Generating long-term shareholder value through sustainable and successful lifestyle developments
RAK Properties is a Public Joint Stock Company (PJSC) listed on the Abu Dhabi Securities Exchange, formed in 2005 with the support of the Government of Ras Al Khaimah (RAK).
Founded in line with the vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties aims at supporting and promoting the economic growth of Ras Al Khaimah as well as assisting the emirate's community development initiatives. RAK Properties will also maximize shareholders' value through its development projects in the coastal and inland areas of Ras Al Khaimah.
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MD & CEO's Message
2014 was a year of robust growth and development for RAK Properties. We achieved a gross sales value of AED 364 million in 2014, up 47% compared to AED 248 million in 2013. We also achieved a consolidated net profit of AED 155.75 million during the year, compared to AED 150.59 million in 2013. The lines of funding are in place at a company and project level, which provides us with a solid platform for future business growth and pursuit of new opportunities.
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