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RAK’s Al Hamra launches five-year payment plan

Al Hamra Real Estate Development has launched a five-year payment plan for its Al Hamra Village properties, allowing investors to buy units from $900 per month

Ras Al Khaimah’s Al Hamra Village features more than 4,000 residential units, five hotels, a golf course, a marina and yacht club, and a mall.
Ras Al Khaimah’s Al Hamra Village features more than 4,000 residential units, five hotels, a golf course, a marina and yacht club, and a mall.

Al Hamra Real Estate Development has launched a five-year payment plan for its Al Hamra Village properties in Ras Al Khaimah, UAE.

With a range of property options, including studio, one- to three-bedroom apartments, villas, and townhouses, the RAK-based developer is confident that its new competitive payment package will find favour among buyers.

AHRED’s latest home financing options will allow investors and end users to purchase completed Al Hamra Village units from $900 (AED3,300) per month.

Barry Ebrahimy, head of commercial services at AHRED, said: “This is an excellent opportunity for people to own a property in the luxurious Al Hamra Village development, which offers a quality build and a relaxed lifestyle.

“The pricing scheme is designed to provide outstanding value for money and the chance to live in one of the most enviable locations in the UAE.”

A 45-minute drive from Dubai, Al Hamra Village comprises more than 4,000 residential units, five hotels, a golf course, a marina and yacht club, and a mall.

“We are very close to 100% occupancy at Al Hamra Village, with only a few [units remaining],” noted Ebrahimy. “That is why we have decided to launch this campaign and help people renting make the transition into home ownership.

“Were an attractive proposition for investors, end users and tenants,” he added. “These are not off-plan or under-construction properties investors will receive after three to five years; these properties are ready to move [into] now.

“Investors can move in after making the down payment and enjoy the property, while making the regular payments over the next five years, unlike buying off-plan – where investors still pay rent while making payments on the new property – therefore saving on this additional expenditure,” Ebrahimy concluded.

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Construction Week - Issue 754
Nov 23, 2019