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  3. RAK Properties profit halves but sales backlog grows

AGBI

RAK Properties profit halves but sales backlog grows

Profit and revenue at RAK Properties, a developer in the Ras Al Khaimah emirate, both fell sharply in the first six months of 2026, although the company pointed to a record sales backlog as evidence of underlying strength. Net profit after tax fell by more than half year on year to AED77 million ($21 million), […]

Continue with the complete report on the publisher’s website.

Read full article at AGBI
A

By AGBI

7 August 2026|1 min read
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