Slide 1: RAK Properties
il RAK PROPERTIES rakproperties.ae
Slide 2: Investor Relations Q3 Highlights
RAK PROPERTIES INVESTOR RELATIONS Q3 Highlights
Slide 3: Disclaimer
DISCLAIMER This presentation is intended for information purposes only and does not constitute or form part of an offer for sale or subscription or an invitation or solicitation of an offer to subscribe for or purchase securities of any kind and neither this document nor anything contained herein sh
Slide 4: Contents
CONTENTS RAK PROPERTIES FINANCIAL HIGHLIGHTS OPERATIONAL HIGHLIGHTS SUSTAINABILITY MARKET OUTLOOK
Slide 5: RAK Properties
RAK PROPERTIES 4K+ 525 SQFT SQFT U NDER HOTEL K EY S +1Mn 50Mn L A ND BA NK DEVEL OPM ENT VIL L A S & A PA R TM ENTS c . 3 0 5 K EY S IN PR OG R ES S G R OS S L EA S A BL E A R EA 3K+ COM PL ETED L A ND PA R CEL S IN DU BA I 2 COM PL ETED R ES IDENTIA L PR OJECTS IN VIL L A S & A BU DHA BI A PA R TM
Slide 6: RAK Properties Brand Values
RAK PROPERTIES BRAND VALUES RESPONSIBLE COMMUNITY VALUE DRIVEN SUSTAINABILITY EXCELLENCE & ACCOUNTABLE CENTRIC We are guided by integrity, respect, We aim to foster environments in Our ethos is anchored in adding Sustainability is the cornerstone of We are relentlessly committed to and transparency
Slide 7: Strategy for Growth
STRATEGY FOR GROWTH DEPLOY RAHA ISLAND MASTERPLAN-LED INCREASE RECURRING LAND TO FUEL FUTURE DEVELOPMENT WITH REVENUES THROUGH DEVELOPMENT PROJECTS TIMELY DELIVERY OF RETAIL AND HOSPITALITY AND CONTINUE TO MIXED-USE COMMUNITIES OFFERINGS ACQUIRE NEW LANDBANK FORM STRATEGIC SET HIGH STANDARDS TO ENSU
Slide 8: RAK Properties Diversified Business Model
RAK PROPERTIES DIVERSIFIED BUSINESS MODEL OUR BUSINESS MODEL BUSINESS SEGMENTS* As a leading master developer, our core strategy revolves around transforming prime land into luxurious properties that offer an unparalleled lifestyle. We also generate revenue from leasing and sales of these high-end u
Slide 9: RAK Properties at a Glance
RAK PROPERTIES AT A GLANCE 2005 - 2006 2010 - 2012 2017-2020 2022 - 2023 2024 • RAK Properties was • Granada Villas Community • Raha Island development • Intercontinental RAK Resort • Anantara Mina RAK Resort opened established in Mina delivered begins in Mina & Spa opened. Award winning Quattro Del
Slide 10: RAK Properties Awards
RAK PROPERTIES AWARDS 2023 2024 BAYVIEWS QUATTRO Best Residential Project at the DEL MAR Annual Design Middle East Awards Best mixed-use project at the 2023 Pillars of Real Estate Awards 2024 MUSE Design Award for Mix Use Architectural Designs CEO MIDDLE ANANTARA EAST AWARDS RESORTS & SPA Sameh Muht
Slide 11: YTD 2025 Announcement Highlights
YTD 2025 ANNOUNCEMENT HIGHLIGHTS MINA MIRASOL ANANTARA FOUR SKAI ENTA MASTERPLAN SALES BRANDED SOLERA ARMANI MIRASOL II SEASONS LAUNCH & HIVE UNVEILING LAUNCH RESIDENCES Approved Resort inspired living New luxury Premium apartments Reside in the Hayat Island The pulse of Mina’s Giorgio Armani and Sh
Slide 12: Financial Highlights
A TRUSTED NAME IN RAS AL KHAIMAH’S REAL ESTATE FINANCIAL HIGHLIGHTS
Slide 13: YTD Sept 2025 Performance Overview
YTD SEPT’ 2025 PERFORMANCE OVERVIEW REVENUE A strong performance year to date 2025. MN 1,166 AED RAK Properties achieve substantial year-over-year growth across key financial metrics. +31% YOY Revenue climbed by 31% to AED 1,166 million, EBITDA rose by 39% to AED 331 million, and Profit After Tax su
