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Al Noor is a four villas development in the premier residential area of Ras Al Khaimah.
The houses have 3+1 bedrooms each and their own swimming pool. If you missed the boat on Dubai's boom, you are now given a second opportunity.
The younger emerging emirate of Ras Al Khaimah offers you the piece and quiet of a green area also a return on your investment reaching 45 % in one year.
The rental yields are also growing consistently in the area and offering property owners rates up to 15 % a year.
The total area of the development is 2200 sq. ft., the villas are built as bungalows, assuring future inhabitants a luxurious lifestyle. Ras Al Khaimah is only 80 km away from Dubai, but far enough to keep you away from the bustle of a busy and crowded city. |
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Ras Al Khaimah (RAK), one of the seven emirates that make up the United Arab Emirates, is now on a journey to position itself as a favoured investment and tourism destination in the region. RAK’s development agenda set by Crown Prince & Deputy Ruler His Highness Sheikh Saud Bin Saqr Al Qasimi, has witnessed immense success and will promote co-operation and investment in an environment of stability and sustainability, while driving Ras Al Khaimah forward.
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We don't have a time machine. We do have the next best thing: an introduction to Ras al Khaimah (RAK), a little-known neighbour of Dubai that is solidly on the same growth track, only five years behind, offering investors who missed the Dubai surge a unique chance to cash in on the regional real estate boom.
The GDP of Ras Al Khaimah has more than doubled from 1 Billion US Dollars to 2.5 Billion US Dollars in the last five years and this is expected to triple by 2012 to 7.5 Billion US Dollars, driven by a diversified balance of mining, manufacturing, tourism, and real estate. Population growth stands at 12% per year, driven by skilled migrants arriving to staff the Emirate's burgeoning industrial base.
This growth rate is expected to continue for 5 years, driving huge demand for new real estate.
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- The property prices of Dubai 4-5 years ago
- A capital growth of 20-25% a year
- Rental yields of 15 %
- Great property demand
- Tax Free Environment
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