Approved Commercial Residential Land Plot for Sale

Leasehold Land Plot in Ras Al Khaimah

High Demand Residential Location

Summary:

- G+ 10 + R Structure
- FAR: 12
- BUA: 88,000 sq. ft#
- 13,700 Sq. ft / 1,270 Sq. meters
- Approved Commercial Residential
- Dafan Al Nakheel Location
- Growing Development Area
- Next Door to Hilton Doubletree

Demand is exceeding supply in and around this location making this land an ideal investment opportunity. In recent years, migration to Ras Al Khaimah, internationally and from other Emirates, has increased on a massive scale creating a huge demand for affordable housing, especially in the Nakheel district.

This land plot has been approved for commercial residential use - the ideal investor may consider a mixed-use building structure to capitalize on:

- Growing demand for affordable homes in the area
- Shortage of hotel rooms and holiday lettings
- Number of companies setting up in Ras Al Khaimah needing office space
- Commercial potential of retail units located within the structure for local market

Analysis of this area shows a number of recent developments have become fully occupied within weeks of opening for rental. After the purchase, building and operating costs, an investor would expect to make profit within three years of structure completion making this an attractive investment prospect - throw in the Ras Al Khaimah property boom into the mix and the potential increases even more. The leasehold is free to request a change of use should they feel they have alternative ideas for the plot.

This land is for sale exclusively through Seven X Consulting, who have been directly appointed by the owner.

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