The award-winning residential community of Al Hamra Village, known for its seafront and lagoon-view villas and apartments, has announced the opening of Marina Residences Phase 3, a new 318-waterfront apartment building. Al Hamra is a leading lifestyle developer and investment company in Ras Al Khaimah.
After Marina Residences’ Phase 2 was finished in 2009, the new project, an addition to the well-known midrise residential structures known as Marina Residences, will feature studio, one-, and two-bedroom apartments. The first off-plan residential project supported by Al Hamra’s “Live & Work” package will be Marina Residences Phase 3.
”We are thrilled to see people from across the world choosing Ras Al Khaimah and our developments for living, holidaying, and investments. With the launch of Marina Phase 3, we are offering affordable options for those wanting to enjoy waterfront community living while having access to world-class amenities. Topping it with ‘Live & Work’ package gives them a freedom of choice to effortlessly start their own business while cutting heavily on the overheads,” said Benoy Kurien, Group CEO, Al Hamra.
Due to its supportive business environment, which includes zero personal tax and complete repatriation, Ras Al Khaimah, a developing tourism and investment hub, is becoming increasingly alluring to investors. The Emirate has also been chosen by Time magazine as one of the top 50 destinations in the world in 2022. As a result, investors in Ras Al Khaimah will access one of the area’s most livable places and profit from the emirate’s cost-competitiveness.