Should you invest in the apartments in Pacific Al Marjan Island?
It’s time once again for Bayut’s Development of the Month feature, where we present to you the hottest real estate development in the market. This month’s feature is the exclusive residential building complex called Pacific, situated on the shores of Al Marjan Island, Ras Al Khaimah (RAK). The apartments in Pacific Al Marjan Island have a lot to offer, so if you want to invest in the properties in RAK, this development is definitely one to consider. But before we get right into the details, here’s a look at the Pacific Al Marjan Island project in RAK.
PROJECT AT A GLANCE
- Location: Al Marjan Island, Ras Al Khaimah
- Property type: Residential apartments and duplexes with waterfront views
- Developer: Select Group
- Project Status: Delivered
WHY INVEST IN THE PACIFIC APARTMENTS IN AL MARJAN ISLAND
Pacific is the embodiment of luxury that sits on the shores of a pristine beachfront. Investors have a choice from 1,400 residential units that come in configurations of studios, 1 and 2-bedroom apartments, duplexes and serviced apartments known as Gulf Suites. All these units are spread across the six residential buildings; each offering the lifestyle and luxury that’s fitting for both families and singletons. If you are thinking of investing in the apartments for sale in Pacific RAK, here is a look at the splendour it comes with.
1. LIFE IN THE HEART OF AN UPCOMING TOURIST DESTINATION
Pacific is located on Al Marjan Island, Ras Al Khaimah’s very own man-made archipelago. Much like the Palm Jumeirah in Dubai, it features a beautiful promenade with trendy eateries and is home to some popular hotel chains such as DoubleTree by Hilton and Rixos Bab Al Bahar. These leisure options paired with the luxurious residential properties offer an integrated and well-balanced lifestyle for residents. But that’s not all; there is much more planned for this island in RAK. Emaar will be opening their brand of the famed Address hotel, which will add to the allure of the area. As an investor, you get to enjoy all these benefits of a growing development if you invest in the apartments in the Pacific.
2. UNINTERRUPTED SEA VIEWS
There is no doubt that if you invest in Pacific Al Marjan Island, you will be the owner of an apartment in one of the best places to live in RAK. But that’s not all; the apartments in Pacific that face the sea offer the perfect vantage point for views of the sunrise and sunset glistening over the sea. The uninterrupted views of the waves making their way to the shore are what you can enjoy if you invest in the flats in Pacific Al Marjan.
3. PRIVATE BEACHFRONT ACCESS
Apart from the breathtaking views from the apartments, another thing the residents of the flats in Pacific RAK will get to enjoy is direct access to the beach! Al Marjan Island’s beaches are known for their pristine-white sandy shores and sapphire blue waters. So if you are a beach lover, any day can be beach-day if you live here. All you need to do is walk out and head outside!
4. LUXURY LIVING AT AFFORDABLE PRICES
Along with spectacular views and all day beach access, a set of world-class amenities and facilities are also available for the residents here! Those living in Pacific RAK have the choice of a rooftop swimming pool, fully equipped gym and outdoor tennis court; each of which features the spectacular waterfront views.
5. CLOSE PROXIMITY TO DUBAI
One of the biggest benefits of investing in the apartments for sale in the Pacific is that it is just a 45-minute drive away from Dubai. Over the years, the RAK property market has seen rapid growth thanks to the introduction of various new projects, creating a larger portfolio of residential options due to which, many now choose to live in RAK and work in Dubai. Being so close to Dubai, the development of Pacific Al Marjan Island offers the exact investment opportunity for interested buyers, looking to take advantage of everything RAK has to offer.
PAYMENT PLANS FOR APARTMENTS IN PACIFIC AL MARJAN ISLAND
The payment plans for the apartments in Pacific RAK are as follows.
- Studios starting from AED 322,630
- 1-bedrooms starting from AED 517,158
- Pacific Suites starting from AED 626,283
- Gulf Suites starting from AED 711,685
- Duplexes starting from AED 947,964
These plans follow a payment structure: 10% deposit, 40% on contract and 50% over 5-years paid in quarterly instalments (2.5%). The 5-year payment plan is only for 1 and 2-bedroom units.
Find these payment plans appealing? Register your interest in the apartments for sale in Pacific Al Marjan Island with us today!
ABOUT THE DEVELOPER: SELECT GROUP
A leading property developer in the UAE, Select Group began their journey in the region back in 2002. They have since grown to boast a vast portfolio of projects that span over 20 million sq. ft of property. Their most notable projects include many of the iconic towers in the Dubai Marina community such as Bay Central, The Residences at Marina Gate and The Torch, alongside many others!
That’s everything you need to know about investing in Pacific Al Marjan Island. If this is your first time considering investing in the RAK property market, here’s a beginners guide to investing in RAK by a leading expert.
For more information on all the upcoming developments in Dubai and the other emirates, check out the articles on the Market Trends section our blog.
*Cover image credits go to Select Group’s website