The Ras Al Khaimah real estate market is witnessing a surge, as RAK Properties announces impressive first-half results characterized by record sales growth. In the first six months of 2025, the company demonstrated strong financial performance, buoyed by new project launches and continued advancements at its Mina development. This robust growth underscores the rising appeal of Ras Al Khaimah as a premier destination for both investment and living.
For the period ending June 30, 2025, RAK Properties reported a revenue increase of 27% to AED 774.79 million. Meanwhile, net profit soared by 80%, reaching AED 160.60 million, a sharp rise compared to AED 89.06 million in the same period of 2024. The sales value doubled, climbing 101% from AED 703 million last year to AED 1,411 million, reflecting strong demand in Ras Al Khaimah real estate.
RAK Properties Reports Strong H1 Growth
The company’s sales backlog has also seen a significant boost, growing 42% year-on-year to AED 2,624 million, ensuring future cash flow stability. Operating profit increased by 47% to AED 204.15 million, while EBITDA rose to AED 239.25 million, a 42% increase. Total assets have grown by 3.5% to AED 8,290 million, and capital and reserves have seen a 3% increase, reaching AED 5,701 million. The company’s share price has surged 26.3% year-to-date, currently standing at AED 1.44, resulting in a market capitalization of AED 4,320 million.
Chairman Abdulaziz Abdullah Al Zaabi remarked, “RAK Properties’ robust H1 results are a testament to the remarkable growth and strategic vision 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—a plan closely aligned with the visionary leadership of His Highness Sheikh Saud bin Saqr Al Qasimi.”
He further highlighted that the Mina development is pivotal to Ras Al Khaimah’s real estate and tourism growth, already hosting world-class resorts with more branded hotels and residences on the horizon.
Chief Executive Officer Sameh Muhtadi stated, “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.”
Throughout the first half, RAK Properties progressed with the Mina development, with over 800 units set to be completed by the year’s end. Active projects include Bay Residences, Granada II, Cape Hayat, Bay Views, Edge, and Quattro Del Mar.
Recent launches have further enhanced the Ras Al Khaimah real estate landscape, introducing projects like the Anantara Mina Ras Al Khaimah Residences, the innovative ENTA residential concept with HIVE, and Solera on Raha Island. These developments will add 451 units to the Downtown Mina district’s vibrant community.
Moreover, RAK Properties is forging ahead with luxury partnerships, including the Armani Beach Residences in Ras Al Khaimah, which will host the world’s first Armani-branded villas. This project will feature 41 villas and 32 apartments, designed by the renowned hospitality architecture firm Denniston, adding a unique touch to Ras Al Khaimah’s real estate offerings.