150 LUXURY RESIDENCES TO BE BUILT ON A PRIVATE ISLAND IN THE NORTH OF THE EMIRATE OF RAS-AL-KHEIM, PROMISE TO PROMISE A LITTLE CHANGE IN YOUR LIFE. FALCON ISLAND HAS ALL CHANCE TO BE CALLED THIS PARADISE OF PARADISE. THE CREATION AND CONSTRUCTION OF THIS ARTIFICIAL ISLAND IS AN AMBITIOUS PROJECT OF THE AL HAMRA CONSTRUCTION COMPANY FOR THE IMPLEMENTATION OF WHICH 1 BILLION DIRHAMS IS ALLOCATED. HOWEVER THIS CORNER IS SOME BIGGER THAN JUST A SUN, SEA AND SAND. Falcon Island, nestled in the heart of the natural lagoon of Al Hamra Village, could be the first man-made structure of its kind to receive the Platinum Certificate of Leadership in Energy and Environmental Engineering, or LEED, in the Middle East. Houses fully equipped with the latest energy management technologies will have access to many natural energy sources through innovative hybrid cooling systems using solar energy, as well as traditional energy sources for central cooling. Such a system in the Arab States of the Persian Gulf has not been previously applied. In addition to the obvious benefits for residents who will receive more efficient and environmentally friendly cooling systems, the LEED platinum certificate is also extremely attractive to investors.
Firstly, houses with LEED certificates are 30% more expensive than ordinary houses and lose less in value over time. And on the island of Falcon, such houses will cost several times cheaper than in large cities. The range of real estate prices, ranging from 5-room cottages to 8-room mansions, ranges from 87.8 million rubles (5.2 million dirhams) to 389 million rubles (23 million dirhams). The rise in popularity of such houses will lead to a sharp increase in the real estate market in the UAE, where the average prices for the sale and rental of property increased by 30% and 25%, respectively. Nevertheless, renting is on average still 30% cheaper than in Dubai.
Less than a year has passed since the launch of the project, but during this time the calm and serenity of Falcon Island, its remoteness from the insane pace of life in large cities attracted the attention of many buyers and investors from all over the coast. In terms of comfort and luxury of the proposed conditions, this project is not a bit inferior to world leaders. What is meant by this? Beautiful interiors and high craftsmanship. For the first time in the region, Bentley Home will be involved in interior design, and this is their debut in Ras Al Khaimah - Fendi Casa, as well as Kenzo Maison. The presence of giants with such world names, as well as the fact that Paolo Colombo will personally deal with some houses, explains why the very first offers at the construction stage were immediately bought up. At the second stage, 75% of the proposals received for sale were purchased.
“We at Al Hamra are absolutely sure that if you build stylish and modern houses with a reasonable price-quality ratio and high investment efficiency, they will sell themselves. We carefully studied all the features of Falcon Island to maximize the attractiveness of our All our houses on Falcon Island are built according to individual customer requirements - from European-style facades to interior design by renowned world-famous designers Moreover, our clients can already create their own unique homes using a special application that offers many different options. As a result, we get an excellent combination of style, grace and exclusivity - what we call “living in harmony.” In short, investors and families looking for the perfect place to live can safely opt for Falcon Island and no longer spend time searching, "says Benoy Curien, CEO of construction company Al Hamra.
"Although few may have heard of Ras Al Khaimah, Falcon Island's popularity is not accidental," Mr. Curien said. The first offers of luxury townhouses Bayti, another popular project in Al Harma Village, were sold out in a matter of days. 118 three and four bedroom townhouses will be completed by the end of the year, and the total cost of the project will exceed 4.1 billion rubles (250 million dirhams). Among the residents of the district there are representatives of more than 60 nationalities, and out of 2500 apartments, only 58 are currently empty. The same situation in Al Hamra Village with cottages, and Mr. Curien proudly speaks of steadily growing demand.
“We are especially proud of the cultural diversity. We have built more than 1000 cottages and almost 2500 apartments, but we understand that building bricks and cement is not enough to build a good area. That is why we pay so much attention to infrastructure: we have a world-class golf course, a marina for 200 yachts, a modern shopping center, five luxury hotels, as well as restaurants and places to relax. "
With such an impressive track record, Falcon Island will become the undisputed pearl of Al Hamra Village, open a new chapter in the history of the growing UAE real estate market, and also continue the series of outstanding projects implemented by Al Hamra construction company in the Northern Emirates.
