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Ras Al Khaimah's first freehold - Al Hamra Village - is expanding

New Al Hamra Village project has starting prices of Dh1.2m as freehold boom continues

Last updated: July 18, 2025 | 09:26

Manoj Nair, Business Editor

2 MIN READ

The Al Hamra Village keeps expanding as Ras Al Khaimah keeps attracting new - and even returning - investors.

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Dubai: Ras Al Kahimah’s first freehold development is seeing an expansion.

Al Hamra Village, launched in the mid-2000s just as the freehold movement in UAE was taking shape, has launched two residential clusters – Al Hamra Greens and Aila Homes – and with prices from dh1.2 million and Dh2.9 million, respectively.

Ras Al Khaimah’s freehold market is continuing its strong showing for a fourth year running. In fact, al Hamra Village was one of the first to cash in as the post-Covid real estate boom started in the UAE. At the time, it also brought out promotions offering multi-year residency visas for investors, much like the Golden Visa did in subsequent years.

Aldar took over the Al Hamra Mall as part of its strategic expansion into markets outside of UAE.

Also Read: Why Ras Al Khaimah is the next big thing for property investors in UAE

These days, Ras Al Kahmaih’s real estate market is also feeling the pull of the prestigious Wynn Resorts project, with its extensive hospitality and casino experiences. (The project is scheduled for opening in 2027.)

For Al Hamra Greens, the developer has taken inspiration from Scandinavian design elements. Located opposite the RAK Central mixed-use development, there will be 1,754 apartments in 1- to 3-bedroom formats.

RAK's 'nature-rooted lifestyles'

According to Benoy Kurien, Group CEO of Al Hamra, "These launches respond directly to growing customer demand for meaningful, nature-rooted lifestyles.

"They mark a key milestone in Al Hamra’s growth journey."

Investors looking at Al Hamra can also factor in other attractions going forward.

The developer is 'expanding into ultra-luxury' with Waldorf Astoria Residences, Ras Al Khaimah and The Ritz-Carlton Residences, Al Wadi Desert.

First Dubai venture

Al Hamra also confirmed it will launch its first Dubai project. In the recent past, Sahrjah-based master-developer Arada introduced multiple projects in Dubai as part of its expansion.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.