RAK Properties handovers head for a record as sales slow

RAK Properties handovers are on course for a record in 2026: the Ras Al Khaimah developer expects more than 1,400 homes to be ready for handover by the end of the year, even though it sold fewer units in the first nine months. If you want a home you can move into or let soon after buying, the first number is the one to watch.

RAK Properties is a property developer in Ras Al Khaimah, the northernmost of the seven emirates of the UAE.

What did RAK Properties report for the first nine months of 2026?

RAK Properties reported revenue of AED 809.72 million and a net profit after tax of AED 111.37 million for the nine months to 30 September 2026, while unit sales slowed to 260 homes.

Gross profit came to AED 312.59 million, operating profit to AED 150.22 million and EBITDA to AED 202.71 million. The 260 units brought in AED 476 million. The company calls this a decline and cites regional volatility and a recalibrated launch calendar, and it says it avoided indiscriminate product discounting.

The average unit sold went for AED 1.83 million, against AED 1.65 million in the same period of 2025, while the selling price of AED 1,916 per square foot held largely steady. With the per-foot price broadly flat, the higher average may reflect larger units in the sales mix.

The order book grew as well. The sales backlog, meaning homes already sold but not yet booked as revenue, stood at AED 3.18 billion against AED 2.88 billion a year earlier.

Source: RAK Properties, 6 November 2026; Khaleej Times, 6 November 2026.

Why are RAK Properties handovers heading for a record year?

RAK Properties handovers are heading for a record because 748 units in Bay Residences 2, Granada Extension and Bay Views became ready in the first nine months of 2026, and a further 691 are due in the fourth quarter.

By 30 September, buyers had received the keys to 356 units, in projects including Bay Residences, Granada, Marbella, Gateway 2, the Lagoon Buildings, Malibu, Flamingo and Bay Views. So the RAK Properties handovers of those nine months reached well beyond the three newly completed buildings.

The 691 units due in the fourth quarter include Beach Houses and Cape Hayat, which takes the year past 1,400 units ready for handover. The CEO calls 2026 a record year for deliveries.

What does handover mean in Ras Al Khaimah?

Handover is the day a buyer receives the keys to a completed unit.

Which RAK Properties projects are finished, and which are still being built?

On 30 September 2026, RAK Properties reported Bay Views as complete with handover under way, Beach Houses phases 1 and 2 as substantially complete, Cape Hayat at over 98 per cent and four further projects at earlier stages.

If you want keys within months, the RAK Properties handovers due in the fourth quarter are rows two and three, next to Bay Views. Edge, SKAI and Mirasol I are still off-plan purchases: you buy from plans and pay in stages while the building rises.

What does substantially complete mean for Beach Houses?

RAK Properties uses the term for Beach Houses phases 1 and 2: construction is essentially finished, but the utility connections still had to be activated on 30 September 2026. Before you commit to a unit there, ask for the activation date in writing.

What do RAK Properties handovers mean for buyers who want a ready home?

RAK Properties handovers of more than 1,400 units in 2026 mean that buyers in Ras Al Khaimah can walk through finished or nearly finished buildings such as Bay Views, Beach Houses and Cape Hayat before they commit.

A finished home answers the questions an off-plan buyer carries until completion: whether the building is done on time and whether the unit matches the brochure. You see the view and the finishes before you sign, and you can move in or let soon after the transfer.

The delivery record also says something about the developer. RAK Properties handovers are running at a record pace in a year of slower sales, so you can measure each new completion date it promises against what it delivered in 2026.

Some owners from this year’s RAK Properties handovers will live in their homes, some will let and some will sell, so ready units in these buildings come up one at a time. For handover dates elsewhere in the emirate, see our article on handover dates on Al Marjan Island.

Do fewer sales mean lower prices at RAK Properties?

The nine-month figures do not point that way. RAK Properties says it avoided indiscriminate product discounting, its selling price of AED 1,916 per square foot held largely steady, and the average unit sold rose to AED 1.83 million. In handed-over buildings, each owner sets the resale price.

What comes next in the RAK Properties pipeline?

RAK Properties has more than 5,000 homes in planning, construction or handover, plans to launch sales of Four Seasons Residences at Mina in the first half of 2027 and will relaunch Lunara on The Strand in early 2027.

Behind it sits a land bank of about 924,862 square metres in Mina and The Strand at Marjan Beach. For a buyer that means three stages: RAK Properties handovers now, projects with a measurable build stage, and launches that exist only as plans.

For the longer view, read our piece on Ras Al Khaimah since 2020, or see our current offers in Mina Al Arab.

Looking for a finished or nearly finished home in Ras Al Khaimah? Tell us your budget and when you want the keys. We’ll check which buildings are handing over and which units are actually available, and send you a shortlist that fits.