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
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Built in Districts

All Areas

Al Bateen

Al Bateen is a residential area located in Abu Dhabi, in the coastal area between Nareel Island and Al Karamah Island. The area has access to Sheikh Rashid Al Maktoum Road, which is one of the key highways of the emirate.

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.

Palm Jebel Ali

Exuding the utmost exclusivity and privacy, Palm Jebel Ali in Jebel Ali Free Zone is set to become Dubai's largest island. It is being developed by the award-winning Nakheel Properties, who created the iconic Palm Jumeirah, ever popular among the city's wealthy. In December 2024, the developer announced the construction of 5-7 bedrooms luxury villas at The Frond D on the right side of Palm Jebel Ali. The starting cost of these residences is AED 18.1M (USD 4.9M).

Abu Dhabi City

Buying off plan property is considered as one of best investments in UAE. This is because buyers can purchase properties with flexible payment plans and huge price difference compared to ready projects. Consequently, a lot of buyers are now buying off plan property for sale in Abu Dhabi

Saadiyat Island

Just seven minutes from downtown Abu Dhabi and 20 minutes from Abu Dhabi International Airport, the 27 square kilometre Saadiyat Island is undergoing a remarkable transformation into a world class leisure, residential, business and cultural hub of global proportions, housing the world's largest single concentration of premier cultural assets.

Corniche Road

Corniche Road is a coastal area located in the northwestern part of Abu Dhabi, which stretches along 5.5mi of coastline. It is the home of the famous Corniche Embankment, which is one of the most popular tourist areas in the emirate. It offers a wide range of entertainment options and outdoor activities for visitors and residents. The Corniche Road area is close to the city centre and other popular districts, such as Yas Island, Saadiyat Island, and Al Khalidiya, which offer plenty of leisure facilities and cultural centres.

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