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About Developer

RAK Properties

Projects 1
Founded in 2005 y.
Price from 780,000 AED
RAK Properties

Latest Projects

About the developer

RAK Properties was founded in 2005 by Sheikh Saud bin Saqr Al Qasimi in Ras Al Khaimah. During its existence, the progressive construction and investment company has gained a firm foothold in the real estate market and has expanded its reach in the region.

The company aims to:

  • Focus on the needs of its clients
  • Implement projects in attractive areas
  • Execute non-standard approaches in construction

RAK Properties unleashes its creative potential through ongoing construction innovations. The company’s main objectives include implementing energy saving resources, maintaining the sustainability of an area, and providing good environmental conditions.

RAK Properties employs a team of highly skilled professionals, including entrepreneurs, designers, and builders. The company is led by its chairman Abdulaziz Abdullah Al Zaabi, who has 30 years of experience in business, banking, and real estate. The company has a capital of AED 2 billion (USD 544.5 million).

RAK Properties offers a variety of projects, such as residential complexes, hotels, and retail outlets. The company’s signature projects include Marbella Villas, Bermuda Villas, and Granada Villas in the Mina Al Arab beachfront community of Ras Al Khaimah. Units feature modern villas and townhouses. Other notable projects include Gateway Residences and Lagoon Views, which offers studios and apartments.

*The price is valid for 2023

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Popular projects

RAK Properties offers several properties in the emirate of Ras Al Khaimah. Additionally, the company is known for RAK Tower, a popular residential complex in Abu Dhabi. Located in the coastal area of Al Reem Island, the complex is a 43-storey building with a modern facade. It features a six-level car park, a large outdoor swimming pool, children’s play areas, a community garden, and recreational facilities.

RAK Tower has one- to four-bedroom apartments, penthouses, and four-bedroom duplexes. Apartments range in size from 1,000 sq. ft. (93 sq. m.) to 5,000 sq. ft. (465 sq. m.). Penthouses range in size from 4,605 sq. ft. (428 sq. m.) to 5,197 sq. ft. (483 sq. m.), and the size of a duplexe starts at 4,950 sq. ft. (460 sq. m.).

RAK Tower offers units at various prices. Apartments range in price from AED 780,000 (USD 212,000) to AED 4,950,000 (USD 1,348,000). Penthouses range in price from AED 4,350,000 (USD 1,184,000) to 5,000,000 (USD 1,361,000), and duplexes have a starting price of 5,000,000 (USD 1,361,000).

Al Reem Island is a popular investment location in the capital of the UAE. The area features many good investment opportunities. The return on investment rate for a studio is 8.7%. The return rate for a one-bedroom apartment is 7.2%, and the return rate for a two-bedroom apartment is 6.6%. Investors can opt to rent out a three, four, or five-bedroom residential property and get a return rate between 5.2% and 6.4%.

*The price is valid for 2023

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