Who Are RAK Properties?
RAK Properties (PJSC) was founded in 2005 and listed on the Abu Dhabi Securities Exchange (ADX) in 2006, making it the only publicly traded real estate developer in Ras Al Khaimah. Listed company status brings a set of investor protections that private developers cannot match: quarterly financial reporting, regulatory oversight by the UAE Securities and Commodities Authority, and institutional shareholder scrutiny that creates real accountability for delivery and financial management.
The company's largest shareholders include the Government of Ras Al Khaimah — which holds a significant stake — providing an additional layer of institutional confidence. RAK Properties is not a project-based developer that disappears between launches; it is a permanent fixture in the emirate's real estate landscape with ongoing obligations to shareholders, regulators, and the public market.
Mina Al Arab — The Flagship
Mina Al Arab is RAK Properties' largest and most established master-planned community — a phased waterfront development along RAK's natural coastline featuring apartments, villas, townhouses, hotels, retail, and a natural mangrove preserve. With multiple phases delivered over more than 15 years, Mina Al Arab is one of the most proven residential communities in the emirate — a place where people have been living, happily, for years.
The community benefits from natural mangrove views, direct beach access, RAK Properties' own hotel (Rixos Bab Al Bahr), schools, and an established retail offering. Sub-communities within the masterplan include Bay Residences, Lagoon Views, and Gateway Residences — each targeting slightly different buyer profiles within the broader Mina Al Arab ecosystem.
RAK Properties is listed on the ADX — the only RAK developer with mandatory quarterly reporting and public accountability.
Hayat Island — The Flagship Expansion
Hayat Island is RAK Properties' most ambitious new development — a large-scale waterfront masterplan directly adjacent to Mina Al Arab, anchored by the DoubleTree by Hilton Resort, Ras Al Khaimah — Marjan Island. The island is being developed in phases with a range of residential typologies, building on the proven Mina Al Arab model but with newer design standards, premium amenities, and the Hilton brand as a hospitality anchor.
Recent launches on Hayat Island include Azure Residences and Raha — waterfront apartment communities with direct beach access, pools, and direct connectivity to the Hilton resort's amenities. The combination of listed developer credibility, operating hotel anchor, and natural waterfront positioning makes Hayat Island one of RAK's most fundamentally sound investment addresses.
Financial Strength
As a listed company, RAK Properties' financials are public record. The company has reported consistent revenue growth aligned with RAK's broader real estate boom, with a growing backlog and delivery pipeline. For investors who want to buy from a developer they can research — balance sheet, revenue, debt levels — RAK Properties offers a transparency that no private RAK developer can match.
At a Glance
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The Honest Verdict
RAK Properties is the most institutionally credible developer in Ras Al Khaimah — full stop. The combination of ADX listing, government shareholding, 15+ year delivery track record, and transparent financials creates a risk profile that no private RAK developer can match. Mina Al Arab is proof of concept: a completed, occupied, well-managed community that people have chosen as their long-term home. Hayat Island extends that proven playbook with newer product in a more exciting location. For buyers who want RAK exposure with maximum developer credibility, RAK Properties is the answer.