RAK Properties’ Report Revenue of $317 Million Till September

RAK Properties, Ras Al Khaimah’s leading publicly listed property developer, on Wednesday reported a revenue of $317.36 million up to the end of Q3 of 2025, with net profit amounting to $59.04 million, compared with to $33.06 million for the same period last year.

These figures also reflected a total of 1,214 units sold, up from 640 units for same period last year, and the sales value hit $546.22 million, a major indicator of both demand and positive traction across the developer’s portfolio, the company said in a disclosure with Abu Dhabi Securities Exchange (ADX) this morning.

The performance highlighted consistent growth, underpinned by a 90% surge in the number of units sold, driven by successful new asset launches and construction progress across the developer’s flagship destination, Mina, the company said.

RAK Properties’ success throughout the first nine months of 2025 is built on a robust balance sheet and an ambitious business model that effectively connects global partners with prime real estate investment opportunities in the UAE’s most exciting property market.

As Ras Al Khaimah rapidly develops into a leading investment and lifestyle destination, RAK Properties remains at the heart of the Emirate’s bold economic plans which are integral to achieving RAK Vision 2030.

Robust Performance

As a key demonstration of RAK Properties’ operational growth, the appeal of its real estate proposition, and ongoing market capture, the first nine months of the year saw Mina continuing to attract a diverse ecosystem of buyers and investors.

This success has been further bolstered by new launches, such as Mirasol II, and the announcement of the highly anticipated Armani Beach Residences Ras Al Khaimah, which is already generating significant excitement in the market.

RAK Properties’ Operating Profit reached $75.82 million, up from $52.18 million for the same period last year. This was underscored by a 39% increase in EBITDA with Q3 figures showing $90.16 million, a reflection of positive cash generation and strong foundations across numerous projects.

These latest numbers solidify RAK Properties’ impressive financial foundations, which have continued to drive growth and expansion plans. The Developer’s balance sheet remains robust, with recorded total assets growing by 6% to $2.31 billion.

Delivery Milestones

The delivery of in-demand projects across Mina will proceed as scheduled for the rest of 2025 and into 2026. RAK Properties is progressing with the handover of more than 800 units this year. Landmark projects, including Bay Residences and Granada II and Cape Hayat are rapidly approaching the final stages of development, while significant progress has been registered at Cape Hayat, Bay Views, and Quattro Del Mar, with each project reaching important construction milestones.

The results also show the ongoing development of the Mina master plan, which is backed by a substantial $1.36 billion development pipeline for 2025, Mina is undergoing a rapid expansion with diverse projects not only elevating its status as a sought-after lifestyle and investment destination but also supporting the wider goals of RAK Vision 2030.

As work progresses on essential infrastructure and facilities, Mina is fuelling the Emirate’s long-term goal to develop its key residential, retail, and hospitality sectors.

The period up to September 30th saw RAK Properties launch Mirasol II. Following the success of Mirasol I at the start of 2025, this expansive resort-style apartment community on Mina’s Raha Island will feature three fully integrated residential communities, two low-rise apartment buildings comprising 280 units, offering a mix of studios, 1 & 2-bed apartments, 3-bed duplexes, and penthouses, all with access to exceptional amenities.