Written by Steve Alder, on 30-05-2008 15:27

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An exciting new opportunity is about to be released in Ras Al Khaimah, providing a rare opportunity for foreign investors to secure units in a prime position in the city centre commercial district. Interest in Ras Al Khaimah has been steadily increasing and current demand for quality investment opportunities is far exceeding supply. As the emirate continues to display substantial growth in both the residential and commercial sectors investment properties in key locations are highly sought after and are changing hands at an extraordinary pace.

Ras Al Khaimah - Key Facts for investors

• Population: 250,000 in 2006
• UAE’s longest coastline
• Stable currency pegged to US dollar
• 1 hour from Dubai
• 50% GDP increase in last 3 years
• No income, capital or corporate tax
• Plans for 2.5 million tourists by 2012
• Flourishing Free Trade Zones
• Major theme parks planned
• International Airport
• 40% increase in tourism in 2007
• 93% Hotel occupancy in 2007

Project – The Orchid – Key Facts for investors

Heart of the Commercial Centre of the city Adjacent to Dept of Economic Development and RAK Free Trade Zone G + 29 storey tower design 99 year leasehold title Completion 3rd Quarter 2010 Ground floor showroom and retail 5 floors of parking 10 floors of Commercial Shell & Core A total of 200 apartments 80 Executive suites (Floors 16-19) 120 1 Bedroom apartments (Floors 20-29) Spectacular views over the City, Creek and Sea Rooftop swimming pool & sun deck 15 minutes from RAK International Airport Less than 1 hour drive to Dubai City Centre

Turnkey Rental Package

• Provides investors with great potential to maximise returns from their investment property.
• Promotes owners apartments to the rental market through a professional management company.
• Allowing the investor to maximise returns under professional management and handle any maintenance and repairs that may be necessary from time to time.
• Targeting all sectors of the rental market including tourists, business people and medium term lets.
• Owners can personally use their own apartments for up to four weeks a year, either taken together or separately.
• Stylish turnkey furniture packs are available for immediate installation upon completion at a subsidised capped price.
• Each package includes everything you need for a new investment - property, cutlery, bed linen, all furniture and even a flat screen TV.
• Apartments fitted to high standards with fixed price furniture packs available for installation on completion.
• 10 year professional rental management with an option to opt out after two year rental.
• Rental income paid every six months.
• Hassle free ownership without maintenance concerns.
• Daily facility maintenance and cleaning of common areas.
• Apartments serviced and cleaned after guest departure.
• Guest travel and leisure activity assistance.
• Full booking and rentals management.

Expected starting prices:

Executive Studios from AED 450,000

1-bedroom apartments from AED 700,000

Full floor commercial units at 10,000 Sq ft – prices TBC

We are expecting a substantial number of units to sell on launch day, with priority being given to clients who have previously registered their interest.

Last update: 30-05-2008 15:56

Keywords : PR, Pre-launch, opportunity, Ras Al Khaimah, UAE, The Orchid, Tower

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