Whilst prices are soaring in Dubai and mortgage options are still not providing the flexibility to cater to the demands of today's investors, there in more and more interest in the emerging markets in the Middle East property arena.. If you are looking for a villa or a townhouse you will find few options available, and certainly will be hard pushed to find any options at the lower end of the market. With private space at a premium many investors are looking to the emirate of Ras Al Khaimah, located at the eastern tip of the Arabian Peninsular bordering Oman and Sharjah.
With the excellent infrastructure already in place, it is possible to drive leisurely and be in the centre of Dubai in only 45 minutes, whilst being able to enjoy the luxury of having private space, a less crowded environment and being able to enjoy the lower prices that are currently being offered.
Whilst Dubai certainly has the best facilities on offer in the Gulf area, they are only a short drive away - however whilst you will not yet be able to ski in this Emirate, there are plenty of facilities that are in place already and many options currently in development and construction. Dubai may well be the only lace in the Middle east where you can sample winter Sports, Ras Al Khaimah too will enjoy a snow village, if you cannot bear an air conditioned drive. So too will you be able to participate in a plethora of water sports, shop until you drop in high quality malls and eat and drink to your hearts content in the many restaurants and hotel bars available in the complexes through out the emirate. Golf too features prominently with a brand new 18-hole course currently under construction.
Ras Al Khaimah (RAK) has learnt a thing or two from experiencing the rapid development of its neighbour, and is able to take the best examples of what is on offer and provide a duplication of the facilities, with the benefit of experience and take advantage of the frenzied Investment property market already in existence. Many ex-pats who come to the United Arab Emirates to work, find that the rental property market in Dubai itself is to expensive an option and choose the surrounding emirates as their home to take on a lease to better suit their budgets. Many in fact choose these emirates as the space provided and the environment is better suited to their requirements. With a rental market already in existence, and relatively few rental opportunities the buy to let market is already struggling to keep up to demand. With the fast improving facilities and natural beauty that Ral Al Khaimah offers, it presents the investor with a gilt edged opportunity to find that elusive villa or townhouse and fast track their investment returns.
Universal Property Agents are now able to bring to their showcase an exclusive complex which is the first fully freehold development available in RAK, that provides the opportunity to purchase duplex apartments, villas and townhouses at excellent prices. The complex is centred around a lagoon, linked to the marina, with the new 18-hole golf course encircling the development. The grounds are spacious and include all of the sporting facilities and shopping options you would come to expect from the Emirates, as well as the marina right on your doorstep. 5-star hotels, shopping centres, boutiques, golf course, sporting facilities - this rally is a mini Dubai in the making and provides the highest possible standards and potential investment returns that you could hope to find.
3-bedroom, 3-bathroom options are available as follows:
| Townhouses: |
AED 1,040,000 / £143,534 |
| Duplex apartments: |
AED 1,913,000 / £264,111 |
| Villas: |
AED 3,196,268 / £441,127 |
Build sizes and personal space are key in this development and are particularly generous with the duplexes coming at build sizes of 355 Sq M in a 436 Sq M plot, Townhouses at 197 Sq M in a 169 Sq M plot and villas topping the list at a huge 465 Sq M build in a 921 Sq M plot.
As is the case in the Dubai market properties are selling at a lightening pace, with normal apartments all sold, and the majority of the other property options fast selling out. This is truly an exceptional opportunity and for the investor with money available represents a fantastic deal.
Getting to RAK will currently involve using the Dubai airports just 45 minutes away, however with Ras Al Khaimah International airport a signatory of the Open Skies policy,the current redevelopment of the airport will enable the emirate to cater to a much wider range of direct flights to add to the host of locations already catered for.
To find out more about this emirate please view our Ras Al Khaimah Investment guide and have a look at the Al Hamra Village property options in the property section of this site.
Please Contact Us for full information, or call on +44 208 816 8910. Deposits can be taken over the phone as a straight investment purchase and are mandatory if you want to ensure that you secure a unit in this exclusive complex.