The Cove [Ras Al Khaimah] - Property Development

Buying or Renting? We Got It All!
Member of The Emirates Network

Home: Property Developments: Ras Al Khaimah: The Cove

The Cove is a beachfront property being built as the second freehold development project in the city of Ras Al Khaimah. The AED 221 million (US$ 60.5 million) beach resort will cover 50 acres and contain 134 Nubian style furnished chalets and a five-star beach hotel. It is located to the south of the city's center along Ettihad Road, approximately a 40 minute drive from the Dubai International Airport.

The hill and island chalets located in The Cove will either be 1, 2 or 3 bedrooms and will have private access to the beach and have their own terraces. The two and three bedroom villas will also have their own private plunge pool.

The unique investment opportunity of The Cove is meant for individuals who would like to have a holiday home, which they visit for 4 weeks of the year, and the remaining 11 months would have a guaranteed 7% net return per annum. The owner also has the ability to sell the property back to the developer at the market value.

Expected Completion Date - Summer 2007
Real Estate Developer - Orascom Hotels and Development (OHD)
Location - Ras Al Khaimah, United Arab Emirates

beach front, terrace, ras al khaima, rak, Ras El Khaimah, ras al khaymah, ras al khayma
flat, flats, condo, condos, condominium, condominiums, apt, apts
sqft, sqm, sq. ft., sq. mtr., skyscraper, skyscrapers, tower, towers, building, buildings
town home, town homes, town house, town houses, town, bed room, bed rooms, bedrooms
story, stories, storey, storeys, floor, floors, home, homes, townhouse, townhouses, villa, villas
freehold, free hold, realestate, development, developments, project, projects, property, properties
buy, buying, sale, sail, selling, lease, leasing, rent, renting, one, two, three, four, five
pic, pics, photo, foto, photos, photograph, photographs, image, images
ras al khaima, rasal khaymah, ra's el khayma, rak Orascom Hotels and Development (OHD), one of Egypt’s largest land development companies Monday unveiled “The Cove”, their first Hotel/Real estate project in the UAE. This pioneering project which is located in Ras El Khaimah is 40 minutes away from Dubai International Airport, using the new Emirates highway, covers 50 acres of pristine beachfront property, and includes 134 Nubian style furnished residences.Samih Sawiris, Chairman of Orascom Hotels and Development, said “The Cove is unique in a sense that it brings an excellent investment opportunity of its kind to the UAE, by giving customers the chance to own property on a beach resort while earning 7% on their investment. Not only are we providing customers with a breathtaking holiday resort, but we’re also giving them a guaranteed annual return on their investment.”Samih went on to discuss in further detail the advantages of owning property in this exclusive resort. He explains that “One is free to holiday at their chalet 4 weeks of the year, and they will be able to collect a guaranteed 7% of their investment for the remaining 11 months. After 3 years, one has the option of either residing at their property or selling it back to Orascom at the market value while taking advantage of a fixed capital appreciation. The final option would be to renew the agreement with Orascom to continue receiving guaranteed returns on rent.”Location of “The Cove” proves to be very convenient because it is close to almost every modern day necessity. He concluded “One can find a beautiful golf course, a choice of shopping malls, supermarkets, international schools, hospitals and not to mention the thriving Ras Al Khaimah Free Zone, all just a short drive away.”

The Cove sits on an idyllic water inlet on the Ras Al Khaimah beach front, just south of Ras Al Khaimah town centre. The Cove resort itself is in close proximity to all modern day necessities such as golf courses, shopping malls, supermarkets, international schools and hospitals.The Cove extends across 50 acres and features 167 exclusive residences with private access to the beach. Featuring one, two and three bedroom chalets, the resort in which the project resides also includes a five star beach hotel property. Each chalet comprises its own terrace and a selection of chalet’s have their own private plunge pool. The Cove represents the perfect blend of unique investment opportunity and location with the inclusion of a 7% guaranteed returnup to 4 years.

Developments

Ras Al Khaimah Freehold

Property Search

In Ras Al Khaimah, UAE

Developers

Articles & Information

Real Estate News


Bookmark Us \| Recommend Us \| Links \| Realtor Login \| Advertise Here \| Contact Us Copyright © 2007 The Emirates Network [TEN]. All Rights Reserved.