Slide 14: Financials at a Glance
FINANCIALS AT A GLANCE EBITDA REVENUE SALES SHARE 30 Sep 2024 vs 30 Sep 2025 30 Sep 2024 vs 30 Sep 2025 VALUE PRICE 30 Sep 2024 vs 30 Sep 2025 30 Sep 2024 vs 30 Sep 2025 39% 31% 117% 24% AED AED AED AED 331 1.48 AED 1,166 2,006 1.19 237 Mn 891 Mn AED Mn Mn Mn 925 Mn 30-Sep-24 30-Sep-25 30-Sep-24 30-
Slide 15: A New Strategic Track Record
A NEW STRATEGIC TRACK RECORD Revenues in AED Mns An outstanding sales track record for numerous residential projects, including Cape Hayat, Marbella II, Bay residences, Quattro Del Mar, The Edge Substantial investments in residential and hospitality projects, the successful completion of key develop
Slide 16: Expansion of Revenue Streams Beyond Residential Properties
EXPANSION OF REVENUE STREAMS BEYOND RESIDENTIAL PROPERTIES Revenue By Segment in AED Mns 1200 YTD Sep’ 1000 2025 800 1146 964 REVENUE 600 831 GREW BY 400 460 280 200 61 55 58 31% Y-o-Y 57 200 116 147 56 71 0 0 2021 2022 2023 2024 30-Sep-25 RAK Properties continues to expand its hospitality sector, l
Slide 17: Asset Distribution
ASSET DISTRIBUTION YTD 30 Sep'25 COMPLETED CONSTRUCTION PLANNING GDV (AED Mn) 3,766 2,983 1,893 No. Of Units 3,735 2,720 1,181 Around 1 Million Sq.ft. GLA C. AED 8,499 Mn in Total Assets as of 30 Sep 2025 as of 30 Sep 2025 61% 18% 53% 28% 29% 11% Commercial Retail Residential Property Sales Hotel Op
Slide 18: Solid Balance Sheet Records
SOLID BALANCE SHEET RECORDS In AED Mns 2024 30-SEP-25 DEBT MATURITY PROFILE* in AED Mns Debt 1,262 1,203 323 350 Cash 463 516 300 Net Debt 799 686 250 Total Equity 5,527 5,758 200 163 Total Assets 8,012 8,495 146 135 150 100 2024 30-SEP-25 54 50 Net Debt/Equity 14.5% 11.9% 0 Debt/Total Assets 15.8%
Slide 19: Total Liabilities
TOTAL LIABILITIES Liabilities in AED Mns % 10 2737 2800 2750 2700 2650 2600 2485 2550 2500 2450 2400 RAK Properties is adequately funded through 2350 sufficient advance collections and credit facilities 2024 2025
Slide 20: Income Statement: 2025 Gross Profit Increased
INCOME STATEMENT YTD YTD FY FY FY FY 30 SEP 30 SEP 2021 2022 2023 2024 2024 2025 Revenue 515.6 408.2 1004.9 1406.3 891.3 1,165.5 2025 GROSS (AED M) Gross Profit PROFIT 194.9 140.5 365.2 542.9 342.6 450.3 (AED M) INCREASED EBITDA 220.7 94.2 264.2 375.9 237.4 331.1 (AED M) BY 31% Y-o-Y Net Profit Befo
Slide 21: Net Profit Before Tax Up by 79% YoY
NET PROFIT BEFORE TAX UP BY 79% YoY GROSS PROFIT in AED MNs NET PROFIT BEFORE TAX in AED MNs 600 350 308 543 300 238 250 202 202 200 450 500 150 100 400 365 50 31 0 2021 2022 2023 2024 30-Sep-25 300 EBITDA in AED MNs 195 200 450 376 141 331 264 350 100 250 221 150 94 0 50 2021 2022 2023 2024 30-Sep-
Slide 22: Share Information
SHARE INFORMATION 31 Dec’21 31 Dec’22 31 Dec’23 31 Dec’24 30 Sep’25 Market Cap 1,540 1,360 2,280 3,420 4,440 (AED Mns) Share Price 0.77 0.68 1.14 1.14 1.48 (AED/Share) Eps 0.10 0.015 0.101 0.111 0.073 (AED/Share) 5,000 1.48 4,500 4,000 3,500 1.14 1.14 1.1 3,000 2,500 0.77 4,440 2,000 0.68 3,420 0.6
Slide 23: Financials by Business Segment
FINANCIALS BY BUSINESS SEGMENT Contribution From Recurring Businesses YTD Sept 2025 Revenue: 17% | Gross profit: 24% Revenue Share Gross Profit Share 15% 12% 5% 20% 19% 5% YTD YTD YTD YTD Sep’24 Sep’25 Sep’24 3% Sep’25 5% 77% 76% 80% 83% Property Sales Hospitality Asset Management
