The luxurious landscape of Ras Al Khaimah is thriving, as RAK Properties unveils a stellar financial performance for the first half of 2025, a testament to its innovative endeavors, burgeoning sales, and the majestic evolution of its Mina development.
For the period ending 30 June 2025, the company proudly reports a remarkable revenue increase of 27 percent, soaring to AED 774.79 million. Meanwhile, net profit has catapulted by an astounding 80 percent, reaching AED 160.60 million, up from AED 89.06 million for the corresponding period of 2024. Sales value has elegantly doubled, climbing 101 percent to AED 1,411 million from AED 703 million last year.
Elevated H1 Growth from RAK Properties
The company’s sales backlog has expanded impressively by 42 percent year-on-year to AED 2,624 million, assuring visibility on forthcoming cash flow. Operating profit has surged by 47 percent, now at AED 204.15 million, while EBITDA gracefully ascended by 42 percent to AED 239.25 million. Total assets witnessed a steady growth of 3.5 percent reaching AED 8,290 million, with capital and reserves enhancing by 3 percent to AED 5,701 million. Furthermore, RAK Properties’ share price has ascended by an impressive 26.3 percent year-to-date to AED 1.44, resulting in a market capitalization of AED 4,320 million.
Chairman Abdulaziz Abdullah Al Zaabi articulated the company’s exemplary trajectory: “RAK Properties’ robust H1 results are a living testament to the extraordinary growth and foresight invigorating both our company and the captivating allure of Ras Al Khaimah. As we celebrate our 20th anniversary, these striking figures illuminate a meticulously crafted plan that radiates success, harmoniously aligned with the visionary guidance of His Highness Sheikh Saud bin Saqr Al Qasimi.”
He elaborated that the Mina development remains the vibrant heart of RAK’s real estate and tourism growth, already showcasing iconic resorts, complemented by an array of branded hotels and residences flourishing under continued development.
Chief Executive Officer Sameh Muhtadi highlighted, “Our H1 results are a robust reflection of a successful six-month period for RAK Properties. Our journey continues to be sculpted by a steady stream of exquisite assets coming to fruition, ascending sales figures, and international interest in RAK as a coveted destination to live, invest, and flourish.”
Throughout the first half, the company has diligently advanced the delivery at the Mina development, with over 800 luxurious units anticipated for completion before the year’s end. Key projects in progress include the distinguished Bay Residences, Granada II, Cape Hayat, Bay Views, Edge, and Quattro Del Mar.
Recent enchanting launches feature the exquisite Anantara Mina Ras Al Khaimah Residences and the innovative ENTA residential concept with HIVE, alongside Solera on Raha Island, introducing 451 stunning units as part of the vibrant Downtown Mina district.
RAK Properties is also advancing luxury alliances, notably with the anticipated Armani Beach Residences Ras Al Khaimah, set to feature the world’s inaugural Armani-branded villas. This exquisite development will encompass 41 luxurious villas and 32 elegant apartments, masterfully designed by the renowned hospitality architecture firm Denniston.
Meta Description: RAK Properties boasts impressive H1 growth, reporting AED 774.79 million in revenue and AED 160.60 million net profit, enhancing Ras Al Khaimah’s luxurious real estate scene.
New Title: Radiant Horizons: RAK Properties Achieves Stellar Growth in Ras Al Khaimah’s Luxurious Real Estate Market