RAK Properties
AADX:RAKPROP0.99
AED
-0.02
(-2.48%)
ISIN
AER000601016
Return %
Stock
S&P 500
1Y
-33.89
14.20
3Y
6.16
81.12
5Y
45.93
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Sameh Al-Muhtadi
- Sector
- Finance
- Industry
- Real estate development
- Address
- Ras Al Khaymah United Arab Emirates
- IPO Date
- Mar 30, 2005
- Website
- rakproperties.net
- Similar Companies
- Business
- RAK Properties PJSC is a United Arab Emirates-based public joint stock company engaged in real estate investment, master-planned community development, property sales, leasing, and hospitality management. The Company operates primarily through three business segments: Property Sales, Hotel Operations, and Property Leasing and Others. Its core products and services include: residential real estate developments, encompassing waterfront villas, beachfront townhouses, luxury apartments, and branded residences across flagship master-planned destinations such as Mina Al Arab, Raha Island, Hayat Island, Julphar Towers, and RAK Tower, including specific project developments such as Quattro Del Mar, Bay Residences, Gateway Residences, Cape Hayat, Mirasol, Nura, Solera, SKAI, and Edge; hospitality and leisure assets, comprising luxury five-star resorts and hotel residences such as the InterContinental Mina Al Arab Resort & Spa and the Anantara Mina Al Arab Ras Al Khaimah Resort; commercial and retail real estate, featuring premium office towers, ground-floor retail promenades, open-air shopping districts, and dining venues; and property management and community infrastructure services, including residential and commercial leasing, marina and berth management, and integrated facility management operations. In recent corporate developments, the Government of Ras Al Khaimah increased its strategic equity holding in RAK Properties from 5.05 percent to 34 percent, becoming the Company's anchor shareholder to accelerate project delivery aligned with the RAK Vision 2030 economic strategy. The Company has significantly expanded its luxury and branded portfolio through key international partnerships, including an alliance with Giorgio Armani to introduce the world's first Armani-branded beach villas and a partnership with Four Seasons and Denniston Architects to develop a luxury resort and private residences at Mina Al Arab. In operational and service innovations, RAK Properties established One Facilities Management in partnership with United Al Saqer Group to deliver comprehensive community and facilities management services, and partnered with financial technology firm Hubpay to enable digital and cryptocurrency property transaction processing. The Company expanded its mainland footprint with the launch of The Strand, a mixed-use community destination in Ras Al Khaimah, alongside continued residential rollouts on Raha Island. Founded in 2005 and headquartered in Ras Al Khaimah, United Arab Emirates, RAK Properties PJSC primarily serves domestic and international retail buyers, high-net-worth investors, commercial corporate tenants, and global hospitality travelers across the United Arab Emirates.