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Mid East Info
23-05-2025
- Business
- Mid East Info
RAK PROPERTIES GROWS RESIDENTIAL PORTFOLIO OFFERING WITH THE LAUNCH OF ENTA - Middle East Business News and Information
Ras Al Khaimah, UAE – 23 May 2025: RAK Properties, Ras Al Khaimah's leading publicly listed property developer, continues to expand its residential product offering with the launch of ENTA MINA – a new design led apartment concept developed in partnership with HIVE and A.R.M Holding. ENTA MINA, consisting of 119 character-rich residences, is a new, design-forward residential brand, catering to a new generation of homebuyers and occupants. ENTA MINA seeks to offer a complete lifestyle ecosystem with its resident café and restaurant, hosting lounge, library, infrared sauna, plunge pools, outdoor gathering areas, and co-working facility. Through ENTA MINA, RAK Properties, in partnership with HIVE, aims to support a modern, flexible work driven lifestyle and economy. Commenting, Sameh Muhtadi, Chief Executive Officer RAK Properties, said: 'ENTA brings an entirely new demographic to Mina, and immediately changes the conversation around co-living spaces. This is a segment typically within the rental market, but with ENTA MINA, you can buy into that lifestyle – it's exciting to be at the vanguard of a new movement. We have been working closely with the team at HIVE since we signed our partnership agreement with them to bring ENTA MINA to life which places community, and thoughtful design at the top of its product's agenda. 'ENTA MINA will bring a younger demographic to live, work and play in Ras Al Khaimah. Targeted tenants are aged 25-35 years old and they will even have the flexibility to work from the beach if they so wish. The multiplier effect of this is clear – it gives a space where ideas can turn into enterprises, which in turn helps to grow the wider economy.' Bass Ackermann, Founder of HIVE, elaborated by stating: 'ENTA was born from watching HIVE tenants grow into homeowners – people who still wanted the feeling of what we created, but in a place they could truly call their own. It addresses a market need for ready-made but authentic community. ENTA aims to speak to a new kind of homeowner – someone who values design, function, and feeling in equal measure. It's a brand grounded in creative integrity, but also built to perform, whether you're living in it or investing in it.' In May 2025 RAK Properties published its Q1 2025 financial results in which the Company recorded notable growth in revenue and profit, reflecting the strength of its operational performance and continued development momentum. In April 2025, RAK Properties commenced sales on is Anantara Mina Residences project – a community of 103 luxury apartments and villas, set along the waterfront of Hayat Island, Mina.
Zawya
23-05-2025
- Business
- Zawya
RAK Properties grows residential portfolo offering with the launch of ENTA
New product class for Mina adds variety to luxury focused destination Design led community to feature onsite restaurant, co-working spaces and foster strong sense of community Sameh Muhtadi, CEO, RAK Properties: 'ENTA brings an entirely new demographic to Mina, and immediately changes the conversation around co-living spaces – it's exciting to be at the vanguard of a new movement.' Ras Al Khaimah, UAE: RAK Properties, Ras Al Khaimah's leading publicly listed property developer, continues to expand its residential product offering with the launch of ENTA MINA – a new design led apartment concept developed in partnership with HIVE and A.R.M Holding. ENTA MINA, consisting of 119 character-rich residences, is a new, design-forward residential brand, catering to a new generation of homebuyers and occupants. ENTA MINA seeks to offer a complete lifestyle ecosystem with its resident café and restaurant, hosting lounge, library, infrared sauna, plunge pools, outdoor gathering areas, and co-working facility. Through ENTA MINA, RAK Properties, in partnership with HIVE, aims to support a modern, flexible work driven lifestyle and economy. Commenting, Sameh Muhtadi, Chief Executive Officer RAK Properties, said: 'ENTA brings an entirely new demographic to Mina, and immediately changes the conversation around co-living spaces. This is a segment typically within the rental market, but with ENTA MINA, you can buy into that lifestyle – it's exciting to be at the vanguard of a new movement. We have been working closely with the team at HIVE since we signed our partnership agreement with them to bring ENTA MINA to life which places community, and thoughtful design at the top of its product's agenda. 'ENTA MINA will bring a younger demographic to live, work and play in Ras Al Khaimah. Targeted tenants are aged 25-35 years old and they will even have the flexibility to work from the beach if they so wish. The multiplier effect of this is clear – it gives a space where ideas can turn into enterprises, which in turn helps to grow the wider economy.' Bass Ackermann, Founder of HIVE, elaborated by stating: 'ENTA was born from watching HIVE tenants grow into homeowners - people who still wanted the feeling of what we created, but in a place they could truly call their own. It addresses a market need for ready-made but authentic community. ENTA aims to speak to a new kind of homeowner - someone who values design, function, and feeling in equal measure. It's a brand grounded in creative integrity, but also built to perform, whether you're living in it or investing in it.' In May 2025 RAK Properties published its Q1 2025 financial results in which the Company recorded notable growth in revenue and profit, reflecting the strength of its operational performance and continued development momentum. In April 2025, RAK Properties commenced sales on is Anantara Mina Residences project – a community of 103 luxury apartments and villas, set along the waterfront of Hayat Island, Mina. 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.
