RAK Properties has announced its financial results for the first six months of 2025, highlighting a clear upwards trajectory driven by solid growth and strong sales across its rapidly evolving Mina flagship destination.
This period was defined by exceptional financial performance, a significant increase in sales value, and continued progress across RAK Properties’ development pipeline. Underpinned by a robust balance sheet and an efficient business model that attracts global brands and partners, RAK Properties has balanced growth across its asset range.
As Ras Al Khaimah solidifies its position as a global investment and lifestyle hub, RAK Properties continues to demonstrate its pivotal role as a high-performing developer with a long-term strategic outlook, deeply embedded in the emirate’s economic ambitions.
RAK Properties recorded revenue of AED 774.79m for the H1 period, with net profit soaring by 80% to AED 160.6m – compared to AED 89.06m registered for the first half last year.
The newly released figures also resonated with a 101% increase in sales value to AED 1,411m – up from AED 703m last year.
As a result, RAK Properties’ development backlog – a clear indicator of future revenue and cashflow certainty – stands at AED 2,624m, up 42% year on year. This was fueled by a 59% surge in the number of units sold – reaching 788 – a core indicator of both demand and consistently positive traction across RAK Properties’ ecosystem of assets and projects.
Overall, this clearly demonstrates the company’s strong operational efficiency, expanding appeal, and market capture that continues to attract buyers and investors to one of the UAE’s fastest moving real estate sectors.
RAK Properties’ consistent progress across its portfolio of residential and hospitality projects is revealed in a jump in operating profit for H1, which increased 47% to AED 204.15m – up from AED 138.51m last year.
This is further underscored by a 42% increase in earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) with H1 figures showing AED 239.25m – a reflection of the developer’s operational strength.
With this solid financial foundation propelling continued growth, RAK Properties’ balance sheet remains robust. Recorded total assets grew by 3.5% reaching AED 8,290m, with this stable financial position, coupled with a 3% increase in capital and reserves to AED 5,701m, this provides clear and positive visibility into the developer’s revenue funds for future expansion plans and sustained investment.
Investor confidence remains solid, reflected in RAK Properties’ share price rising by 26.3% YTD to AED 1.44 and market capitalisation reaching AED 4,320m by H1 2025 end.
“RAK Properties’ robust H1 results are a testament to the remarkable growth and strategic vision that is driving both the company, and Ras Al Khaimah as a whole. As RAK Properties celebrates its 20th year, these impressive figures underscore a consistent plan that is yielding tangible success – a plan closely aligned with the visionary leadership of His Highness Sheikh Saud bin Saqr Al Qasimi.
“Our performance highlights Ras Al Khaimah’s unprecedented appeal as a real estate destination and investment hub. The emirate’s diversified economy, investor-friendly regulations, and growing population reflect an increasing demand for a new kind of modern, urban-beachfront community with Mina as its vibrant heart. Already home to world-class resorts, and with more branded hotels and residences taking shape, its success mirrors the emirate’s broader vision to attract top-tier hospitality and investment from around the world – investment that continues to reshape both the emirate’s coastline and skyline.”
Abdulaziz Abdullah Al Zaabi, Chairman, RAK Properties
The delivery of high-profile projects at the Mina development will continue for the rest of 2025 and into 2026. Landmark projects, such as Bay Residences, Granada II and Cape Hayat are moving ahead steadily, while Bay Views, Edge, and Quattro Del Mar have also registered significant progress, moving through key construction phases, with major contracts awarded and site works underway.
With progress across the RAK Properties’ Mina development continuing at pace, over 800 units are scheduled to be delivered before year end – further definitive proof of RAK Properties’ strict adherence to its construction and delivery commitments and continued appeal to diverse stakeholders.
“Our H1 results show a successful six months for RAK Properties. We continue to see our success shaped by a steady stream of assets coming online, rising sales figures, and international interest in RAK as a place to live, invest, and thrive.
“So far this year, RAK Properties has solidified its role as a driver of the emirate’s economic growth, with strong financial results supported by disciplined and expertly managed operations across diverse projects, from newly launched residential projects to landmark hotel announcements. The timely and steady growth of Mina – from new homes to critical infrastructure – signals our status as trusted and high-performing developer with the scale, vision, and expertise to achieve even more in the months and years ahead.”
Sameh Muhtadi, CEO, RAK Properties
