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PROJECTS: Development update: UAE's RAK Properties on track with residential and hospitality projects

PROJECTS: Development update: UAE's RAK Properties on track with residential and hospitality projects
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Ras Al Khaimah , Ras Al Khaymah , United Arab Emirates , Abu Dhabi , Marbella Villas , Mina Al Arab , Julphar Residence , Reem Island , ராஸ் அல் கைமா , ஒன்றுபட்டது அரபு அமீரகங்கள் , மார்பெல்லா வில்லாக்கள் , மினா அல் அரபு , ரீம் தீவு ,

RAK Properties targets Dh400m in revenue this year amid a broader economic recovery

Exclusive: The company plans to invest Dh1bn in building new hotels in Ras Al Khaimah over the next five years ....

Abu Dhabi , Anantara Mina Al , Al Jazirah Hamra , Ras Al Khaimah , Rak Properties , Anantara Mina Al Arab Hotel , Intercontinental Hotel , Marbella Villas , Bay Residence , Mohammed Al Tair , Mina Al Arab , Anantara Mina Al Arab , Jebel Jais , Raki Phillips , Fareed Rahman , Travel Tourism , ஆனந்தர மினா அல் , அல் ஜசிரா ஹம்ரா , ராஸ் அல் கைமா , ரேக் ப்ராபர்டீஸ் , ஆனந்தர மினா அல் அரபு ஹோட்டல் , கண்டம் ஹோட்டல் , மார்பெல்லா வில்லாக்கள் , வளைகுடா குடியிருப்பு , மினா அல் அரபு , ஆனந்தர மினா அல் அரபு ,

Desert Hot Springs OKs 402 condos near Palm Drive and 15th Avenue

The Desert Hot Springs City Council upheld the Planning Commission s approval of 402 condos near 15th Avenue and Palm Drive on Tuesday night, denying an appeal from a nearby homeowners association that opposes the project.
Marbella Villas is proposed for a vacant 25-acre site north of 15th Avenue and west of Palm Drive. The project would include 402 condominiums in 42 residential buildings, with 25 two-story buildings and 17 three-story buildings.
Residents of Skys Haven, a nearby mobile home community for seniors, have argued that the project is incompatible with surrounding single-story mobile homes, and that it will increase traffic and negatively impact their quality of life. ....

United States , Councilmember Russell Betts , Scott Matas , Councilmember Gary Gardner , Jan Pye , Barbara Eastman , Tom Tokar , Desert Hot Springs City Council , Planning Commission , Skys Haven Homeowners Association , Palm Drive , Skys Haven , Marbella Villas , Mobile Home Park , Vista Montana , Desert Hot Springs , Desert Edge , Regional Housing Needs Assessment , Desert Hot , Marbella Vistas , ஒன்றுபட்டது மாநிலங்களில் , ஸ்காட் மதச் , ஜான் பை , பார்பரா ஈஸ்ட்மேன் , டோம் டோக்கர் , பாலைவனம் சூடான நீரூற்றுகள் நகரம் சபை ,

RAK Properties' profits jump 433% to Dh64.14m

RAK Properties profits jump 433% to Dh64.14m
reporters@khaleejtimes.com
Filed on May 3, 2021
RAK Properties revenues grew by 244 per cent to reach Dh124.3 million in the first quarter of 2021
RAK Properties has announced that its profits have increased by 433 per cent during the first quarter of 2021.
The company has recorded a profit total of Dh64.14 million, compared to Dh12.04 million for the same period in 2020. The increase reflects the success of RAK Properties’ strategy in overcoming the challenges resulting from the exceptional circumstances faced the world over, and transforming them into opportunities that benefit both investors and shareholders.
The company has also recorded a rise in the value of assets by 2.9 per cent to reach Dh5.97 billion, compared to Dh5.8 billion in the first quarter of 2020, which is a result of increased investments in the development of hotel and residential projects in various locations across Ras Al ....

Ras Al Khaimah , Ras Al Khaymah , United Arab Emirates , Al Zaabi , Abu Dhabi , Al Reem , Amina Al , Abdulaziz Abdullah Al Zaabi , Rak Properties , Abdullah Al Zaabi , Marbella Villas , Mina Al Arab , Julphar Residence , ராஸ் அல் கைமா , ஒன்றுபட்டது அரபு அமீரகங்கள் , அல் ஜாபி , அல் ரீம் , மினா அல் , ரேக் ப்ராபர்டீஸ் , அப்துல்லா அல் ஜாபி , மார்பெல்லா வில்லாக்கள் , மினா அல் அரபு ,

RAK Properties reports higher profit as revenue grows

Mina Al Arab is the company s flagship Dh10 billion development consisting of a pair of islands off the Ras Al Khaimah coast. A pair of new resort hotels – a 350-room Intercontinental and a 306-room Anantara property will open this year and next, respectively, the developer said.
This will improve the overall revenue stream by providing recurring income once opened.
The company expects to hand over the Marbella Villas project at Mina Al Arab containing 205 villas and townhouses, including some waterfront properties, this year. Its Julphar Residence project containing 266 apartments on Abu Dhabi s Reem Island is also due for handover in 2021, the company said. ....

Ras Al Khaimah , Ras Al Khaymah , United Arab Emirates , Abu Dhabi , Abuz Aby , Abu Dhabi Reem , Al Marsa , Cavendish Maxwell , Colliers International , Mena Hotel , Abu Dhabi Securities Exchange , Gateway Residence , Raha Island , Mina Al Arab , Mohammad Al Qadi , Marbella Villas , Julphar Residence , Reem Island , Mena Hotel Forecasts , Michael Fahy , ராஸ் அல் கைமா , ஒன்றுபட்டது அரபு அமீரகங்கள் , அல் மார்சா , கேவன்டிஷ் மேக்ஸ்வெல் , கோலியர்கள் சர்வதேச , மெனா ஹோட்டல் ,