Ras Al Khaimah, UAE – RAK Properties (ADX: RAKPROP), Ras Al Khaimah’s leading publicly listed property developer, has reported strong financial performance for the first nine months of 2025, driven by a sharp rise in sales volumes and continued progress across its flagship Mina master development.
The developer recorded AED 1.165 billion in revenue and AED 216.82 million in net profit for the period ending September 30, 2025 — marking a significant year-on-year improvement compared to AED 121.41 million in the same period last year.
The company’s latest financial results highlight the growth momentum of both its real estate operations and its expanding project portfolio, reflecting Ras Al Khaimah’s emergence as one of the UAE’s fastest-growing investment and lifestyle destinations.
Financial Growth Driven by Strong Sales
According to RAK Properties’ financial report, the developer sold 1,214 residential units during the first nine months of 2025 — a 90% increase from 640 units sold in the same period of 2024.
Total sales value reached AED 2.006 billion, underlining robust demand for properties within Mina and other ongoing developments.
Also read: RAK Properties Expands Mina Community With New Phase
Operating profit rose to AED 278.46 million, compared to AED 191.64 million last year, while EBITDA increased by 39% to AED 331.11 million, reflecting positive cash generation and strong operational performance.
The company’s total assets grew by 6% to AED 8.495 billion, while capital and reserves increased by 4.2% to AED 5.758 billion, supported by a solid balance sheet and sustainable growth strategy.
Strong Results Reflect RAK Vision 2030 Ambition
The company attributed its performance to ongoing development across Mina, its flagship coastal community, and several new project launches that have expanded its investor base and sales pipeline.
“RAK Properties’ year-to-date results stand out as another indication of our strategic vision, long-term ambition, and project pipeline coming to fruition,” said Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties.
“With these latest figures, for the period up to September 30th, we can see that our plan to develop communities that attract a diverse clientele of investors and residents is delivering the desired results – as highlighted in the number of units sold and our increasing sales backlog.
As we celebrate our 20th anniversary of operations this year, we can see that the ongoing growth of our Mina project – and Ras Al Khaimah as whole – is creating a new kind of real estate and lifestyle proposition for a truly global audience.”
Mina: A Catalyst for Ras Al Khaimah’s Real Estate Growth
RAK Properties’ flagship project, Mina, continues to be a cornerstone of the company’s success and a central component of RAK Vision 2030 — the emirate’s long-term roadmap for economic diversification and sustainable development.
Also read: Marjan and RAK Hospitality Merge to Form Unified Real Estate in RAK
The development is a key driver in positioning Ras Al Khaimah as a global investment and lifestyle destination, combining luxury coastal living with long-term real estate value.
Sameh Muhtadi, CEO of RAK Properties, commented: “Our year-to-date results show the upwards trajectory of RAK Properties as a high-performing developer within a rapidly maturing destination.
Our success continues to be driven by new launches and steady progress being made across our diverse portfolio of projects at Mina.
Building on this, we can look forward to the remainder of 2025 and beyond with confidence in our ability to meet our growth targets, to deliver on our commitments to clients and partners, and to expand Mina, and Ras Al Khaimah’s, appeal as a leading investment, real estate, and lifestyle destination.”
Sustained Profitability and Expansion
RAK Properties’ results highlight the company’s solid fundamentals, with consistent profitability supported by disciplined cost management and diversification of its portfolio. The company’s strong asset base provides stability as it continues to expand into new segments, including luxury residential, hospitality, and mixed-use projects.
With Ras Al Khaimah emerging as a competitive alternative to Dubai and Abu Dhabi, RAK Properties is well positioned to benefit from the emirate’s rising tourism numbers, improved infrastructure, and global investor appeal.
Strengthening Ras Al Khaimah’s Investment Landscape
RAK Properties’ performance underscores Ras Al Khaimah’s growing role in the UAE’s real estate market as it continues to attract global investors and lifestyle buyers. The developer’s continued expansion aligns with the emirate’s ambition to establish itself as a sustainable, high-quality living destination with strong long-term fundamentals.
As RAK Properties approaches two decades of development excellence, its strategic focus on innovation, community building, and fiscal strength positions it to lead Ras Al Khaimah’s next phase of growth.
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