Al Hamra announces roll-out of Phase Two of Falcon Island residential community
The Falcon Island project is located within the Al Hamra Village residential community, which falls in Ras Al Khaimah’s growth corridor
Ras Al Khaimah lifestyle and real estate developer Al Hamra has announced the roll-out of Phase Two of its island residential community, Falcon Island, which will feature an inventory of 127 townhouses with canal views, as well as standalone villas with sea views.
In a statement, Al Hamra said the rollout follows the successful sell-out of Phase One units, which comprise two-, three- and four-bedroom townhouses. 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, the developer said.
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, it added.
In March 2022, Al Hamra announced a five-year roadmap to boost investment, business, residential and tourism in Ras Al Khaimah.
Group CEO Benoy Kurien 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.”
The Falcon Island project is located within the Al Hamra Village residential community, which falls in Ras Al Khaimah’s growth corridor spanning from Al Jazeera Al Hamra to Al Marjan island.
Kurien highlighted that the project has committed an allocation of up to 70% of the island to open spaces to deliver a lifestyle that surpasses previous developments in the emirate. The $272mn Falcon Island residential project was originally announced in March 2022.
The development is adjacent to a key golf course and a three-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,” he concluded.
In February, Al Hamra said it would sell Al Hamra Mall to Aldar Properties for $111.62mn.
