A brilliant new island development only 45 minutes from Dubai

La Hoya Bay Residence is the first phase of an ambitious new project on the fabulous made-made Marjan Island just off the coast of Ras Al Khaimah which is one of the smaller emirates that make up the United Arab Emirates. To the local population of 250,000 citizens, this beautiful but compact emirate is affectionately known as RAK.

The self-contained La Hoya Bay Residence comprises of 7 blocks of luxury studio, 1, 2, and 3 bedroom apartments, many of which enjoy sweeping coastal or marina views and are set in lush green landscape grounds. When complete the La Hoya Bay area will feature a quality office village, luxury marina, superb waterfront with a floating restaurant as well as branded retail outlets, swimming pools and relaxing bars.

Waterfront and island property in Ras Al Khaimah can currently be purchased for much less than comparable Dubai properties. With such advantageous prices, it is hardly surprising that Ras Al Khaimah properties are now finding favour with switched-on international property investors.

Ras Al Khaimah Property - The New Dubai?

Investors buying property in Ras Al Khaimah are finding that they are doing business in an emirate that has fantastic capital growth and rental potential. Furthermore, Ras Al Khaimah offers freehold property status and levies no income, capital gains or corporation tax; a favourable legal and fiscal regime has been put in place by the government with the specific aim of encouraging inward investment from overseas property buyers.

In many ways Ras Al Khaimah is better geared to handle the expected surge in international interest than Dubai was when it first opened its doors to overseas investors. Having witness the eye-catching, but high-density developments in Dubai, the authorities in Ras Al Khaimah are adopting a low key approach. The Emirate is aiming to offer a more relaxed lifestyle choice compared to the brashness and bustle of Dubai.

Marjan Island

Marjan Island is an amazing feat of civil engineering which easily matches the islands taking shape in nearby Dubai. The island is just 45 minutes from Dubai International Airport and 15 minutes from RAK International Airport. Marjan Island is the first man-made island project to be developed in Ras Al Khaimah. Although named Marjan Island, this imaginative land reclamation project is actually a group of five linked coral-shaped islands which extend over 2.7 million m2 and cost over USD1.8 billion to create.

The developer intends Marjan Island to become a haven of luxurious living and an unsurpassed leisure destination. When completed, the whole incredible development will incorporate sumptuous waterfront homes, floating villas, resort hotels, sporting facilities and commercial areas.

La Hoya Bay Residence Features:

• Modern Mediterranean design
• 24/7 concierge service
• Multiple security systems
• Secure gated community
• Covered parking at ground and basement level
• Intelligent home automations and SATCOM TV
• Professional housekeeping service
• High speed lifts
• Energy efficiency building system

La Hoya Bay - General Amenities:

• Marina and yacht club
• Water front restaurants and coffee shops
• Five star health club and spa
• Supermarket, laundry and designer boutiques
• Access to Al Hamra Village Golf Course
• Private beaches and other recreational zones
• VIP taxi service
• Outdoor temperature controlled swimming pools + children pools
• ATM machine
• Valet parking
• On site medical clinic