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Ras Al Khaimah is no longer just a destination for leisurely holidays where you can soak up the sun on the beaches along the Arabian Gulf. The northern emirate is now a hotbed of a number of waterfront real estate projects with all the trappings of luxury living – be it golf courses, yacht clubs or shopping malls.
One of the new residential projects set for completion next year is the Falcon Island located in the center of Al Hamra Village. It consists of around 150 eco-villas and 11 mansions with private beaches, canals and parks.
The villas and mansions consist of five- to eight-bedroom units, each with a livable area ranging from 4,500 square feet to 17,000 square feet.
The cost of the smallest villa is pegged at around Dh5 million while the biggest mansion will have a price tag of Dh23 million. The residential community is environment-friendly and will be powered by solar technology.
Innovative district cooling measures and various smart technologies at all homes will allow residents to significantly cut down on their utility bills. These green steps are expected to make Falcon Island the first major residential scheme to achieve a LEED Platinum rating.
The island will have a canal dividing the residential cluster into two. The residents will have access to the beaches, a golf course, a marina with a yacht club and shopping malls. A number of luxury hotels are already operating in Al Hamra Village.
Another new development in Al Hamra Village is the Bayti Townhouses which are expected to be delivered by the end of this year. Bayti, which means “my home” in Arabic, is a gated community featuring around 118 three and four-bedroom homes. The amenities include swimming pools, parks and a golf course. A 2,900-square-foot townhouse with three bedrooms is priced at around Dh1.85 million while a 4,500-square-foot four-bedroom townhouse is at around Dh2.3 million.
• Falcon Island project is taking green steps to achieve a LEED Platinum rating
• The residential community will feature a canal to divide it into two clusters
• The smallest villa is at Dh5 million, biggest mansion pegged at Dh23 million
Source: S. Dhar, Special to Properties
The writer is a freelancer