Ras Al Khaimah real estate developer RAK Properties reported revenue of AED370m ($101m) in Q1 2025, reflecting an increase of 28 per cent compared to the same period in 2024.
The growth was primarily driven by continued on-site development progress across multiple residential projects and strong uptake across new launches.
The results mark a strong start to a milestone year in quarter characterised by strong sales, expansion of the development pipeline, and continued investor confidence across key launches.
RAK Properties Ras Al Khaimah real estate
Profit before tax rose to AED74m ($20.1m), up 64 per cent year-on-year, while EBITDA increased to AED107m ($29.1m) — underscoring improved margins and operational leverage.
The Company maintained a solid financial position, with total assets reaching AED8.15bn ($2.2bn) and equity rising to AED5.59bn ($1.5bn).
As of March 31, 2025, the development backlog stood at AED2.33bn ($634m), offering strong visibility into future revenues.
Sales volumes remained healthy, with 503 units sold in Q1 valued at AED839m ($228.4m) — marking more units sold than any other quarter and reflecting sustained demand across both end-user and investor segments.
Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, said: “RAK Properties continues to deliver at a pace that reflects the strength of its vision and the depth of its operational readiness. As we mark 20 years since our establishment, we do so, not with nostalgia, but with clarity of purpose — building communities that contribute to Ras Al Khaimah’s transformation into a globally competitive destination for investment, tourism and quality living.
“This quarter reflects our growth maturity – delivering scale, attracting global partners, and supporting the Emirate’s broader economic ambitions. We will continue to move forward with a disciplined strategy that prioritises value creation, delivery excellence, and long-term investor trust.”
Sameh Muhtadi, CEO of RAK Properties, said: “2025 is shaping up to be a transformational year. With more than 800 handovers planned and over 3,000 units currently under construction, we are delivering across multiple fronts while maintaining strong financial discipline.
“This performance reflects not only our delivery momentum but also a notable strengthening of our financial fundamentals — with improved margins and disciplined cost management positioning us for sustained growth.
“In Q1, we activated key phases of the Mina masterplan, deepened our pipeline with high-performing hospitality and residential launches, and scaled our team to meet rising operational demands. We are focused on delivery, differentiation and unlocking long-term growth. This performance is only the start of what we intend to achieve this year.”

RAK Properties Q1 Ras Al Khaimah highlights
Construction continues on more than 3,000 units across active developments, with more than 800 handovers scheduled in 2025. Flagship projects, such as Bay Residences, Granada II, Cape Hayat, and the now-completed Gateway 2, are progressing steadily. Projects including Bay Views, Edge, and Quattro Del Mar are also advancing through key construction phases, with major contracts awarded and site works underway.
In Q1, RAK Properties advanced the transformation of the Mina masterplan into a fully integrated lifestyle destination. Backed by a AED5bn ($1.4) development pipeline, Mina continues to evolve as a strategic pillar of Ras Al Khaimah’s tourism and investment vision, blending residential, retail, hospitality and waterfront infrastructure.
A landmark agreement was signed with Four Seasons to develop a luxury resort and branded residences — marking the brand’s first presence in the Emirate. Further partnerships include Nikki Beach, which will launch Nikki Beach Resort and Spa Ras Al Khaimah at Mina, and Porto Playa by Ellington, introducing a new design-focused residential offering.
The strategic roll-out of branded offerings at Mina reflects the Company’s focus on driving the luxury segment within its portfolio. These high-impact partnerships are designed to anchor Mina as a premium waterfront address, support long-term value creation, and elevate the Emirate’s appeal to global investors.
Product launches in Q1 included Mirasol, a resort-inspired waterfront community, and SKAI, a contemporary residential tower in the Harbour District, both generating strong investor interest.
A key placemaking milestone was the unveiling of Mina Boulevard, a curated retail and dining promenade designed to activate the community year-round. Enhanced connectivity, including a forthcoming hydrofoil service linking Ras Al Khaimah to Dubai, and a fully integrated marina and yacht club, further positions Mina as a compelling destination for residents and visitors.
Additionally, RAK Properties expanded its workforce by 31 per cent, bringing in new talent across engineering, development, sales, and customer service, thereby reinforcing internal capacity and aligning the organisation for future growth.

Ras Al Khamah real estate in Q2 2025
RAK Properties has started Q2 with the release of its luxury branded Anantara Mina Ras Al Khaimah Residences product. Comprising a collection of 19 villas and 84 apartments, located on the waterfront of Hayat Island, and offering the option for investors to place their units into the hotel rental pool, sales commenced on April 28.
The Anantara Mina Ras Al Khaimah Residences boast a full range of a la carte services and five-star resort level amenities.
The launch of Anantara Mina Ras Al Khaimah Residences has been closely followed by the launch of ENTA – a new residential concept, also on Hayat Island. Comprising 119 furnished apartments and featuring a concept store, co-working space, library and residents lounge, sales commenced on 5th May.
With strong fundamentals, an expanding portfolio and a deepening network of strategic partnerships, RAK Properties is well-positioned to deliver long-term value for shareholders.
In line with this ambition, the Company has appointed Arqaam Capital to support with ongoing strategic initiatives and capital market engagement.