Select Property
leads the way with launch of new development in emerging emirate
Ras Al Khaimah
Released
on: March 28, 2008, 8:04 am
Press
Release Author: Select
Property
Industry:
Real Estate
Press
Release Summary: Select Property looks to target shrewd investors
with its new development, Pacific, which is situated on Al Marjan
Island, in the emerging Emirate of Ras Al Khaimah
Press
Release Body: Select Property, overseas property
investment company, is looking to target shrewd investors with
its new development, Pacific, which is situated on Al
Marjan Island, in the emerging Emirate of Ras
Al Khaimah.
A
naturally beautiful country, Ras Al Khaimah boasts
the longest coastline of all the United Arab Emirates
(UAE) and is arguably the most scenic with miles of untouched
white sand, lush green landscapes and striking mountain ranges.
Add to this impressive property
investment benefits including rising rental yields, a projected
capital appreciation of over 20% in 2008 and more importantly
its close proximity to Dubai (just 45 minutes)
it is easy to see how this Emirate is becoming
attractive to commuters wanting a beach life or weekend retreat,
and to the overseas holiday market alike.
Ras
Al Khaimah investment property and luxury housing
in the area is available at relatively affordable prices - some
60% cheaper than Dubai comparables. This affordability combined
with the ruling Sheik’s commitment to developing the region
and attracting inward investment, including existing procedures
to sell freehold title ownership, means the area has great potential
for capital gains and rental returns. Select Property
is also offering 15 year non status payment plans and the security
of an escrow account to make the development opportunities even
more attractive to prospective buyers.
Pacific
on Al Marjan Island is Select
Property’s first luxury property
development and is being constructed jointly with
Select Group. The two companies have enjoyed success
in the past with Select Property exclusively
marketing and selling four off-plan developments for Select
Group, including Dubai Marina’s centrepiece
Bay Central, the iconic super tower - The Torch, The Point, and
Botanica, the only residential development with a sky garden.
“This
is an incredibly exciting time for Select Property.
Pacific is the first of two projects, totaling £368million,
we are developing on Al Marjan Island”,
commented Mark Stott, Managing Director, Select Property.
“Ras
Al Khaimah and in particular Al Marjan Island
is the perfect location for our inaugural development, representing
fantastic opportunities to multiple profiles of purchasers”,
he continued.
With
low starting prices, Pacific is already generating interest, with
one and two bedroom apartments, town houses and Gulf Suites
also available. Due for completion in June 2011 the new Ras
Al Khaimah
property development consists of six contemporary, architecturally
spectacular buildings, each named after Pacific Islands
- the first three to be launched being Samoa, Tonga and Fiji.
The
Pacific Ras Al Khaimah apartments are situated in
a prime location on Al Marjan island, offering
residents private beaches overlooking the clear waters of the
Arabian Sea and year-round sunshine. Facilities include 24-hour
security, maid service, saunas, steam rooms and Jacuzzis, a glass
topped gym and health club. There are also countless dining and
shopping facilities, all of which are in keeping with the tone
of the island which has an altogether more laid back feel than
neighbouring Dubai.
Al
Marjan Island is the first man made Island in
Ras Al Khaimah. It has been built with best practice
learning from successful schemes in neighbouring Emirate
Dubai - the first of which, The Palm Jumeriah
has witnessed a massive 500% increase in prices since 2002.
Al Marjan master developer Rakeen, has
incorporated the most environmentally friendly practices during
the islands construction using natural rock to attract coral life
instead of ‘hostile dredging’. This process positively
encourages the formation of natural reef, establishing a long-term
aquatic paradise.
Editors
Notes
About
Select Property
Operating since 2004 Select Property has become
a leading specialist in off-plan overseas investment property.
Following initial success marketing and selling luxury residential
property, on an exclusive agreement basis, in March 2008 Select
Property took the landmark decision to move into development
launching a £368million residential project located on Al
Marjan Island, Ras Al Khaimah, United Arab Emirates.
Web
Site: http://www.selectproperty.com/
Contact
Details: Select Property PR contact:
Victoria Jones
Brazen PR
Brazen House
27
Great Ancoats Street
Manchester
M4 5AJ
0161 923 4994
press@selectproperty.co.uk
www.selectproperty.com