Ras Al Khaimah-based developer Al Hamra stated on Wednesday that its newly launched residential venture, Marina Residences – Phase 3, has been sold out.
The brand new venture is an extension of the prevailing Marina Residences overlooking the Royal Yacht Membership of Ras Al Khaimah, and is positioned inside Al Hamra Village residential group..
The tower is the primary off-plan venture pushed by Al Hamra’s “Live & Work” package deal – a restricted provide that gives patrons with a 12-year UAE residency visa, a enterprise license, and a associate visa upon a 20 % down fee.
Benoy Kurien, Group CEO of Al Hamra, stated that the venture’s sell-out offers the corporate confidence to launch extra developments underneath its five-year progress plan, because it continues to help the emirate’s financial progress, tourism technique, and livability agenda.
Al Hamra’s five-year strategic progress plan contains diversified ventures and elevated funding alternatives throughout its present portfolio, with present and upcoming tasks.
(Writing by P Deol; Enhancing by Anoop Menon)
(anoop.menon@lseg.com)
