WAM reports that RAK Properties, the most prominent property developer in Ras Al Khaimah, has announced a net profit of AED 225 million for the first half of the year ended 30th June 2008.
The company sold residential and commercial units worth AED 1106 million in the first half of 2008, which is 115.60% over the same period in 2007. The sale volume is increasing exponentially and the company is currently looking at expanding into regional and international markets. The sales performance continues to be a solid proof that the market has accepted RAK Properties as their preferred developer.
SOURCE: WAM.
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