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Ras Al Khaimah, United Arab Emirates
The profits of Ras Al Khaimah Real Estate Company, listed on the Abu Dhabi Securities Exchange, decreased by 48.6% year-on-year at the end of the first nine months of this year, recording AED 111.37 million, compared to a profit of AED 216.82 million in the same period in 2025.
The decline in profits is due to a decrease in revenues by 30.5% to reach AED 809.72 million, compared to AED 1.165 billion at the end of the first nine months of last year, in addition to a decline in total income by 30.6% to AED 312.59 million, according to a company statement.
In terms of quarterly results, the company’s profit for the third quarter of 2026 decreased by 38.2% to AED 34.72 million, compared to AED 56.22 million in the corresponding quarter of 2025, in conjunction with a decrease in quarterly revenues by 29.2% to AED 276.60 million.
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