Ras Al Khaimah is capitalizing on the current real estate boom, particularly in upscale hotels and serviced apartments, by introducing the new "Raha Island" destination. This project is situated in Mina Al Arab and is spearheaded by the master developer, RAK Properties. Raha Island will feature an array of amenities including extensive retail spaces, marinas, beach clubs, and numerous...

In a recent development unveiled on Tuesday, the Ras Al Khaimah government has significantly increased its stake in RAK Properties, raising it from a modest 5% to a substantial 34%. Read this also : Unlocking Freedom: 4 Criteria for Applying for the UAE Green Visa as a Skilled Worker This strategic decision was ratified during the company's annual general meeting held on March 20. The shareholders...

In a significant development, the Ras Al Khaimah government has elevated its ownership of RAK Properties from 5% to 34%, marking a strategic move to bolster the emirate's top real estate player. During the company’s annual general meeting on March 20, shareholders approved a substantial capital increase through the issuance of 920 million new shares, each with a nominal value...