Business & Money | Friday 6 March, 2015 10:50 am |

Al Hamra Real Estate Development has taken another step towards its objective of attracting investment in the expanding property sector in the northern emirate, with a spectacular showcase of its luxury properties at the Dubai Property Show in London.

“Our aim in participating in the Dubai Property Show in London is to draw attention to the unique lifestyle that is on offer in the northern emirates, and particularly Al Hamra Village. Once again, we’ve been overwhelmed by the response we have received in London,” said Barry Ebrahimy, Head of the Commercial at Al Hamra Real Estate Development.

Home to some of the most sought after homes in the GCC, including 150 luxury villas and mansions being built as part of the AED1 billion ‘Falcon Island’ project, the Al Hamra Real Estate Development stand was visited by HH Sheikh Mohammed Bin Maktoum Al Maktoum, First Secretary at the UAE Embassy in the United Kingdom.

A phenomenal response at the Dubai Property Show in London was also reflective of growing public interest in Al Hamra Real Estate Development projects, which include flagship residential developments, Al Hamra Village; Bayti, and Falcon Island. Falcon Island has been designed with the aim of becoming the first LEED Platinum certified real estate of its kind, and will boast unrivalled smart city and sustainability features.

“Sustainability is reflected throughout Al Hamra Village, and Falcon Island represents the pinnacle of our efforts to create a safer, healthier place to live. Homes will draw on an innovative hybrid cooling system that uses solar and conventional energy to cool properties from a district cooling facility – a first for the GCC and a feature that will enable residents to take control of their energy consumption,” said Benoy Kurien, General Manager at Al Hamra Real Estate Development.

Nestled on a natural island at the heart of the lagoon at Al Hamra Village in Ras Al Khaimah, properties on Falcon Island will be located just a short 40-minute drive from Dubai International Airport and are fully customisable using a homebuilder app where buyers are already designing their dream home. A select number of properties will be fully interior designed by globally-acclaimed Italian designer, Paolo Colombo.

Beyond the environmental and lifestyle benefits on offer through projects like Falcon Island, and the 118 townhomes that comprise the Bayti development, Mr Kurien said increasing property values and competitive rents offer an ideal scenario for investors.

“Our villas increased in value by an average of 22 percent last year, and out of more than 2,500 apartments, less than 30 remain available on the market. Their value also increased in 2014, however rents remain much lower than in the big cities,” he said.