Member Options
Login Register Why Register ? Forgot Password Activate Account

Property Search

Type All Apartment Penthouse Duplex Triplex Loft apartment Condo Town houses Villa Farm house Beach house Shop Office Unit Office Floor Retail Unit Restaurant Plot Bedroom All Nill Studio 1 2 3 4 5 6 7 8 8+ Area All Less than 500 Sq.Ft 500 to 1000 Sq.Ft 1000 to 1500 Sq.Ft 1500 to 2000 Sq.Ft 2000 to 2500 Sq.Ft 2500 to 3000 Sq.Ft 3000 to 3500 Sq.Ft 3500 to 4000 Sq.Ft 4000 to 4500 Sq.Ft 4500 to 5000 Sq.Ft More than 5000 Sq.Ft Price All Less than 500K AED 500K to 1000K AED 1000K to 1500K AED 1500K to 2000K AED 2000K to 2500K AED 2500K to 3000K AED 3000K to 3500K AED 3500K to 4000K AED 4000K to 4500K AED 4500K to 5000K AED More than 5000K AED

Real Estate News
Azizi Investments confirmed purchase of land at Mina Rashid Arabtech Construction to construct Dubailand Project Radisson SAS Residence, Dubai Marina opens luxury apartments Etihad launches daily flights to Chennai and Kozhikode Bab Al Bahr Office Tower launched by Rakeen

Record net profits by RAK Properties announced

- October 16, 2006, 7:58 pm

RAK Properties PJSC, Ras Al Khaimah’s largest property developer, has announced record net profits for the 9-month period ending September 30, 2006 of AED 376.6 million, accounting for 18.8 per cent of the company’s capital of AED 2 billion.

This stands the company’s assets at AED2.531 billion for the same period.

The Company’s projects met business targets, which ensured sustained growth in the business and increase in shareholder value. RAK Properties has thus firmly established itself as the premier real estate company in the Emirate of Ras Al Khaimah.

‘RAK properties has managed yet again to prove its commitment to its shareholders, aligned with His Highness Sheikh Saud Bin Saqr Al Qasimi, the Crown Prince and Deputy Ruler of Ras Al Khaimah’s vision,’ said Mohammad Sultan Al Qadi, Managing Director of RAK Properties. ‘The 9-month results reflect the strength that’s indicative of RAK Properties’ basics,’ added Al Qadi.

The company launched its first project, Julfar Towers (a 43-storied twin office and residential project at a cost of AED500 million) in February 2006 followed by Mina Al Arab (spread over 30 million sq. feet at a cost of AED 10 Billion) in May 2006. The presence of such world-class projects allows RAK properties to feel confident about the future of the company and Ras Al Khaimah alike.

‘As a company committed to its shareholders, we want to go the extra mile and enhance investor confidence through value-added projects,’ concluded Al Qadi.

Related News

RAK Properties signs contract with Darwish

Properties in Dubai are actually 99 years leasehold!

Contract signed for dredging work of Rakeen in RAK

Al Qudra Real Estate and RAK Properties sign at Cityscape

RAK Properties assigns Woods Bagot for ‘Mina Al Arab’

Latest News

Dubai Property Prices to fall by 2011

Tamweel announced that it expects higher growth in 2008

Realty Capital cooperates with Al Naboodah to boost i-Rise

Nakheel partners with US food retailer Balducci’s

JCA Real Estate reveals Dhs252m residential Emerald Tower

News Archive

Currency Converter
From : U.A.E. Dirham Euro Pound Sterling U.S. Dollar To : U.A.E. Dirham Euro Pound Sterling U.S. Dollar