PROJECT - Ras Al Khaimah: PACIFIC

[Morrismarina]

LATEST DEVELOPMENT FROM SELECT PROPERTY

http://www.selectproperty.com/invest...about-pacific/









Link to Floorplans:

http://www.selectproperty.com/invest...c/floor-plans/

Taking its inspiration from the famous Palm and World Islands along the coast in Dubai, Pacific on Al Marjan Island is on the first man-made island project to be developed in Ras Al Khaimah.

Pacific offers owners the laid back, stylish, beach-front lifestyle so sought after in the glamorous emirates. With access to their own private white-sand beaches, rooftop infinity pool and boasting the most spectacular views of the picturesque mountain backdrop and Arabian Gulf, it’s simple to see why comparisons are drawn with Palm Jumeriah in Dubai.


An Island of rental opportunity

Only 45 minutes from Dubai International Airport, Pacific offers the ideal buy-to-let opportunity. Commuters wanting to escape the hustle of the Dubai city lifestyle are re-locating to neighbouring Ras Al Khaimah. Pacific is easily accessible by air, car and soon, by a £1.7billion Emirate train network. The cheaper cost of living combined with the cosmopolitan mix of residents has given rise to a new demand for high quality accommodation, rental-yields are rising and capital appreciation is set to beat 20% in 2008. Beach front studio, 1 bed and 2 bedroom apartments are available in Pacific, the perfect investment for capital returns and long-term rental opportunities.


The UAE’s best kept secret

As well as the perfect home or second home, Pacific appeals to holiday tourists looking for the next UAE holiday destination that can offer the five-star experience away from the jostle of downtown city living. Relaxing on a private beach with the clear waters of the Aegean absorbing the year-round sunshine, Pacific offers holiday-makers the security of a peaceful retreat, 24-hour security, maid service and a full range of leisure activities.

Sauna, steam rooms, Jacuzzis and the glass-topped gym and health club offers something for everyone, with an expansive range of dining and shopping facilities for the warm leisurely nights.

Why Select Pacific?

Pacific in Ras Al Khaimah’s Al Marjan Island has been carefully selected in accordance with Select Property’s five key principles:
1. Price – luxury beach front studio apartments in Pacific start from only £55,990/€71,998/ AED 403,131.

2. Ease of Purchase – Guaranteed developer payment plan. No mortgage needed. Spread your payments over 15 years, no need to apply, every purchaser qualifies! Pacific payment plans

3. Location – Located just 45 minutes from Dubai International Airport and 27km to Ras Al Khaimah’s city centre, Pacific on Al Marjan Island occupies a perfect position on the coast of Ras Al Khaimah.

4. Desirability – Pacific, Al Marjan Island sits on the emirates longest coastline of Ras Al Khaimah with magnificent views and breathtaking natural beauty. Crystal blue waters and white sandy beaches give Pacific Al Marjan Island a distinctive appeal to investors and holiday-makers.

5. Credibility of the Developer – Select Group have successfully launched five off-plan developments, generating over $1billion worth of sales revenue with Select Property. As Select Property is now developing its own projects, this movement into development endorses Select Property’s customer driven strategy, enabling us to offer you the benefits of a 15 year non-status payment plan and the security of an escrow account, neither of which is currently offered by any other developer in Ras Al Khaimah.

Pacific Facilities

Owners and residents of Pacific’s luxury beach-front properties benefit from a list of facilities including:

glass topped gym & health club
rooftop infinity pool
concierge service
transfers to and from airport
sauna
steam room
jacuzzi
children’s pool
shopping and dining facilities
maid service
reception
24 hour security
car parking

The Developers- Select Group & Select Property

Select Group has successfully launched five off-plan developments on Dubai Marina, generating over $1billion worth of sales revenue. Select Property has maintained exclusive sales and marketing rights over 4 of these sell-out developments. Select Group and Select Property are now developing this exciting new joint projects and Pacific endorses both companies customer driven strategy, enabling us to offer you the benefits of a 15 year non-status payment plan and the security of an escrow account, a combination not currently offered by any other developer in Ras Al Khaimah.

Pacific Payment Plan
Non-status payment terms available to all! No mortgage required!
For properties purchased in Pacific, customers can select from a choice of standard payment plan or a non-status lengthy payment plan.

