Gross profit increased by 40% to $62.1 million; Profit before tax up 11% year-on-year to $26.7 million
RAK Properties
Property in Ras al Khaimah
Ras Al Khaimah real estate: Government takes 34% stake in RAK Properties
The Government has taken a 34 per cent stake in Ras Al Khaimah real estate giant RAK Properties
Anantara
Anantara Mina Al Arab: Maldives meets UAE hospitality in Ras Al Khaimah
The overwater villas are a highlight of the resort, offering views of the mangroves and featuring infinity plunge pools amid a struggle with low tides
Mina Al Arab
UAE real estate: RAK Properties launches ultra-luxury villa community on Hayat Island
The development looks to embody “luxury living” for those seeking an ultimate island lifestyle experience within a tranquil landscape in Ras Al Khaimah
AB Majlis
AB Majlis podcast: RAK Properties unveils ambitious projects, new developments, strategic partnerships
The latest episode of AB Majlis in conversation with Sameh Al Muhtadi, CEO of RAK Properties brings to light the latest developments, ambitious projects, strategic partnerships and more
Golden visa
Ras Al Khaimah real estate: RAK Properties launches EDGE development on Raha Island, lures investors with Golden Visa support
RAK Properties and Ras Al Khaimah Economic Zone team up to offer Golden Visa support for Raha Island investors
Mina Al Arab
Mina Al Arab sales spurs RAK Properties Q1 revenue to $78.9mn
Revenue for Q1 up 12% from last year; Profit before tax up to $12.4 million; Total assets reach $1.82 billion)
IHG Hotels and Resorts
RAK Properties and IHG announce Staybridge Suites Mina Al Arab on Hayat Island
The development of Staybridge Suites Mina Al Arab is part of RAK Properties’ master plan for Hayat Island, aligning with the vision outlined in RAK Vision 2030
Anantara Mina Al Arab Hotel and Resort
Profits at RAK Properties more than double on the back of multiple new launches and record sales growth
Sales during the first nine months of FY 2023 reached AED 1.5 billion, up 316% on the back of multiple project launches and strong demand for properties in Ras Al Khaimah and Mina Al Arab
Cape Hayat
RAK Properties’ Cape Hayat phase one sold out in record time
Cape Hayat in Ras Al Khaimah offers a collection of luxurious residential apartments, with direct beach access and panoramic views of the Arabian Gulf and Hajar Mountains
Cape Hayat
RAK Properties announces luxury Cape Hayat development
RAK Properties launches residential development on Ras Al Khaimah’s Hayat Island
beachfront development
UAE real estate: New waterfront residential project in Ras Al Khaimah
RAK Properties and Ellington Properties will jointly develop the residential project
Bayviews Residences
UAE beachfront development sells out hours after launch
The ‘Bayviews’ residences comprising of two towers sold out within a few hours after the launch
Bayviews Residences
UAE’s RAK Properties launches new luxury beachfront residences
Bayviews Residences will feature one and two-bedroom apartments with sales commencing on May 26
RAK Properties
RAK Properties records $111m turnover in 2022
RAK Properties reported AED408m ($111m) turnover for last year.
construction industry
RAK Properties begins construction of its new residential project in Hayat Island
Offering a waterfront lifestyle, the new project is a cluster of low rise residential complexes
Hayat Island
New hospitality ‘crown jewel’ to open in Ras Al Khaimah by year-end
InterContinental Ras Al Khaimah Mina Al Arab Resort & Spa to open as part of AED5bn bid to transform Al Hayat Island