New deal applies to all investors of ready homes at Al Hamra development in Ras Al Khaimah
Al Hamra Village is already a bustling community and hospitality destination in Ras Al Khaimah.
Image Credit: Gulf News Archive
The developer of the Al Hamra project in Ras Al Kahimah – one of the UAE’s first freehold projects – is offering a 12-year residency and a business license to property investors. This is being done in alliance with Ras Al Khaimah Economic Zone.
Investors who buy a ready-to-move-in seafront or golf course view home in Al Hamra Village or Bab Al Bahr get to have this value-added facility. There will also be an additional partner visa as part of the offer. (More than 38,000 companies are currently licensed to operate in the emirate.)
Visa tie-ins could be the next big thing in UAE’s real estate space, as developers prepare/adjust their strategies for a post-COVID-19 investment landscape. It will be interesting to see whether other master-developers in the emirate will come up with their own such programs.
An apartment at Al Hamra Village and Bab Al Bahr starts from Dh292,000. Investors will also have the opportunity to make the payment over a five-year period with a 20 percent upfront payment of the total value.