RAK Properties Achieves AED 216.82 Million Net Profit With 79% Growth In Q3 2025

RAK Properties, a prominent property developer in Ras Al Khaimah, has reported its financial performance for the period ending September 30, 2025. The company experienced a 90% increase in unit sales, attributed to successful new asset launches and construction progress at Mina, their flagship destination.

The company's revenue reached AED 1,165.50 million by the end of Q3 2025, with a net profit of AED 216.82 million, compared to AED 121.41 million during the same period last year. The total number of units sold was 1,214, up from 640 units previously. Sales value amounted to AED 2,006 million, indicating strong demand and positive momentum across RAK Properties' portfolio.

RAK Properties' operating profit increased to AED 278.46 million from AED 191.64 million last year. This growth was supported by a 39% rise in EBITDA, reaching AED 331.11 million in Q3, reflecting robust cash generation and solid project foundations.

The company's balance sheet remains strong with total assets increasing by 6% to AED 8,495 million. Capital and reserves rose by 4.2% to AED 5,758 million. Total equity and liabilities also grew by 6%, reinforcing RAK Properties' financial stability.

Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, stated: "RAK Properties’ year-to-date results stand out as another indication of our strategic vision, long-term ambition, and project pipeline coming to fruition." He highlighted the success of their strategy in attracting diverse investors and residents through community development.

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." He emphasised the company's continued success driven by new launches and steady progress across their projects at Mina.

Future Prospects and Expansion Plans

RAK Properties is poised for further growth as Ras Al Khaimah evolves into a leading investment and lifestyle hub. The developer's ambitious business model connects global partners with prime real estate opportunities in the UAE's dynamic market.

The ongoing expansion of the Mina project is creating innovative real estate propositions for a global audience. As RAK Properties celebrates its 20th anniversary this year, it remains committed to meeting growth targets and delivering on commitments to clients and partners.

The company's strategic initiatives align with Ras Al Khaimah's economic plans integral to achieving RAK Vision 2030. With confidence in their ability to expand Mina's appeal as an investment destination, RAK Properties looks forward to continued success beyond 2025.

With inputs from WAM