370 million dirhams revenues "Ras Al Khaimah Real Estate" During the first quarter of 2025

Ras Al Khaimah, May 9/ WAM/ Ras Al Khaimah Real Estate Company recorded revenues of 370 million dirhams during the first quarter of 2025, an increase of 28% compared to the same period in 2024.

This growth reflects the continuous progress in project development work, as well as a strong turnout at the new launches.

The profits before the tax increased to 74 million dirhams, an increase of 64% on an annual basis, and the profits increased before calculating interest, taxes, depreciation, and debt consumption (EBIDTA) to 107 million dirhams, which reflects an improvement in the operational margins and the efficiency of financial performance.

The company also maintained a strong financial center, as the total assets amounted to 8.15 billion dirhams, and property rights rose to 5.59 billion dirhams.

The value of the projects under development until March 31, 2.33 billion dirhams, providing a clear vision of future revenues.

Strong sales were recorded, as 503 units were sold during the first quarter with a total value of 839 million dirhams, which represents a number that exceeds any previous quarter, and reflects the continuous demand from the final users and investors alike.

Abdulaziz Abdullah Al -Zaabi, Chairman of the Ras Al Khaimah Real Estate Company, said that the company continues to achieve achievements at a pace that reflects the strength of its vision and high operational competence. He added that this quarter reflects the maturity of the company in growth and expansion, by handing over projects, attracting global partnerships, supporting the broader economic vision of the emirate, pointing out that the company will continue to advance a disciplined strategy that focuses on creating value, excelling performance, and gaining investor confidence in the long run.

For his part, Sameh Mahdi, CEO of Ras Al Khaimah Real Estate Company, said that the year 2025 represents a turning point in the company’s march, with planning to hand over more than 800 units, and more than 3,000 units at present, the company continues to achieve achievements at several levels, while maintaining strong financial discipline.

He added that the results of the first quarter reflect an integrated performance that combines the acceleration of achievement and the promotion of financial foundations, supported by the improvement of margins and effective costs.

He explained that during this quarter, the company accelerated the steps of developing the “port” destination to keep pace with its ambitious vision, expand its portfolio from high -performance housing and tourism projects, and enhance its human resources in line with the increasing operational size.

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