RAK Properties PJSC (RAKPROP)

Abu Dhabi – Mubasher: Rak Properties generated AED 201.81 million in net profit during 2023, compared to AED 30.78 million in 2022, according to the consolidated financial results. Revenues hiked to AED 1 billion last year from AED 408.21 million …

Abu Dhabi – Mubasher: The net profits of Rak Properties reached AED 105.16 million in the first nine months (9M) of 2023, marking a 282% hike from AED 27.54 million in 9M-22. Revenues stood at AED 685.56 million during January-September 2023, an …

Abu Dhabi – Mubasher: Rak Properties has launched Cape Hayat, a 668 residential development project on Hayat Island in Mina Al Arab, according to a press release. The new scheme will be built in accordance with the Barjeel Green Initiatives to …

Abu Dhabi – Mubasher: The net profits of Rak Properties reached AED 88.18 million during the first half (H1) of 2023, an annual increase from AED 25.55 million. The revenues enlarged to AED 511.63 million in H1-23 from AED 193.99 million in H1-22, …

Abu Dhabi – Mubasher: Rak Properties logged net profits amounting to AED 44.59 million during the first quarter (Q1) of 2023, higher by 46% year-on-year (YoY) than AED 30.47 million. The company posted revenue valued at AED 258.58 million as of 31 …

Abu Dhabi – Mubasher: Rak Properties witnessed a plunge in net profit to AED 30.78 million in 2022, versus AED 201.47 million in 2021. Revenues stood at AED 408.21 million last year, lower than AED 515.62 million in January-December 2021, …

Abu Dhabi – Mubasher: Rak Properties has named Sameh Al Muhtadi as its new CEO after he joined the company on 22 August 2022, according to a bourse filing. Al Muhtadi holds a Bachelor ’s degree in Civil Engineering from Enfield College in the UK , …

Abu Dhabi – Mubasher: Rak Properties has logged net profits worth AED 25.55 million during the first half (H1) of 2022, a decrease from AED 119.80 million in H1-21. The revenue plunged to AED 193.99 million in the first six months (6M) of 2022 …

Abu Dhabi – Mubasher: RAK Properties’ profits jumped to AED 201.47 million in 2021 from AED 113.52 million a year earlier, the consolidated financial statement showed on Monday. The company’s revenues surged to AED 515.62 million last year, up …

Abu Dhabi – Mubasher: RAK Properties achieved net profits of AED 197.9 million in the first nine months of 2021, a leap of 382.68% year-on-year (YoY) from AED 40.97 million, the unaudited consolidated financial results showed on Sunday. The …

Abu Dhabi – Mubasher: The net profits of RAK Properties increased by 348% to AED 119.809 million during the first half (H1) of 2021 from AED 26.729 million in the year-ago period, as shown by the company's unaudited interim consolidated financials …

Abu Dhabi – Mubasher: RAK Properties achieved net profits of AED 64.13 million in the first quarter (Q1) of 2021, up by 433% year-on-year (YoY) from AED 12.04 million, the unaudited financial results showed. The real estate developer’s revenues …

Abu Dhabi – Mubasher: RAK Properties has appointed Abdelaziz Abdulla Al Zaabi as the company's Chairman. The company also elected Mohamed Ahmed Ruqait as Vice Chairman, according to the company's disclosure to the Abu Dhabi Securities Exchange …

Abu Dhabi – Mubasher: The net profits of RAK Properties jumped by 22% to AED 113.522 million in 2020 from AED 93.137 million in 2019, according to the company's financial results for 2020. The company has generated revenues of AED 243.499 million …

Abu Dhabi – Mubasher: The net profits of RAK Properties increased to AED 40.97 million during the first nine months of 2020 from AED 34.22 million in the year-ago period. The company has generated revenues of AED 177.54 million in the …

Abu Dhabi – Mubasher: The consolidated interim financial results of RAK Properties registered net profits of AED 26.73 million in the first half (H1) of 2020, compared with AED 16.23 million in the same period of 2019. The company's revenues …

Abu Dhabi – Mubasher: The net profits of RAK Properties jumped by 243% to AED 12.04 million during the first three months of 2020, compared to AED 3.51 million in the same period of 2019. The company's revenues declined by 22.9% to …

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of RAK Properties has amended the cash dividends distribution for 2019, the company disclosed to Abu Dhabi Securities Exchange (ADX) on Sunday. Instead of distributing 3% cash dividends as …

Abu Dhabi – Mubasher: RAK Properties has reported a 33% year-on-year profit decline during the fiscal year 2019. The company’s net profit went down to AED 101 million last year, compared to AED 151 million in 2018, according to a bourse statement …

Abu Dhabi – Mubasher: RAK Properties reported a profit of AED 17.08 million during the third quarter of 2019, versus losses worth AED 22.828 million in the same quarter last year. Meanwhile, during the first nine months of 2019, the company …

Abu Dhabi – Mubasher: RAK Properties, listed on the Abu Dhabi Securities Exchange (ADX), has posted a profit of AED 15.83 million for the first half of 2019, versus AED 28.95 million in H1-18. Revenue stood at AED 78.46 million during the …

Abu Dhabi – Mubasher: RAK Properties posted an 84% year-on-year drop in its profits for the first quarter of 2019. Net profits stood at AED 4 million in Q1-19, against AED 24.6 million in Q1-18, the real estate developer said in a statement to the …

Abu Dhabi – Mubasher: Ras Al Khaimah Properties (RAK Properties) has awarded an AED 500 million contract for the construction, infrastructure and landscape work of Marbella Villas Project to Al Ali Construction & Development. Located in the …

Abu Dhabi – Mubasher: RAK Properties on Sunday posted a 22% year-on-year drop in its profits for the full-year 2018. Net profits amounted AED 150.52 million ($40.99 million) in 2018, compared to AED 191.81 million ($52.23 million) in 2017, the …

About 50% of the 144 residential apartments are sold