Al Hamra, a leading UAE-based lifestyle developer and investment company, said it has successfully sold all the units within Phase Three of its newly-launched Marina Residences in the northern emirate of 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% down payment – the development offers a hassle-free opportunity for investors, professionals, and freelancers to live and work in the UAE. 

 

Located in the heart of the company’s flagship, fully integrated residential community, Al Hamra Village, Falcon Island by Al Hamra is an exclusive residential project on twin islands separated by a canal. 

 

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 its top official.

 

"We are delighted to achieve this very significant milestone for our Marina Residences – Phase 3. This is a testament to our commitment towards delivering premier lifestyle experiences to customers and the ability to draw inward investments from around the world to Ras Al Khaimah," stated Group CEO Benoy Kurien.

 

"This gives us the confidence to launch more projects under our five-year growth plan, as we continue to support the Emirate’s economic growth, tourism strategy, and livability agenda," stated Kurien.

 

According to him, Al Hamra’s strategic five-year growth plan includes diversified ventures and increased investment opportunities across its existing portfolio, with both current and upcoming projects. 

 

The main construction will start upon completion of infrastructure works, he added.-TradeArabia News Service