Dubai: The Ras Al Khaimah-based Al Hamra Real Estate Development is to launch phase two of its Dh1 billion Falcon Island project.

“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 from Dh5.7 million,” Benoy Kurien, the company’s general manager, said.

“Falcon Island will be LEED Platinum rated, which, for our residents will not only 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.”