Standard Payment Plan:
£3000/€4200 reservation fee
15% on exchange of contract
15% September 2008
15% March 2009
15% September 2009
15% March 2010
15% September 2010
10% Completion

Non-status Lengthy payment plan:
£3000/€4200 reservation fee
15% on exchange of contract
15% six months thereafter
Quarterly instalments spread over 15 years

Completion June 2011

About Al Marjan Island

Located on the longest stretch of coastline in the UAE, Al Marjan Island is a series of five isles stretching 2km into the Arabian Gulf. Taking its inspiration from the famous Palm and World Islands along the coast in Dubai, Al Marjan Island is the first man-made island project to be developed in the Ras Al Khaimah. Comparable developments on Palm Jumeirah Dubai experienced a 500% increase in property value over past 6 years.

Comprising of five coral shaped islands, Al Marjan Island has been meticulously planned to incorporate the most environmentally friendly practices during construction to ensure multi-levelled sustainability of the project. Over two million pieces of natural rock have been cautiously and carefully laid to attract coral life and create a breathtaking underwater paradise, unique to the Arabian Gulf. Encircled by crystal blue waters and enjoying the natural beauty of Ras Al Khaimah, Al Marjan Island will be home to the Pacific development, hotels, villas, business buildings and marinas of the highest quality, further supporting the demand for high quality residential developments.

How to get there:
Ras Al Khaimah is just a 45 minute commute along the Emirates highway to Dubai International Airport and 27km to Ras Al Khaimah’s city centre, making it an attractive residential location. Plans are place to provide a hovercraft service between the two cities further reducing commuting time.

Work is also underway on the $3billion Emirates national rail network project which will span 700km across the emirates connecting Ras Al Khaimah through Sharjah, Dubai and Abu Dhabi. The ease of accessibility to Ras Al Khaimah has encouraged more and more Emirate locals and tourists to explore its natural beauty resulting in a 40% increase in tourism during 2007.

About Ras Al-Khaimah

The best kept secret of the UAE - The furthest north of the UAE's seven emirates, Ras Al-Khaimah covers an area of 656 square miles and is arguably the most scenic Emirate. Ras Al-Khaimah boasts the longest stretch of coastline in the Emirates offering miles of white sandy coastline, untouched beaches and picturesque mountains. Three free-flowing dual-carriageways link Ras Al Khaimah with the other emirates and the newly expanded 'Emirates Highway' has reduced the journey from Ras Al Khaimah to Dubai International Airport to only 45 minutes.

Ras Al-Khaimah has witnessed massive development in recent years and is now a modern emirate with international schools, hospitals and amenities. Recently, Ras Al Khaimah began an ambitious phase of development including investments in infrastructure improvement, tourism, property, shopping, and efforts to attract industrial and commercial enterprises. Among the most important of these endeavours is the establishment of the Ras Al Khaimah Free Trade Zone (FTZ).

Since 2000, $25 billion of domestic and foreign investment has poured into Ras Al Khaimah. By 2006, 2,400 companies had already registered with the FTZ, the largest, most effective and most environmental friendly free zone in the Gulf Region.


Tourism

With world class infrastructure, a tax-free environment and all the facilities you expect from the world class United Arab Emirates, Ras Al Khaimah is attracting tourists from around the world and the Emirates. Tourism figures rose 219% between 2005 and 2006.

Following Dubai's lead of offering world-class attractions, Ras Al-Khaimah will play host to some fascinating developments and the multi-billion-dollar Desert Snow Village, set to target 15 million visitors annually. The Emirate is also constructing WOW RAK, a $200 million theme park project with the largest man-made waterfall in the world.

Ras Al Khaimah's calm turquoise waters provide the ideal setting for a range of water-sports, including sailing, scuba-diving, water skiing and jet skiing. For those who prefer dry land, activities such as karting, mountaineering, biking and trekking are also on offer.

At the heart of Ras Al Khimah, only 27km southwest of Ras Al Khaimah town centre are the Al Marjan Islands, the first man-made island project to be developed in the emirate. The Al Marjan Islands comprises five man-made coral-shaped islands, covering over 2.7 million m2, and is designed for residents and holiday makers. Home to a world class marina and marina village, Al Marjan Island will boast a water theme park to rival any in the Emirates.

