Quote:
Originally Posted by fbx258
Anil, i am thinking of investing in the pacific in Al Marjan Island for about 1100 per sqt ft.
I have read nothing but excellent reviews on Al Marjan Island and its potetional growth over the next 12- 24 mnths.
Do you think this is a good investment ? or should i wait for more construction to start happen there ?
Brgds
Willams
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Hi,
It would be difficult for me to give you a balanced view as I have already invested in the Pacific development.
The way I see it: if you buy into the RAK story and if you can accept that the same will happen in RAK that happened in Dubai, then it is just a matter of choosing a project that you like. If you dont believe in it, then keep your money in the bank.
Please be aware of exaggerated forecasts from agents, it is their job to sell and this is an unregulated market.
Good Luck!