RAK Properties, a leading developer in Ras Al Khaima, has announced its financial results for the year-to-date period ended September 30, 2025. The results reflect robust growth, supported by strong sales momentum, new project launches and rapid construction progress at its flagship master development, Mina Al Arab.

The company has consistently demonstrated its ability to deliver value while advancing Ras Al Khaimah’s position as a leading lifestyle and investment destination. With a strong balance sheet and a focused strategy, RAK Properties continues to play a central role in supporting RAK Vision 2030.

Key Highlights

• YTD revenue grew 31% to AED 1,165.50 million, driven by project progress and steady handovers.
• Net profit rose 79% to AED 216.82 million, up from AED 121.41 million last year.
• Sales value increased 117% to AED 2,006 million, with 1,214 units sold — a 90% rise from the same period last year.

• Sales backlog reached AED 2,878 million, up 57%, reflecting strong future cash flows and sustained buyer confidence in Mina.

• Operating profit climbed 45% to AED 278.46 million, supported by improved efficiency and cost management.
• EBITDA rose 39% to AED 331.11 million, confirming solid operational capability and consistent profitability.

• Total assets reached AED 8,495 million, up 6%, while capital and reserves increased to AED 5,758 million, showing stable financial foundations.

Robust Performance Across Portfolio

RAK Properties recorded growth in the first nine months of 2025, reflecting strong demand for its communities and the success of its new projects. The company sold 1,214 units during this period, nearly double the 640 units sold the previous year. These results reflect market confidence in both the developer’s portfolio and Ras Al Khaimah’s growing real estate market.

The performance also highlights the strength of the Mina Al Arab master plan. The community continues to attract international buyers and investors. The recent launches, such as Mirasol II and the announcement of Armani Beach Residences Ras Al Khaimah. These projects have positioned Mina as one of the UAE’s most desirable waterfront destinations.

Operating profit reached AED 278.46 million, up from AED 191.64 million a year earlier. EBITDA climbed to AED 331.11 million, which reflects positive cash generation from both ongoing developments and newly launched assets.

Mina: Construction Progress and Delivery Milestones

Construction across Mina remains on track, with over 800 units scheduled for handover in 2025. Key projects, including Bay Residences and Granada II, are approaching completion. Significant progress has also been recorded at Cape Hayat, Bay Views and Quattro Del Mar, each reaching major construction milestones.

The company’s strong execution is supported by a robust AED 5 billion development pipeline for 2025. This pipeline is shaping Mina into a fully integrated waterfront destination that combines residential, hospitality, and retail elements aligned with RAK Vision 2030.

Major Project Launches and Partnerships

RAK Properties launched Mirasol II following the success of Mirasol I earlier this year. Located on Raha Island, the new phase features three resort-style communities with low-rise buildings offering 280 apartments, including studios, 1- and 2-bedroom units, duplexes and penthouses with premium amenities.

In July 2025, RAK Properties announced a landmark collaboration with Giorgio Armani and SIE Group for the Armani Beach Residences Ras Al Khaimah, located on Raha Island. The project will feature the world’s first Armani-branded villas alongside luxury apartments. Designed by the late Giorgio Armani and his team, the residences reflect Armani’s philosophy of refined simplicity. It features direct private beach access and panoramic sea views.

At the start of this year, the company launched Anantara Mina Residences, comprising 84 waterfront apartments and 19 luxury villas on Hayat Island. The period also saw the announcement of a partnership to bring the Four Seasons brand to Mina, which is a landmark development featuring 150 rooms and suites, signature villas, and 130 private residences set within a natural coastal landscape.

Looking Ahead

RAK Properties has strong year-over-year performance reflects its ability to combine design excellence with financial strength. The company’s growing asset base, increasing profitability and extensive project portfolio position it for continued success.

As Mina Al Arab continues to evolve, RAK Properties stands at the centre of Ras Al Khaimah’s transformation, shaping destinations that deliver long-term value for residents, investors and the emirate’s economy.