Ras Al Khaimah’s Al Hamra Real Estate Development is set to launch phase two of its AED1 billion ($272 million) Falcon Island project at this year’s Cityscape Global in Dubai.
Launched in 2014, the Falcon Island development is a 2.2 million-square-foot (204,387 sqm) island community located within the natural lagoon that forms part of the Al Hamra Village complex. It is due for handover in December 2017. Prices on the project range from AED 1,100 to AED 1,500 per square foot, the developer said in a statement.
The project offers three types of stock – canal homes, beach homes and park homes, which as the names suggest, indicate the location and type of views enjoyed by the property type. All share a design aesthetic described by Colombo as “a cosy Provençal charm”, which channels the south of France. Spread across two storeys, the villas range from 350 square metres to 1,500 square metres. While the houses share a coordinated colour palette and a common typology, personalisation is a key hook here.
Investors at Falcon Island will be able to create their own tailor-made property using a homebuilder app, which will allow them to select the number of rooms, secondary finishes, landscaping and other elements, he noted.
“We have conceived a useful tool for the developer to present the properties that work like those [tools] used to customise cars,” Colombo says. “The client has the opportunity to choose the location, topography and look of the villa, as well as adding additional spaces and amenities, just like you would add options to your car. The result is a document summarising and displaying the choices, as well as the unit and total prices.”
Sustainability is also at the core of Al Hamra’s business strategy for the development. “Falcon Island will be LEED Platinum-rated, which for our residents will translate into a significantly lower carbon footprint. They will also make savings on their utility bills, with homes, street lighting, water desalination and cooling benefiting from solar energy.”
Another project the developer will be highlighting is the freehold Bayti development, a community of 162 townhouses located within the existing Al Hamra Village. Set to be handed over this November, the three and four-bedroom townhouses at the development are priced from AED1.89 million ($514,650) and are set amid three parks, close to a championship golf course, 1.5km-long private beach and a 200-berth marina.