Slide 24: Robust Hospitality Performance
ROBUST HOSPITALITY PERFORMANCE INTERCONTINENTAL ANANTARA HOSPITALITY YTD Sep’24 YTD Sep’25 YTD Sep’24 YTD Sep’25 Number of Keys 351 351 174 174 Average Daily Rate (ADR, AED) 693 780 1,503 1,341 Occupancy Rate (%) 67% 62% 46% 67% Revenue per available room (RevPAR) (AED) 462 487 694 903 Room Revenue
Slide 25: Projects Under Development
PROJECTS UNDER DEVELOPMENT As of 30 Sept 2025 LAUNCH UNITS UNITS NET SALES REVENUE % % PROJECT LOCATION YEAR LAUNCHED SOLD (AED M) BACKLOG SOLD COMPLETE Bayviews Mina 2023 344 344 421 107 100% 74.58% Bay Residence Phase 1 Mina 2023 331 325 372 0 99% 100% Bay Residence Phase 2 Mina 2023 330 326 405 1
Slide 26: Land Bank
LAND BANK TOTAL AREA DEVELOPED UNDER BALANCE LAND DESCRIPTION (SQM) AREA DEVELOPMENT TO DEVELOP Area (Sqm) Area (Sqm) GFA (Sqm) Area (Sqm) GFA (Sqm) Area (Sqm) GFA (Sqm) Mina - Land 4,071,995 2,646,167 481,850 709,824 350,070 716,004 941,252 Marjan - Beach District 185,759 - - 185,759 553,300 RAS AL
Slide 27: Our Key Landbank
OUR KEY LANDBANK MINA BEACH DISTRICT Primary Destination Land bank acquired in Landbank consideration of RAK Government increase in stake to 34% 4,000,000 sqm land area c.186,000 sqm land area
Slide 28: Investment Proposition
INVESTMENT PROPOSITION TRACK ECONOMIC QUALITY FINANCIAL STRONG NEW LAND PRUDENT RECORD BACKDROP PORTFOLIO PERFORMANCE MANAGEMENT ACQUISITIONS MANAGEMENT Almost 20 years of RAK’s long term growth Covering residential, Q3 2024 results show Highly experienced and New land acquisitions to Prudent manage
Slide 29: ESG - A Pillar of Our Vision & Mission
ESG - A PILLAR OF OUR VISION & MISSION v ENVIRONMENTAL SOCIAL GOVERNANCE COMMITMENT RESPONSIBILITY EXCELLENCE We are dedicated to integrating sustainable practices We focus on improving the well-being of all stakeholders, Our robust governance framework ensures accountability across all development
Slide 30: Strengthening Our Environmental Sustainability Efforts
STRENGTHENING OUR ENVIRONMENTAL SUSTAINABILITY EFFORTS CARBON EMISSION WATER CONSUMPTION WASTE MANAGEMENT Key initiatives to reduce carbon footprint: Key measures to optimize water use: Key measures to optimize waste handling: . • Energy Audits • Water fixture retrofits- waterless urinals, low-flow
Slide 31: Discovery Center: A Closer Look
DISCOVERY CENTER: A CLOSER LOOK The Mina Discovery Center is a community hub dedicated to environmental education and preservation. Located in Mina, it focuses on teaching residents, especially schoolchildren, the importance of mangrove ecosystems and local wildlife. This initiative goes beyond trad
Slide 32: Advancing Our Social Responsibility
ADVANCING OUR SOCIAL RESPONSIBILITY Our People - The Cornerstone Of Our Success v DIVERSITY & INCLUSION HEALTH & SAFETY • RAK Properties cultivates an inclusive work environment. • Commitment to Occupational Health and Safety, evidenced by our ISO 45001:2018 certification. • 266 employees: 30% femal
Slide 33: Commitment to Governance Principles & Best Practices
RAK PROPERTIES' COMMITMENT TO GOVERNANCE PRINCIPLES & BEST PRACTICES v ENSURING ROBUST RISK UPHOLDING ETHICAL KEY BUSINESS POLICIES MANAGEMENT STANDARDS Whistleblowing Policy Anti-Money Laundering & Combating Oversight by the Auditing Committee of Ethics and Our Ethics and Compliance policies guide
Slide 34: Market Outlook
