Al Hamra launches $272.25 million freehold Falcon Island villa project in Ras Al Khaimah

Ras Al Khaimah-based real estate developer and investment firm Al Hamra has launched an exclusive, freehold, luxury villa project – the Falcon Island – within its Al Hamra Village residential community.

The launch of the island residential project, with a development value of $272.25 million (AED 1 billion), reaffirms the future development plans and vision of Al Hamra and the emirate of Ras Al Khaimah.

The exclusive island community project offers views of Arabian Gulf, the lagoon, the golf course, and the fully serviced marina with the Hajar Mountains at the backdrop.

The modern residential villa development offers a secure community designed for private living, staycations, and holidaying.

The island community can be reached both by land and sea, with ample parking spaces for cars and docking facilities for boats and yachts.

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 part of Phase 1, consisting of 240 villas, ranging from two- to seven-bedroom villas, with prices starting from $326,700 (AED 1.2 million).

The villas offer 120m2 to 650m2 of living spaces, with two to seven en-suite bedrooms, and green well-landscaped plots of up to 1,000m2, some with their own exclusive beach and private pools.

Ras Al Khaimah Falcon Island Al Hamra

The hallmark of the project is that 70 percent of the island will be devoted to open spaces. 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 the Ritz Carlton Al Hamra Beach.

Another significant highlight is the proximity to Al Hamra Marina and Yacht Club, featuring a ferry to and from the marina.

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

The invite-only launch events have been scheduled across the UAE for potential investors, buyers, and brokers.

Benoy Kurien, Ras Al Khaimah Falcon Island Al Hamra
Benoy Kurien, group CEO of Al Hamra

The Group CEO of Al Hamra, Benoy Kurien, said: “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 liveability agenda.

“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. You have to own one to know you are part of something very exclusive.”

Al Hamra Village is a fully integrated gated community, one of very few in the UAE, with a championship golf club surrounded with lagoons on the banks of the Arabian Gulf, marina, yacht club, as well as an array of F&B outlets and a shopping mall.

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