The luxury 4-5-bedroom standalone sea view and 3-4-bedroom canal view villas on Falcon Island are now available, according to Al Hamra, the top lifestyle developer and investment firm in Ras Al Khaimah.
The successful sales of all of the two and three-bedroom residences on both the North and South Islands serve as further evidence of the project’s value proposition, the public’s confidence in Al Hamra, and the expanding popularity of the Emirate of Ras Al Khaimah.
Buyers are eager to invest in Al Hamra’s exclusive island living project for their first homes as well as seasonal and second homes in the natural Emirate due to the rise in demand for villas and townhouses in safe locations away from metropolises and the bustling city lives.
The newly released inventory of three and four-bedroom canal view villas are priced between Dh3 million and Dh4 million, while the four and five-bedroom sea view villas are priced between Dh6.5 million to Dh10 million, offering excellent value for money and long-term returns. These properties are designed to meet the growing demand for competitively priced beachside and waterfront homes.
Falcon Island is near Wynn Resort, the forthcoming first-of-its-kind casino and integrated resort in the Middle East and North Africa region. Wynn Resort is situated in the fully integrated community of Al Hamra Village, which is located within a 3-mile growth corridor of Ras Al Khaimah.
These elegantly built contemporary villas seek to provide a lifestyle that surpasses any other constructions in the Emirate with wide landscaped spaces and expansive frontages that let in the sunshine on the canal or ocean views.
According to Benoy Kurien, Group CEO of Al Hamra, Falcon Island has drawn investors since its opening, further validating the growing demand for upscale, private island living and Ras Al Khaimah as a top choice for regional and international customers looking to invest, live and play.
“We have been witnessing a continual shift in the investor demand in waterfront developments and designing projects in response to our customer’s evolving needs provides us an edge, attracting both end-users and investors,” he said.
Under its ambitious five-year roadmap, which aims to encourage sustained growth in the Emirate through strategic developments, Al Hamra’s legacy of inspiring Ras Al Khaimah’s phenomenal transformation into a sought-after destination for living, working, leisure, and investment is built upon with the Falcon Island development.
Within two years, the private freehold island dwelling project will be finished. The site’s enabling work started in September, and while the North Island’s foundation work was completed earlier than expected, the South Island’s work is also going well.
In January 2023, the project’s infrastructure works package was granted, and in February, the project’s major works package.
The launch of the new collection of villas provides purchasers in the UAE and throughout the world with a last-chance opportunity to own a family home in a secure, upscale, and energetic community that redefines island living as investor interest in Falcon Island grows at an accelerated rate.