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PR - The Orchid Tower. Ras Al Khaimah, UAE.
on 30-05-2008 14:27
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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.
