Al Hamra unveils Dhs1bn Falcon Island residential project in Ras Al Khaimah

Ras Al Khaimah-based developer Al Hamra has unveiled plans for a Dhs1bn freehold luxury villa project – the Falcon Island – within the Al Hamra Village residential community in the emirate.

Falcon Island is set to be completed in phases within two years of its launch. The North Island will be unveiled as Phase 1 consisting of 240 villas, ranging from two- to seven-bedrooms, with prices starting from Dhs1.2m. Flexible payment options are available including upfront post-handover plans.

The villas offer 120-650 sq m of living spaces, with two to seven en-suite bedrooms, amidst green landscaped plots of up to 1,000 sq m. A few of the properties will have their own exclusive beach and private pools too.

Significantly, 70 per cent of the island will be devoted to open spaces. The project is adjacent to a golf course and a 3-mile corridor with Al Hamra’s luxury hospitality portfolio that includes the likes of Waldorf Astoria Ras Al Khaimah and Ritz Carlton Al Hamra Beach.

In close proximity to Al Hamra Marina and Yacht Club, it features a ferry to and from the marina for residents to park their boat and avail of a ferry ride to the island community.

The Falcon Island community includes amenities such as ladies-only swimming pool, fully equipped gym, a community centre, walking tracks and a tennis court.

The Falcon Island project is located within the Al Hamra Village integrated gated community, with a championship golf club surrounded with lagoons, a marina, yacht club and an array of F&B outlets and a shopping mall.

“This mega-development will further underscore Al Hamra and Ras Al Khaimah’s credentials as a multicultural, safe, and progressive destination for its residents, investors, and visitors. The project will also take private living experience a notch higher,” said Benoy Kurien, group CEO of Al Hamra.

Read: RAK’s Al Hamra earmarks Dhs1bn investment for five-year growth plan

Al Hamra recently announced an five-year roadmap – from 2023-2027 – whereby it has earmarked an estimated Dhs1bn for a development campaign, which will include additions to its existing real estate and hospitality portfolio and optimisation of existing assets.

Al Hamra also earlier this year divested its 27,000 sq m Al Hamra Mall to Aldar Properties for Dhs410m.

Read also: Aldar Properties enters Ras Al Khaimah with Dhs410m acquisition of Al Hamra Mall