Bulgari mansion and RAK Properties' revenue

Bulgari mansion and RAK Properties' revenue

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  • Bulgari mansion, growth of rental contracts in Sharjah and RAK Properties' revenue

Bulgari mansion in Dubai was sold for $14.97 million and became one of the most expensive houses sold on Jumeirah Bay Island

Number of bedrooms – 4 Cost per m² – $22,776 According to Dubai Land Department, luxury real estate transactions grown up 85% in H1 2022 compared to H1 of 2021.

RAK Properties' revenue was $54.4 million in H1 2022

This is 26.8% less than in H1 2021 ($72.1 million). At the same time, the company's assets grown up to $1.7 million from $1.6 million for the same period in 2021. Earlier, the developer announced the start of construction of residential complex, Gateway Residence II, in Ras Al Khaimah.

The number of rental contracts in Sharjah increased by 6% in H1 2022

Sharjah Municipality reports 166,199 lease contracts:

  • 133,531 – Residential contracts
  • 32,593 – Commercial contracts
  • 75 – Investment contracts
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