· Al Hamra Real Estate Development attends International Property Shows in Russia
· Luxury Falcon Island mansions and villas take centre stage at shows in Saint Petersburg and Moscow
· UAE offers Russian investors a safe haven and VIP waterfront lifestyle
One
of the Middle East’s leading luxury property developers is set to
showcase its extraordinary oceanfront properties and world-class
amenities to Russian property investors and high-net worth individuals
when it makes its debut at the International Property Shows in St
Petersburg, and the capital Moscow, early in November.
Al
Hamra Real Estate Development, the developer responsible for bringing
the first Waldorf Astoria to the United Arab Emirates, is one of a
select number of companies to have sheltered from the worst of the last
economic crisis, and with assets of US$700 million currently offers one
of the safest investment opportunities anywhere in the Gulf.
“In
Al Hamra Village, the value of our villas increased on average 22 per
cent in 2014. At the same time, while UAE rents in the two main cities
of Abu Dhabi and Dubai continue to spiral, we still offer tenants
competitive rents which helps boost the demand for rental properties
here in Ras Al Khaimah. This mix offers investors the best of both
worlds,” said Al Hamra General Manager, Benoy Kurien.
With
the addition of 150 luxury homes on the private island that sits at the
heart of the community, the appeal of Al Hamra Village is sure to
increase. A central feature of this US$272 million development - known
as Falcon Island - will be world-leading sustainability features,
characterised by the latest smart city technologies that will provide
residents with healthier air conditioning and allow home owners to
monitor energy consumption.
Falcon
Island properties will also combine best-in-class exteriors designed by
Italian green architects A++, with the exclusivity of luxury home
furnishings that include designs by Bentley Home, Fendi Casa, and Kenzo
Maison. These ranges will be provided by Italian furniture masters
Clubhouse Italia – Luxury Living and will feature only in select
properties.
“The
expressions of interest we have received in Falcon Island have been so
great that we need to recruit several new staff in order to cope with
the demand for these luxury homes. The first offering of limited
properties has already been sold , and over 70 per cent of the second
batch of properties we released has been sold,” continued Al Hamra
General Manager, Benoy Kurien.
“Luxury
brands are one of the more obvious attractions among prospective
buyers, as is the tranquil, low-key setting that Ras al Khaimah enjoys.
But, for commuters, fast and convenient access to major expressways that
offer direct links to Dubai, its globally-connected International
Airport, and Abu Dhabi are also part of the appeal.”
In
addition to its success in developing a robust real estate market
almost from scratch, Al Hamra Real Estate Development has also been a
catalyst in promoting strong growth in the surrounding economy. As a
result, Ras al Khaimah is now growing at a faster rate than the big
cities, with 8 per cent growth across the emirate and 30 per cent within
the RAK Free Trade Zone Area. Over 7,000 companies have set up
operations at the free zone, while the emirate maintains an excellent
credit rating in the “A/A-1” long and short-term ratings list of global
agencies like Standard & Poor.
