Al Hamra to tender $272mn Falcon Island project
Dubai developer to invite bids for RAK villa project by end of May
Al Hamra Real Estate Development plans to tender the 200,000m² Falcon Island project, valued at $272mn (AED 1bn), by the end of May.
“We plan to issue the construction tender for Falcon Island by end of May, appoint the main contractor by June and start mobilisation in July,” Barry Ebrahimy, head of commercial at Al Hamra Real Estate Development, told Zawya.
Falcon Island, located between Ras-Al-Khaimah city and Umm Al Quwain, consists of 150 villas ranging from 370 to 715m² with five or six bedrooms, 11 waterfront mansions with eight bedrooms, private beaches, canals and parks and a community centre.
According to the official, infrastructure work will start mid-July.
“The main contractor will start work in July, however, a large portion of the work will start off-site, as we are using pre-cast hollow sandwich walls with polystyrene and utility supplies sandwiched in the middle, allowing for fast construction on-site,” Ebrahimy said.
This will reduce energy loss through the walls by 85% and the villas will be cooled via chilled water running through the pipes.
“The island design follows the sustainable and self-sufficient living concept. We're providing the opportunity for zero-energy but, of course, it depends on the occupier's consumption,” Ebrahimy added.
Shankland Cox, a UK-based company, is masterplanner for the island, while the architect is A++, an Italian company specialising in sustainable development.
Halcrow will supervise the infrastructure design, and Luxury Living, an Italian firm, will do the interiors. Furnishings will be provided by Fendi Casa, Kenzo Maison or Bentley.
The project, which will also feature solar panels on its bridge and community centre, is scheduled for completion in December 2016.
It will be the first residential development in the GCC to achieve the Platinum level Leadership in Energy and Environmental Design' (LEED) rating for sustainability.
Al Hamra also revealed that the company is evaluating tenders for Beyti, a $54.5mn (AED 200mn) residential community within Al Hamra Village, the company’s master development in Ras Al Khaimah.
“We have already received the tenders for Beyti and will award the contract end of May to start the construction end-June,” said Ebrahimy, declining to reveal bidders.
The developer has also sold 55 units of the 118 three-and-four bedroom townhouses in Beyti, which will be ready in 2015.