Industry Boom

Ras Al Khaimah’s main industry export is Concrete, Ceramics and Pharmaceuticals. RAK Ceramics is the largest ceramics producer in the world, exporting to 135 countries on five continents and providing developments in the local are with quality, cost effective building supplies, thus keeping building and development costs lower than its neighbours.

The emirate is also the base for some India’s biggest multinational companies leading players such as Ashok Leyland, JBF Industries and Dabur have all established manufacturing bases in RAK and the emirate provided a scenic backdrop for five Bollywood movies in 2006 and many production teams have set up permanent bases in the emirate.

Business and personal relocation to Ras Al-Khaimah has been a popular choice for Dubai residents and non-UAE nationals looking for a relaxed pace of life, and a retreat from the city crowds, without missing out on all the trimmings of a five star Emirate. With a rapid acceleration in tourism and re-location property, the demand for accommodation is raising both annual rental yields and capital appreciation.

[bizzybonita]

samiliar design of al-bandar project (aldar Holding) at AD ALRAHA BEACH

[Dubai_Steve]

Due to height restriction - buildings will be only 8 stories now. 2 more buildings will be added.

[Anjam]

Is the reclaimation of that part of the island complete?

[Yousuf27]

Originally Posted by Anjam

Is the reclaimation of that part of the island complete?

No - at least not according to an aerial photo posted a few days ago. Progress is good but at a complete guess - this might be ready to build on late this year. I think SP's original tbc claim that completion would be end of 2010, - is optimistic, although the design of the blocks appears simple enough. They could probably throw them up fairly quickly. They did at least say in the e-mail they sent me that the completion date was to be confirmed. I expect the confirmed date to be in 2011.

[Anjam]

Originally Posted by Yousuf27

No - at least not according to an aerial photo posted a few days ago. Progress is good but at a complete guess - this might be ready to build on late this year. I think SP's original tbc claim that completion would be end of 2010, - is optimistic, although the design of the blocks appears simple enough. They could probably throw them up fairly quickly. They did at least say in the e-mail they sent me that the completion date was to be confirmed. I expect the confirmed date to be in 2011.

Yousuf> The blurb on their website reads completion in 2011. Has anyone got a price list they can upload showing sq.ft?

[Anjam]

Also I can't find any floor plans in the floor plans section of the website. I am going nuts ?

[thetorch]

Anjam,

I met SP at their UK office last week to check out Pacific for a punt. Looking at 1, may be 2 studios.

So far, only renders, price lists available within the company. No floor plans yet released to their team (awaiting from SP Dubai I think), but should be soon, as they need this for formal reservations, being issued shortly.

Had confirmation of 16 floors at that stage, so not sure about the 8 floor max comments posted earlier. If so, I have reserved fresh air (floors 10 and 11) At least I won't be cold up there and will have a hell of a view

Anybody care to confirm this from SP?

Have asked lots of Q's, got lots of A's.

Feel free to contact me on my private email (justaboutanything@thetorchdubai.co.uk)

The Torch
(absolutely nothing to do with SP, apart from I live near 'um)

[yecabel]

Originally Posted by Dubai_Steve

Due to height restriction - buildings will be only 8 stories now. 2 more buildings will be added.

???

[Yousuf27]

Originally Posted by Anjam

Yousuf> The blurb on their website reads completion in 2011. Has anyone got a price list they can upload showing sq.ft?

....yes, but SP e-mailed me stating Dec 2010 tbc. Mind you they were also bigging up that they were the only developer to be allowed to build 18 floors! I didn't understand why this was being pushed as a "feature." This is what they wrote:-


Please find below the information for the development that we have just launched:-

Price List – Attached

Floor Plans – Attached

Completion Date (to be clarified for definite asap) December 2010

Facilities

Each block has an infinity pool on the roof of the building

5 swimming pools in total

Health Suites

Private Beach (one of only a few developments in the UAE)

Restaurants

Business Conferencing facilities

Concierge Services available

Unique 18 story high allowance, normal restriction is 8 stories

Parking space included within the price

All properties benefit from sea views

Optional 15 year payment plan available

Endless more which will be clarified at a later date

[Irishka]

Hi everyone
Has anyone got any news on when the project is being officially launched and when we can buy apartments there?

