Leading UAE developer, Al Hamra, Ras Al Khaimah’s (RAK) largest real estate developer and investment company has launched a new 2% payment plan for all its ready-to-move in luxury properties in the family-friendly Al Hamra Village, a first for the Northern Emirates.
Al Hamra will offer aspirational home owners a range of exclusive features including zero down payment, 0% interest, 2% initial payment (deducted from the cost of the property), a 50-month payment plan, 2% payable per month as well as zero commission when buying directly from Al Hamra.
The new payment plan is applicable to all Al Hamra developments and includes the latest addition to the company’s property portfolio, Bayti. A range of properties including villas, townhouses and apartments within the award-winning Al Hamra Village are available and form an integral part of the company’s latest marketing drive, ‘Ras Al Khaimah reimagined’.
Benoy Kurien, General Manager, Al Hamra, said: “This payment plan has been devised to make it even easier for investors to make the initial step onto the property ladder or to upsize from an existing property. We’re giving home buyers the opportunity to move into a luxury property from as little as AED7,200, representing outstanding value for money when the quality of build, wealth of green spaces and number of amenities are considered.
“Each of the developments has received an extremely positive response from the public, as such it is a rarity that we actually have stock available, so this really is a unique opportunity to purchase a property in one of the most desirable locations in the UAE. All freehold properties are ready and not off plan, as soon as they are booked the new owner can move in.”
Amenities include swimming pools, gymnasiums, playgrounds, parks, sea and golf course views, beach access as well as a par 72 championship golf course and a range of F&B outlets including Marina Muse, Pesto and The Bay Sports Bar.
The company is the developer of the prestigious Waldorf Astoria Ras Al Khaimah and the Ritz Carlton Al Hamra Beach, which also form part of the food and beverage, leisure and hospitality offering within Al Hamra Village.
Further endorsing the family-friendly nature of Al Hamra Village is Al Hamra Mall which offers a wide variety of entertainment options with a cinema, big brand shopping and a wealth of casual dining outlets. Al Hamra has recently started construction on the RAK English-speaking school.
The most recent report from Propertyfinder.ae revealed Al Hamra Village to be one of the most popular communities for buying apartments and villas in RAK and the most searched community in the Northern Emirates.
“Property in Al Hamra Village continues to attract interest from a variety of people, it’s therefore no surprise we are one of the most popular residences for investment opportunities or end-users looking for a certain quality life. Returns are also healthy, with wields between 6% to 10% depending on the size of property and the purchase price,” added Kurien.
