RAK Properties PJSC — Key Facts
| Founded | 2005 |
| Headquarters | Ras Al Khaimah, UAE |
| Listed On | Abu Dhabi Securities Exchange (ADX) |
| Major Shareholder | Government of Ras Al Khaimah |
| Sector | Real Estate Development |
| Key Projects | Mina Al Arab, Gateway Residences, Julphar Towers |
RAK Properties PJSC is one of Ras Al Khaimah’s leading real estate development companies. Listed on the Abu Dhabi Securities Exchange, the company develops residential, commercial, and hospitality projects across the UAE, with a primary focus on Ras Al Khaimah. RAK Properties is known for large-scale waterfront and mixed-use developments that have helped position RAK as an emerging real estate destination in the UAE.
Who Owns RAK Properties?
RAK Properties is a publicly listed company on the Abu Dhabi Securities Exchange (ADX). The Government of Ras Al Khaimah is the major shareholder, holding a significant stake through government-related investment entities. This government backing provides RAK Properties with strong financial support and preferential access to prime land in the emirate. The remaining shares are publicly traded and held by institutional and retail investors.
History and Background
RAK Properties was established in 2005, coinciding with the broader UAE real estate liberalization that allowed foreign nationals to purchase freehold property in designated areas. The company was created to spearhead the development of large-scale master-planned communities in Ras Al Khaimah, capitalizing on the emirate’s natural beauty — particularly its coastline, mountains, and mangroves — as a differentiator from Dubai and Abu Dhabi’s urban offerings.
Key Developments
RAK Properties’ flagship project is Mina Al Arab — a large waterfront development on the Arabian Gulf offering beachfront apartments, villas, and hotel residences. Other major projects include Gateway Residences and the iconic Julphar Towers in the city center, which form part of Ras Al Khaimah’s skyline. The company has also developed hotel-branded residences in partnership with major hospitality brands.
