RAK Properties

Logotype for RAK Properties
Ticker/ISIN
RAKPROP
AER000601016
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
1.35 AED
2024-02-21

Year to date

0.15 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

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5 years

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Latest Pressrelease Summaries

RAK Properties, a leading property developer in Ras Al Khaimah, UAE, has expanded its partnership with Minor Hotels to introduce Anantara Branded Residences on Mina al Arab. The agreement was signed during the Future Hospitality Summit, aligning with RAK Properties' strategy to integrate international hospitality brands and enhance Ras Al Khaimah's appeal for luxury living and tourism. The development will feature 94 residential apartments and 20 overwater villas, designed by JT&P. This project aims to offer high-end living with amenities like private infinity pools and direct shoreline access. Both companies emphasize their commitment to sustainable and luxury developments, reinforcing Mina Al Arab as a premier global destination. Their initial collaboration resulted in the award-winning Anantara Mina Al Arab Ras Al Khaimah Resort, which has achieved LEED Gold certification for its eco-friendly practices.
RAK Properties, a leading property developer in Ras Al Khaimah, UAE, announced its participation in Ru’ya Careers UAE 2024, a career fair dedicated to Emirati nationals. The event, held from September 24 to 26, serves as a platform for RAK Properties to engage with Emirati professionals interested in the real estate sector. At the fair, the company will offer insights into career opportunities, its developments, and its commitment to nurturing local talent. RAK Properties is actively recruiting for various roles and emphasizes its Emiratisation initiatives, including the Intelaq and Masaar programs, which aim to develop Emirati employees and graduates. Last year, Emiratis made up 19% of the company's workforce, with 83% of them being female. CEO Sameh Muhtadi highlighted the company's focus on developing national talent and its efforts to attract new professionals. The RAK Properties booth will be located in Zabeel Hall 6, showcasing its projects and offering interaction with company leaders.
RAK Properties and Anantara Mina Al Arab Ras Al Khaimah Resort celebrated Emirati Women’s Day on August 24, 2024, with an event honoring the achievements and dedication of Emirati women in various sectors such as entrepreneurship, engineering, and aviation. The event featured panel discussions where influential Emirati women shared their stories and insights on balancing professional ambitions with cultural values and the evolving role of women in fields like real estate, arts, and sports. Notable speakers included Moza Mohammed Majid Salem Al Zaabi, Mona Sulaiman Tajarbi, Shaima Ahli, and Alya Bin Meshar Almheiri. Both RAK Properties' CEO, Sameh Muhtadi, and Anantara Mina Al Arab Ras Al Khaimah Resort's General Manager, Ramsey Saarany, emphasized their commitment to empowering Emirati women and fostering an environment of diversity and inclusion. The event is part of RAK Properties' ongoing efforts to support and celebrate women's empowerment in the workplace and community.
Anantara Mina Al Arab Ras Al Khaimah Resort, developed by RAK Properties, has received LEED Gold certification for 2024, highlighting its commitment to sustainable luxury hospitality. Located on a private peninsula with natural mangroves, the resort was designed to minimize environmental impact through sustainable practices and eco-friendly materials. The resort features sustainable design, energy-efficient technologies, water conservation efforts, and thoughtful material selection, all of which contribute to reducing its ecological footprint while maintaining a luxurious experience for guests. This achievement aligns with Anantara's vision for sustainability and environmental preservation.
The Board of Directors of RAK Properties held a meeting on August 7, 2024, at 1:00 PM at Anantara Hotels. During the meeting, the Board approved the interim condensed consolidated financial statement for the six-month period ending on July 30, 2024.
Resolution No. (454) of 2024 temporarily suspends trading of RAK Properties shares on the Abu Dhabi Securities Exchange (ADX). The suspension will begin at 13:00 on August 7, 2024, coinciding with the RAK Properties Board of Directors meeting. Trading will resume once ADX receives the meeting results. The resolution mandates all ADX department heads to implement this decision and requires it to be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on August 5, 2024.
RAK Properties has scheduled a Board of Directors meeting on August 7, 2024, at 1:00 PM at Anantara Hotels. The agenda includes discussing and approving the interim financial statement for the six-month period ending June 30, 2024, along with other administrative matters.
RAK Properties, the largest publicly listed property developer in Ras Al Khaimah, UAE, has announced significant progress in its real estate projects in Mina Al Arab. The Bay Residences, comprising 661 apartments across four buildings, are sold out and construction is 75% complete, with handover on schedule. Bay Views, a 344-unit residential complex on Hayat Island, has completed enabling work and is 70% through its sub-structure. Recognized for its design, Bay Views offers views of the Arabian Gulf and Hajar Mountains. Cape Hayat, a luxury residential development with direct beach access, aligns with sustainability initiatives and is 65% through its sub-structure.

