02 October 2007
Dubai: Al Hamra Real Estate development LLC has launched the Phase 3 of the Al Hamra Village in Ras Al Khaimah, at a total investment value of Dh7 billion.
The sale of the mixed use, residential and commercial property is now also open to investors. The project is expected to be completed in 2010.
"The third phase of Al Hamra will have a core of 14 residential buildings with a total of 3,900 apartments and town houses, which we expect to be ready by end of 2010," Frederic Piras, general manager of Al Hamra Real Estate Development, said in a statement.
Features
"As part of the immediate release, there are 700 high quality luxury villas, plus 1000 studios 1, 2 and 3 bedroom apartments which will be available for sale on a 100 per cent freehold."
Also available for sale, is the luxurious hotel apartments at the magnificent 7 Star Palace Hotel. There are only a limited number of hotel apartments as part of this deluxe beach-front property. The hotel is due to open in late 2008 and is built in an contemporary Arabesque design, keeping up with the rich cultural heritage of Ras Al Khaimah.
The project will also offer penthouses with 180 degree panoramic views of the Arabian Gulf.
By Staff Reporter
Gulf News 2007. All rights reserved.
