Dubai: RAK Properties PJSC provided a net income of Dh114 million in 2020, in comparison to Dh93 million in 2019.
The company provided a rise in its total advantages from Dh5.6 billion informed by the end of 2019 to Dh5.8 billion in 2020.
“RAK Properties performance in 2020 reflects our ability to deal with challenges during these exceptional pandemic circumstances which cast a shadow over all sectors and affected them directly and indirectly,” said Mohammed Sultan Al Qadi, Managing Director of RAK Properties.
Al-Qadi provided in spite of the challenges, RAK Properties informed initiatives that align with the government’s efforts to help all the investors stakeholders in the long term. As a result, the Mina Al Arab community carried on to lure in investors and end-users who looked for heaven, highest safety, and security measures were updated in respect to the guidelines put forward by the concerned authorities.
In the period, RAK Properties informed the handover of Getaway Residence and commenced the sales of “Al Marsa Plots” a residential waterfront plot situated in Ras Al Khaimah. The company also registered construction progress at its beachfront development Marbella Villas and at its very important Intercontinental Mina Al Arab Hotel and Resort, and Anantara Mina Al Arab Hotel & Resort.
