RAK Properties delivers buoyant results in Q3 ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
RAK Properties delivers buoyant results in Q3
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 14
RAK Properties has announced that it earned US $7.5mn net profit during the third quarter of 2022, while revenues climbed to $78.84mn, as the company emerged stronger in the current competitive business climate. In a statement, the real estate company said its total assets increased to $1.7bn during the July-September 2022 quarter, reflecting a notable rise from $1.69bn recorded in December 2021. “We are pleased to announce our financial results this quarter, which reflect the company’s ability to adapt to the current competitive business climate. We will continue to develop exquisite residential and hotel projects to meet the needs of the real estate market. This sector continues to show gr

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