Latest news with #RAKProperties'
Gulf Today
5 days ago
- Business
- Gulf Today
RAK Properties reports Dhs160.6 million in net profit for H1/25
RAK Properties today announced its financial results for the first six months of 2025, highlighting a clear upwards trajectory driven by solid growth and strong sales across its rapidly evolving Mina flagship destination. In a statement today, the company said it recorded revenue of Dhs774.79 million for the H1 period, with Net Profit soaring by a remarkable 80% to Dhs160.6 million – compared to Dhs89.06 million registered for the first half last year. The newly released figures also resonated with a 101% increase in Sales Value to Dhs1,411 million – up from Dhs703 million last year. As a result, RAKP Properties' development backlog – a clear indicator of future revenue and cash flow certainty – stands at Dhs2,624 million, up 42% year on year. This was fueled by a 59% surge in the number of units sold – reaching 788 – a core indicator of both demand and consistently positive traction across RAK Properties' ecosystem of assets and projects. Overall, this clearly demonstrates RAK Properties' strong operational efficiency, expanding appeal, and market capture that continues to attract buyers and investors to one of the UAE's fastest moving real estate sectors. RAK Properties' consistent progress across its portfolio of residential and hospitality projects is revealed in a jump in Operating Profit for H1, which increased 47% to Dhs204.15 million – up from Dhs138.51 million last year. This is further underscored by a 42% increase in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) with H1 figures showing Dhs239.25 million – a reflection of the developer's operational strength. With this solid financial foundation propelling continued growth, RAK Properties' balance sheet remains robust. Recorded total assets grew by 3.5% reaching Dhs8,290.00 million, with this stable financial position, coupled with a 3% increase in Capital and Reserves to Dhs5,701million, this provides clear and positive visibility into the developer's revenue funds for future expansion plans and sustained investment. Investor confidence remains solid, reflected in RAK Properties' share price rising by 26.3% YTD to Dhs1.44 and Market Capitalisation reaching Dhs4,320 million by H1/2025 end. Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, said: 'RAK Properties' robust H1 results are a testament to the remarkable growth and strategic vision that is driving both the company, and Ras Al Khaimah as a whole. As RAK Properties celebrates its 20th year, these impressive figures underscore a consistent plan that is yielding tangible success. "Our performance highlights Ras Al Khaimah's unprecedented appeal as a real estate destination and investment hub. The emirate's diversified economy, investor-friendly regulations, and growing population reflect an increasing demand for a new kind of modern, urban-beachfront community with Mina as its vibrant heart. Already home to world-class resorts, and with more branded hotels and residences taking shape, its success mirrors the emirate's broader vision to attract top-tier hospitality and investment from around the world – investment that continues to reshape both the emirate's coastline and skyline.' Sameh Muhtadi, CEO of RAK Properties, commented: 'Our H1 results show a successful six months for RAK Properties. We continue to see our success shaped by a steady stream of assets coming online, rising sales figures, and international interest in RAK as a place to live, invest, and thrive. So far this year, RAK Properties has solidified its role as a driver of the emirate's economic growth, with strong financial results supported by disciplined and expertly managed operations across diverse projects, from newly launched residential projects to landmark hotel announcements. The timely and steady growth of Mina – from new homes to critical infrastructure – signals our status as trusted and high-performing developer with the scale, vision, and expertise to achieve even more in the months and years ahead.' WAM
Mid East Info
17-06-2025
- Business
- Mid East Info
RAK PROPERTIES UNVEILS SOLERA: THE PULSE OF MINA'S DYNAMIC NEW DOWNTOWN DISTRICT
Vibrant 451-unit community marks an exciting chapter for Ras Al Khaimah real estate Designed for contemporary urban living, exceptional amenities include the Solera Flame Pavilion for al fresco gatherings and co-working space The NOOK Sales commence on Saturday, 21st June, 2025 Ras Al Khaimah, UAE – June 2025: RAK Properties, Ras Al Khaimah's leading publicly listed property developer, today announced the launch of Solera, a vibrant new apartment community set to define the new downtown rhythm of its flagship waterfront destination, Mina. Located on Raha Island, Solera marks an exciting first chapter of the highly anticipated Downtown Mina district. Comprising 451 units across three architecturally distinct buildings anchored by a shared podium, Solera is the inaugural community within RAK Properties' ambitious new district. Upon completion, Downtown Mina will feature six integrated residential communities, offering unparalleled proximity to the wider Mina master plan's amenities. Ideally located alongside multiple dedicated retail and F&B destinations, this urban hub has ready access to an array of lushly landscaped parks, covered walkways, and dynamic community spaces. Apartments in Solera, ranging from 386 to 3,104 sqft and with prices starting from AED 768,000, are complemented by an extensive array of lifestyle amenities designed for contemporary living. Residents will enjoy a stunning 40m infinity-edge lap pool, a dedicated kids' pool and splash pad, and the unique Solera Flame Pavilion – an outdoor gathering space equipped with a BBQ kitchen for the ultimate in al fresco dining. Solera residents will also benefit from an inspirational sculptural garden, a telescope corner for unmatched daytime and nighttime vistas, a relaxing hammock garden, a skateboard park, and a state-of-the-art gym. In addition, specifically catering to the needs of today's increasingly mobile workforce, The NOOK, a dedicated social lounge and co-working space, will offer an ideal environment for entrepreneurs and professionals to connect, share ideas, and grow their businesses. Sameh Muhtadi, Chief Executive Officer of RAK Properties, commented: 'We are proud to launch Solera, the first chapter in the Downtown Mina story. With Solera, we are adding diversity to our product mix and creating new neighbourhoods that add to Mina's overall character. As we continue to pursue the luxury segment elsewhere in our portfolio, Solera and Downtown Mina bring a whole new vibe to Ras Al Khaimah. Younger, edgier, and designed to appeal to work-from-anywhere professionals and entrepreneurs, Solera will contribute to the changing narrative around the Emirate as more and more investors see its real estate market appeal. Muhtadi continued: 'As we reach the midpoint of our twentieth anniversary year, RAK Properties is making good progress with its 2025 product launch pipeline, a period in which we have launched Mirasol, SKAI, Anantara Mina Ras Al Khaimah Residences, and ENTA in partnership with Hive and A.R.M Holding. This is also a year in which we are focusing on delivery – with over 3,000 homes under construction, we are targeting the handover of more than 800 to customers this year. As attention continues to focus on the future opening of the Wynn Resort, we are well placed to deliver more homes in RAK before Q1 2027 than any other developer operating in the Emirate. This will ensure that investors see immediate gains from the introduction of this major resort.' 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-Use Project at the prestigious Pillars of Real Estate Awards 2024.
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.
