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Ras Al Khaimah property developer, RAK Properties, has reported net operating profits of Dh175 million ($47.6 million) during 2016, as against Dh160 million in the previous year, marking a 9.38 per cent increase. The developer stated that it achieved
RAK Properties, the developer backed by the Ras Al Khaimah government, posted a 9.1 per cent increase in profit last year as the company benefited from handing over properties at its Mina Al Arab development in RAK despite a slowing property market. The