The first freehold development in Ras Al Khaimah is expanding.
The residential clusters Al Hamra Greens and Aila Homes, with prices starting at Dh1.2 million and Dh2.9 million, respectively, were introduced by Al Hamra Village, which was established in the mid-2000s, as the freehold movement in the United Arab Emirates was beginning to take shape.
For the fourth year in a row, the freehold market in Ras Al Khaimah is performing well. Al Hamra Village was really among the first to profit from the UAE’s post-Covid real estate boom. Like the Golden Visa in later years, it also introduced campaigns at the time that offered investors multi-year residency visas.
As part of its calculated move to enter markets outside of the United Arab Emirates, Aldar occupied the Al Hamra Mall.
These days, the renowned Wynn Resorts project, with its comprehensive hospitality and casino experiences, is also drawing attention to Ras Al Kahmaih’s real estate market. (In 2027, the project is expected to open.)
Scandinavian design features have served as the developer’s inspiration for Al Hamra Greens. 1,754 apartments with one to three bedrooms will be built, across from the RAK Central mixed-use complex.
RAK’s ‘nature-rooted lifestyles’
According to Benoy Kurien, Group CEO of Al Hamra, “These launches respond directly to growing customer demand for meaningful, nature-rooted lifestyles.
“They mark a key milestone in Al Hamra’s growth journey.”
Future attractions can also be taken into consideration by investors considering Al Hamra.
With The Ritz-Carlton Residences in Al Wadi Desert and Waldorf Astoria Residences in Ras Al Khaimah, the developer is “expanding into ultra-luxury.”
First Dubai venture
Additionally, Al Hamra said that it will start its first project in Dubai. As part of its recent development, Arada, a master developer based in Sahrjah, has launched many projects in Dubai.