In­vest­ment tops Dh­s1bn at Al Hamra

7 Days in Dubai - - BUSINESS -

More than Dhs1 bil­lion has been in­vested in Al Hamra Vil­lage in Ras Al Khaimah since it was launched in 2003. Ac­cord­ing to Al Hamra Real Es­tate De­vel­op­ment’s lat­est in­vestor na­tion­al­ity statis­tics, the com­mu­nity has wel­comed 99 na­tion­al­i­ties with the UK, Ger­many, In­dia, Rus­sia and the UAE lead­ing the de­mand. Barry Ebrahimy, Head of Com­mer­cial, said: “To date, we have seen more than Dhs1 bil­lion in­vested with Bri­tish in­vestors ac­count­ing for more than Dhs400 mil­lion, Ger­mans Dhs106 mil­lion, In­di­ans Dhs115 mil­lion and Rus­sians Dhs150 mil­lion. “All of our in­vestor are at­tracted by the ex­cep­tional value Al Hamra and Ras Al Khaimah of­fers once com­pared to other neigh­bour­ing mar­kets in UAE.” In its re­port, the RAK-based de­vel­oper re­vealed that 44 per cent of res­i­dents hail from the UK and Europe; 20 per cent from the UAE/GCC; 13 per cent from Asia/Ocea­nia; and the re­main­ing 23 per cent from MENA, the Amer­i­cas and Africa.

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