RAK Properties reported a net profit of AED160.6 million for the first half of 2025, up 80% from H1 2024, driven by robust sales at its Mina flagship destination.
Revenue for the period reached AED774.79 million, while sales value more than doubled to AED1,411 million. The company’s development backlog now stands at AED2,624 million, reflecting strong future revenue visibility.
Operating profit climbed 47% to AED204.15 million, with EBITDA up 42% to AED239.25 million. Total assets grew 3.5% to AED8,290 million, and capital and reserves rose 3% to AED5,701 million. Investor confidence remains high, with the share price up 26.3% YTD to AED1.44 and market capitalization at AED4,320 million.
Chairman Abdulaziz Abdullah Al Zaabi highlighted Mina’s growing appeal as a modern urban-beachfront community attracting global investors, while CEO Sameh Muhtadi noted the steady growth of assets and infrastructure as a key driver of the company’s success.
RAK Properties’ H1 results underscore its position as a leading developer in Ras Al Khaimah, supporting the emirate’s broader economic and real estate growth.
–Input WAM
