Al Hamra, a leading UAE-based lifestyle developer and investment company, said it has sold all the units within Phase Three of its newly-launched Marina Residences in Ras Al Khaimah.
The Marina Residences – Phase 3 is an extension of the existing Marina Residences development overlooking the Royal Yacht Club of Ras Al Khaimah in the heart of its premium gated community Al Hamra Village.
As the first off-plan project driven by Al Hamra’s exclusive ‘Live & Work’ package – a limited offer that provides buyers with a 12-year UAE residency visa, a business licence, and a partner visa upon a 20 per cent down payment – it offers a hassle-free opportunity for investors, professionals, and freelancers to live and work in the UAE, said the developer.
The sales milestone coincides with progress on the group’s luxury Falcon Island development, with Enervo Contracting & General Maintenance being awarded the infrastructure works contract, said Group CEO Benoy Kurien. The main construction will start upon completion of infrastructure works, he added.