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10 April 08:21 PM

RAK Properties PJSC (RAKPROP)

Last update: 02:58 PM market time.
1.00
-0.58
-36.69%
Open 1.00
Previous Close 1.57
High 1.02
Low 0.99
Stock Statistics
Volume 3,947,262
Turnover 3,953,602.26
All data are 15 minutes late during market session

News

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28 September 2025 11:40 AM RAK Properties establishes Mirasol phase II
Abu Dhabi - Mubasher: RAK Properties has launched the second phase of Mirasol, an expansive resort-style apartment community on Mina, according to a press release. The development scheme comprises 280 units across visually distinct and …
Real estate
Photo Archive
6 February 2025 07:22 AM RAK Properties logs nearly AED 281m profits in 2024; revenues jump 40%
Abu Dhabi – Mubasher: RAK Properties generated AED 280.91 million in net profit after tax during the January-December 2024 period, an annual surge from AED 201.81 million. Total assets increased by 24% year-on-year (YoY) to AED 8.01 billion as of …
Financial Results
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26 January 2025 05:35 PM RAK Properties rolls out flagship Mina with AED 5bn pipeline
Abu Dhabi – Mubasher: RAK Properties announced its masterplan Mina, the focus of a AED 5 billion gross development value (GDV) pipeline for 2025, according to a press release. Mina is set across a land area of 4 million square metres, including …
Companies Investments
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10 November 2024 01:53 PM RAK Properties registers AED 891m revenues in 9M-24
Abu Dhabi – Mubasher: RAK Properties recorded remarkable growth across metrics during the first nine months (9M) of 2024, including a 30% year-on-year (YoY) hike in revenue to AED 891.32 million. The generated revenues were compared with AED …
Financial Results
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14 October 2024 02:10 PM RAK Properties obtains AED 2bn facility from CBD
Abu Dhabi – Mubasher: RAK Properties teamed up with Commercial Bank of Dubai (CBD) to arrange an AED 2 billion financing facility, according to a press release. The syndicated long-term financing facility will support the company’s growth …
Banking and Finance
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8 August 2024 00:43 PM RAK Properties generates 19% higher revenues in H1-24; profits hit AED 89m
Abu Dhabi – Mubasher: RAK Properties logged net profits valued at AED 89.05 million in the first half (H1) of 2024, marking an annual rise from AED 88.18 million. Revenues amounted to AED 610.37 million in H1-24, higher by 19% year-on-year (YoY) …
Real estate
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10 July 2024 05:58 PM Ras Al Khaimah raises equity ownership in RAK Properties to 34%
Abu Dhabi – Mubasher: The Emirates of Ras Al Khaimah has increased its stake in RAK Properties to reach 34.16% following the Securities and Commodities Authority’s (SCA) approval. This equity raise comes upon the March annual general meeting (AGM) …
Real estate
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20 June 2024 05:37 PM RAK Properties obtains SCA’s nod for issued capital increase
Abu Dhabi – Mubasher: RAK Properties Company has received the approval of the Securities and Commodities Authority (SCA) to raise its issued capital to AED 3 billion from AED 2 billion, according to a bourse filing on 20 June 2024. The amended …
Management Decisions
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9 May 2024 03:48 PM Rak Properties unveils AED 41.5m net profits in Q1-24
Abu Dhabi – Mubasher: Rak Properties posted lower net profits after tax at AED 41.45 million in the first quarter (Q1) of 2024, compared to AED 44.60 million in Q1-23. Meanwhile, the revenues increased to AED 289.81 million in Q1-24 from AED …
Real estate
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13 February 2024 01:58 PM Rak Properties logs higher profits in 2023; dividends, capital hike proposed
Abu Dhabi – Mubasher: Rak Properties generated AED 201.81 million in net profit during 2023, compared to AED 30.78 million in 2022, according to the consolidated financial results. Revenues hiked to AED 1 billion last year from AED 408.21 million …
Real estate
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5 November 2023 10:39 AM Rak Properties’ profits up 282% in 9M-23 interim results
Abu Dhabi – Mubasher: The net profits of Rak Properties reached AED 105.16 million in the first nine months (9M) of 2023, marking a 282% hike from AED 27.54 million in 9M-22. Revenues stood at AED 685.56 million during January-September 2023, an …
Financial Results
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19 September 2023 00:07 PM RAK Properties launches new development project
Abu Dhabi – Mubasher: Rak Properties has launched Cape Hayat, a 668 residential development project on Hayat Island in Mina Al Arab, according to a press release. The new scheme will be built in accordance with the Barjeel Green Initiatives to …
Real estate
