Rak Properties Co Public Jsc

What Rak Properties Co Public Jsc does

RAK Properties PJSC is a government-backed public real estate developer listed on the Abu Dhabi Stock Exchange since 2005 under ticker RAKPROP, operating primarily in Ras Al Khaimah, UAE. The company develops, invests in, and manages residential, mixed-use, and hospitality real estate projects through two flagship masterplans: Mina (comprising Mina Al Arab, Hayat Island, and Raha Island) and The Strand at Marjan Beach. Its portfolio includes more than a dozen active residential products — apartments, villas, townhouses, penthouses, and branded residences (Four Seasons, Armani, Anantara) — with 5,000+ units under construction and individual projects ranging from 13 units (Beach House) to 888 units (Quattro Del Mar).

The company operates four revenue streams: one-time property sales recognized at handover (Q1 2026: AED 278 million), recurring leasing income from owned residential and retail assets, hospitality operations (InterContinental Ras Al Khaimah Resort and Spa with 351 keys at 61% occupancy and Anantara Mina Ras Al Khaimah Resort with 174 keys at 63% occupancy, together generating AED 54 million in Q1 2026), and recurring community service fees for utilities, maintenance, and security. Distribution combines direct sales offices in Dubai Business Bay and Mina, an international broker network via broker.rakproperties.ae, international roadshows (e.g., Second Home 2026 in the Netherlands), and digital self-serve channels including an eServices customer portal with iOS/Android mobile apps, a Broker Portal, and a Supplier Portal.

As of Q1 2026, RAK Properties reported total assets of AED 8.82 billion, capital and reserves of AED 5.98 billion, and a development backlog of AED 3.44 billion. The company's competitive positioning is reinforced by sovereign backing from the Government of Ras Al Khaimah, ISO certifications (9001, 14001, 27001, 45001), LEED certification targeting, and strategic adjacency to the upcoming Wynn Resort via purpose-built Wynn Bridge. Under the leadership of CEO Sameh Muhtadi and Chairman Abdulaziz Abdullah Al Zaabi, the company is executing an aggressive pipeline expansion including The Strand masterplan (AED 12 billion anticipated gross sales value across 186,000 sqm) and 1,400 planned home handovers in 2026.

Name

Rak Properties Co Public Jsc

Legal name

RAK Properties PJSC

Website

https://rakproperties.ae

Company type

Public

Founded year

2005

Operating status

Operating

Short description

RAK Properties PJSC is a government-backed, Abu Dhabi-listed real estate developer building residential, branded-residence, mixed-use, and hospitality masterplans — primarily Mina and The Strand — in Ras Al Khaimah, UAE, serving individual buyers, investors, and tourists.

Ownership category

akta.pro rank

Headquarters

HQ city

Ras Al Khaimah

HQ country

United Arab Emirates

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Property Sales: One-time sales of residential units including apartments, villas, townhouses, and penthouses. Revenue recognized at handover stage. The company reports AED 278 million Q1 2026 revenue from property sales across multiple projects.
2. Hospitality Operations: Revenue from hotel operations including InterContinental Ras Al Khaimah Resort and Spa (351 keys) generating AED 29 million with RevPAR of AED 585, and Anantara Mina Ras Al Khaimah Resort (174 keys) generating AED 25 million with RevPAR of AED 912.
3. Leasing: Rental income from leased properties including villas, townhouses, buildings, apartments, penthouses, shops and retail areas. The company offers lease agreements with flexible payment installments.
4. Community Services: Service fees for utilities (electricity, water, sewage collection, cleaning, maintenance of common areas, landscape maintenance, security services, garbage collection) charged annually with flexible installment options.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

RAK Properties PJSC is a publicly listed property developer in Ras Al Khaimah, UAE that develops, invests in, and manages residential, mixed-use, and hospitality real estate across master-planned communities such as Mina and The Strand. The company sells apartments, villas, townhouses, penthouses, and branded residences; operates hotels and resort assets; and provides leasing, community management, and ancillary hospitality F&B venues.

