216.82 million dirhams, net profits of Ras Al Khaimah Properties at the end of the third quarter
Ras Al Khaimah, 23 October / WAM / Ras Al Khaimah Real Estate Company’s revenues until the end of the third quarter of the current year amounted to 1,165.50 million dirhams, while it recorded a net profit of 216.82 million dirhams, compared to 121.41 million dirhams for the same period last year.
This came within its financial results for the nine months of the year 2025, which it announced today, and reflected a clear upward path for the company’s business, driven by a 90% increase in the number of units sold after it succeeded in selling 1,214 residential units, compared to 640 units in the same period last year, bringing the value of sales to 2,006 million dirhams in a major indicator of positive demand for Ras Al Khaimah’s real estate portfolio, which is attributed to the launch Successful acquisition of new assets and progress of construction work at its main destination, “Mina”.
The company’s successful performance during the first nine months of 2025 is based on its strong balance sheet and its ambitious business model that connects global partners with real estate investment opportunities in one of the most vibrant real estate markets in the UAE.
With the rapid development that Ras Al Khaimah is witnessing to become a leading investment and lifestyle destination, the company continues its pivotal role at the heart of the ambitious economic plans to achieve the goals of Ras Al Khaimah Vision 2030.
RAK Properties’ results are based on solid foundations that reflect the continued growth of the “Mina” destination, and thanks to its huge portfolio of development projects for the year 2025, valued at 5 billion dirhams, the destination is witnessing rapid expansion through various projects that raise its status as a preferred destination for lifestyle and investment and support the achievement of the goals of the Ras Al Khaimah Vision 2030 plan.
Abdulaziz Abdullah Al Zaabi, Chairman of the Board of Directors of Ras Al Khaimah Properties, said: “The strong financial results of Ras Al Khaimah Properties constitute tangible evidence of our strategic vision, our long-term ambitions, and the expected impact of our prospective portfolio of projects. The latest results for the period ending last September 30 indicate that our plan to develop communities that attract a diverse segment of investors and residents is achieving the desired results, and this is clearly evident.” In the number of units sold and the growing value of cumulative sales.
Al Zaabi added: “As we celebrate this year the twentieth anniversary of the launch of our operations, the continued growth of the Mina destination and our diverse project portfolio in Ras Al Khaimah in general contributes to creating a new type of real estate offerings and innovative lifestyles to support the needs of our customers from all over the world.”
For his part, Sameh Muhtadi, CEO of RAK Properties, said: “Our financial results for the first nine months of the year confirm the clarity of the path taken by RAK Properties and its ambitious plans as a leading real estate developer. This success is based on the successful launch of new projects and the continued progress in implementing our various projects in the “Mina” destination. Based on this momentum, we look forward to the remainder of the year 2025, confident of… Our ability to achieve our growth goals, fulfill our commitments to our customers and partners, and enhance the attractiveness of Mina and the Emirate of Ras Al Khaimah in general as a leading destination for investment and modern lifestyles.
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