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Key selling points
- Lowest price per square foot in the whole of the Emirates
- Reputable developer
- Superbly located emirate state – just 25 minutes from Dubai
- Very low entry level prices
Rainbow Towers is situated in the state of Umm al Quwain, just a 25 minutes drive from the hugely popular state of Dubai. Offering investors a unique opportunity to purchase in the UAE at a fraction of the cost of Dubai, these apartments will make superb rental investments catering for the thousands of workers servicing Dubai. This delightful development comprises of seven towers and a total of 1008 units. Amenities will include a gym in each tower, grocery stores, pharmacy, drycleaners and several restaurants within the development. The complex has been designed to create a friendly, peaceful and secure neighborhood, with everything residents need to feel right at home. Completion Quarter 1, 2009. The development comprising of seven towers offers a choice of studio, one, two and three bedroom apartments ranging from 308-928 ftsq. All finished to a good standard complete with kitchens and bathrooms. Rainbow Towers has been designed to satisfy a very large gap that has developed over the past two years between peoples' incomes and the rents that they pay. With rents increasing at a much higher rate than incomes, especially in Dubai and now in Sharjah and Ajman, lower income families and individuals are struggling to make ends meet. Umm Al-Quwain is one of the fastest growing neighboring emirates to Dubai. This development is also located within minutes of over $3 billion worth of new development that has been recently announced with such projects as Nujoom Islands and Al Salam City. It is also less then 10 minutes away from the Hamriyah Port of Sharjah. The square footage rate for the Rainbow Tower development is one of the cheapest in the UAE. With the current influx of investment in Umm Al Quwain, neighboring Sharjah, and the increased cost of living in Dubai, we feel that an investment in the Rainbow Towers development could offer tremendous upside potential for both rental income as well as capital appreciation.  Umm al Quwain  Umm Al Quwain is located along the beautiful coast of the Arabian Gulf, between Sharjah to the west, and Ras Al Khaimah to the east and just 25 minutes from Dubai. Approximately 32 km wide and benefiting from unspoilt beaches and an enclosed lagoon with several islands. The biggest of these islands is Sinayah Island lying just one kilometer away from the capital of Umm Al Quwain, it is a natural reserve for a large number of species of birds, flamingos, deers, turtles and Al Qaram trees. Al Salam city is located within Umm al Quwain and is moments from the Rainbow Towers development, it is a popular city with luxurious malls and a wide selection of restaurants, schools, hotels, parks and office towers. Local attractions include cinemas, golf courses, riding centre's, cultural and entertainment centres and parks and an international downtown district that is home to one of the largest malls in the UAE. Set alongside the Persian gulf, residents can also take advantage of the golden beaches and a wide range of water sports including some of the best sailing in the emirates. Reasons to buy in Rainbow Towers? - Lowest price per square foot in the whole of the Emirates
- Unique development catering for gap in the market
- Reputable developer
- Attractive stage payment plan
- Great rental potential, making superb accommodation for low income families
- Very low entry level prices
- Community feeling development with many day to day amenities
- Superbly located emirate state - just 25 minutes from Dubai
- Fantastic amenities internally and communally
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