Developer RAK Properties in Dubai

RAK Properties was established in 2008 under the auspices of the Ras Al Khaimah government, UAE. The company’s mission was to stimulate real estate and infrastructure development in the region and attract investments.

RAK Properties manages an extensive real estate portfolio, including residential, commercial, and entertainment properties. The company comprises various divisions such as RAK Residential, RAK Commercial, and RAK Hospitality, each specializing in specific market segments. Additionally, the company owns land parcels totaling over 10 million square feet for future developments.

RAK Properties focuses its construction efforts in key areas of Ras Al Khaimah, including Al Hamra Village, Al Nakheel, and Al Ghurair. These areas are renowned for their strategic locations, proximity to major transportation routes, and high levels of infrastructure, making them attractive for both living and business.

RAK Properties’ real estate offers high investment attractiveness. The average rental yield ranges between 7-9% annually, which is above the regional market average. The Ras Al Khaimah market continues to grow, with annual property price increases of approximately 5-6%, ensuring steady capital growth for investors.

Notable completed projects by RAK Properties include:
– Al Hamra Village – A large residential and commercial complex featuring over 500 homes and numerous commercial spaces.
– Tawel Al Ghurair – A modern residential neighborhood with high-end apartments and family-friendly amenities.
– Al Nakheel Mall – A major shopping and entertainment center attracting thousands of visitors daily.