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RAK Properties was established in 2005 by the vision of his Highness Sheikh Saud Bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah. RAK Properties focuses on the future and centers its attention on every small detail to provide future owners with maximum comfort and security.
The company has innovated several iconic architectural objects in the country and has created beautifully-managed new projects. RAK Properties is a trusted partner for foreign investors as the sound capital of the company is AED 2B.
RAK Properties meets or exceeds all applicable environmental requirements for all of its projects and services, uses practices and processes which minimize waste and conserve energy, as well as prevents pollution and develops energy-efficient products which minimize the impact on the environment.
In H1 2022 the reported comprehensive income of RAK Properties reached AED 25.7M (USD 7M), while the total assets of the developer stood at AED 6.2M (USD 1.7M) in Q2. The revenue for H1 reached AED 194M (USD 53M), and the significant profit was achieved due to the recent opening of InterContinental Ras Al Khaimah Mina Al Arab Resort & Spa.
At the moment, the developer is actively working on another hospitality project called Anantara Mina Al Arab Hotel & Resort, which plans to be handed over by 2023.