RAK Properties PJSC (ADX: RAKPROP) is Ras Al Khaimah's largest publicly listed developer — master-developer of Mina Al Arab, a 4 million sqm mixed-use waterfront district with an AED 5bn development pipeline.
RAK offers freehold ownership to foreign nationals in designated zones, including Mina Al Arab and Al Marjan Island. Title is registered with the RAK Municipality's real-estate registration department.
RAK entry prices are generally positioned below comparable waterfront product in Dubai, part of the emirate's broader cost-of-doing-business pitch versus its larger neighbour.
RAK Properties PJSC is a public joint-stock company listed on ADX (RAKPROP) — publicly traded, not a government department, though it is closely tied to the emirate's tourism and development strategy.
InterContinental (IHG) and Anantara (Minor Hotels) both operate resort properties within the masterplan, anchoring the area's leisure and branded-residence appeal.