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UAE Property Information Half 6 of 8 – Ras Al-Khaimah Property

UAE Property Information Half 6 of 8 – Ras Al-Khaimah Property

Ras al-Khaimah is likely one of the seven emirates (sovereign states) of the United Arab Emirates. It’s positioned within the north of the Arabian Peninsula and is bordered by the emirates Umm al-Quwain, Sharjah and Fujairah and the Sultanate of Oman.

Ras al Khaimah was the second emirate within the United Arab Emirates (UAE) to permit international freehold land possession, and was the primary emirate to move a regulation granting property rights to international nationals. This early entry into the freehold market has meant that there are numerous thrilling actual property developments being constructed and below building within the metropolis of Ras al Khaimah.

The primary freehold improvement inbuilt Ras al-Khaimah is Al Hamra Village, an upscale beachfront actual property and tourism district. The village is positioned a 40-minute drive from Dubai Worldwide Airport. The event is residence to three lodges, over 1350 residential lodging of varied sizes and kinds, a shopping center, an 18 gap golf course, a marina and a 5 kilometer jogging observe amongst many different options. The event can also be residence to a man-made island that homes a 22-story, 400-room 5-star resort; the island is related to the primary improvement by a bridge.

The Cove was the second freehold improvement constructed within the emirate and is a resort of round 50 acres. It’ll embody a 5-star beachfront resort and greater than 130 furnished Nubian-style chalets.

The Julfar Towers is at present to be accomplished, a industrial and residential freehold improvement consisting of 40-storey residential and industrial towers constructed on a three-level podium of retail and restaurant. The industrial tower will home 468 workplace models of varied sizes whereas the residential tower will supply lodging starting from a restricted variety of unique duplexes to 349 flats starting from luxurious 4-bedroom flats to studios. The Julfar Tower complicated will supply a kindergarten, a health middle, a sophisticated enterprise middle and parking for greater than 1500 automobiles, in addition to breathtaking views of the mountains, mangroves and the creek.

There are two man-made island developments at present below building in Ras al-Khaimah, these are Saraya Island and Al Marjan Island. Saraya Island is a tourism improvement that can embody 3 synthetic islands, on which 3 luxurious lodges, 200 villas and cultural and industrial venues might be positioned.

The Al Marjan Island improvement is a collection of 5 coral-shaped islands that can stretch two kilometers into the Arabian Gulf, 27 kilometers from town middle. The event will embody a water theme park, marina and marina village, 10 massive resort websites and 50 massive villa websites. The primary improvement is to be accomplished by 2009. A sub-development of the Al Marjan Island improvement, the Gateway is a residential and industrial improvement which is able to home 50,000 residents and is being inbuilt 5 levels which have a date for completion in 2012. La Hoya Bay is one other improvement being constructed on Al Marjan Island, a residential, industrial and leisure undertaking. The undertaking might be inbuilt 6 phases, with the primary section to be accomplished in March 2008.

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Supply by John Hill

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