Al Hamra Village, a luxury residential and leisure development in Ras Al Khaimah, said yesterday that it has handed over up to 300 townhouses, 85 villas, with 310 apartments across eight buildings.
Another 283 units in the marina are now getting ready for handover following the completion of second phase of the development. About 85 per cent of units in this phase have been sold out and delivery of units is expected to be completed by August.
Construction on third phase of Al Hamra Village is well ahead of schedule, with a phased handover of units scheduled between September 2009 and March 2011. Located south of Ras Al Khaimah City, the 2.5 million sqm residential community is set against a backdrop of salt water lagoons, a golf course and its own marina. Al Hamra Village offers freehold property options.
Romain Felber, General Manager, Al Hamra Village, said: "Ras Al Khaimah has become a popular destination for tourist and business travellers, while there is also a growing number of people who have chosen to live and take advantage of the exciting new opportunities in the emirate.
"Al Hamra Village has been created primarily to complement the emirate's growing reputation as a choice destination for business, leisure and home living. The development has been expertly designed to allow residents to fulfil their dream lifestyle and redefine the meaning of luxury living. Moreover, Phase 2 delivers a fresh supply of nearly 1,000 housing units, which will address the demand for residential properties in the emirate."
Al Hamra Village has also disclosed that the planning for Phase 4 of the residential project is now being finalised and will begin construction soon. Aside from a range of leisure and recreational facilities, Al Hamra Village is fully equipped with essential utilities and services such as efficient electricity and water billing through a card billing system, petrol and diesel distribution pontoon and dispensers and boating facilities within the Marina Yacht Club among others.
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