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8 August 2023 11:02 AM RAK Properties logs AED 88m net profits in H1-23
Abu Dhabi – Mubasher: The net profits of Rak Properties reached AED 88.18 million during the first half (H1) of 2023, an annual increase from AED 25.55 million. The revenues enlarged to AED 511.63 million in H1-23 from AED 193.99 million in H1-22, …
Real estate
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16 May 2023 11:50 AM Rak Properties achieves higher profits in Q1-23; revenues skyrocket 141%
Abu Dhabi – Mubasher: Rak Properties logged net profits amounting to AED 44.59 million during the first quarter (Q1) of 2023, higher by 46% year-on-year (YoY) than AED 30.47 million. The company posted revenue valued at AED 258.58 million as of 31 …
Financial Results
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13 February 2023 04:30 PM Rak Properties logs nearly AED 31m profits in 2022
Abu Dhabi – Mubasher: Rak Properties witnessed a plunge in net profit to AED 30.78 million in 2022, versus AED 201.47 million in 2021. Revenues stood at AED 408.21 million last year, lower than AED 515.62 million in January-December 2021, …
Financial Results
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25 August 2022 09:12 PM Rak Properties announces Al Muhtadi as new CEO
Abu Dhabi – Mubasher: Rak Properties has named Sameh Al Muhtadi as its new CEO after he joined the company on 22 August 2022, according to a bourse filing. Al Muhtadi holds a Bachelor ’s degree in Civil Engineering from Enfield College in the UK , …
Real estate
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1 August 2022 11:07 AM Rak Properties sees lower profits at AED 25.5m in H1-22
Abu Dhabi – Mubasher: Rak Properties has logged net profits worth AED 25.55 million during the first half (H1) of 2022, a decrease from AED 119.80 million in H1-21. The revenue plunged to AED 193.99 million in the first six months (6M) of 2022 …
Financial Results
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15 February 2022 01:28 AM Rak Properties’ profits hit AED 201.5m in 2021
Abu Dhabi – Mubasher: RAK Properties’ profits jumped to AED 201.47 million in 2021 from AED 113.52 million a year earlier, the consolidated financial statement showed on Monday. The company’s revenues surged to AED 515.62 million last year, up …
Financial Results
The company's revenues soared to AED 424.37 million
31 October 2021 05:20 PM RAK Properties posts 383% profit hike in nine months
Abu Dhabi – Mubasher: RAK Properties achieved net profits of AED 197.9 million in the first nine months of 2021, a leap of 382.68% year-on-year (YoY) from AED 40.97 million, the unaudited consolidated financial results showed on Sunday. The …
Financial Results
The company's revenues rose by 121%
1 August 2021 10:01 AM RAK Properties sees 348% higher profits in H1-21
Abu Dhabi – Mubasher: The net profits of RAK Properties increased by 348% to AED 119.809 million during the first half (H1) of 2021 from AED 26.729 million in the year-ago period, as shown by the company's unaudited interim consolidated financials …
Real estate
Revenues surged to AED 124.29 million in the January-March period
3 May 2021 10:38 AM RAK Properties reports 433% higher profit in Q1-21
Abu Dhabi – Mubasher: RAK Properties achieved net profits of AED 64.13 million in the first quarter (Q1) of 2021, up by 433% year-on-year (YoY) from AED 12.04 million, the unaudited financial results showed. The real estate developer’s revenues …
Financial Results
The company elected Mohamed Ahmed Ruqait as Vice Chairman
4 April 2021 09:58 AM RAK Properties elects new Chairman
Abu Dhabi – Mubasher: RAK Properties has appointed Abdelaziz Abdulla Al Zaabi as the company's Chairman. The company also elected Mohamed Ahmed Ruqait as Vice Chairman, according to the company's disclosure to the Abu Dhabi Securities Exchange …
Management Decisions
The company has generated revenues of AED 243.5m in 2020
21 February 2021 10:31 AM RAK Properties registers 22% higher profits in 2020
Abu Dhabi – Mubasher: The net profits of RAK Properties jumped by 22% to AED 113.522 million in 2020 from AED 93.137 million in 2019, according to the company's financial results for 2020. The company has generated revenues of AED 243.499 million …
Financial Results
The company has generated revenues of AED 177.54m
8 November 2020 09:34 AM RAK Properties records higher profits in 9M
Abu Dhabi – Mubasher: The net profits of RAK Properties increased to AED 40.97 million during the first nine months of 2020 from AED 34.22 million in the year-ago period. The company has generated revenues of AED 177.54 million in the …
Financial Results
The EPS stood at AED 0.013 in H1-20
9 August 2020 09:30 AM RAK Properties's net profits record AED 27m in H1-20
Abu Dhabi – Mubasher: The consolidated interim financial results of RAK Properties registered net profits of AED 26.73 million in the first half (H1) of 2020, compared with AED 16.23 million in the same period of 2019. The company's revenues …
Real estate