I recently bought a LJDF townhouse in Saidia and the company we bought from also have 10m marina berths for sale. Could anywayone who knows about this area advice me on if they think they are a good investment? They are around £19,000 and you pretty much have to stump up the whole amount straight away. I almost booked one but decided to use the money to book two studios in Ras al Khaimah instead (around £27,000 each) and a one bed marina facing apartment. These apartments have a staggered payment structure so I only had to put down 5% for the first 6 months so seemed a much better use of money
I know that only about 140 out of about 850 are being sold and the rest are being kept by fadesa but I figured people won't be sailing there yet for a couple of years so ending up backing out. I basically didn't want to invest in area I know nothing about (ie. sailing!)
From what I have been told about the berths, they would seem to be a very good investment.
The reason I think this is, the prices are considerably cheaper than most marinas on the Med, eg Peurto Banus berths are around 5x the price of the Saidia ones. The second reason is, if Fadesa are keeping the vast majority of berths themselves, it surely shows they have a lot of faith in the berths for future rental incomes or are keeping them until the site is at a more advanced stage, and then releasing more hoping for a higher price.
