RAK Properties

RAK Properties is a developer based in Ras Al Khaimah, the most northern of UAE's seven emirates, playing a vital role in the emirate's growth. Due to the unique landscape of the region with panoramic mountains and striking beaches, the developer could attract many foreign investments. RAK Properties also invest a lot in the region's infrastructure by building schools and recreation centers.

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RAK Properties Finacial Statement

RAK Properties Public Joint Stock Company (PJSC) was founded under the patronage of Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah. The company's mission is to deliver high-quality and professionally managed projects that provide its customers with the highest level of service while maximizing their investments.

Despite difficulties that the real estate market faced in 2020, RAK Properties has reported an increased revenue to USD48.4M (AED178M), compared to $USD7M (AED136M) in Q3 2021. The firm also introduced several payment tools, including up to 10 years of payment plan; exemption of master community charges for up to seven years; waiver of property registration fees, and other benefits.

In its financial statement, RAK Properties stated that construction in Intercontinental Hotel and Resort, Mina Al Arab, and Anantara Mina Al Arab Hotel & Resort is still in progress. In comparison, many other developers in the region froze their projects.

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Conclusion:

  1. RAK Properties is a leading developer based in Ras Al Khaimah.
  2. Despite difficulties the real estate market faced in 2020, the developer improved its leading financial indicators and continued developing the current projects without delays.
  3. Established in 2005, now it is the leading developer with a portfolio comprising numerous real estate and tourism infrastructure objects and mix-use community developments.
  4. The company's most remarkable project is the Mina Al Arab district comprising two islands, Al Hayat being the most famous.

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Projects from the developer

All Projects
On request

Julphar Residence

RAK Properties
Al Reem Island
Area from
347 sq. ft
Number of Bedrooms
1-2
AED 900,000

RAK Tower

RAK Properties
Marina Square
Area from
958 to 5,005 sq. ft
Number of Bedrooms
1-3
No items found.
On request

Julphar Residence

RAK Properties
Al Reem Island
Area from
347 sq. ft
Number of Bedrooms
1-2
AED 900,000

RAK Tower

RAK Properties
Marina Square
Area from
958 to 5,005 sq. ft
Number of Bedrooms
1-3
No items found.
No items found.
No items found.
No items found.

Built in Districts

All Areas

Al Markaziya

Al Markaziya is one of the main areas in the center of Abu Dhabi, located in the downtown area of the city. Here residents and visitors can find a wide range of shopping centers, offices, educational institutions, clinics and hospitals, as well as entertainment activities.

Al Fahid Island

Al Fahid, also known as Jazeerat Fahid, is an island located in the northern part of the emirate of Abu Dhabi, between Yas Island and Jubali Island. Al Falah Road goes through the territory of Al Fahid and connects the island with other areas of the emirate.

Masdar City

Our polluted ecosystem can no longer cope with all its natural mechanisms, and this is the fault of human actions. An example of the correct use of human forces, knowledge, and deeds. An example to follow all the cities of the planet and the very first eco-friendly city in the world to operate with zero carbon emissions, exclusively on alternative power sources. And while some cities are destroying the natural exoskeleton of the planet with their usual actions for mankind, Masdar City plans to become the main protagonist in the battle for an environmentally bright future.

Khalifa city A

Khalifa City (formerly known as Khalifa City A) is a residential, master-planned community developed by Aldar Properties and located on the highway to Dubai, in 22 km from Abu Dhabi.

Mussafah

Mussafah is a mixed-use development that is located on the outskirts of the Emirati capital. In the 1970’s Mussafah was a small industrial area, but it has since been developed in the early 2000’s and has turned into a well-known economic zone with its own Mussafah Port which is used for trade. As of today, one can choose both residential and commercial properties to purchase or rent in Mussafah.

Al Khalidiyah

Al Khalidiya is a well-maintained, safe and comfortable area in Abu Dhabi. The infrastructure is well developed here, there are many medical and educational institutions, catering establishments and attractions.

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