Khoie Properties Second Phase La Hoya Bay Residence launched

Published November 29th, 2006 - 11:16 GMT

La Hoya Bay Residence, the new experience in waterfront luxury and quality lifestyle, today announced the launch of the second phase of the picturesque coastal development of Marjan Island, Ras Al Khaimah. Anticipated to be the ideal weekend getaway, second home as well as wise investment, the Mediterranean style development will be conveniently located for the newly expanded airport and only 45 minutes on the Emirates Road from Dubai.

Phase two comprises of 269 freehold apartments ranging from studio to three bedrooms with floor areas of between 538 and 2,120 square feet. In addition there will be a release of a further 302 apartments from phase one making that a total of 571 apartments being released for sale. Apartment prices range from 412,000 AED to 1,620,000 AED, and they include features such as multiple security systems, state of the art intelligent home automations, and energy efficient building systems. The gated community offers residents the charm and tranquillity of island living with all the amenities and convenience of a contemporary lifestyle on the residential and commercial site.

Frank Khoie, Chairman and CEO of Khoie Properties, the developer behind La Hoya Bay Residence said, “It is expected that the launch of phase two will be met with the same positive response as phase one, as it offers buyers a good investment opportunity as well as flexible payment terms and finance packages to suit all. Not only will this project be the desired holiday destination in the GCC but it will also put Ras Al Khaimah, on the world map of luxury resorts, on par with the likes of Monaco and St Tropez”.
The project focus is on leisure and lifestyle with waterfront restaurants and coffee shops, temperature controlled swimming pools, tennis courts, a five star health club and spa as well as year round water sports. Residents of La Hoya Bay will also benefit from lifetime membership to the on-site 18 hole La Hoya Bay Golf Club, private beaches and other recreational zones. Commissioned on prime island real estate land, with pristine white sandy beaches, the second phase is scheduled for occupation by March 2008.

The purchase of apartments of La Hoya Bay Residence is now available to the public and will be showcased at the Cityscape Exhibition on December 4 – 6. Khoie Properties can be found at the stand of Better Homes, who is the exclusive sales agent of La Hoya Bay. Established over the past 20 years, Better Homes LLC is one of the leading real estate companies in the UAE.

Further details of the development can be obtained from or

• La Hoya Bay
La Hoya Bay Residence is the first of four phases of a new residential concept featuring multi-sized spacious apartments set on private beaches of Marjan Island amidst landscaped lawns, lush foliage and beautiful desert blooms.  La Hoya Bay Residence captures the essence of living a beachfront lifestyle, surrounded by fresh air and Mediterranean architecture buildings styled for maximum beauty and convenience. For more information visit

Khoie Property
Khoie Group is the amalgamation of several companies that Frank Khoie has built over the last 32 years.  Khoie’s first company was founded in Tehran, back in 1973.  In 2005 Khoie Investments Ltd was established in London as the groups’ capital management arm and Khoie Properties as its land development arm.  Khoie Properties is involved in the construction of unique real estate projects distinguished by a clear vision that relies on accurately selecting the unique location and careful target marketing.  It also sets itself apart by adopting a niche marketing strategy focusing on competitive sale prices that are within the reach of many people for title ownership or investment. In all its dealings, Khoie adopts a strategy of transparency and maintains credibility, which it considers to be its most remarkable and main characteristic assets.
For more information visit


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