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RAK Properties posts 22.5 surge in profit


RAK Properties posts 22.5 surge in profit
issacjohn@khaleejtimes.com
Filed on February 21, 2021
Mina Al Arab community, a waterfront community continued to lure in investors and end-users who looked for a safe haven, highest safety and security measures were in place in response to the guidelines put forward by the concerned authorities.
The developer said in a statement on Sunday that the value of its assets surged to Dh5.8 billion in 2020 from Dh5.6 billion
RAK Properties recorded a 22.5 per cent growth in net profit to Dh114 million in 2020 compared to Dh93 million in 2019.
The developer said in a statement on Sunday that the value of its assets surged to Dh5.8 billion in 2020 from Dh5.6 billion as revenue increased by 25 per cent to Dh243 million in 2020 from Dh195 million in 2019. ....

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