Sign up to receive the latest tech news and updates from Property News International straight to your inbox.
By signing up, you will receive emails about property news products and you agree to our terms of use and privacy policy.
@2025 Property News International. All Rights Reserved.
Ras Al Khaimah, UAE - July 18, 2025 - Al Hamra Village, the emirate’s first freehold community, is expanding with the launch of two new residential clusters: Al Hamra Greens and Aila Homes. Prices start at USD 327,000 (AED 1.2 million) for Al Hamra Greens and USD 794,000 (AED 2.9 million) for Aila Homes, signaling continued demand in Ras Al Khaimah’s freehold property market.
Al Hamra Greens will comprise 1,754 Scandinavian-inspired apartments, ranging from one to three bedrooms, located adjacent to the RAK Central mixed-use development. The project embraces sustainable design principles and a strong connection to the natural environment.
“With Al Hamra Greens and Aila Homes, we are launching two unique residential concepts that respond directly to customer demand. Balanced, meaningful lifestyles rooted in nature, a strong sense of belonging, with a focus on the end-user. These launches are a key milestone in our aggressive growth strategy and underscore our vision for Ras Al Khaimah as a world-class place to live, work and invest.”, said Benoy Kurien, Group CEO of Al Hamra.
Since its mid-2000s inception, Al Hamra Village has been a frontrunner in Ras Al Khaimah’s post-Covid real estate resurgence, earlier driving demand by offering incentives such as multi-year residency visas for investors—now mirrored by programmes like the UAE's Golden Visa.
Looking ahead, investor appeal is expected to grow further with the 2027 opening of Wynn Resorts, which will introduce casino and luxury hospitality options to the market.
Al Hamra is expanding into the ultra-luxury space with branded developments, including Waldorf Astoria Residences, Ras Al Khaimah, and The Ritz-Carlton Residences, Al Wadi Desert. It has also announced plans for its first project in Dubai, following similar expansions by regional developers.
This development not only reinforces Al Hamra Village’s strong market position but also reflects the growing appeal of Ras Al Khaimah as a diversified real estate destination, from affordable mid-market homes to high-end luxury offerings.
Recording prime deals, and strong investor demand
With 190 plots, a mosque, and parks, alongside major lake
Ajman real estate investment rose sharply in H1 2025
An entertainment venue in the Diriyah Gate development