RAK Properties reports record half-year results

Dubai: RAK Properties PJSC has announced record half-year results, with revenues exceeding Dh211 million due to strong off-plans sales.

The reported half-year figures reveal an increase from Dh39 million a year ago to Dh62 million in net profits from January to June 2017, an increase of 59 per cent compared to the same period last year.

The firm currently boasts total assets valued at Dh 5.11 billion, a significant increase on the Dh4.99 billion recorded at the end of last year.