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Select Property has recently announced the first phase of completion for Pacific, its Dh1.1 billion residential project in the UAE. Pacific occupies a prime location on Ras Al Khaimah's Al Marjan Island.
It marked the occasion by inviting new local and international buyers to learn more about the project. The development is now reported to be 85 per cent sold out, with phase one scheduled for occupation in Q2 2017.
Investors from Saudi Arabia, Kuwait and the United Kingdom had travelled in for the event, in addition to German and Russian holidaymakers in RAK being drawn towards the prospect of owning a property on the island.
Al Marjan Island will become key to RAK's future as it cements itself as one of the world's fastest growing tourist destinations.
Pacific is made up of 1,440 waterfront apartments. Studio apartments in Pacific start from Dh350,000 with the offer of a post-completion payment plan. Select has just released the final phase of sales in the project, which includes a selection of top floor units.
- business@khaleejtimes.com
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