I live in RAK for the past 3yrs, in the UAE 10yrs where RAK already has a strong resale market in many key projects. Premiums are excellant here and in Umm Al Quain which is on the same shoreline. For sure premiums will be good and you cannot compare RAK to Dubai as they offer a different way of life, very focussed on leisure although the business community is overflowing here, it still has the community spirit, something special. Most of the investors in RAK are European and Al Hamra Village is a perfect example, stunning development, almost sold out with their original project and now with projects like La Hoya Bay, ext of Al Hamra, complete Al Murjan Island, Pacific, Mina Al Arab, The Cove and many more, its going to be a killer. By the way if you need any more info please feel free, thanks Theda
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Originally Posted by richie83
how long do you think it will take to establish a strong resale market in RAK? my idea is to sell my studio before completion and make a good profit. completion is estimated more than 3yrs from now so plenty of time for good appreciation i would say.
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