RAK Properties PJSC (RAKPROP)

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News

23 October 06:53 PM RAK Properties’ profits leap 79% in 9M-25; sold units hit 1,412

Abu Dhabi - Mubasher: RAK Properties logged net profits after tax worth AED 216.81 million in the first nine months (9M) of 2025, higher by 79% than AED 121.41 million in 9M-24. Revenues surged by 31% year-on-year (YoY) to AED 1.16 billion in …

Financial Results

28 September 11:40 AM RAK Properties establishes Mirasol phase II

Abu Dhabi - Mubasher: RAK Properties has launched the second phase of Mirasol, an expansive resort-style apartment community on Mina, according to a press release. The development scheme comprises 280 units across visually distinct and …

Companies Investments

2 September 10:40 AM RAK Properties enables crypto payment to attract global buyers

Abu Dhabi - Mubasher: RAK Properties has partnered with fintech Hubpay to allow international clients to purchase property using digital assets, including USDT, BTC, and ETH. Payments are instantly converted to AED and settled directly into the …

Global Economy

14 August 04:50 PM RAK Properties logs 80% surge in H1-25 net profits

Abu Dhabi - Mubasher: RAK Properties registered AED 160.59 million in net profits after tax in the first half (H1) of 2025, an annual hike of 80% from AED 89.05 million. Basic and diluted earnings per share (EPS) hit AED 0.05 as of 30 June 2025, …

Financial Results

12 May 07:56 PM RAK Properties sees higher profits at AED 68m in Q1-25

Abu Dhabi – Mubasher: RAK Properties registered net profits amounting to AED 67.90 million in the first quarter (Q1) of 2025, higher than AED 41.45 million in Q1-24. Revenue hiked by 28% year-on-year (YoY) to AED 370.27 million as of 31 March 2025 …

Real estate

6 February 07:22 AM RAK Properties logs nearly AED 281m profits in 2024; revenues jump 40%

Abu Dhabi – Mubasher: RAK Properties generated AED 280.91 million in net profit after tax during the January-December 2024 period, an annual surge from AED 201.81 million. Total assets increased by 24% year-on-year (YoY) to AED 8.01 billion as of …

Financial Results

26 January 05:35 PM RAK Properties rolls out flagship Mina with AED 5bn pipeline

Abu Dhabi – Mubasher: RAK Properties announced its masterplan Mina, the focus of a AED 5 billion gross development value (GDV) pipeline for 2025, according to a press release. Mina is set across a land area of 4 million square metres, including …

Companies Investments

10 November 2024 01:53 PM RAK Properties registers AED 891m revenues in 9M-24

Abu Dhabi – Mubasher: RAK Properties recorded remarkable growth across metrics during the first nine months (9M) of 2024, including a 30% year-on-year (YoY) hike in revenue to AED 891.32 million. The generated revenues were compared with AED …

Real estate

14 October 2024 02:10 PM RAK Properties obtains AED 2bn facility from CBD

Abu Dhabi – Mubasher: RAK Properties teamed up with Commercial Bank of Dubai (CBD) to arrange an AED 2 billion financing facility, according to a press release. The syndicated long-term financing facility will support the company’s growth …

Real estate

8 August 2024 00:43 PM RAK Properties generates 19% higher revenues in H1-24; profits hit AED 89m

Abu Dhabi – Mubasher: RAK Properties logged net profits valued at AED 89.05 million in the first half (H1) of 2024, marking an annual rise from AED 88.18 million. Revenues amounted to AED 610.37 million in H1-24, higher by 19% year-on-year (YoY) …

Financial Results

10 July 2024 05:58 PM Ras Al Khaimah raises equity ownership in RAK Properties to 34%

Abu Dhabi – Mubasher: The Emirates of Ras Al Khaimah has increased its stake in RAK Properties to reach 34.16% following the Securities and Commodities Authority’s (SCA) approval. This equity raise comes upon the March annual general meeting (AGM) …

Companies Investments

20 June 2024 05:37 PM RAK Properties obtains SCA’s nod for issued capital increase

Abu Dhabi – Mubasher: RAK Properties Company has received the approval of the Securities and Commodities Authority (SCA) to raise its issued capital to AED 3 billion from AED 2 billion, according to a bourse filing on 20 June 2024. The amended …

Management Decisions

9 May 2024 03:48 PM Rak Properties unveils AED 41.5m net profits in Q1-24

Abu Dhabi – Mubasher: Rak Properties posted lower net profits after tax at AED 41.45 million in the first quarter (Q1) of 2024, compared to AED 44.60 million in Q1-23. Meanwhile, the revenues increased to AED 289.81 million in Q1-24 from AED …

Financial Results

13 February 2024 01:58 PM Rak Properties logs higher profits in 2023; dividends, capital hike proposed

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 …

Financial Results

5 November 2023 10:39 AM Rak Properties’ profits up 282% in 9M-23 interim results

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 …

Financial Results

19 September 2023 00:07 PM RAK Properties launches new development project

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 …

Companies Investments

8 August 2023 11:02 AM RAK Properties logs AED 88m net profits in H1-23

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, …

Financial Results

16 May 2023 11:50 AM Rak Properties achieves higher profits in Q1-23; revenues skyrocket 141%

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 …

Financial Results

13 February 2023 04:30 PM Rak Properties logs nearly AED 31m profits in 2022

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, …

Financial Results

25 August 2022 09:12 PM Rak Properties announces Al Muhtadi as new CEO

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 , …

Management Decisions

1 August 2022 11:07 AM Rak Properties sees lower profits at AED 25.5m in H1-22

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 …

Financial Results

15 February 2022 01:28 AM Rak Properties’ profits hit AED 201.5m in 2021

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 …

Financial Results

31 October 2021 05:20 PM RAK Properties posts 383% profit hike in nine months

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 …

Real estate

1 August 2021 10:01 AM RAK Properties sees 348% higher profits in H1-21

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 …

Real estate

3 May 2021 10:38 AM RAK Properties reports 433% higher profit in Q1-21

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 …

Real estate