Select Leads the way in Ras Al-Khaimah

Article by Select

Select Property, the leading overseas property investment company, is targeting the shrewd investor with its new stunning development Pacific, situated on Al Marjan Island, in the emerging Emirate of Ras Al Khaimah.

A naturally beautiful country, Ras Al Khaimah boasts the longest coastline of all the United Arab Emirates (UAE) and is arguably the most scenic with miles of untouched white sand, lush green landscapes and striking mountain ranges. Add to this impressive investment benefits including rising rental yields, a projected capital appreciation of over 20% in 2008 and more importantly its close proximity to Dubai (just 45 minutes) its easy to see how this Emirate is becoming attractive to commuters wanting a beach life or a weekend retreat, and to the overseas holiday market alike.

Luxury housing is available at affordable prices – some 60% cheaper than Dubai comparables, and, together with the ruling Sheik’s commitment to developing the region and attracting inward investment, including existing procedures to sell freehold title ownership, it has great potential for capital gains and rental returns. What makes the development even more attractive is that Select Property is offering 15 year non status payment plans and the security of an escrow account.

Pacific is Select Property’s first development and is being constructed jointly with Select Group. The two companies have enjoyed success in the past with Select Property exclusively marketing and selling four off-plan developments for Select Group, including Dubai Marina’s centrepiece Bay Central, the iconic super tower – The Torch, The Point, and Botanica, the only residential development with a sky garden.

“This is an incredibly exciting time for Select Property. Pacific is the first of two projects, totaling £368million, we are developing on Al Marjan Island.”, comments Mark Stott, managing director, Select Property.

“Ras Al Khaimah and in particular Al Marjan Island is the perfect location for our inaugural development, representing fantastic opportunities to multiple profiles of purchasers”, he continues.

With starting prices from £57,399 (€72,991/AED 421,888) for a studio, Pacific is already generating huge interest, with one and two bedroom apartments, town houses and Gulf Suites also available. Due for completion in June 2011 the development consists of six contemporary, architecturally spectacular buildings, each named after Pacific Islands – the first three to be launched being Samoa, Tonga and Fiji.

Pacific is situated in a prime location on Al Marjan island, offering residents private beaches overlooking the clear waters of the Arabian Sea and year-round sunshine. Facilities include 24-hour security, maid service, saunas, steam rooms and Jacuzzis a glass topped gym and health club. There is also countless dining and shopping facilities, all of which are in keeping with the tone of the island which has a all-together more laid back feel than neighbouring Dubai.

Al Marjan Island is the first man made Island in Ras Al Khaimah. It has been built with best practice learning from successful schemes in neighbouring Emirate Dubai – the first of which, The Palm Jumeriah has witnessed a massive 500% increase in prices since 2002. Al Marjan master developer Rakeen, has incorporated the most environmentally friendly practices during the islands construction using natural rock to attract coral life instead of ‘hostile dredging’. This process positively encourages the formation of natural reef, establishing a long-term aquatic paradise.

For more information on Select Property or any of its developments in Bulgaria, Turkey, Dubai or Ras Al Khaimah, log on to www.selectproperty.com or call 0870 111 8892.
ENDS

NEW MEDIA CONTACTS:
For more information please call Victoria Jones, Peter Burling, Kate Greville or Nick Theodosiou at Brazen PR on 0161 923 4994 or email press@selectproperty.co.uk

EDITORS NOTES
Select Property
Operating since 2004 Select Property has become a leading specialist in off-plan overseas investment property. Following initial success marketing and selling luxury residential property, on an exclusive agreement basis, in March 2008 Select Property took the landmark decision to move into development launching a £368million residential project located on Al Marjan Island, Ras Al Khaimah, United Arab Emirates.

The company currently has 80 employees operating out of offices in the UK, Ireland and Dubai. By February 2008 Select Property had successfully sold over £450million worth of property to customers in 53 countries.

A standard payment plan for Ras Al Khaimah is £3000/€4200 reservation fee
15% on exchange of contract
15% September 2008
15% March 2009
15% September 2009
15% March 2010
15% September 2010
10% Completion.
Non-status lengthy payment plan is £3000/€4200 reservation fee
15% on exchange of contract
15% six months, there after quarterly installments spread over 15 years. 


www.selectproperty.com

Select Group Developments
A leading developer of luxury residential property in Dubai Marina, the world’s foremost master planned waterfront development, Select Group Developments has undoubtedly raised the bar in the Dubai real estate industry. Launching projects, which offer the pinnacle of modern living, and the best return on investment, the group if committed to strengthening its customer-focused values – The total assets under development have exceeded £500million.

Select Property has enjoyed a successful relationship with Select Group Developments, working on four off-plan developments, including the Marina’s centrepiece Bay Central, the iconic super tower The Torch, The Point, and Botanica, the only residential development with a sky garden. Most recently the two companies have announced their collaboration on Pacific, Al Marjan Island, Ras Al Khaimah, the first project, which is being developed jointly by the two companies.

Related Pages

• Select Leads the way in Ras Al Khaimah
• Ras Al Khaimah’s CTC awarded $272.3m Pacific contract
• Joint Developers Select Group and Select Property Award the largest Construction Contract to date on Al Marjan Island
• Ras Al Khaimah: Al Marjan Island infrastructure 80% complete
• Ras Al Khaimah: Impressive construction progress on Al Marjan Island projects