#58 AL HAMRA REAL ESTATE DEVELOPMENT

58-Al-Hamra
Designation : BARRY EBRAHIMY, HEAD OF COMMERCIAL DEPARTMENT

PROJECTS:
» Al Hamra Village in Ras Al Khaimah, UAE
» Waldorf Astoria in Ras Al Khaimah, UAE
» Falcon island in Ras Al Khaimah, UAE
» Bayti in Ras Al Khaimah, UA

Al Hamra Real Estate Development is the leading property developer in the northern emirates and, as part of Al Hamra Group, has become one of most influential and respected real estate companies in the GCC. Having started building Al Hamra Village – its flagship development – in 2003, it is responsible for some of the most luxurious residential and retail properties in the region.

With assets in of AED2.7 billion and over 3,000 employees, landmarks in the company’s impressive history include investments in the luxury and hospitality industry that brought the first Waldorf Astoria to the UAE.

The arrival of such an iconic brand has directly contributed to the growth of tourism in Ras Al Khaimah; more than 21% of hotel stays in the emirate during the first quarter of 2015 were spent at hotels in Al Hamra Village.

Located on the shores of the Arabian Gulf, the integrated community spans an area of 77 million square feet and includes 1.5 kilometres of pristine beach, over 1,000 villas and town homes, and nearly 2,500 residential apartments and many guests return to invest in properties after visiting hotels. An 18-hole golf course, a marina, and shopping mall have also played their part in the popularity of the village; its affordability and the unrivalled returns on investment on offer. As a result, Al Hamra Village boasts full-time occupancy. This has prompted the property developer to concentrate its energy on business segmentation and expansion, its expertise in managing master-planned communities, and developing competencies across four core areas: real estate, construction, hospitality, and leisure. Al Hamra Village offers a unique opportunity to buy freehold property in the emirate. Two projects are currently under construction namely the Falcon Island and Bayti.