Ras Al Khaimah megaproject: Al Hamra unveils $272m Falcon Island villa development – The National

Ras Al Khaimah megaproject: Al Hamra unveils $272m Falcon Island villa development – The National

Ras Al Khaimah developer Al Hamra unveiled a Dh1 billion ($272 million) residential project as it taps into a broader recovery in the UAE’s property market.

The new project, named Falcon Island, will be built within Al Hamra Village, a residential community that contains a mall, a yacht club and hotels, the company said on Wednesday.

“This mega-development will further underscore Al Hamra and Ras Al Khaimah’s credentials as a multicultural, safe and progressive destination for its residents, investors and visitors,” group chief executive Benoy Kurien said.