Product overview

RAK Properties is a real estate development company offering a diversified portfolio of residential properties and masterplan communities in Ras Al Khaimah, UAE. The company operates primarily through two masterplan destinations: Mina (comprising Hayat Island and Raha Island within Mina Al Arab) and The Strand at Marjan Beach. Individual residential products span multiple price points and unit types, including branded residences (Anantara), standard apartments (Bay Residences, Bayviews, Cape Hayat, Quattro Del Mar, Mirasol), townhouses (Granada II), beachfront houses (Beach House), and mixed-use towers (Edge, Skai, Solera, Nura, ENTA Mina, Mirasol II). Hospitality operations include the InterContinental Ras Al Khaimah Resort and Spa and Anantara Mina Ras Al Khaimah Resort. Digital services include an eServices customer portal with mobile apps, a Broker Portal, and a Supplier Portal. The company also provides community management, leasing, and property maintenance services.

Differentiator

Problem solved

Functional benefit

Brands

• The Strand: A master-planned destination at Marjan Beach with anticipated gross sales value of AED 12 billion, covering approximately 186,000 square meters.
• Mina

Products and services

• Lunara on The Strand 583-home residential project within The Strand masterplan at Marjan Beach, featuring three connected towers with 1-2 bedroom apartments and 3-bedroom penthouses (49,500 sqm GFA), part of AED 12 billion masterplan.
• The Strand Master-planned destination at Marjan Beach district covering approximately 186,000 square meters with anticipated gross sales value of AED 12 billion, designed by Chapman Taylor.
• Mina Flagship masterplan combining urban living with island tranquility in Ras Al Khaimah, featuring residential options, hospitality, retail, and recreational activities across Hayat Island and Raha Island within Mina Al Arab.
• Bay Residences 648-unit apartment complex on Hayat Island, Mina Al Arab, with 1-3 bedroom units (538-3638 sq ft), ocean views, and completion expected Q4 2025.
• Bayviews 344-unit urban island residential complex in Mina Al Arab with 1-2 bedroom units (417-2019 sq ft), beachfront living, completion February 2026.
• Beach House 13-unit exclusive collection of 2-3 bedroom beachfront houses on Hayat Island with 2224-4473 sq ft, private beach access, completion Q2 2026.
• Cape Hayat 678-unit residential collection on Hayat Island with studio, 1-4 bedroom apartments and penthouses (466-6,889 sq ft), completion Q3 2026.
• Quattro Del Mar 888-unit development with four interconnected towers in Mina Al Arab, featuring 1-3 bedroom units and duplexes (401-4583 sq ft), completion Q4 2026.
• Edge 237-unit residential development on Raha Island with studios to 2-bedroom apartments and penthouses (375-1582 sq ft), completion Q2 2027.
• Mirasol 339-unit resort-inspired island sanctuary with studios, 1-2 BR apartments, 3 BR duplexes and penthouses (387-3925 sq ft), completion Q1 2028.
• Anantara Residences Branded residences in the splendour of Mina, associated with the Anantara hospitality brand.
• Skai Stylish residences in Mina's Harbour district on Raha Island.
• Nura A refined residential address shaped by light, rhythm and harbour calm.
• Solera Residential community in Downtown Mina.
• ENTA Mina Residential offering quietly revealed in Mina.
• InterContinental Ras Al Khaimah Resort and Spa 351-key resort on Hayat Island, Mina, operating as part of IHG portfolio with 61% occupancy, AED 29 million revenue, and RevPAR of AED 585 in Q1 2026.
• Anantara Mina Ras Al Khaimah Resort 174-key luxury resort performing ahead of target with 63% occupancy, AED 25 million revenue, and RevPAR of AED 912 in Q1 2026.
• Leasing Services Property rental services for villas, townhouses, apartments, penthouses, and retail spaces, with flexible payment installments on lease agreements.
• Community Management Services Utilities management (electricity, water, sewage), cleaning, maintenance, landscaping, security, and garbage collection services for community residents, charged annually with flexible installment options.

