Property in Ras Al Khaimah: The Cove

With so much of freehold land available, the cost of available residential property in Ras Al Khaimah has increased. It is difficult to decide where to make sound investments. Developers are trying to take advantage of making best use of construction property in Ras Al Khaimah. In 2005, well-known Egyptian real estate builders, ORASCOM Hotels and Development, got a head start in their mega hotel project in property in Ras Al Khaimah called ‘The Cove’. At an estimated cost of 227 million AED for construction, this prestigious 50-acre property in Ras Al Khaimah is approved by the government.

What makes ‘The Cove’ a viable property in Ras Al Khaimah apart from the ruling family’s interest in it? It is only 40 minutes distance from the Dubai International Airport. Since the builders are from Egypt, they have added their experience and local cultural influence to develop 135 Nubain villas, enhancing this property in Ras Al Khaimah. More than half of the exotic villas of this property in Ras Al Khaimah are already sold out. Access to various utility services like shopping malls, hospital and free zone has contributed to the quick sale of this property in Ras Al Khaimah. As more experienced real estate developers have entered the arena, other projects are also likely to get a boost.

The Cove was the second freehold property in Ras Al Kamiah, which got a kick start with the announcement of change in property laws. A five star beach hotel also has come up in this 50-acre property in Ras Al Khaimah. A hill and island chalets will have 2-3 bedrooms for residents. Each chalet will have access to private beachfront in this property in Ras Al Khaimah. Villas in this region have their own plunge pools. Most of The Cove property in Ras Al Khaimah is aimed at residents who wish to holiday for a few weeks in a year. The villas can remain vacant for 11 months with a guaranteed 7% return on three year rental return. Owners can resell this property in Ras Al Khaimah back to developer at prevailing market prices. The developers themselves are providing financial solutions for acquiring this property in Ras Al Khaimah.

This beautiful property in Ras Al Khaimah is strategically located inside a water inlet on the beach front, making it a premium address. The town centre is towards the south of this property in Ras Al Khaimah. Proximity to the Dubai International Airport will help this property in Ras Al Khaimah to become a gateway to the Gulf. It has access to all modern facilities that are required by families to live in any good property in Ras Al Khaimah. There are separate quarters for maids, an exclusive garage and car parks in The Cove making this property quite attractive in Ras Al Khaimah. Anyone can buy a villa here and make it an exclusive Arabic getaway property in Ras Al Khaimah. Buying now will help in getting the best of the dream holiday homes.

Final Tip: With easy finance available, it is a good idea to invest in a holiday getaway in Ras Al Khaimah.