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Benoy Kurien, the Group CEO of Al Hamra, recently discussed with Al Bayan News the remarkable growth of Ras Al Khaimah as an investment and tourism hub. With its business-friendly environment and attractive cost structure, Ras Al Khaimah continues to captivate global investors seeking opportunities in a thriving social and economic landscape. In this article, we delve into Al Hamra’s commitment to a five-year strategy and their portfolio of waterfront projects, including the latest launches and upcoming developments.
The Portfolio: Setting New Standards for Success
Al Hamra, a leading developer in Ras Al Khaimah, takes pride in its extensive portfolio of waterfront projects encompassing residential, hospitality, retail, leisure, and entertainment developments. With a focus on offering the finest lifestyle experience in the region, Al Hamra attracts users and investors through a vibrant and distinctive integration of work and modern life. Let’s explore some of their notable projects.
Al Hamra Golf Club: Where Leisure Meets Luxury
Al Hamra Golf Club stands as a premier leisure destination, combining the joys of golfing with luxurious amenities. With its stunning views and top-notch facilities, this waterfront golf course is a haven for golf enthusiasts and those seeking a relaxing escape in Ras Al Khaimah.
Al Hamra Waterfront: A Thriving Hub of Activities
For a dynamic and bustling experience, head to Al Hamra Waterfront. This vibrant destination offers a myriad of entertainment, dining, and shopping options. With a beach promenade connecting all hotels, visitors can indulge in a unique coastal experience surrounded by restaurants, cafes, and exciting entertainment venues.
Falcon Island: Embrace a Luxury Island Lifestyle
Experience living reimagined at Falcon Island, an exclusive project launched in 2022. Falcon Island offers luxury waterfront residential units, serving as an ideal haven for those seeking tranquility and natural beauty. With completion scheduled for 2024, Falcon Island promises exceptional investment value and long-term returns.
Marina Residences Phase III: Waterfront Living at Its Finest
Marina Residences Phase III, an extension of the renowned Marina Residences project, offers 318 waterfront apartments in the heart of Al Hamra Village. With breathtaking sea and lagoon views, these apartments cater to residents’ needs while maintaining the highest standards of location, design, and aesthetics.
Waldorf Astoria Ras Al Khaimah: Iconic Luxury Accommodation
Waldorf Astoria Ras Al Khaimah, a prestigious waterfront project, represents the epitome of luxury accommodation. This iconic hotel offers a remarkable experience, blending elegance and impeccable service. Guests can indulge in world-class amenities while enjoying the breathtaking surroundings of Ras Al Khaimah.
Al Hamra International Exhibition and Convention Centre: The Largest Waterfront Exhibition Center
Al Hamra takes pride in owning and operating the region’s largest waterfront exhibition center. The Al Hamra International Exhibition and Convention Centre serves as a premier venue for hosting conferences, exhibitions, and events, further enhancing Ras Al Khaimah’s reputation as a business and tourism hub.
Latest Launches and Upcoming Projects: Catering to Growing Demand
Al Hamra continuously strives to meet the evolving demands of international investors and residents seeking a luxurious lifestyle in Ras Al Khaimah. Here are some of their latest launches and upcoming projects that contribute to the emirate’s growth and transformation.
Falcon Island: Redefining Island Living
With the increasing demand for luxury island living, Falcon Island was introduced to cater to discerning buyers. This iconic project is set to meet the high demand for waterfront residential units and promises to be completed by 2024, offering a unique blend of tranquility and natural beauty.
Marina Residences Phase III: Adding to Al Hamra Village’s Appeal
Al Hamra is currently working on the third phase of Marina Residences, a project within the renowned Al Hamra Village. With its unique location and stunning sea and lagoon views, Marina Residences Phase III contributes to the appeal of Al Hamra Village as a sought-after residential destination.
New Waterfront Project: Enhancing the Beachfront Experience
Exciting developments are on the horizon for Al Hamra Village. A new waterfront project is set to connect all hotels through a beach promenade, providing visitors with an unparalleled experience of entertainment, world-class dining, and vibrant cafes. Opening later this year, this project aims to elevate the hospitality scene in Ras Al Khaimah.
Partnership with Accor: Introducing the Sofitel Brand
Al Hamra’s partnership with Accor signifies a significant milestone in the hospitality and entertainment industry of Ras Al Khaimah. This collaboration will introduce the prestigious Sofitel brand to the emirate, further enhancing Al Hamra’s position and contributing to the growth of Ras Al Khaimah’s tourism sector.
12-Year Property Residency Visa: An Attractive Incentive
To attract investors, Al Hamra has launched a residency and work initiative that offers a 12-year residence visa and work license upon purchasing selected properties. This initiative aligns with Ras Al Khaimah’s provision of 100% freehold ownership in free zones for all nationalities. With efficient licensing, approval processes, and residence visas for investors and their families, Ras Al Khaimah has become one of the fastest-growing tourism markets in the MENA region.
FAQs
1. What is Al Hamra’s portfolio in Ras Al Khaimah?
Al Hamra owns numerous waterfront projects encompassing residential, hospitality, retail, leisure, and entertainment developments. Notable projects include Al Hamra Golf Club, Al Hamra Waterfront, Falcon Island, Marina Residences Phase III, Waldorf Astoria Ras Al Khaimah, and the Al Hamra International Exhibition and Convention Centre.
2. What are the latest launches by Al Hamra?
Al Hamra recently launched Falcon Island, an exclusive island life project catering to the demand for luxury waterfront residential units. Additionally, they are working on the third phase of Marina Residences, further enhancing Al Hamra Village’s appeal.
3. What upcoming projects can we expect from Al Hamra?
Al Hamra has plans for a new waterfront project in Al Hamra Village, connecting hotels through a beach promenade to provide a unique entertainment and dining experience. They are also introducing the prestigious Sofitel brand through their partnership with Accor.
4. Does Al Hamra offer any residency incentives?
Yes, Al Hamra offers a residency and work initiative that provides investors with a 12-year residence visa and work license upon purchasing selected properties. This aligns with Ras Al Khaimah’s provision of 100% freehold ownership in free zones for all nationalities.
5. What advantages does Ras Al Khaimah offer to investors?
Ras Al Khaimah offers attractive advantages, including efficient licensing and approval processes, 12-year property residency visas, and 100% freehold ownership in free zones for all nationalities. These factors contribute to the emirate’s position as a fast-growing tourism market in the MENA region.
