RAK Properties, RAKBANK Partner ↗
RAK Properties has partnered with RAKBANK to offer home buyers new, exclusive off-plan financing for residential purchases.
—
RAK Properties has partnered with RAKBANK to offer home buyers new, exclusive off-plan financing for residential purchases.
RAK Properties reported sustained operational continuity amid regional macroeconomic headwinds in H1 2026, with revenue of AED 533.14 million.
RAK Properties reported Q1 2026 revenue of AED 278 million and profit before tax of AED 43.72 million. Revenue was driven by contributions from multiple projects at different stages of design, delivery, completion and handover. The headline says the developer is advancing key projects across its planned pipeline.
Sales for Lunara on The Strand, a 49,500-square-metre community comprising three connected towers at Marjan Beach, are set to begin on 5 March. Construction is expected to start in Q4 2026, with completion anticipated in Q1 2029.
RAK Properties unveiled The Strand, a purpose-built community destination in the heart of the Marjan Beach masterplan. The development reflects the company’s vision to expand beyond its Mina hub and address growing demand for homes combining contemporary urban living with nature.
RAK Properties reported impressive results for the year ended December 31, 2025, citing robust sales, strategic partnerships and accelerated project development. The company described the year as a landmark period of growth and highlighted its role in Ras Al Khaimah’s emergence as a global investment and property hub.
RAK Properties has launched Nura, a contemporary luxury development in Downtown Mina on Raha Island. The two-tower project offers 312 units, including studios, one- to three-bedroom apartments and four-bedroom penthouses.
RAK Properties and United Al Saqer Group have partnered to launch ONE FM, a new end-to-end facilities management entity. ONE FM will focus on the Northern Emirates, an estimated AED 4.9 billion facilities management market.
RAK Properties’ year-to-date results through September 30, 2025, showed revenue rising 31% to AED 1,165.50 million. The company also highlighted doubled sales value, new asset launches and significant construction progress.
RAK Properties has launched Mirasol Phase II, a 280-unit development on Raha Island in Mina, Ras Al Khaimah. It will offer studios, one- and two-bedroom apartments, three-bedroom duplexes and penthouses, with amenities and access to hotels.