MARKET OUTLOOK 34
Slide 35: RAK Is the 4th Largest Emirate in Terms of Land Mass
RAK IS THE 4th LARGEST EMIRATE IN TERMS OF LAND MASS • A well-connected emirate, Ras Al Khaimah benefits from connectivity to all major destinations across Europe, Asia, and the Middle East through various airports in the UAE. • With an estimated population of 0.4 million and a GDP of approximately
Slide 36: Positive Macroeconomic Drivers
POSITIVE MACROECONOMIC DRIVERS Fitch Ratings Upgraded Rak’s Issuer Default Ratings (Idrs) To A+ Amid Expectations Of Stronger Growth And Fiscal Management SUBSTANTIAL GOVERNMENT SUPPORT A HISTORY OF FISCAL SURPLUSES IMPROVING MACROECONOMIC MANAGEMENT EXPECTED INCREASE IN PUBLIC REVENUE STRONG FISCAL
Slide 37: Customer Breakdown by Nationality
CUSTOMER BREAKDOWN BY NATIONALITY Emarati, 20% RAK Properties enjoys Others, 23% a diverse buyer base with customers drawn from 123 countries. Australian, 1% Romanian, 1% Indian, 9% Armenian, 1% French, 1% Italian, 2% Israeli, 2% Syrian, 2% British, 7% Netherlander, 2% Pakistani, 2% Canadian, 3% Leb
Slide 38: Appendix
APPENDIX
Slide 39: Mina Master Development in Ras Al Khaimah
MINA MASTER DEVELOPMENT IN RAS AL KHAIMAH RESIDENTIAL, COMMERCIAL, AND HOSPITALITY
Slide 40: INSERT TITLE HERE
0 1. G R A N A D A I V IL L A S 0 9 . MARBELLA VILLAS 17 . BAY VIEWS 2 5 . G A T E W A Y I R E S ID E N C E S 0 2 . G R A N A D A II V IL L A S 10 . G A T E W A Y II R E S ID E N C E S 18 . CAPE HAYAT 26. EDGE 0 3 . LA GO O N M A R IN A 11. E N T A 19 . PORTO PLAYA 27. SKAI 0 4 . RETAIL PLA ZA 12 .
Slide 41: Hayat Island
MARBELLA BAY INTECONTIENTAL VILLAS GATEWAY II RESIDENCES RESORT & SPA BAYVIEWS CAPE ENTA PORTO HAYAT PLAYA NB COLLECTION INSERT TITLE HERE NIKKI BEACH RESORT & SPA QUATTRO DEL MAR ANANTARA VILLAS ANANTARA APARTMENTS Hayat Island Residential, Commercial, and Hospitality (within Mina, RAK)
Slide 42: Hayat Island
HAYAT ISLAND PROJECT TYPE UNITS NB Collection Villas 11 Units Quattro Del Mar Apartments 888 Units Cape Hayat Apartments 678 Units Porto Playa Apartments 269 Units Bay Views Apartments 344 Units Bay Residences Apartments 661 Units Gateway II Residences Apartments 146 Units Intercontinental Hotel 351
Slide 43: Raha Island
ARMANI MARINA & YACHT BERMUDA VILLAS RESIDENCES FOUR SEASONS CLUB GATEWAY I SOLERA MIRASOL I MIRASOL II MINA HARBOUR EDGE SKAI Raha Island Residential, Commercial, and Hospitality (within Mina, RAK)
Slide 44: Raha Island
RAHA ISLAND PROJECT TYPE UNITS Bermuda Villas/Townhouses 157 Units Gateway I Residences Apartments 144 Units Edge Apartments 237 units Mirasol I Apartments 339 Units Mirasol II Apartments 280 Units SKAI Apartments 227 Units Solera Apartments 451 Units
Slide 45: INSERT TITLE HERE
INSERT TITLE HERE ANANTARA RESORT MALIBU FLAMINGO VILLAS GRANADA LAGOON MARINA RETAIL PLAZA
Slide 46: Lagoons
LAGOONS PROJECT TYPE UNITS Granada I Villas/Townhouses 93 Units Malibu Villas Villas/Townhouses 213 Units Flamingo Villas Villas/Townhouses 192 Units Anantara Resort Hotel 174 Keys Lagoon Walk 20 Towers 800 Units Granada II Villas 80 Units
Slide 47: Others
OTHERS PROJECT TYPE UNITS Julphar Tower RAK Apartment/Offices/Retail 884 Units RAK Tower Apartments 212 Units (Abu Dhabi ) Julphar Residence Apartments 266 Units (Abu Dhabi)
Slide 48: Enhancing Lives & Places
ENHANCING LIVES & PLACES rakproperties.ae