RAK Properties, one of the UAE’s leading property development and tourism infrastructure companies, is collaborating with leading international British architectural design firm RMJM to create a unique take on outdoor entertainment on Hayat Island at Mina Al Arab, Ras Al Khaimah that aims to create a destination in which to visit and live.
Ras Al Khaimah-based property developer RAK Properties has approved an increase of cash dividends to six percent for 2017.
In the first half of this year (H1), RAK Properties achieved revenue surpassing AED211 million (USD57.45 million), while net profit soared 59 percent year-on-year to AED62 million (USD16.88 million).
Bermuda Villas, the latest residential development of RAK Properties as part of the Mina Al Arab project, has been delivered to its new owners, meeting the rising demand for luxury properties in Ras Al Khaimah.
RAK Properties has authorised the distribution of five percent cash dividends, following the approval of its business activities and financial position at its annual general meeting held on March 18 at Marjan Double Tree by Hilton in Ras Al Khaimah.