RAK Properties PJSC (ADX: RAKPROP), Ras Al Khaimah’s pioneering publicly listed property developer, has today disclosed an exceptional financial performance for the fiscal year ended 31 December 2023.
RAK Properties more than doubles revenues on back of new residential launches zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
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%.