160.6 million dirhams net profits " Ras Al Khaimah Real Estate" In the first half

Ras Al Khaimah on August 14 / WAM / Ras Al Khaimah Real Estate Company’s revenues amounted to 774.79 million dirhams during the first half of this year, with a noticeable increase in net profit by 80% to reach 160.6 million dirhams, compared to 89.06 million dirhams in the first half of last year.

The financial results for the first six months of 2025, which were announced by Al -Sakra today, reflects a clear upward path driven by strong growth and strong sales in the leading “port” destination, which is witnessing an accelerated development.

The company’s data indicated an increase of 101% in the value of sales to reach 1.4 billion dirhams, compared to 703 million dirhams last year. As a result, the value of the company’s development projects – which is a clear indication of future revenues and cash flow – amounted to 2.624 billion dirhams, an increase of 42% on an annual basis.
This growth enhanced the increase in the number of units sold by 59% to 788 units, which is an essential indication of the strength of demand and continuous positive attractiveness through the system of assets and projects of Ras Al Khaimah Real Estate Company. In general, these results reflect the high operational efficiency and the growing attractiveness of the company. The company also managed to strengthen its market share, which makes it a favorite destination for buyers and investors in one of the fastest growing real estate sectors in the UAE.
The company made remarkable progress through its wallet from residential projects and hospitality sector projects, as the operational profits for the first half of the year increased by 47% to reach 204.15 million dirhams, compared to 138.51 million dirhams last year. The profits also increased before benefits, taxes, consumption and firefighting by 42% during the first half to reach 239.25 million dirhams.
According to the company’s data, the total registered assets increased by 3.5% to 8.29 billion dirhams, in addition to an increase of 3% in capital and reserves, to 5.7 billion dirhams.
Abdulaziz Abdullah Al -Zaabi, Chairman of the Ras Al Khaimah Real Estate Company, said that these strong results of Ras Al Khaimah Real Estate Company in the first half of this year embody an exceptional growth and an aspirational strategic vision that leads the company’s march and the head of Ras Al Khaimah as a whole, and the exceptional gravity that the Emirate of Ras Al Khaimah is also highlighted as a real estate destination and a leading investment center, as it reflects the diversified economy For the emirate, and its environment that supports investors, and the increasing number of population, an upward demand in a modern lifestyle that combines urban housing with the magic of the marine facades, with the focus of the “port” project as a beating heart for this vision, which includes international levels, and witnesses the development of distinctive housing hotels and facilities that promote the emirate’s position as an attractive destination for investments and luxury tourism worldwide, Which in turn contributes to the formation of new features of the coast of Ras Al Khaimah and its urban horizon.
For his part, Sameh Mahdi, CEO of Ras Al Khaimah Real Estate Company, said that the results of the first half of the year show remarkable progress for a company for the company, and our success is evident in the continuous flow of available assets, high sales numbers, and the growing global interest in Ras Al Khaimah as a leading destination for living and investment. Ras Al Khaimah Real Estate has established its role as an engine for the economic growth of the emirate this year, supported by disciplined and managed operations with wide experiences through various projects, including new housing projects and the announcement of international hotels.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter