RAK Properties
Projects, delivery record and what to check before you reserve.
- Founded
- 2005
- Builds in
- RAK
- Segment
- Premium
Illustrative image
RAK Properties' delivery record
Ras Al Khaimah's listed, government-backed developer, master developer of the Mina waterfront community and its InterContinental and Anantara resorts.
Completed landmarks
- Mina
- InterContinental Ras Al Khaimah Resort and Spa
- Anantara Mina Ras Al Khaimah Resort
- Bay Residences
- Granada
- Marbella
- Flamingo
- Malibu
- 2025 sales
- AED 3.36 billion
- 2025 net profit
- AED 404 million
- Homes ready for handover in 2026
- 1,400+ (company target)
- Sales backlog, September 2026
- AED 3.18 billion
- Founded
- 2005
- Builds in
- Ras Al Khaimah
- Segment
- Premium
- Legal name
- RAK Properties PJSC
- Headquarters
- Ras Al Khaimah
- Ownership
- Listed on the Abu Dhabi Securities Exchange (ADX: RAKPROP); the Government of Ras Al Khaimah is a shareholder and increased its stake in 2024
- Official site
- rakproperties.ae
RAK Properties developments
No RAK Properties developments are listed at the moment
An adviser can send RAK Properties' current launches with prices, payment plans and handover dates.
Buying from RAK Properties
What to check before you reserve, and what they do well.
What to check before you buy
- Sales slowed sharply in 2026: 260 units in nine months, against record sales the year before. Resale liquidity in Ras Al Khaimah is thinner than in Dubai at the best of times.
- Its handover forecast for 2026 was cut during the year, from nearly 2,000 units in February to more than 1,400 by November, with almost half of that weighted to the fourth quarter. Check the status of your specific building.
- More than 5,000 homes are in planning or construction at Mina, and much of the demand case rests on the Wynn resort opening in 2027. Buyers are exposed to both the supply and that single catalyst.
- The newest branded launches (Armani, Four Seasons, Anantara residences) are at early stages. They are a different product from the mid-market apartments the company has delivered to date.
- Hotel occupancy at its two Mina resorts was 61% to 63% in the first quarter of 2026, which is relevant if you are relying on holiday-let income.
What RAK Properties does well
- Listed on ADX with quarterly reporting and the Government of Ras Al Khaimah as a shareholder; net debt to equity was under 10% at the end of 2025.
- Mina is an existing community with residents, two operating international resorts and restaurants, not a bare site.
- Documented deliveries: 356 homes handed over and 748 made available for handover in the first nine months of 2026.
- Holds its prices: management said in November 2026 that it had not discounted, with average rates steady near AED 1,916 per sq ft.
- A large land bank at Mina and Marjan Beach, about 925,000 sq m undeveloped, so it does not depend on buying land at today's prices.
About RAK Properties
RAK Properties marked its twentieth anniversary in 2025 and is listed on the Abu Dhabi Securities Exchange under the ticker RAKPROP. The Government of Ras Al Khaimah is a shareholder and raised its stake in 2024. As a listed company it reports every quarter, which gives buyers more to go on than with most developers in the northern emirates.
Nearly everything it builds is in one place: Mina, its master-planned waterfront community of islands and lagoons on the Ras Al Khaimah coast, where it also owns the InterContinental resort (351 keys) and the Anantara Mina resort (174 keys). Homes range from apartments in buildings such as Bay Residences and Gateway to villas and townhouses in Granada, Marbella, Malibu and Flamingo. Since 2025 it has moved up-market with branded schemes, including Anantara residences, Armani Beach Residences Ras Al Khaimah and a planned Four Seasons resort and private residences, and it has a second site, The Strand at Marjan Beach, with bridge access to the Wynn resort that is due to open in 2027.
The company launched AED 5.4 billion of projects in 2025 and reported record sales of AED 3.36 billion, revenue of AED 1.84 billion and net profit of AED 404 million. 2026 has been slower. In the first nine months it sold 260 units for AED 476 million and net profit was AED 111 million; management cited regional volatility and a recalibrated launch calendar, said it had chosen not to discount, with average selling rates holding near AED 1,916 per sq ft, and said it was exploring more flexible payment structures. Lunara, the first community at The Strand, was announced in March 2026, and in November the company put its sales launch, and that of the Four Seasons residences, in 2027.
Delivery is the main story of 2026. In the first nine months the company handed over 356 homes and made 748 available for handover across Bay Residences 2, Granada Extension and Bay Views. A further 691, including Beach Houses and Cape Hayat, were expected to be ready in the fourth quarter, taking the year's total to more than 1,400. That would be its largest year. It is also fewer than the "nearly 2,000 units" it forecast in February 2026, so the schedule has moved during the year.
Where RAK Properties builds
RAK Properties: questions buyers ask
Is RAK Properties a reliable developer?
RAK Properties is listed on ADX, counts the Ras Al Khaimah government among its shareholders, carries little debt and is completing more than 1,400 homes for handover in 2026. Its handover forecast was reduced during the year and sales have slowed, so check the timetable for your specific building.
Who owns RAK Properties?
It is a public company listed on the Abu Dhabi Securities Exchange under the ticker RAKPROP. The Government of Ras Al Khaimah is a shareholder and increased its stake in 2024.
Where does RAK Properties build?
In Ras Al Khaimah. Almost all of its homes are at Mina, its waterfront master community, and it has a second site, The Strand at Marjan Beach, where the first sales are planned for 2027.
What payment plans does RAK Properties offer?
Plans are set per project. In its 2026 results commentary the company said it was not discounting but was exploring more flexible payment structures, so ask for the current schedule and compare it with earlier phases.
How many homes is RAK Properties handing over in 2026?
The company's target, restated in November 2026, is more than 1,400 homes ready for handover by the end of the year. In the first nine months it handed over 356 and made 748 available for handover, with 691 more expected in the fourth quarter.
Buying from RAK Properties?
Current availability, how their payment plans work, and which projects we rate.
- Current price list and availability, direct from the developer
- No fee to you on off-plan purchases: the developer pays us
- One salaried adviser, not on commission, from first call to handover