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
09-05-2025
- Business
- Mid East Info
RAK Properties Delivers Strong Q1 2025 Results As Delivery Scale And Strategic Pipeline Define Its 20th Anniversary Year
RAK Properties (ADX: RAKPROP), Ras Al Khaimah's leading publicly listed property developer, today announced its financial results for the first quarter of 2025. The results mark a strong start to a milestone year in which the Company celebrates two decades of growth, underpinned by delivery, discipline and destination-making. The quarter was characterised by, strong sales, expansion of the development pipeline, and continued investor confidence across key launches. As Ras Al Khaimah accelerates its trajectory as a global investment hub, RAK Properties is demonstrating its role as a performance-led developer with a long-term strategic outlook. STRONG Q1 2025 FINANCIAL PERFORMANCE RAK Properties reported revenue of AED 370 million in Q1 2025, reflecting an increase of 28% 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 AED 74 million, up 64% year-on-year, while EBITDA increased to AED 107 million — underscoring improved margins and operational leverage. The Company maintained a solid financial position, with total assets reaching AED 8.15 billion and equity rising to AED 5.59 billion. As of 31 March 2025, the development backlog stood at AED 2.33 billion, offering strong visibility into future revenues. Sales volumes remained healthy, with 503 units sold in Q1 valued at AED 839 million — marking more units sold than any other quarter — and reflecting sustained demand across both end-user and investor segments. 20 YEARS OF IMPACT, A YEAR OF DELIVERY Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, said: 'RAK Properties continues to deliver at a pace that reflects the strength of its vision and the depth of its operational readiness. As we mark 20 years since our establishment, we do so, not with nostalgia, but with clarity of purpose — building communities that contribute to Ras Al Khaimah's transformation into a globally competitive destination for investment, tourism and quality living. 'This quarter reflects our growth maturity – delivering scale, attracting global partners, and supporting the Emirate's broader economic ambitions. We will continue to move forward with a disciplined strategy that prioritises value creation, delivery excellence, and long-term investor trust.' Sameh Muhtadi, CEO of RAK Properties, commented: '2025 is shaping up to be a transformational year. With more than 800 handovers planned and over 3,000 units currently under construction, we are delivering across multiple fronts while maintaining strong financial discipline. This performance reflects not only our delivery momentum but also a notable strengthening of our financial fundamentals — with improved margins and disciplined cost management positioning us for sustained growth. 'In Q1, we activated key phases of the Mina masterplan, deepened our pipeline with high-performing hospitality and residential launches, and scaled our team to meet rising operational demands. We are focused on delivery, differentiation and unlocking long-term growth. This performance is only the start of what we intend to achieve this year.' DELIVERY MILESTONES AND CONSTRUCTION UPDATES Construction continues on over 3,000 units across active developments, with more than 800 handovers scheduled in 2025. Flagship projects, such as Bay Residences, Granada II, Cape Hayat, and the now-completed Gateway 2, are progressing steadily. Projects including Bay Views, Edge, and Quattro Del Mar are also advancing through key construction phases, with major contracts awarded and site works underway. MINA: FROM VISION TO DESTINATION In Q1, RAK Properties advanced the transformation of the Mina masterplan into a fully integrated lifestyle destination. Backed by an AED 5 billion development pipeline, Mina continues to evolve as a strategic pillar of Ras Al Khaimah's tourism and investment vision, blending residential, retail, hospitality and waterfront infrastructure. A landmark agreement was signed with Four Seasons to develop a luxury resort and branded residences — marking the brand's first presence in the Emirate. Further partnerships include Nikki Beach, which will launch Nikki Beach Resort & Spa Ras Al Khaimah at Mina, and Porto Playa by Ellington, introducing a new design-focused residential offering. The strategic roll-out of branded offerings at Mina reflects the Company's focus on driving the luxury segment within its portfolio. These high-impact partnerships are designed to anchor Mina as a premium waterfront address, support long-term value creation, and elevate the Emirate's appeal to global investors. Product launches in Q1 included Mirasol, a resort-inspired waterfront community, and SKAI, a contemporary residential tower in the Harbour District, both generating strong investor interest. A key placemaking milestone was the unveiling of Mina Boulevard, a curated retail and dining promenade designed to activate the community year-round. Enhanced connectivity, including a forthcoming hydrofoil service linking Ras Al Khaimah to Dubai, and a fully integrated marina and yacht club, further positions Mina as a compelling destination for residents and visitors. ORGANISATIONAL STRENGTH AND LEADERSHIP GROWTH Additionally, the Company RAK Properties expanded its workforce by 31%, bringing in new talent across engineering, development, sales, and customer service, thereby reinforcing internal capacity and aligning the organisation for future growth. RAK Properties also introduced a fully digital Sales and Purchase Agreement (SPA) process in Q1 2025, streamlining transactions and enhancing the customer journey as part of its broader operational excellence drive. POST PERIOD & LOOKING AHEAD RAK Properties has started Q2 with the release of its luxury branded Anantara Mina Ras Al Khaimah Residences product. Comprising a collection of 19 villas and 84 apartments, located on the waterfront of Hayat Island, and offering the option for investors to place their units into the hotel rental pool, sales commenced on 28th April. The Anantara Mina Ras Al Khaimah Residences boast a full range of a la carte services and five star resort level amenities. The launch of Anantara Mina Ras Al Khaimah Residences has been closely followed by the launch of ENTA – a new residential concept, also on Hayat Island. Comprising 119 furnished apartments and featuring a concept store, co-working space, library and residents lounge, sales commenced on 5th May. With strong fundamentals, an expanding portfolio and a deepening network of strategic partnerships, RAK Properties is well-positioned to deliver long-term value for shareholders. In line with this ambition, the Company has appointed Arqaam Capital to support with ongoing strategic initiatives and capital market engagement. As Ras Al Khaimah accelerates its transformation into a globally competitive destination for investment, lifestyle, and tourism, RAK Properties remains at the forefront — activating integrated communities, shaping new economic hubs, and contributing to the Emirate's wider growth agenda.
