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Ras Al Khaimah’s (RAK) publicly listed property developer recently reported that its revenue surge to Dhs1004.89 million in 2023, dwarfing last year’s Dhs408.22m. Net profit rose to to Dhs201.82m, a significant rise from Dhs30.79m in the prior year. Total assets grew to Dhs6.46bn, while total equity reached Dhs4.30bn, demonstrating the company’s enduring strength and growth.
Property sales in 2023 reached Dhs2.8bn,…