• Ground-breaking ceremony held for limited-edition Falcon Island properties
• Falcon Island homes to redefine the real estate landscape in the GCC region
• Off-plan sales point to confidence in the Al Hamra Village brand
Al
Hamra Real Estate Development has held an official ground-breaking
ceremony for Falcon Island, a luxury AED1 billion residential
development that will soon be home to one of the most exclusive and
environmentally-friendly pieces of real estate in region.
“With
exquisite European architecture, some of the finest interiors anywhere
in the world, and stunning greenspaces, nothing else in the GCC will
compare with what is on offer at Falcon Island. It will also completely
redefine the real estate landscape in the northern emirates,” said Al
Hamra Real Estate Development General Manager, Benoy Kurien.
“This
is something we have been doing for over a decade, and the
ground-breaking of Falcon Island is not only another proud moment in our
history, but it is also symbolic of new ground we’ve been treading in
the property market in Ras Al Khaimah,” he said.
Built
to the highest international standards and with LEED Platinum
Certification in mind, the 150 exquisite properties that will be built
on Falcon Island will offer unrivalled waterfront living and
world-leading energy-efficiency specifications, as well as excellent
value and a return on investment to rival anything that is on offer in
the big cities, said Mr Kurien.
“The
prospects of owning a LEED certified property in a booming property
market where average sale and rental rates across UAE have been
increasing by around 30 and 25 percent, respectively, is one of the key
reasons why the first phase of Falcon Island has sold out. LEED
properties are 30 percent more valuable and retain more of that value.”
“A
second off-plan phase has been released and is also selling out fast,
and shows that there is real confidence in the Al Hamra Village brand
and the local property market.”
In
addition to innovative solar energy sources that include a pioneering
hybrid cooling system and photovoltaic bridge, almost every aspect of
Falcon Island homes will be fully customisable. With their world-class
hallmark, home furniture ranges Bentley Home, Fendi Casa, and Kenzo
Maison will bring a further touch of class to the private island.