The website has been updated for the floor plans of each apartment and a townhouse... Also from the picture I don't quite understand where the townhouses will be? (and a layout of 2 bedroom townhouse is rather odd)

Last time I spoke to the Select Property was on Thursday and they were talking about some problems with obtaining a planning permission....?

[Yousuf27]

Originally Posted by Irishka

Hi everyone
Has anyone got any news on when the project is being officially launched and when we can buy apartments there?

The website has been updated for the floor plans of each apartment and a townhouse... Also from the picture I don't quite understand where the townhouses will be? (and a layout of 2 bedroom townhouse is rather odd)

Last time I spoke to the Select Property was on Thursday and they were talking about some problems with obtaining a planning permission....?

I all looks a bit crowded now. Not much space between those blocks and I can't see anywhere you could build townhouses. I guess there have indeed been some planning "misunderstandings" - the reduction from 18 floors to 8 is a good example. That's why the plot appears so buildt up now - I guess the developer will be trying to recover those 10 lost floors by cramming in more blocks.

[DavidR]

Anybody able to post a price list ?

[Jasmine's Dad]

I received an email today from Select advising that prices on this development are going up by 4% on 15th April!!

[Þróndeimr]

Height restrictions, why?

[Yousuf27]

Originally Posted by Þróndeimr

Height restrictions, why?

Everything on Al Marjan Island is relatively low rise by design and thankfully the original policy for the heights on the plots is being enforced - so far. I was slightly worried when SP stated that they had special authorisation to build 18 floors instead of the 8 quoted on the island plot map. It turned out that SP were mistaken (or someone in authority reversed the decision!) and they didn't have the go-ahead for 18 floors at all. In general it has to be good that the authorities overseeing the island project are sticking to the plan. Whe you look at the cavalier attitude to the Masterplan down at Dubai Marina and see the number of pissed off investors who thought they would have a lovely view over the low rise at the water front - only to find it's all change and now three 90+ storey towers will block their dream and they'll in fact be facing a wall of alluminium and glass just a few metres from their balconies. It would be nice to see common sense and planning prevail over consummate greed for a change!

[thetorch]

Originally Posted by Yousuf27

Everything on Al Marjan Island is relatively low rise by design and thankfully the original policy for the heights on the plots is being enforced - so far. I was slightly worried when SP stated that they had special authorisation to build 18 floors instead of the 8 quoted on the island plot map. It turned out that SP were mistaken (or someone in authority reversed the decision!) and they didn't have the go-ahead for 18 floors at all. In general it has to be good that the authorities overseeing the island project are sticking to the plan. Whe you look at the cavalier attitude to the Masterplan down at Dubai Marina and see the number of pissed off investors who thought they would have a lovely view over the low rise at the water front - only to find it's all change and now three 90+ storey towers will block their dream and they'll in fact be facing a wall of alluminium and glass just a few metres from their balconies. It would be nice to see common sense and planning prevail over consummate greed for a change!

Nicely put Yousuf. Personally, after the experience of what is happening at The Torch (which I am sure you are referring to), along with the cavalier, unqualified attitude of DS sales force (18 floors with sea view becomes 8 floors, higher price and no sea view out of greed), I would be very reluctant to invest with them again. Once bitten as they say

[Yousuf27]

I think the design of Pacific is pretty boring - take away the roof styling and what have you got - just boring boxes. I think there are, and will be, much better, more attractive and cheaper, developments to invest in on Al Marjan Island. I also believe the location of Pacifiic is a bit too exposed to weather and it is perched right on the edge and will bear the brunt of any bad weather with consequent high seas. From time to time during the Winter months it may not be a very pleasant place to be - unless you're an avid windsurfer!

[Irishka]

I like the desigh of Pacific. It gives an impression of being light, clean, airy...

The location is also evry good... It will be within walking distance to a shopping mall and all the restaurants...

It has it's own beach and the prices are just over 1,000 AED per sq ft for a studio - that's sounds good to me!

[Yousuf27]

I'm sure people who purchase there will be very happy with Pacific - it just doesn't float my boat for the reasons I mentioned. At 1,000 per sq ft it probably is a good buy!