Mid East Info
05-05-2025
- Business
- Mid East Info
RAK PROPERTIES OPENS SALES FOR ANANTARA MINA RESIDENCES – BRANDED LUXURY WATERFRONT HOMES IN RAS AL KHAIMAH'S MINA
RAK Properties, Ras Al Khaimah's leading publicly listed property developer, announces the commencement of sales for Anantara Mina Residences – a collection of 84 ultra-luxury waterfront apartments and 19 villas located on Hayat Island, Mina. Blending the privacy of homeownership with the five-star resort services, this exclusive collection of branded apartments and villas marks RAK Properties' latest entry into the luxury branded property space. The 84 waterfront apartments and 19 villas at Anantara Mina Residences command unparalleled views over the water, shoreline, and also the upcoming Wynn Al Marjan Island resort. The waterfront villas, available in 3, 4 and 5 bedrooms, are arranged over three floors to maximise views and each one comes with its own private jetty. The apartments include suites, one and two-bedroom homes as well as exclusive three-bedroom sky villas. Rising over 12 stories, the apartments offers direct beach access and unobstructed views of the Arabian Gulf and Hajar Mountains. Designed to balance privacy with resort-inspired living, each residence is complemented by access to premium amenities including a panoramic swimming pool, cinema room, conference space, fully equipped gym, yoga studio, children's play area, and an on-site restaurant. Residents will also benefit from a selection of à la carte services, such as in-home dining by Anantara's award winning chefs, concierge, valet and buggy services—delivered with the signature hospitality of Anantara. Sameh Muhtadi, CEO of RAK Properties, said: 'At the start of this year – our 20th anniversary, we unveiled the approved Mina masterplan, and announced an ambitious launch programme. A key part of that ambition is partnering with globally renowned brands such as Anantara who can help bring our vision to life – making Mina one of the region's most desired destinations for luxury living and investment. 'The Anantara Mina Residences offers homeowners seamless access to exceptional hospitality, exclusive amenities, and a refined waterfront lifestyle, with the added flexibility of generating income through Anantara's hotel programme. As Ras Al Khaimah continues to attract high-net-worth investors and strengthen its tourism sector, developments like these play a key role in driving economic growth and reinforcing the Emirate's appeal on the global stage.' Commenting, Amir Golbarg, Senior Vice President, Minor Hotels, Middle East & Africa owning company of Anantara Hotels, added: 'Anantara Mina Residences represent a natural extension of the commitment of Anantara Hotels & Resorts to delivering immersive lifestyle experiences in exceptional destinations. This development brings together the sophistication of the brand's design ethos with the comfort of residential living, allowing owners to enjoy a unique blend of home and hospitality in one of the UAE's most picturesque coastal enclaves,' Anantara Mina Residences, comprising both apartments and villas, is part of the broader Mina masterplan, reinforcing Ras Al Khaimah's position as a premier destination for luxury waterfront real estate and island living. The launch follows the success of Anantara Mina Resort & Spa in 2024, which has rapidly established itself as a top-tier hospitality destination, and is part of an expanded partnership with Minor Hotels. Anantara Mina Residences offers buyers the flexibility to use their apartment or villas as a private residence, generate income through a traditional lease, or place it within Anantara's managed rental pool. Interior details will feature elevated finishes and a contemporary aesthetic, thoughtfully curated to reflect the serene coastal surroundings and the Anantara brand's refined design language. With a unique proposition of five-star branded hospitality and waterfront access, Anantara Mina Residences presents an unmatched opportunity in Ras Al Khaimah's luxury real estate market. The UAE is among the top destinations in the world for branded residential products, with beachfront access driving the highest premiums. Ras Al Khaimah currently has over 7,500 hotel rooms in the development pipeline, as more and more tourists are drawn to its diversity of landscape, range of luxury hospitality, and its connectivity.
