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

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Built in Districts

All Areas

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.

Al Raha Gardens

Situated opposite Al Raha Beach, with convenient access to the main Abu Dhabi highway and covering an area of over 1 million square metres, Al Raha Gardens provides residents with a quiet, safe and picturesque environment. Al Raha Gardens is the first freehold property development dedicated to UAE nationals in Abu Dhabi and the UAE.

Al Reem Island

Al Reem Island is a natural island located about 600 meters off the north-eastern coast of Abu Dhabi. It's a mixed community with both residential, retail and commercial units and business projects. Spanning 6.5 million square meters and with investment costs amounting to $30 billion, the project has become among the renowned international projects, being one of the first free zones in Abu Dhabi, and gained the highest level of international interest, since properties in the area are open for foreign nationals for buying or leasehold.

Al Raha Beach

Al Raha Beach is part of the Abu Dhabi district of the same name, and covers an area of 6 miles along the shoreline and is adjacent to the new residential neighbourhood of Khalifa City A.

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.

Gate City

Abu Dhabi Gate City is a suburban district at the Abu Dhabi's waterfront, previously called Officers City. The luxurious households are surrounded by renowned schools, landmarks, shopping centers, medical facilities and fine dinings. Due to its top-class facilities, such as private gardens and beaches, villas in the area are among the most sought-after properties in Abu Dhabi. Villas in Gate City include from two- to nine-bedroom configurations.

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