Economy Local February 06, 2025

Ras Al Khaimah Real Estate Company Reports 39% Growth

Ras Al Khaimah Real Estate Company achieved a net profit of 281 million dirhams for 2024, showing a 39% increase from 202 million dirhams in 2023.


Ras Al Khaimah Real Estate Company Reports 39% Growth

Sharika Ras-Al-Khaimah for real estate in 2024 reported a net profit of 281 million dirhams, which is 39% more than the profit of 202 million dirhams obtained by the company in 2023. The Al-Hakimah real estate company successfully increased its net profit to 79 million dirhams for the year, which indicates its positive financial dynamics. This significant growth is the result of a successful strategy for managing assets and investments of the company. Our company's achievements in 2024 not only reflect our financial sustainability but also the successful implementation of growth strategies and revenue increases, - noted the representative of the company. The growth of net profit in 2024 is associated with an increase in real estate sales and successful management of rental properties. In addition, the company actively worked on diversifying its investment portfolio and improving operational efficiency.