- Phase 1 of the AED 1 billion residential, freehold, luxury villa project completely sold out within a week of its launch
- Phase 2 includes the release of standalone sea view villas at a starting price of AED6.2 million
- The construction to commence in September 2022 and is scheduled for completion within two years
- The company continues to uphold its promise to build sustainably through this project
Ras Al Khaimah, UAE:Al Hamra, the leading lifestyle developer and investment firm in Ras Al Khaimah, has announced the roll-out of the second phase of its idyllic exclusive island residential community project, Falcon Island at a starting price of AED6.2 million.
This is followed by the successful launch of Phase 1, comprising of two, three and four bedroom townhouses with prices starting from AED1.2 million, all of which have been sold out.
The Falcon Island project is located within the award-winning Al Hamra Village residential community, which falls in Ras Al Khaimah’s growth corridor spanning from Al Jazeera Al Hamra to Al Marjan island. Phase 2 will have an inventory of 127 units featuring semi-attached townhouses with canal view and standalone sea view villas, Investors can benefit from flexible payment options, including upfront post-handover plans.
Alongside the ultra-chic architecture, open tranquil spaces, and unparalleled amenities, the design and construction of Falcon Island townhouses and villas will follow a conscious eco-friendly approach upholding the highest standards of energy efficiency, water conversation, and pollution control. This will be accomplished through a slew of innovative and environmentally friendly initiatives ranging from tapping solar power to leveraging certified green products and low-emission materials. Each unit will come with dedicated charging stations for electric cars and buggies.
Benoy Kurien, Group CEO, Al Hamra, said: “The strong international investor response to Phase 1 reflects on the quality of the offering, long-term returns assured by Falcon Island and the popularity of Ras Al Khaimah as a preferred destination for living and holidaying. We are confident of a similar response to Phase 2. This ambitious development is part of our strategic five-year roadmap, from 2023-2027, to drive sustained growth through projects in alignment with the vision to establish the Emirate as one of the leading investment, business, residential, and tourism destinations.”
Emphasis on open spaces
The project has committed an allocation of up to 70 percent of the island to open spaces to deliver a lifestyle that surpasses previous developments in the Emirate. The development is adjacent to a world-class golf course and a 3-mile corridor with Al Hamra’s luxury hospitality portfolio that includes Waldorf Astoria Ras Al Khaimah, Ritz-Carlton Ras Al Khaimah – Al Hamra Beach, and the upcoming Sofitel Al Hamra Beach Resort, Maxx and Steigenberger hotels by Deutsch Hospitality.
Among other significant highlights is the proximity to Al Hamra Marina and Yacht Club, featuring a ferry to and from the marina where you can park your boat and enjoy a ferry ride back home. The community includes amenities such as a ladies-only swimming pool, a fully equipped gym, a community centre, walking tracks, and a tennis court.
Ras Al Khaimah, one of the seven Emirates that form the UAE, is today the fastest-growing tourism and investment destination in the country. Against a backdrop of the turquoise waters of the Arabian Ocean, it is a hotspot for water sports, from the adrenaline rush of jet skis and water skiing to breath-taking sailing cruises. These are in addition to its natural beauty, the world’s largest zipline, and other historic attractions. With 7,000 years of history, the Emirate boasts of many fascinating cultural sites, mosques, forts, and a historic village. It also offers a competitive business environment with more than 16,000 registered companies.
About Al Hamra:
Al Hamra is the UAE’s leading real estate development and investment company based in Ras Al Khaimah. The group is focused on creating premier lifestyle developments, while investing in hospitality, retail, real estate, and related services.
The company unveiled its five-year roadmap, from 2023-2027, to drive sustained growth through strategic developments. This is aligned with the vision of Ras Al Khaimah’s leadership to establish the Emirate as one of the leading investment, business, residential and tourism destinations.
Al Hamra has been instrumental in shaping the real estate landscape in the Emirate since its formation in 2003. Entities under the Al Hamra brand name include Al Hamra Golf Club, Al Hamra Marina & Yacht Club, Manar Mall, Al Hamra Waterfront, the Sailing Club of Ras Al Khaimah, the multi-award-winning Al Hamra Village and Al Hamra Real Estate Development.
Leading hospitality brands featured at Al Hamra are Steigenberger Residences, MAXX by Deutsche Hospitality, Waldorf Astoria Ras Al Khaimah, The Ritz-Carlton Ras Al Khaimah, Al Hamra Beach and Sofitel by Accor scheduled to open in 2023. Follow Al Hamra on Instagram, Twitter, Facebook and LinkedIn for more updates.
About Ras Al Khaimah:
Ras Al Khaimah (RAK) is the northernmost of the seven Emirates that make up the United Arab Emirates. It is known for its rich history, dating back 7,000 years, and diverse landscape, from 64km of pristine beaches, to terracotta deserts and an imposing mountain backdrop. The Emirate is home to the highest peak in the UAE, Jebel Jais, which features the world’s longest zip line, at almost 3km.
RAK is also centrally located at the modern crossroad between Europe, Asia, and Africa, with one third of the world’s population within four hour is flying time, making it an ideal location for businesses to expand into the UAE, the Middle East and Africa and beyond. Indeed, the World Bank’s Doing Business report ranks RAK 30th out of 190 economies for ease of doing business.
At the Emirate’s economic heart lies multiple major companies and diverse sectoral interests, including manufacturing and tourism. Major companies include RAK Ceramics, RAKBANK, Julphar Pharmaceuticals, RAK Ports, RAK Rock, Stevin Rock, RAK Economic Zone, RAK Gas. Supporting these industries is a modern infrastructure, state-of-the-art industrial areas and business parks and world-class hotels, facilities, and attractions for tourists.
For the past decade, RAK has been consistently rated ‘A’ by Fitch and Standard & Poor’s rating agencies and already the Emirate is home to more than 38,000 businesses from 100 countries representing over 50 industries. RAK Courts is also the fastest court in the world at enforcing contracts in commercial disputes.
