Al Hamra Unveils $164m Falcon Island Development In RAK - Gulf Business
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Al Hamra Unveils $164m Falcon Island Development In RAK

Al Hamra Unveils $164m Falcon Island Development In RAK

Falcon Island will cater to the luxury market outside Dubai and Abu Dhabi.

Al Hamra Real Estate Development has revealed a multi-million dollar luxury development in Ras al Khaimah, UAE.

Falcon Island, positioned in the Al Hamra Village master development between Ras Al Khaimah city and Umm Al Quwain, will consist of 150 luxury villas, including 11 waterfront mansions, with private beaches canals and parks.

Mansions on the 650,000 square metre development will reportedly cost $6.4 million each and the smallest villas around $1.4 million.

Building interiors have been designed by Luxury Living and will feature Bentley Home, Fendi Casa and Kenzo Maison furnishings.

The development is aimed to be the first in the GCC to achieve the Platinum level Leadership in Energy and Environmental Design’ (LEED) rating for sustainability.

This will be achieved be generating all electricity for homes, street lighting, water desalination and cooling onsite via solar power, according to the developer.

“Falcon Island is the ultimate in sustainable waterfront living. We’re not just on par with some of the world’s best projects we’re actually topping them. These luxury residences are built to the highest architectural and environmental standards, surrounded by the finest hospitality and leisure amenities,” said Benoy Kurien, general manager of Al Hamra Real Estate Development.

Al Hamra has emphasised the development’s position, away from cities but 45 minutes away from Dubai International, and expects it to appeal to both business and leisure investors.

Falcon Island will be part of the Al Hamra Village site, a seven million square foot development that includes one and a half kilometres of beach, over one thousand villas and townhouses, nearly 2,500 residential apartments, five hotels, an 18-hole golf course, a marina and shopping mall.

The luxury island project is set to be completed by December 2016.


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