Samih Muhtadi, CEO of Ras Al Khaimah Properties, confirmed that the company’s strong growth in revenues, profits, and sales was the result of prior planning and early preparation, in addition to increasing investment momentum in the Emirate of Ras Al Khaimah — not merely an improvement in market conditions.
He explained that the company had originally targeted launching projects worth AED 5 billion during 2025, but it has already exceeded that goal by rolling out projects valued at AED 5.5 billion. This achievement was supported by the company’s readiness to meet rising demand.
The firm also recorded growth in its assets and in the number of projects under development, and it decided to reinvest profits instead of distributing them in order to support expansion plans.
The CEO also revealed a strong strategic focus on the hospitality sector, with new hotel projects set to launch soon, including “Nikki Beach” and “Four Seasons” in 2026. The company is also studying the addition of other brands to generate sustainable long-term revenues.
He noted that the company’s debt-to-equity ratio is currently low at 10%, supported by strong sales and cash flows. However, he expects it to rise to around 30% by 2027 due to significant investments in hotel projects and new areas such as Marjan Beach and “Strand.”
He added that the gap between sales growth and revenue growth is normal in the real estate sector, as revenues are linked to construction progress, and he expects this gap to narrow with the delivery of around 2,000 units in the near future.
He also emphasized the company’s solid financial position, highlighting a low default rate of just 1.6%, in addition to its commitment to delivering projects on schedule despite supply chain challenges, achieved through supplier diversification and the establishment of long-term partnerships.
