Investment tops Dhs1bn at Al Hamra
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.