Property in Ras Al Khaimah With Post-Handover Payment Plan
Have you ever considered investing in a property but felt burdened by the upfront costs? Well, you do not stand alone! Many investors have gone through this challenge; however, the good news is that Ras Al Khaimah real estate market has an exciting solution: post-handover payment plans. Post-handover payment plans, highly in vogue recently, provide a relatively easy way of owning a property without immediate financial stress. Now, let's view how this option works and why it is a game-changer for many buyers looking to invest in Ras Al Khaimah.
Understanding Post-Handover Payment Plans
Well, what is a post-handover payment plan? It is pretty simple. Unlike the traditional way, where one has to pay the entire amount of money before taking over the house, a post-handover payment plan allows the payment to be spread over a few years after one has already taken over one's new home. You can start living in or renting the property while gradually completing the remaining payments.
Why Is This Useful?
- Financial Flexibility: It saves you from making a substantial upfront payment.
- Reduced financial pressure, as one will manage cash flow better and make investments without much financial strain.
- Immediate Access: You can have access to your property sooner and immediately enjoy it either as your new home or as a rental investment.
Granada II at Mina Al Arab, Ras Al Khaimah
Granada II , developed by RAK Properties, is a premium residential project offering 2- and 3-bedroom townhouses with a post-handover payment plan. It is one of the most sought-after properties in Ras Al Khaimah. Located in the scenic Mina Al Arab, this development presents a unique blend of luxury, comfort, and convenience.
Key Details of Granada II:
- Starting Price: AED 2,400,000
- Payment Plan: 50:50 (Post Handover)
- Down Payment: Only 10%
- Handover Date: 2026
- Total Units Available: Limited to just 80 units
Why Choose Granada II? The only Post-Handover community in RAK
- Flexible Payment Plan Granada II offers a 50:50 post-handover payment plan, making it easier for buyers to manage their finances. Here’s how it works:
- 10% on the booking date.
- 40% payable in small installments within 18 months.
- 50% post-handover within 24 months.
This flexible plan ensures you can secure your dream home without the pressure of paying the full amount upfront.
- Located in the heart of Mina Al Arab, Granada II offers residents a peaceful lifestyle surrounded by lush greenery and beachfront access. The community is strategically placed to provide easy connectivity to essential amenities and attractions:
- 5 minutes to InterContinental Mina Al Arab
- 7 minutes to Al Naeem Mall
- 11 minutes to RAK Mall
- 12 minutes to RAK Hospital
- 25 minutes to Ras Al Khaimah International Airport
Investor Benefits
Besides that, investing in property systems with a post-handover payment plan has many benefits; they will get an opportunity to optimize their investment without utilizing all their capital at once:
- Cash Flow Management: This helps you manage the finances better, spreading over a few years and reducing the possibility of financial stress.
- Opportunity for Appreciation: While you pay off the property, it is bound to appreciate, giving you net positive returns even before you finish paying.
- Rental Income: When the keys are in hand, one can immediately earn rental income to offset remaining installments and sweeten the deal.
Conclusion
Hence, investing in Ras Al Khaimah's real estate market and a post-handover payment plan is wise and flexible. Further, the luxury properties comprising its inventory include Address Residences, The Ritz Carlton Residences , Manta Bay, and DAMAC Al Marjan Residences, which present an excellent opportunity to own luxury real estate easily.
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