Quantifiable outcome

• Q1 2026 Revenue of AED 278 million with profit before tax of AED 43.72 million
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Bar Du Port BeachminorStrategic or Co-development Partner · 1 February 2026Iconic beach club, restaurant and bar opened at Mina end of February 2026, representing hospitality F&B expansion and recurring revenue portfolio contributor.
• Wynn ResortcoreStrategic or Co-development PartnerThe Strand masterplan is strategically positioned with bridge access to the upcoming Wynn Resort, the UAE's first integrated destination connected to the mainland by the purpose-built Wynn Bridge. This partnership provides significant tourism and residential demand for The Strand developments.
• Four Seasons Hotels and ResortscoreStrategic or Co-development PartnerFour Seasons Private Residences project at Mina with concept masterplan finalized. This branded residences partnership represents a key strategic advantage for RAK Properties in the luxury hospitality segment.
• Armani Beach ResidencescoreStrategic or Co-development PartnerArmani Beach Residences Ras Al Khaimah at Mina with groundwork officially underway including contractor appointment for core beach works. Premium branded residence partnership.
• Hunter & BarrelminorChannel Partner/ Reseller/ DistributorRenowned hospitality brand set to open at Mina later in 2026 as part of F&B expansion strategy.
• TashasminorChannel Partner/ Reseller/ DistributorRenowned hospitality brand set to open at Mina later in 2026 as part of F&B expansion strategy.
• Chapman TaylorcoreStrategic or Co-development PartnerGlobal architecture firm awarded design works for The Strand masterplan covering approximately 186,000 square meters.
• InterContinental Ras Al Khaimah Resort and SpacoreStrategic or Co-development Partner351-key hotel on Hayat Island, Mina generating AED 29 million revenue with RevPAR of AED 585 and 61% occupancy in Q1 2026. Part of IHG portfolio.
• Anantara Mina Ras Al Khaimah ResortcoreStrategic or Co-development Partner174-key resort performing ahead of target with 63% occupancy generating AED 25 million revenue and RevPAR of AED 912 in Q1 2026.

Scale indicators18 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Aldar Properties: Abu Dhabi-based publicly listed developer (ADX: ALDAR) developing master-planned communities including Yas Island and Saadiyat Island. Directly comparable as an ADX-listed UAE developer with government backing, hospitality operations, and similar mixed residential/hospitality/community-services business model.
• DAMAC Properties: Dubai-based developer listed on DFM with branded-residence partnerships (including luxury hospitality brands) and master-plan communities. Highly comparable through its branded-residence strategy and luxury positioning, though focused on Dubai rather than Ras Al Khaimah.
• Nakheel: Master-developer of iconic Dubai communities including Palm Jumeirah and The World Islands, now under Dubai Holding. Comparable as a UAE masterplan developer with hospitality assets and residential development, though no longer publicly traded.
• Dubai Properties: Dubai Holding subsidiary developing master-planned communities such as JBR, Business Bay, and Dubai Creek Harbour. Comparable as a UAE developer of integrated residential/hospitality/retail communities with similar product mix and recurring community-services operations.
• Meraas: Dubai Holding subsidiary developing lifestyle destinations including Bluewaters Island, La Mer, and City Walk. Comparable through its masterplan-community approach combining residential, hospitality, retail, and F&B within integrated destinations.

Regional players

• Reportage Properties: UAE-based developer with significant operations in Abu Dhabi and Ras Al Khaimah including Al Marjan Island projects. Directly comparable as it competes in the same Ras Al Khaimah market and masterplan districts where RAK Properties operates.
• Sharjah Asset International: UAE-based developer operating in adjacent Sharjah emirate with government backing. Comparable as a regionally-focused UAE developer with master-planned communities, though smaller in scale and focused on Sharjah rather than Ras Al Khaimah.
• Marjan Island Resort & Tourism Development Company: Master-developer of Marjan Island in Ras Al Khaimah, the zone in which RAK Properties' The Strand masterplan is located. Directly comparable as the underlying master-developer governing the same geographic area where RAK Properties is executing its AED 12 billion pipeline.

Broad incumbents

• Emaar Properties: Largest UAE-listed real estate developer (DFM: EMAAR), operating masterplan communities like Downtown Dubai and Dubai Marina. Highly comparable as a publicly listed Gulf developer with mixed residential, hospitality, and retail assets, though Emaar's scale and Dubai-centric footprint is substantially larger than RAK Properties.

Emerging players

• Imkan Properties: Abu Dhabi-based boutique developer of master-planned communities such as Makers District on Reem Island. Comparable as an emerging UAE masterplan developer with branded-residence partnerships, though at smaller scale than RAK Properties.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/rakpropofficial
• Facebookfacebook.com/RakProperties
• LinkedInlinkedin.com/company/rak-properties
• Instagraminstagram.com/rakpropofficial

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rak Properties Co Public Jsc