Ras Al Khaimah, United Arab Emirates – Ras Al Khaimah Real Estate Company’s revenues amounted to 774.79 million dirhams during the first half of this year. There was a noticeable increase in net profit by 80% to reach 160.6 million dirhams. This is compared to 89.06 million dirhams in the first half of last year.
Record Sales for “Mina” Project Drive Growth
The financial results for the first six months of 2025 announced by the company today reflect a clear upward trajectory. This was driven by strong growth and strong sales in the leading and rapidly developing port destination.
The company’s data indicated a 101% increase in sales value to reach 1.4 billion dirhams. This is compared to 703 million dirhams last year. As a result, the value of the company’s development projects amounted to 2.624 billion dirhams. These projects are a clear indicator of future revenues and stable cash flows. This was an increase of 42% on an annual basis.
This growth was reinforced by a 59% increase in the number of units sold, reaching 788 units. This is a key indicator of strong demand and continued positive attractiveness across Ras Al Khaimah Real Estate Company’s asset and project system. Overall, these results reflect the company’s high operational efficiency and increasing attractiveness. The company has also been able to enhance its market share, making it a preferred destination for buyers and investors in one of the fastest growing real estate sectors in the UAE.
The company has made significant progress across its portfolio of residential and hospitality projects. Operating profits for the first half of the year increased by 47% to AED 204.15 million, compared to AED 138.51 million last year. Earnings before interest, taxes, depreciation, and amortization also increased by 42% during the first half, reaching 239.25 million dirhams.
According to company data, total registered assets increased by 3.5% to reach 8.29 billion dirhams. There was also a 3% increase in capital and reserves to reach 5.7 billion dirhams.
Strategic Vision to Enhance Ras Al Khaimah’s Position as a Global Real Estate Hub
Abdulaziz Abdullah Al Zaabi, Chairman of Ras Al Khaimah Real Estate Company, said that these strong results embody exceptional growth and a forward-looking strategic vision. This vision leads the company’s journey and the Emirate of Ras Al Khaimah as a whole. They also highlight the exceptional attractiveness of the Emirate of Ras Al Khaimah as a real estate destination and a leading investment center. This reflects the emirate’s diversified economy, its supportive environment for investors, and the growing population. There is a growing demand for a modern lifestyle that combines urban housing with the charm of waterfronts. The “Port” project focuses as a beating heart for this vision. It includes world-class resorts and witnesses the development of distinctive hotels and residential facilities. These enhance the emirate’s position as an attractive destination for investments and luxury tourism worldwide. This, in turn, contributes to shaping new features of Ras Al Khaimah’s coasts and urban horizon.
For his part, Sameh Mohtadi, CEO of Ras Al Khaimah Real Estate Company, said that the results of the first half of the year show remarkable progress for the company. Our success is evident in the continuous flow of available assets, the rise in sales numbers, and the growing global interest in Ras Al Khaimah as a leading destination for living and investment. Ras Al Khaimah Real Estate has established itself as an engine of economic growth for the emirate this year. This success was supported by disciplined operations and managed with extensive expertise across diverse projects. These include new residential projects and the announcement of international hotels.
