RAK Properties Reports Record Half-year Results
Leading property development firm RAK Properties PJSC has introduced record fifty percent year results, with revenues exceeding (AED 211 Million). The reported half-year figures disclose an increase from (AED 39 Million) to (AED 62 Million) in net make money from January to June 2017 - a boost of 59% compared to the same duration in 2014.
The firm, which is detailed on the Abu Dhabi Stock Exchange, presently boasts complete assets valued at (AED 5.11 Billion), a considerable rise on the AED 4.99 billion recorded at the end of in 2014.
Commenting on the results, Managing Director and CEO Mohammed Sultan Al Qadi, said: "our half year results functions as proof that, with undeviating assistance from financiers for our growths across the UAE, RAK Properties remains to go from strength to stamina. Having currently completed several key projects and achieved various operational accomplishments, we expect the remainder of 2017."
RAK Properties attributes its outstanding fifty percent year results to strong off-plans sales backed by exceptional advertising and marketing support. With proven excellence in a wide variety of tasks, the leading residential or commercial property programmer is expected to announce additional residential, hospitality and retail tasks to advance its growth this year, thereby remaining to play a main function fit the lifestyle of residents of the United Arab Emirates.
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