Start of sales: apartments from $245k in Park Beach Residence on Al Marjan Island near the casino under construction in Ras al Khaimah

On June 11, the start of sales of the Park Beach Residence project on Al Marjan Island, where a casino is being built right now, will take place. And this is the most affordable project in the location with apartments starting from $245,000. After the casino opens, prices will soar. EOI – $13,600.

Why it is profitable:

• ROI ≈ 6,0% of the rental.

• Apartments with 1-3 bedrooms – from $245,000

• The first payment of 10% is from $24,500.

• Installment post-handover 0% for 6 years – 50/50.

We will help you earn money:

• We will immediately find you a tenant after receiving the keys and register the lease agreement with the Land Department ourselves.

• We will help you resell at the peak price to maximize your profit.

• As soon as you receive the keys to the apartment, we will connect the light, gas, water and Internet ourselves.

Developer:

DECA Properties & Park Group

By car:

• 30 minutes – to RAK airport;

• 60 minutes – to Dubai.

Estimated ROI from long-term rental:

Annual rent of a 1-bedroom lot in a neighboring location, taking into account the increase in rental rates closer to the delivery of the house — $18,100

Service charge – $2,400

DLD – from $13,040

ROI ≈ 6,0%