Dana island RAK

[want2invetinuae]

How does buying a plot works, Im intrested but waht about security and safegaurds for my investment. Who protects and guaranttee my invetment. How would I check that the person I buying from and sending my money to is registered and liscenced etc. As with off plan you can check for escrow account, and I will probably buy from an agent who are registered in UAE as well as UK. Are there any finances avialable for buying a plot. What about any development/projects on Dana.

please reply here initially and if it sounds good i will give you my email for further and personal info.

Thansk

[Aryan Khan]

Originally Posted by want2invetinuae

How does buying a plot works, Im intrested but waht about security and safegaurds for my investment. Who protects and guaranttee my invetment. How would I check that the person I buying from and sending my money to is registered and liscenced etc. As with off plan you can check for escrow account, and I will probably buy from an agent who are registered in UAE as well as UK. Are there any finances avialable for buying a plot. What about any development/projects on Dana.

please reply here initially and if it sounds good i will give you my email for further and personal info.

Thansk

Well, if you are not a developer, then consider investing in(buying) plots a short term investment.
The plots in Al Dana Island is directly from RAK government. So any documents will be prepared by or with RAKEEN. And if you are buying a plot which is on 'resale', the documents can be chacked by the government land department. And the point where you earn is, you hold plot/property for some time and sell it with a premium when the prices are high.
P.S. In Al Dana Isalnd 3% to 4%premium is being asked. but i have plots with 1% premium.
Regards

[want2invetinuae]

thanks for your prompt reply

What is prmium and why this hasa been chraged, I guess its a sort of tax. Please tell me how and where I can buy a plot, im looking into a short term investment either here or in waterfront dubai, or here first waterfront next.

Originally Posted by Aryan Khan

Well, if you are not a developer, then consider investing in(buying) plots a short term investment.
The plots in Al Dana Island is directly from RAK government. So any documents will be prepared by or with RAKEEN. And if you are buying a plot which is on 'resale', the documents can be chacked by the government land department. And the point where you earn is, you hold plot/property for some time and sell it with a premium when the prices are high.
P.S. In Al Dana Isalnd 3% to 4%premium is being asked. but i have plots with 1% premium.
Regards

[FZA]

So what kind of square footage are the plots available at?

What are the payment timescales/terms

And what would happen to the plot if you could not afford to build on it. Would you be allowed to hold onto the plot of land? Surely Rakeen would not allow unbuilt plots to exist surrounded by huge development??!!

[Aryan Khan]

Originally Posted by want2invetinuae

thanks for your prompt reply

What is prmium and why this hasa been chraged, I guess its a sort of tax. Please tell me how and where I can buy a plot, im looking into a short term investment either here or in waterfront dubai, or here first waterfront next.

Well, premium is not a tax thing. Its the difference between Opening price and Selling price. e.g. Opening price of the dana plots in West C Area was 200 aed per sqft. But all the plots are sold which are now available on a 'resale' @ aed 202 per sqft. So in this case AED 2 is the premium or the difference/profit where the current owner will earn. When you will buy that you might sell it @ 203 or above depending on the market of that property. So thats how you earn.
And plots in RAK are hot because each plot is right on the beach. But yes waterfront will also be a good investment depending on the location and price + payment plan.

Regards

[Aryan Khan]

Originally Posted by FZA

So what kind of square footage are the plots available at?

What are the payment timescales/terms

And what would happen to the plot if you could not afford to build on it. Would you be allowed to hold onto the plot of land? Surely Rakeen would not allow unbuilt plots to exist surrounded by huge development??!!

Being an investor, not developer, you hold the plot for some time. You might have to pay 2 3 installments then sell it on a higher price(premium) or sell you plot before the 2nd payment on a lower premium.
And If you are paying your installments and holding it for a longer time, Rakeen does not need to interfare as you still will find many plots in Dubai unbuilt and they might remain the same for a long period.
And about payment plan, Its 5% down, 5% nov 08, 5% may 09, 20% Handover the rest after that over a period of 1 and half year.
plots in West C are mostly from BUA(built up area) 250,000 to 350,000 sqft.

[want2invetinuae]

You seem to be well informed, where do I get such detail info online eg details of areas and who to contact, websites etc. Thanks again

Originally Posted by Aryan Khan

Being an investor, not developer, you hold the plot for some time. You might have to pay 2 3 installments then sell it on a higher price(premium) or sell you plot before the 2nd payment on a lower premium.
And If you are paying your installments and holding it for a longer time, Rakeen does not need to interfare as you still will find many plots in Dubai unbuilt and they might remain the same for a long period.
And about payment plan, Its 5% down, 5% nov 08, 5% may 09, 20% Handover the rest after that over a period of 1 and half year.
plots in West C are mostly from BUA(built up area) 250,000 to 350,000 sqft.

[mermaid123]

This is what i got from RAKEEN. They've quoted me 300AED-400AED per sq ft though!!!

1. Plot Size



From 105,000 square feet upwards.



2. B.U.A.



From 230,000 onwards



3. F.A.R.



2.3 – 4.5 depending on the zoning



4. Price/ sq. ft.



300 – 400 AED on the B.U.A. and depending on the plot.



5. Payment Terms



5% Now,

5% after 6 months

5% after 6 months

20% after handover (H/O) (between 1 and 2 years time)

25% after 6 months after H/O

25% after 6 months

25% after 6 months



6. Purpose



Beach Front Plots for townhouses, duplexes, commercial plots and hotels.



7. Location



Dana Island which is the largest reclaimed Island and located within the proximity of other multi-mega RAKIA projects. Will also be within the future Central Business District of Ras Al Khaimah.

T: +971 7 244 6562 | F: +971 7 244 6561 | E: info@rakeen.com | W: Rakeen - Property development in the UAE, Middle East and across the globe

[Aryan Khan]

Originally Posted by want2invetinuae

You seem to be well informed, where do I get such detail info online eg details of areas and who to contact, websites etc. Thanks again

Well you dont get this information online as prices and availibility varies. If you need some information, i have couple of plots in Dana West C with me with a very good price of AED 203 per sqft which is negotiable or serious buyers.

[swati]

Originally Posted by Aryan Khan

All who are interested, please PM me with your email IDs, so i can send some details.
FYI Those who are seriously interested, please don’t delay in deciding on these plots as premium is increasing every day.

Hi
I am swati from SOL REAL ESTATE and I may have a buyer for Dana plots
please send me your availbality list on Swati@soldxb.ae
thanks
or please send me your sms no on 0505580117
thanks
Also need plot in Central district