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News Update From RAK Properties

Disclosures: RAK Properties Unveiling the UAE’s Most Anticipated Resort – Anantara Mina Al Arab Ras Al Khaimah Resort is Now Open

The Anantara Mina Al Arab Ras Al Khaimah Resort has officially opened in the UAE. The 174-room resort is located on a private peninsula with golden sands and natural mangroves, offering views of the Hajar mountains and the Arabian Gulf. The resort offers various accommodations, including rooms and suites in the main building or traditional riads, all featuring private balconies or terraces. The resort also features the emirate's first over-water villas with outdoor decks, private plunge pools, and views of the Arabian Gulf and mangrove lagoon. The resort has six restaurants and bars, including the signature restaurant, Mekong.

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Disclosures: RAK Properties Engagement with BHM Capital Financial Services Company as Liquidity provider

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Disclosures: RAK Properties Sells Out First release of Quattro Del Mar.

RAK Properties PJSC, a publicly listed property developer in Ras Al Khaimah, has sold out the first release of its latest waterfront development, Quattro Del Mar. The project attracted significant demand due to its prime location and iconic architecture. Following the sellout, the company has released the next collection of residences, including studios, apartments, duplexes and townhouses. RAK Properties' CEO, Sameh Muhtadi, stated that the success was due to the lifestyle promise of luxury amenities, making Mina Al Arab a desirable residential address. The company's plans align with RAK Vision 2030, aiming to make Mina Al Arab a community-centric lifestyle destination.

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Disclosures: RAK Properties Elevates Island Living with the Unveiling of Quattro Del Mar in Mina Al Arab, Ras Al Khaimah.

RAK Properties has launched Quattro Del Mar, a new residential project on Hayat Island, Mina Al Arab, Ras Al Khaimah. The development, which includes four towers, offers a variety of investment opportunities including studio retreats, one-bedroom apartments, sky duplexes and garden townhouses. The project also features unique amenities and close proximity to the exclusive Nikki Beach Resort & Spa. The CEO of RAK Properties, Sameh Muhtadi, has expressed that the launch of Quattro Del Mar is in response to the increasing demand for investment opportunities in Ras Al Khaimah.

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Disclosures: RAK Properties Board Meeting Results held on 28/12/2023 at 16:00

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Disclosures: RAK Properties Announcement of Board Meeting to be held on 28/12/2023 at 16:00

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Disclosures: RAK Properties and IHG Hotels & Resorts expand strategic partnership with the introduction of ‘Staybridge Suites Mina Al Arab’ in Ras Al Khaimah

RAK Properties and IHG Hotels & Resorts have expanded their strategic partnership with the introduction of 'Staybridge Suites Mina Al Arab' on Hayat Island in Ras Al Khaimah. The 156-key development, designed for extended-stay business and leisure travellers, features studio, one and two-bedroom apartments, a fitness centre, restaurant areas, and direct beach access. The Staybridge Suites Mina Al Arab is located within walking distance of the InterContinental Ras Al Khaimah Resort and Spa. The announcement follows the successful partnership between IHG and RAK Properties since the opening of the InterContinental Ras Al Khaimah in 2022.

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ADX Disclosures: RAKPROP Resumption Notice

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Disclosures: RAK Properties Financial Results for the Period Ended September 30,2023

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Disclosures: RAK Properties Board of Directors' Report for the Period Ended September 30,2023

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