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
AED 900,000

RAK Tower

RAK Properties
Marina Square
Area from
958 to 5,005 sq. ft
Number of Bedrooms
1-3
On request

Julphar Residence

RAK Properties
Al Reem Island
Area from
347 sq. ft
Number of Bedrooms
1-2
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 Shamkha

Al Shamkha is a popular area in Abu Dhabi which is currently under construction and development. The area plans to be completed soon, as it is part of the strategic 2030 vision for the emirate of Abu Dhabi. Strategically located away from the city, and closer to the industrial area of Mussafah, the residential community will house around 22,000 people, once completed.

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.

Yas Island

Yas is a magnificent island located in Abu Dhabi. The island's development began in 2006 with the aim of creating an integrated community for leisure, shopping and entertainment.

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.

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.

Madinat Al Riyad

Madinat Al Riyad, also known as Zayed Military City, is a multifunctional district with an area of 8,000 hectares, located on the outskirts of Abu Dhabi. The community is close to Sheikh Mohammed Bin Rashid Al Maktoum Street, where one can get easy access to Sweihan Road (E20) and Al Ain Road. Among the areas which are situated nearby are Al Shamkhah, Al Shawamekh, Al Nahdah, Zayed Military City, Bani Yas and Al Falah.

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