Al Khaimah's dynamic real estate landscape. Rather than issuing dividends this year, the Company is prioritising reinvestment into high-growth opportunities that will drive sustainable returns and strengthen its market position over the coming decade. This forward-looking approach, reinforced by the strategic support of the Government of Ras Al Khaimah, provides financial stability and the capacity to scale large-scale projects, including the flagship Mina masterplan, ensuring RAK Properties continues to deliver exceptional communities and long-term shareholder value. Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, said: 'RAK Properties has once again delivered an exceptional year of financial growth, reflecting not only the strength of our vision but also the continued confidence in Ras Al Khaimah as a rising hub for investment, tourism, and sustainable urban development. Our performance is a testament to the Emirate's robust economic fundamentals, forward-thinking leadership, and its increasing appeal as a world-class destination for residents, investors, and visitors alike. 'As Ras Al Khaimah continues to experience significant expansion across key sectors, RAK Properties remains committed to playing a pivotal role in shaping its future. Our long-term approach of investing in transformative, large-scale developments has driven sustained growth, and we are well-positioned to capitalise on the Emirate's evolving landscape. By reinvesting in high-potential projects, we are not only strengthening our portfolio but also contributing to Ras Al Khaimah's emergence as a leading destination for premium waterfront living, tourism, and investment.' Sameh Muhtadi, CEO of RAK Properties, commented: '2024 has been a period of strategic planning and operational implementation across our portfolio, which has established the foundations for transformative growth in 2025 and beyond. Our disciplined approach has yielded exceptional financial results, reinforcing the strong market demand for our projects. 'These record financial results allow us to reinvest in growth, accelerating new projects, enhancing asset value, and capitalising on opportunities across Ras Al Khaimah. We are committed to shaping Ras Al Khaimah's future, attracting international investors, and delivering exceptional communities.' Key financial highlights RAK Properties achieved record financial results in 2024. Revenue increased by 40% year-on-year, reaching AED 1.4 billion compared to AED 1 billion in 2023. Profitability also saw substantial growth. Profit before tax increased by 52% to AED 308 million, up from AED 202 million in 2023. Net profit grew by 39% to AED 281 million, compared to AED 202 million the previous year. The Company's balance sheet remains strong and continues to grow. Total assets increased by 24% to AED 8.01 billion as of 31 December 2024, compared to AED 6.46 billion at the end of 2023, which was supported by a land contribution from our strategic shareholder, the Government of Ras Al Khaimah. Total equity also saw significant growth, reaching AED 5.53 billion, up from AED 4.30 billion at the end of the previous year. Key AGM resolutions: During the AGM, shareholders approved the following resolutions: The Board of Directors' report on the Company's activities and financial position for the year ended December 31, 2024. The Company's external auditor report and financial statements for the year ended December 31, 2024. The Company's financial statement and statement of profit and loss for the financial year ended December 31, 2024 The non-distribution of dividends for the financial year ended December 31, 2024, with profits reinvested for future growth. The remuneration of the Members of the Board of Directors. The absolution of the Board of Directors and the external auditor from liability for the financial year ended December 31, 2024. Reappointment of the external auditor for the fiscal year 2025. A special resolution approving voluntary contributions for community service purposes of AED 1.2 million. Outlook for 2025 RAK Properties is set for significant growth in 2025, with a strategic focus on accelerating its development pipeline to complement the thriving Mina ecosystem. The year began with the successful launch of Mirasol, a resort-style residential development in Mina, that saw its first phase sell out entirely, underscoring strong market demand. The Company also introduced SKAI, a dual-tower residential project strategically located in the heart of the Harbour District. Additionally, the highly anticipated Four Seasons Resort and Residences Ras Al Khaimah at Mina- featuring 150 rooms, suites, and signature villas, along with approximately 130 private residences – marks a defining milestone in the Company's expansion while further elevating Ras Al Khaimah's status as a premier travel destination. Beyond the flagship Mina masterplan, RAK Properties is prioritising the expansion of its landbank as a critical component of its long-term strategy. The incorporation of prime locations, including the Beach District and other lands being assessed, extends the Company's development pipeline to a 10- to 15-year horizon. This strategic expansion ensures sustained growth and diversification across residential, hospitality and mixed-use developments. About RAK Properties: Founded in 2005 under the visionary leadership of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties is a leading real estate developer committed to producing exceptional and sustainable destinations. Specialising in contemporary and meticulously crafted communities, RAK Properties integrates excellence, innovation, and nature to create enriching lifestyles in alignment with the aspirations of tomorrow's people. RAK Properties plays a pivotal role in achieving RAK Vision 2030, focusing on delivering economic, social, and environmental value, all aimed at enhancing lives and places, and contributing to the prosperous narrative of Ras Al Khaimah. Awards and recognitions Awarded 'Developer of the Year' 2023 by Construction Week Middle East. Bay Views Residences won the 'Best Residential Project' at the Design Middle East Awards 2023, where the residential development was recognized as the region's best design and architecture. Quattro Del Mar was awarded the Best Mixed-Used Project at the prestigious Pillars of Real Estate Awards 2024.
