Al Hamra, a leading lifestyle project developer in the UAE, has announced the release of the remaining inventory on Falcon Island in Ras Al Khaimah which includes the premium 4–5-bedroom standalone sea-view and 3–4-bedroom canal view villas. 

 

This comes close on the heels of the successful sale of all two- and three-bedroom homes on both North and South Islands, said the Emirati developer.

 

With an upsurge in demand for villas and townhouses in safe destinations away from the metropolises and the busy city lives, the buyers are keen to invest in Al Hamra’s exclusive island living project for their first homes as well as seasonal and second homes in the nature emirate.  

 

Located within a 3-mile growth corridor of the northern emirate in the fully integrated community of Al Hamra Village, Falcon Island is in close proximity of Wynn Resort, the upcoming first of its kind gaming and integrated resort in Mena region. 

 

With open landscaped spaces and expansive frontages that let in the light on canal or ocean views, these contemporary villas aim to deliver a lifestyle that surpasses all previous developments in the emirate, it stated. 

 

Group CEO Benoy Kurien said: "Falcon Island, since its launch, has been serving as an investor magnet, further reaffirming the growing appetite for premium exclusive island living and Ras Al Khaimah as a destination of choice for investing, living, and playing among regional and global buyers."

 

"We have been witnessing a continual shift in the investor demand in waterfront developments and designing projects in response to our customer’s evolving needs provides us an edge, attracting both end-users and investors," he noted.

 

According to him, the exclusive freehold island living project is slated to be completed within two years. 

 

"Enabling works began on site in September and while the groundwork on North Island has finished ahead of schedule, work on South Island is also progressing well. The infrastructure works package for the project was awarded in January 2023 and the main works package will be awarded in February," he added.

 

Catering to the soaring demand for competitively priced beachside and waterfront homes, the newly released inventory of 3 and 4-bedroom canal view villas are priced between AED3 to AED4 million, while the 4 and 5-bedroom sea-view villas are priced between AED6.5 million to AED10 million, offering excellent value for money and long-term returns, said the statement from Al Hamra.

 

The Falcon Island development builds on Al Hamra’s legacy of leading the phenomenal transformation of Ras Al Khaimah into a sought-after destination for living, working, leisure, and investment under its ambitious five-year roadmap that seeks to drive sustained growth in the emirate through strategic developments, it added.-TradeArabia News Service