Ras Al Khaimah - News/Info

Discussion in 'UAE Property' started by anil, Jul 14, 2008.

  1. anil

    anil New Member

  2. anil

    anil New Member

  3. InfoGuru

    InfoGuru New Member

    Ras Al Khaimah seems to be hyphed a bit too much. This area is great if you want cheap property for your own use as the area is really nice.
    However I don't think it is good for long term investment. The problem is that it is too far away from Dubai to be of a commuting distance. Most of the demand is in Dubai and in the areas surrounding Dubai. Thus the rental demand will be very low.
    Everyone buying in this area seems to be an investor - not an end user who wants to live there. The realistic forecast is around 18% to 20% growth per year.
     
  4. Crofty2000

    Crofty2000 New Member

    Info Guru
    Where do you get the figure of 18% to 20% growth? I do agree that is 2 hours away from Dubai and not 40 minutes as they claim in the brochures but this is a nice area to have property, especially if you are going to use it yourself. The prices are half that of Dubai and whilst it may not be as attractive for investment as Ajman, it should be ok and better than Dubai.
     
  5. anil

    anil New Member

    I think the same doubts were being expressed for the early days in Dubai's developement. There is always a higher risk associated with early investment.

    Other factors to consider:-
    - the rail link across the Emirates
    - RAK's own growth and business that will draw people to live and work there
     
  6. anil

    anil New Member

  7. anil

    anil New Member

    Shah Rukh Khan forays into real estate

    Shah Rukh Khan forays into real estate
    Dubai (PTI): Bollywood heartthrob Shah Rukh Khan is developing a cluster of signature buildings on Al Dana Island in Ras Al Khaimah, one of the UAE's seven emirates, a media report said on Thursday.

    The project in association with the TSA International Investments is called Shah Rukh Khan Boulevard. According to the Arabian Business Magazine the actor will be in Dubai from October 6 to 9 to announce the project at real estate expo Cityscape Dubai.

    Shah Rukh has reportedly been keenly involved in the conceptualisation of the project that has been designed by celebrity architect Tony Ashai.

    Buyers have been invited to offer refundable 'expression of interest' cheques for the proposed studio, one and two bedroom apartments, but sales will begin only after the official launch by Khan on October 20.
     
  8. fbx258

    fbx258 New Member

    Anil, i am thinking of investing in the pacific in Al Marjan Island for about 1100 per sqt ft.
    I have read nothing but excellent reviews on Al Marjan Island and its potetional growth over the next 12- 24 mnths.

    Do you think this is a good investment ? or should i wait for more construction to start happen there ?

    Brgds

    Willams
     
  9. anil

    anil New Member

    Hi,

    It would be difficult for me to give you a balanced view as I have already invested in the Pacific development. :D

    The way I see it: if you buy into the RAK story and if you can accept that the same will happen in RAK that happened in Dubai, then it is just a matter of choosing a project that you like. If you dont believe in it, then keep your money in the bank.

    Please be aware of exaggerated forecasts from agents, it is their job to sell and this is an unregulated market.

    Good Luck!
     
  10. rudeboy

    rudeboy New Member

    wow 1100 thats cheap i paid 1333 but that was 2 months ago :( is that re-sale or from the developer??
     
  11. fbx258

    fbx258 New Member

    no from select properties and to be exact it is around 1063psqft.


    thanks guys


    willams
     
  12. rudeboy

    rudeboy New Member


    is it a studio or one bedroom appartment? and which floor is it on?
     
  13. fbx258

    fbx258 New Member

    19 / second floor...
     
  14. Sajid

    Sajid New Member

    Hi complements to all!


    i think so william the chance is good you should avail but be sure make the market research before taking further steps!
     
  15. anil

    anil New Member

    Hi IMRANGHANI,

    Out of general interest, how are sales in RAK at the moment?

    Have you seen a slow down in interest recently or a drop in prices?
     
  16. rudeboy

    rudeboy New Member

    does anyone know of a real estate agent in RAK or in Dubai who can help me get rid of my studio in the Pacfic on marjan island?

    if so contact me on aulhuq@hotmail.com
     
  17. kamadenu

    kamadenu New Member


    hi what are the chances of me selling a 3 bedroom apartment sea view in al marjan - bab al bahr-rakeen development at no premium at all. i bought it at about 1.77m for 1800+800 sq ft terrace.
     
  18. rudeboy

    rudeboy New Member

    isnt the bab al bahr already completed?
     
  19. kamadenu

    kamadenu New Member

    the construction in full swing, they have show homes in the site. completion first quarter
    2010 latest.
     
  20. East end barrow boy

    East end barrow boy New Member

    various notes re Al Hamra and RAK

    The Alhamra development can be 40 mins from Dubai airport.

    It can also be 2 hours. The new 611 highway almost guarantees 1 hour to airport any time of day or night.

    Al Hamra prices went up perhpaps 80-100% last year, but this year resale had fallen thru the roof, from 1.8 or evn 2.6 (3 bed town house with maids room plus view), to a newly completed 3 bed with viw fire sale at 1.1 aeds.

    RAKIA is not there to protect investors, or occupiers, they are only there to make money, for the shareholders. Dr Massad, would prefer to break your legs than offer an invester a safety net.

    I was in RAK, UAE for some time, and would never wish to be associated with him or the operation any more.

    the lost Kray triplet.
     
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