In 2024, RAK Properties achieved a record 40% revenue growth, reaching Dh1.4 billion, up from Dh1 billion in 2023. This robust performance reflects the company’s strategic initiatives and the burgeoning real estate sector in Ras Al Khaimah. The emirate’s real estate market witnessed a remarkable 118% increase in total transactions, soaring to Dh15.08 billion in 2024 from Dh6.94 billion in 2023. Contributing to this success, the Ras Al Khaimah government increased its stake in RAK Properties from 5% to 34%, underscoring confidence in the company’s vision and aligning with the emirate’s developmental goals. These developments highlight RAK Properties’ pivotal role in Ras Al Khaimah’s emergence as a global investment hub.
RAK Properties Reports 40% Revenue Growth in 2024, Reinforces Focus on Reinvestment for Long-Term Growth
