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a step closer to sustainable island as property developer breaks new ground Wednesday 22 April, 2015

Al Hamra Real Estate Development has held an official ground-breaking ceremony for Falcon Island, a luxury AED1 billion residential development that will soon be home to one of the most exclusive and environmentally-friendly pieces of real estate in region. “With exquisite European architecture, some of the finest interiors anywhere in the world, and stunning green […]

Al Hamra Real Estate Development has held an official ground-breaking ceremony for Falcon Island, a luxury AED1 billion residential development that will soon be home to one of the most exclusive and environmentally-friendly pieces of real estate in region.

“With exquisite European architecture, some of the finest interiors anywhere in the world, and stunning green spaces, nothing else in the GCC will compare with what is on offer at Falcon Island. It will also completely redefine the real estate landscape in the northern emirates,” said Al Hamra Real Estate Development General Manager, Benoy Kurien.

“This is something we have been doing for over a decade, and the ground-breaking of Falcon Island is not only another proud moment in our history, but it is also symbolic of new ground we’ve been treading in the property market in Ras Al Khaimah,” he said.

Built to the highest international standards and with LEED Platinum Certification in mind, the 150 exquisite properties that will be built on Falcon Island will offer unrivaled waterfront living and world-leading energy-efficiency specifications, as well as excellent value and a return on investment to rival anything that is on offer in the big cities, said Mr Kurien.

“The prospects of owning a LEED certified property in a booming property market where average sale and rental rates across UAE have been increasing by around 30 and 25 percent, respectively, is one of the key reasons why the first phase of Falcon Island has sold out. LEED properties are 30 percent more valuable and retain more of that value.”

“A second off-plan phase has been released and is also selling out fast, and shows that there is real confidence in the Al Hamra Village brand and the local property market.”

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