Bullet-Point Property: Dubai No. 65
1.27 million British people visited Dubai last year helping the city’s international visitor numbers grow to a new record as we inch closer to achieving a target ofwelcoming 20 million travellers annually by 2020
Many of those visitors arrive at the busiest international airport in the world but then leave immediately for Ras Al Khaimah (RAK), the fourth largest emirate in the UAE, who reported a growth of 19 percent in the overall number of tourists in 2017.
RAK is well on the way to welcoming One Million visitors by the end of this year, and you may be surprised to learn that half of those tourists are ex-pats and nationals living in the UAE. The hotels are often fully booked on the weekends, and there is a healthy demand for both temporary and permanent holiday homes from residents and their families looking to escape the city at weekends and during the school holidays.
Ras Al Khaimah is the perfect beach and desert escape, but with the recent opening of a world record-breaking zip line suspended 1,680 metres in the sky and reaching speeds close to 150 kilometres per hour, it is now the ‘go-to’ destination for adrenaline junkies in the Middle East.
Property discussions this week have included;-
- If it’s a low-cost beachside apartment that you are considering, then look no further than the Pacific on Al Marjan Island in Ras Al Khaimah. I have spent many hours visiting RAK and its numerous freehold developments, and so far there is nothing that beats this ready project for location, concept, value and quality. It's selling fast, but there are a handful of studios remaining which range from around AED 350k to AED 450k, one beds from AED 550k and two beds starting around AED 800k to AED 1.3m. They have some excellent payment plans in place, property management on site and plenty of short and long-term rental demand. Reply to this email for more information
- Dubai Properties (DP) are close to opening their show home in Arabella, and that normally means a surge in demand as buyers can touch and feel the property rather than making their decision via a brochure. I have been shouting about this development for the last two years; it ticks so many boxes for the investor and end user with its location, design, quality and price. Three beds at AED 1.4m to AED 1.8m and four-bed townhouses for AED 1.8m to AED 2m all on a 40/60 payment plan so perfect for the overseas mortgage buyer.
- The developers of Belgravia Heights in JVC have let it be known that they will be launching later this week. There were a few false starts over the last few months as they obtain all the permissions as well as clear the inventory from their other buildings but finally, the sales will begin shortly. Mark my words, this will be a quick seller, the developer has gained a reputation for delivering high-quality homes at a low price providing investors with some market-beating yields and very high occupancy rates. Expect one beds from under AED 800k and two beds at circa AED 1m – It's taking me two or three days to rent out an apartment in their Belgravia 1 at rental rates that are 10% to 30% above the market for JVC. Expressions of Interest are welcome, please message me for details
- Emaar has a limited time offer on their properties in Emaar South, special payment plan of 5 x 10% construction linked instalments, 10% on completion and 40% over 3 years post-handover
- The developers of Town Square have a special payment plan offer at Hayat Boulevard. Pay 30% during construction and 70% on completion in December 2019. I expect some excellent rental yields on these one beds that start at AED 601k, the two beds at AED 820k and the three beds at AED 1.36m
Just a few of our current listings
Have a great weekend