UAE - Ras Al-Khaimah - La Hoya Bay Residence

[vanityfair]

Originally Posted by alexie62

Hi, La Hoya bay is on Al Marjan Island in Ras Al Khaimah and is designed like the Dubai Palm. I am a Broker in RAK and also live here for a no of years where we can offer you investments in this area. You may contact me on theda@sacm.ae and by the way its really beautiful and on an unspoilt shoreline as well. We have other lucrative investments in close proximity of this area that you may also wish to consider. Thanks & Regards Theda

Hi Theda
I have only even invested in residenial property however iam now considering commercial. What are your thoughts on commercial in Al Marjan/RAK. When do/if you think the demand will materialise.
Regards Ewen

[want2invetinuae]

have bought a unit of an investor who bought the whole floor(s) at a discounted rate, im making 20% already and 30% next month, and the investor, who knows what he has made. It seems marjan on its way to become the next palm if its current growth continue.

Originally Posted by Roshan

I would be interested to know if any flipped properties on LHB. I always thought it was a long term investment.

Info appreciated.

Regards

Roshan

[Roshan]

Originally Posted by vanityfair

Hi Theda
I have only even invested in residenial property however iam now considering commercial. What are your thoughts on commercial in Al Marjan/RAK. When do/if you think the demand will materialise.
Regards Ewen

You would be better off with residentials than commercials in RAK. RAK market is very differentfrom Dubai. They will be more tourist oriented.

This is my feeling, I could be wrong.

Good luck.

Roshan

[jamkhalid]

hi guys,plz could someone give me current price psf in lahoya bay for a 1 bedder.my first time buying property overseas.looking to buy soon, is 1500 psf expensive?
plz help!!!!
regards Jamila

[sammy1003]

Originally Posted by jamkhalid

hi guys,plz could someone give me current price psf in lahoya bay for a 1 bedder.my first time buying property overseas.looking to buy soon, is 1500 psf expensive?
plz help!!!!
regards Jamila

Jamila, it depends on the views.. I believe there was a price increase of 10% on 1st June. What block are you looking at?

[want2invetinuae]

Hi everyone
I have written to Khoie props but as yet no reply. I have bought a unit or two. Most or significant amount of the payment is due on completion date. The contract asks for letting Khoie know 180 days of your intension about the final payment. I have let them know too early I guess!!. What is your understanding of getting a mortgage for the final payments. I understand each developer has a bank who will release finances. Ideally, I want to finance most of the prop and not just the final instalment to realease some capital but this will depend whether this will be paid for by rental returns. I would need to know what rental return I need to expect, if its about 8% of the price then I will only barrow the amount that will be paid by this 8% plus other expenses will have to be considered too. This way I can keep my apartments for longer, otherwise I will have to sell before final instalments are due. any thoughts.

[jamkhalid]

Originally Posted by sammy1003

Jamila, it depends on the views.. I believe there was a price increase of 10% on 1st June. What block are you looking at?

hi sammy
looking at oyster block (f), top floor.have been told all have good veiws, is 1500 psf expensive?

[sammy1003]

Originally Posted by jamkhalid

hi sammy
looking at oyster block (f), top floor.have been told all have good veiws, is 1500 psf expensive?

Jamila, this is expensive - I am trying to see what I can get you. Give me your email address please and I will fwd you the details.

[sammy1003]

Originally Posted by jamkhalid

hi sammy
looking at oyster block (f), top floor.have been told all have good veiws, is 1500 psf expensive?

Jamila, I found you just under 1200 per sqft. Let me know soon.

[higherstate]

Hi people, does anyone know what the predicted residential rental returns are for the island? And what is currently being achieved in RAK?