It'll be an amazing touristic resort that will attract millions every year! That's beside the booming economy in Egypt, their population growth, and their over-opulated area such as Cairo.
I advice you to confidently invest there.

Regards,
Rammah

Could be another development like Dubai land. Massive developments like these take a long time to come out. But when they do, it is worth the wait.

Regards

Roshan

Dubai property first time buyer... Have been looking at La hoya Bay development...What would give best retrurn ,studio, 1 bed etc...Have agent offering several properties. Hows the area for possible returns. Would Dubai be a better bet? Heard about "Al Marjan Island" any info...

I don't think anyone would be able to guess if studio or a 1 bed would give better returns within any project! Usually the project appreciates as a whole. However, it could be worth checking if the project has more studios than 1 beds, and then buy a 1 bed or the other way around.

Dubai is without a shadow of doubt safer than Al Marjan Island or any other emirate or even any other country almost! Stick to Dubai if you can.

Al Marjan island is a man made island in Ras Al Khaimah, inspired by [copying] the Palms in Dubai. What sort of info on it are you after?

Good luck,


Rammah

Have been offerd appartment choices in LA Hoya Bay Residence. Here there selling very quikly?Agent is through Dream Homes..As i said i am a complete novice to property in Dubai... Have around £200,000 to invest.. Where and what should i buy?

I'll pm you.

Thanks for the reply Rammah... AS to La Hoya ,wondered if it could be a good long term investment for rental?

it's a hard Q to answer, as it will all depend on the amount of planned construction taking place in RAK, and also in the plans that RAK has for the city in general [supply vs demand balance!]. It's clear that RAK is now focusing on tourism, which is good, but I personally would feel more secure investing in a "business city" when it comes to good long term rental investment.

Regards,


Rammah

Many who have invested have done so as a second home. Look at it this way. When Palm Jumairah was in the market, the prices were low. When the properties came into the market, people have reaped a return of 500% on their investment.

Water fronts and beach side properties followed by Golf course side properties tend to do well.

If you have money to spare, you could go for it. Nobody knows how RAK will turn out. The indications are good and hope it moves well.

Regards

Roshan

La Hoya would fall into the long term investment category.

Regards

Roshan