UAE - Ras Al-Khaimah - La Hoya Bay Residence

[Rammah]

Originally Posted by muqarabin

Rammah

Dont you guys think Gamsha Bay is just too huge.......that project is massive is cover miles and miles of the shoreline....are you sure everything can be sold????

Sorry to digress, I was thinking about Gamsha Bay but the size of it scares me

It'll be an amazing touristic resort that will attract millions every year! That's beside the booming economy in Egypt, their population growth, and their over-opulated area such as Cairo.
I advice you to confidently invest there.

Regards,
Rammah

[Roshan]

Originally Posted by muqarabin

Rammah

Dont you guys think Gamsha Bay is just too huge.......that project is massive is cover miles and miles of the shoreline....are you sure everything can be sold????

Sorry to digress, I was thinking about Gamsha Bay but the size of it scares me

Could be another development like Dubai land. Massive developments like these take a long time to come out. But when they do, it is worth the wait.

Regards

Roshan

[riverholt]

Dubai property first time buyer... Have been looking at La hoya Bay development...What would give best retrurn ,studio, 1 bed etc...Have agent offering several properties. Hows the area for possible returns. Would Dubai be a better bet? Heard about "Al Marjan Island" any info...

[Rammah]

Originally Posted by riverholt

Dubai property first time buyer... Have been looking at La hoya Bay development...What would give best retrurn ,studio, 1 bed etc...Have agent offering several properties. Hows the area for possible returns. Would Dubai be a better bet? Heard about "Al Marjan Island" any info...

I don't think anyone would be able to guess if studio or a 1 bed would give better returns within any project! Usually the project appreciates as a whole. However, it could be worth checking if the project has more studios than 1 beds, and then buy a 1 bed or the other way around.

Dubai is without a shadow of doubt safer than Al Marjan Island or any other emirate or even any other country almost! Stick to Dubai if you can.

Al Marjan island is a man made island in Ras Al Khaimah, inspired by [copying] the Palms in Dubai. What sort of info on it are you after?

Good luck,


Rammah

[riverholt]

Have been offerd appartment choices in LA Hoya Bay Residence. Here there selling very quikly?Agent is through Dream Homes..As i said i am a complete novice to property in Dubai... Have around £200,000 to invest.. Where and what should i buy?

[Rammah]

Originally Posted by riverholt

Have been offerd appartment choices in LA Hoya Bay Residence. Here there selling very quikly?Agent is through Dream Homes..As i said i am a complete novice to property in Dubai... Have around £200,000 to invest.. Where and what should i buy?

I'll pm you.

[riverholt]

Thanks for the reply Rammah... AS to La Hoya ,wondered if it could be a good long term investment for rental?

[Rammah]

Originally Posted by riverholt

Thanks for the reply Rammah... AS to La Hoya ,wondered if it could be a good long term investment for rental?

it's a hard Q to answer, as it will all depend on the amount of planned construction taking place in RAK, and also in the plans that RAK has for the city in general [supply vs demand balance!]. It's clear that RAK is now focusing on tourism, which is good, but I personally would feel more secure investing in a "business city" when it comes to good long term rental investment.

Regards,


Rammah

[Roshan]

Originally Posted by riverholt

Thanks for the reply Rammah... AS to La Hoya ,wondered if it could be a good long term investment for rental?

Many who have invested have done so as a second home. Look at it this way. When Palm Jumairah was in the market, the prices were low. When the properties came into the market, people have reaped a return of 500% on their investment.

Water fronts and beach side properties followed by Golf course side properties tend to do well.

If you have money to spare, you could go for it. Nobody knows how RAK will turn out. The indications are good and hope it moves well.

Regards

Roshan

[Roshan]

Originally Posted by riverholt

Thanks for the reply Rammah... AS to La Hoya ,wondered if it could be a good long term investment for rental?

La Hoya would fall into the long term investment category.

Regards

Roshan