RAK Properties Achieves AED 370 Million Revenue In Q1 2025

RAK Properties has released its financial results for the first quarter of 2025, marking a significant beginning to a year celebrating two decades of growth. The company reported AED370 million in revenue for Q1 2025, a 28% increase from the same period in 2024. This growth was largely driven by ongoing development progress and strong demand for new projects.

The company's profit before tax increased to AED74 million, representing a 64% rise compared to the previous year. Additionally, EBITDA reached AED107 million, highlighting improved margins and operational efficiency. RAK Properties' total assets amounted to AED8.15 billion, with equity increasing to AED5.59 billion by the end of March 2025.

Sales volumes remained robust, with 503 units sold in Q1 valued at AED839 million. This represents the highest number of units sold in any quarter and indicates sustained demand from both end-users and investors. The development backlog stood at AED2.33 billion, providing strong visibility into future revenues.

Abdulazis Abdullah Al Zaabi, Chairman of RAK Properties, stated, "RAK Properties continues to deliver at a pace that reflects the strength of its vision and the depth of its operational readiness. As we mark 20 years since our establishment, we do so, not with nostalgia, but with clarity of purpose — building communities that contribute to Ras Al Khaimah’s transformation into a globally competitive destination for investment, tourism and quality living."

The chairman further emphasized their commitment to growth maturity by delivering scale and attracting global partners. He highlighted their disciplined strategy focusing on value creation and long-term investor trust as key priorities moving forward.

Sameh Muhtadi, CEO of RAK Properties, commented on the transformative nature of 2025 for the company. He noted that over 800 handovers are planned this year with more than 3,000 units under construction. This demonstrates their ability to deliver across multiple fronts while maintaining financial discipline.

The CEO added that they activated key phases of the Mina masterplan during Q1 and expanded their pipeline with high-performing hospitality and residential launches. They also scaled their team to meet rising operational demands while focusing on delivery differentiation and unlocking long-term growth potential.

This quarter's performance is only the beginning of what RAK Properties aims to achieve in 2025 as they continue building communities contributing towards Ras Al Khaimah’s transformation into an attractive destination for investment tourism quality living.

With inputs from WAM