Ras Al-Khaimah - Pacific

[anil]

Has anybody else got into this development in RAK?

This seems like a good mid-range development on the island. Hopefully, as
more projects come to market we will see rising prices.

Opinions anyone?

[DAYFox]

Interested in this one as well! Prices are still very cheap as I noticed on their website... What about RAK in general? Do you think it's worth investing there or is it still very few developed overall?

[anil]

I think RAK is a little riskier than Dubai, but then the price reflects that.

Personally, I believe the economic environment is setup to benefit property as it did in Dubai. If properties on Al Marjan do half as well as on the Palms, i will be very happy.

Pacific prices seem to be around 1000-1100 Dhs/Sqft depending on localtion/views etc. I think this is on the expencive end for RAK, but then the payment plan looks good.

[mazi]

guys - I've heard pacific project hasn't yet been approved. Has anyone else heard this too?

[anil]

It is being sold now.
There are plans and prices at the agent ( I am not going to advertise for them ).
Not the most exciting design and layout but the 15 year payment plan is useful.

[richie83]

Hi all, this my first post, have been reading for a while to get some knowledge of UAE property in general.

I have invested in pacific, bought a studio, this is my first property investment so i am slightly anxious, but mostly excited. I'm quite happy with this investment and the service from select property so far. prices have been going up already so I am optimistic about making good capital returns in a couple of years, and about RAK in general, lots of development planned. what do you guys think? there are a few different projects to choose from on al marjan but this one seemed to stand out for me, since the developer has some experience from projects in dubai marina and i also like the idea of the private beach for residents only, think this will be a good selling point in the future for resale.

what are your opinions on this project? and if you have bought, what do you think of the seller?

[mirpuri]

this is my 2nd property with this devaloper, SELECT PROPERTY
service is very high and they are very professional what they do, you get full information on devalopment such as-site plane -floor plan -full availbilty -master plan this way you can decide faster to choose correct property

not like many other agents who only release properties as they want to sell
1stchoice are limmited
such as one devalopment call "Harbour residance "
this agent seem to be sole agent and only releasing few properties at time and raising price every 3days
if any one have any information on this devalopment pls contact me i am interested in 1 bed beach veiw 4th 5th & 6th floor

mirpuri

[richie83]

how long do you think it will take to establish a strong resale market in RAK? my idea is to sell my studio before completion and make a good profit. completion is estimated more than 3yrs from now so plenty of time for good appreciation i would say.

[want2invetinuae]

Originally Posted by anil

Has anybody else got into this development in RAK?

This seems like a good mid-range development on the island. Hopefully, as
more projects come to market we will see rising prices.

Opinions anyone?

Yes I have but now want to invest in ajman any tips

[richie83]

anyone else invested in pacific? what are you thoughts?