AED 5,000,000
Own this from just
20,565 AED/month13,700 sqft / 1,273 sqm
LAND FOR SALE IN DAFAN AL NAKHEELLeasehold 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.
Approved Commercial Residential Land Plot for Sale
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.
Property details
Property Type
Land
Property Size
13,700 sqft / 1,273 sqm
Available from
28 Nov 2024
Location
Provided by
Seven X Consulting FZ-LLC
See all properties (207)Response time
within 5 minutes
Experience
1 year
Closed Deals
1
Languages
English
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Estimate your monthly mortgage payment
Monthly payment
17,995 AED
with interest rate of
3.75%
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Reference
sp--11633413
Listed
13 days ago
Broker License
47013756
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Own this property from just
20,565 AED /month
Fixed rates from: 3.75%
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