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RAK Properties has recorded solid growth for the first half with a threefold increase in net profit and a 164% jump in revenue, which hit AED512 million ($140 million), propelled by robust demand for new project launches in Abu Dhabi and Ras Al Khaimah.
RAK Properties, a UAE real estate development company, has
The growth was driven by strong customer demand for new project launches in Abu Dhabi and Ras Al Khaimah and handover of residential developments to owners
RAK Properties, a UAE real estate development company, has posted revenues of AED258.58 million ($70.4 million) for the first quarter (Q1) of the year as against AED107.25 million during Q1 2022, marking an increase of 141%.
Al Hamra, a leading lifestyle developer and investment company in Ras Al Khaimah, has announced the launch of Marina Residences Phase 3, a new 318-waterfront apartment building, in the heart of Al Hamra Village in the northern emirate.