Since taking on his role in 2022, Muhtadi has overseen the development of RAK Properties' flagship master plan, Mina, which was unveiled in January 2025 with a $1.4 billion development pipeline for the year. As of December 2024, RAK Properties delivered 3,265 residential units valued at $898.6 million, with 2,797 more under development worth $816.9 million. In 2024, RAK Properties recorded revenues of $382.9 million, a 40% year-on-year increase. The U.A.E. government increased its stake in RAK Properties from 5% to 34% following an AGM in March 2024.