Al Hamra announces $272mn Falcon Island residential project
Developer says its focus is to develop and invest in upscale lifestyle experiences and quality products
Al Hamra has announced a new luxury villa project called Falcon Island. The island-based freehold residential project will be developed at a cost of $272m and is said to reaffirm the future development plans and vision of Al Hamra and the northern emirate. The project will take shape in the Al Hamra Village residential community.
The residential development will offer a secure, exclusive and vibrant community designed for private living, staycations and holidaying. The island community can be reached by land and sea, with ample parking spaces for cars and docking facilities for boats and yachts, said a statement from the developer.
Al Hamra also said its focus has always been on developing and investing in upscale lifestyle experiences, quality products and services that exceed expectations, through its premier residential real estate, hospitality and leisure developments in Ras Al Khaimah.
According to the developer, Falcon Island is set to be completed within two years of its launch, which will be implemented in phases. The North Island will be unveiled as Phase 1 consisting of 240 villas, ranging from two to seven-bedrooms. The villas offer 120 to 650sqm of living spaces with two to seven ensuite bedrooms, and perfectly blend in the green well-landscaped plots of up to 1,000m2, some with their own exclusive beach and private pools, the developer remarked.
“The Falcon Island project is designed to bring an extraordinary take on an everyday essential offering exclusivity in every way. This is in alignment with Al Hamra’s vision of bringing many firsts and bests to Ras Al Khaimah supporting the emirate’s economic growth, tourism strategy and livability agenda,” said group CEO Benoy Kurien.
The hallmark of the project is that 70% of the island will be devoted to open spaces to deliver a lifestyle that surpasses all previous developments in the emirate. It is adjacent to a world-class golf course and a three 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, the statement noted.
“Our communities have been home to people from over 100 countries, bringing in a global and diverse lifestyle to Ras Al Khaimah. 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,” concluded Kurien.
