RAK Properties targets more than 1,400 home handovers in Ras Al Khaimah by year-end

Ras Al Khaimah's listed developer RAK Properties has laid out a delivery plan alongside its nine-month results. According to Khaleej Times, 6 November 2026, the company expects to make more than 1,400 homes ready for handover by the end of the year, which its management calls a record. For buyers, a shift of focus toward completing projects rather than new launches is a signal worth reading closely.

A record year for deliveries

RAK Properties made 748 homes available for handover during the first nine months of 2026, across the Bay Residences 2, Granada Extension and Bay Views projects, according to Khaleej Times, 6 November 2026. A further 691 homes, including Beach Houses and Cape Hayat, are expected to be ready in the fourth quarter, which together would take the year's total above 1,400.

Making a home available for handover is not the same as a buyer collecting the keys. The same report notes that 356 homes were actually handed over to customers in the nine months, across projects such as Bay Residences, Granada, Marbella and Flamingo. Chief executive Sameh Muhtadi said reaching the full-year target would be a record for the company.

Slower sales, a fuller pipeline

New sales cooled over the period. The developer sold 260 units for a combined Dh476 million and attributed this to regional volatility and a recalibrated launch calendar, according to Khaleej Times, 6 November 2026. According to Khaleej Times, 6 November 2026, at the same time its sales backlog grew to Dh3.18 billion from Dh2.88 billion a year earlier, while nine-month revenue reached Dh809.72 million with net profit after tax of Dh111.37 million.

According to Khaleej Times, 6 November 2026, looking ahead, the company points to a development pipeline with a gross development value of Dh5.4 billion and more than 5,000 homes in planning or delivery, much of it on Al Marjan Island. A relaunch of The Strand and the Lunara project are planned for early 2027, with Four Seasons-branded residences due in the first half of that year. For an investor, a developer shifting weight from selling to completing can mean lower construction risk on what is already under way, while new supply keeps arriving ahead of major tourism projects in the emirate.