Founded in 2005 under the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, RAK Properties was created to accelerate economic and community development in Ras Al Khaimah, UAE . The company went public that year with an IPO oversubscribed nearly 57 times—an early signal of investor confidence.

Since then, they’ve matured into Ras Al Khaimah’s leading real estate developer across residential, commercial, and hospitality sectors . Their standout strategy is delivering master‑planned, community‑centric developments—like the scenic Mina Al Arab —where they govern not just buildings, but public spaces, walkways, cafés, and greenways to foster a seamless living experience.

Financially, the firm is on solid footing. 2023 saw record revenue and profits, low leverage, and a strong pipeline: AED 5 billion of new developments across around a dozen projects in 2024–25 . A recent land‑swap deal boosted government ownership to about 34%, granting closer collaboration with public stakeholders.
Hospitality has become a core vertical: InterContinental RAK Resort (2022) and Anantara Mina Al Arab (2024) anchor their branded residential offerings; a Four Seasons is also in the pipeline . Their resorts boast strong occupancy, and luxury residences are linked to hotel rental pools—a savvy blend of lifestyle and investment appeal.

Geographically, their focus lies in Ras Al Khaimah, especially coastal zones with 17 km of waterfront and protected mangroves . Yet their ambition is broader: they’re courting global investors and tying into UAE’s Vision 2030 goals, with interests growing in tourism, commercial zones, and infrastructure connectivity.

At the helm is CEO Sameh Al Muhtadi, a seasoned international real estate professional with engineering and industrial management credentials from George Washington University. His leadership embodies the firm’s values—community focus, sustainability, accountability, and design excellence.