RAK Properties

Founded in 2005 on the initiative of Sheikh Saud Bin Saqr Al Qasimi, RAK Properties has become a key player in the UAE real estate market. Focused on a wide range of developments, including residential complexes, office buildings, shopping malls and hotels, the company quickly established itself as one of the leading developers.

In the first half of 2011, RAK Properties announced a profit of 68.66 million dirhams (approximately $18.7 million), reflecting its success and stability in the market. Despite a slight decrease in net profit compared to the previous year, the company showed significant revenue growth.

Projects

RAK Properties has successfully completed several major projects, including Julphar Towers and RAK Tower, and started operation of Precinct 5 Villas and Townhouses in the Mina Al Arab project. About 20 buildings in the u Laguna area are expected to be commissioned in the Mina Al Arab project, with a total construction cost of 9.9 billion dirhams.

The company is actively expanding its portfolio, choosing the best locations for new projects. RAK Properties expects further earnings growth, especially with the resumption of work on the La Hoya Bay project, demonstrating its commitment to innovation and development of the real estate market.

RAK Properties is not only engaged in new construction, but also pays attention to the reconstruction of traditional architectural objects, preserving the cultural heritage of the UAE. This approach emphasizes the company's respect for the region's history and traditions.

Prospects and Development

A strong focus on innovation and quality in all aspects of its operations allows RAK Properties to remain at the forefront of real estate development in the UAE. The company continues to explore new opportunities to expand its influence and strengthen its position in the industry.