RAK Properties posted strong first-half results for 2025, driven by robust demand and accelerated growth across its flagship Mina destination.
The company recorded AED774.79 million in revenue during the first six months of the year, while net profit jumped 80% to AED160.6 million, compared to AED89.06 million in H1 2024. This performance coincided with a 101% increase in sales value to AED1.41 billion, supported by a 59% rise in units sold, reaching 788 properties. The developer’s backlog also climbed 42% to AED2.62 billion, strengthening future revenue visibility.
Strong Operational Efficiency and Financial Stability
Operating profit rose 47% to AED204.15 million, while EBITDA grew 42% to AED239.25 million, reflecting the company’s operational resilience and efficiency. Total assets increased 3.5% to AED8.29 billion, and capital and reserves advanced by 3% to AED5.7 billion. Investor confidence also strengthened, with the share price up 26.3% year-to-date to AED1.44 and market capitalization reaching AED4.32 billion by the end of H1 2025.
Leadership Views Growth as Strategic and Sustainable
Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, said:
“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.
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.”
Sameh Muhtadi, CEO of RAK Properties, added:
“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.”
