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Al Hamra eyes Falcon Island phase 2 in Cityscape

The multi-million dollar luxury Falcon Island development, which launched in 2014 and is due to be handed over in December 2017, is a 20.4 ha island community

“Phase one of Falcon Island has sold out.
“Phase one of Falcon Island has sold out.

Ras Al Khaimah’s Al Hamra Real Estate Development will launch phase two of $272m (AED1bn) Falcon Island at Cityscape Global.

“The take-up of existing stock at Al Hamra Village has been excellent with occupancy levels at almost 100%. We are marketing three-bedroom villas for under $544,602 (AED2m), which underscores our exceptional value-for-money and the sustainable rental rate increases we have achieved also maintains our competitive edge,” said Benoy Kurien, general manager, Al Hamra Real Estate Development.

The multi-million dollar luxury Falcon Island development, which launched in 2014 and is due to be handed over in December 2017, is a 20.4 ha island community located within the natural lagoon that forms part of the Al Hamra Village complex.

The freehold community comprises a collection of just 150 luxurious five to eight-bedroom Canal, Beach and Park residences, complemented by private beach access, landscaped green spaces, stunning waterfront views and a signature central canal.

“Phase one of Falcon Island has sold out and we are now launching phase two at Cityscape which will include the exclusive beach and canal villas priced competitively from $1.5m (AED5.7m),” added Kurien.

Smart home technology will be a central feature with interior design including high-end furnishings from the UAE’s first-ever Bentley Home Collection and bespoke Italian luxury brands such as Fendi Casa, Kenzo Maison and Alberto Vignatelli’s Heritage Collection.

The second development under the spotlight at Cityscape Global will be the freehold Bayti development, a sustainable community of 162 townhouses located within the existing Al Hamra Village.
 

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Construction Week - Issue 746
Jul 20, 2019