Al Hamra Real Estate Development (AHRED), the leading and largest developer in Ras Al Khaimah, has unveiled details of a new partnership with Abu Dhabi Commercial Bank (ADCB), a first for the property developer, to provide mortgage facilities for its expanding portfolio of projects.

 

The newly inked agreement will see ADCB offer mortgage provision for the flagship Bayti development, as well as all existing villas and apartments in the prestigious gated community, with tailored loan packages for approved, qualified customers looking to secure a home or investment in the northern emirate.

“Our partnership with ADCB not only adds a new dimension to our overall investor offering, but is also testament to our reputation as a credible, quality-led developer with a proven track record of on time, on spec and on budget delivery. It also serves to reinforce our commitment to support market demand and develop a master plan that is putting Ras Al Khaimah on the map as an attractive investment destination,” said Barry Ebrahimy, Head of Commercial, AHRED.

The northernmost emirate in the UAE, Ras Al Khaimah has been a leading player in real estate development outside traditional investment areas such as neighbouring Dubai, with established communities such as Al Hamra Village continuing to attract strong investor and tenant interest, by offering value, higher yields and an attractive and affordable rental alternative.

“Our decision to work with ADCB brings with it numerous benefits that directly reflect AHRED’s commitment to service excellence, with the bank team providing professional mortgage consultancy services to new and existing investors,” said Ebrahimy.

AHRED’s flagship Bayti development, which features a sustainable community of 162 townhouses, is nearing completion. The spacious three and four-bedroom townhouses (258 to 372 square metres), are attractively priced and are set amidst three parks, with the championship golf course, 1.5 kilometre private beach and a 200-berth marina a short stroll away.

The Bayti Premium Villas, an exclusive selection of just six units will all command large corner plots within the development.

The Royal Breeze Residences offer a shoreline lifestyle spread across five residential towers with apartments and penthouses offering 42 up to 670-square metres of space complemented by stunning Arabian Gulf or tranquil golf course views, and featuring a private beach, gym and access to exclusive community facilities.

“The partnership with ADCB is very much focused on the customer and offers a range of benefits when buying a home in Al Hamra Village. As such home owners will be able to avail capital release for fully paid ready homes to invest in our newest developments including the exclusive Bayti homes and the Royal Breeze Residences,” said Ebrahimy.

 

About Al Hamra Real Estate Development:

Al Hamra Real Estate Development is a leading consortium and real estate developer in the Middle East. It has established itself as a significant and dynamic master planner in the UAE with world class iconic destinations such as Al Hamra Village, and Falcon Island, and won 11 prestigious awards in the last three years at the International Property Awards, a symbol of excellence throughout the global industry. Al Hamra Real Estate Development is located in Ras Al Khaimah on the shores of the Arabian Gulf, just 45 minutes from Dubai.

ADCB will also offer capital release for fully paid-up homes, allowing clients keen to invest elsewhere to unlock equity for reinvestment into other existing Al Hamra Village sub-developments, namely the Royal Breeze Residences, The Duplex and The Townhouses.

 

Source: Shamal Marketing Communications