Stategically located for the tourist market, providing short & mid term lets in this fast developing emirate

Ras Al Khaimah Luxury Apartments

Situated less than an hour from Dubai in Ras Al Khaimah, this development offers excellent accommodation adjacent to the Deptartment of Economic Development and RAK Free Trade Zone.  These apartments are due for completion in the second quarter of 2011 and offer some commercial areas in addition to the residential  apartments with five floors of parking.The turnkey rental package targets all sectors of the rental market including tourists, business people and medium term lets, providing great potential to maximise returns on investment with the benefit of full management from a world renowned specialist operator.There are a choice of execuitive suites and one bedroom apartments just 15 minutes from RAK International Airport, enjoying spectacular views over the city, creek and sea, and also boasting a roof top swimming pool and sun terrace.  Owners of the property can enjoy up to four weeks personal use a year.  There is also an option of removing the property from the rental programme for residential occupation should the purchaser wish to do so.This Emirate is just 45 minutes from Dubai and has a stable economy that has seen a 50% increase in GDP in the last three years.  There are plans for 2.5million tourists by 2012 and this is supported by a reported increase of 40% in tourism in 2007, in addition to reported hotel occupancy of 93%.The area has flourishing free trade zones and the RAK Financial City is destined to become the new hub for the offshore financial operations of the regional business community.  It will also enhance the cultural and social fabric of the Emirate and become a major tourist attraction.