Quote:
Originally Posted by BDotADot
hi guys, this development is being sold at 2250 per sq ft, in dana island, RAK. im not aware of anything available on the open market on dana island.. the price seems a bit extortionate. do you people think this is an investment opportunity??
decent developments on al marjan island are selling at around the 12-1500 mark, thats why im expressing my concern.
let me have your views please!!
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Dana Island is a great investment, it will be better than Al Marjan Island, due to its location in terms of it will be closer to the main Ras al Khaimah City, thus Airport, Business Centre etc etc BUT, I think the price is too much for SRK Boulevard. However, i did speak to a RAKEEN representative on the stand at Cityscape and they said Shah Rukh Khan developers have had 800 letters of intent to purchase - maybe BS? I know this development has put Dana Island on the map in a big way, my advise would be to follow other developers on the island who will surely come under that price and grab a solid bargain investment before prices go too crazy!! Watch this space................