Al Hamra Island
Latest Off Plan Projects in Al Hamra Island
About Al Hamra island
Al Hamra island is located in Ras Al Khaimah. It was previously known as the 'Ghost Town' as the ruling tribe moved away in the 1960s-70s. However, it has been developed while protecting its historic buildings and identity.
It offers a glimpse into traditional Gulf culture. It has many preserved homes and a central mosque. Nearby you can find nice beaches and a port. The government is working to boost amenities and employment.
Properties available include affordable villas, flats and luxury compounds. It's a calm locale yet close enough to the growing city. Whether you seek heritage, value, or scenery, it remains one of Ras Al Khaimah's unique places to call home.
Community Features
Al Hamra Island Connectivity
Connectivity
Properties in Al Hamra island
Al Hamra Island offers different property types. The historic town has charming traditional homes and modern flats. You can enjoy preserved culture and a quiet lifestyle. Nearby, you can find malls, beaches, and leisure activities. Schools, healthcare, and places of worship provide local needs. While limited public transport exists, the community remains a great place to live. With sizes from studios to many beds, options suit all budgets and group sizes. Properties in Al Hamra island include
- Traditional mud brick houses
- Modern apartments
- Townhouses
- Villas
Average Property Price on Al Hamra Island
The average property price in Al Hamra Island varies depending on the property type. Villas generally range between 6,000 to 14,000 square feet in size. Recently, three plots of land were listed for sale between 3.5 to 40 million AED. A fully furnished villa with a private pool was listed for 110 million AED. Apartments are also available here. The residential properties in Al Hamra island cater to various budgets, from large villas costing several millions to more affordable apartments. Here is an overview of average property prices in Al Hamra Island.
| Property Type | Configuration | Price(AED) |
|---|---|---|
| Apartment | 1 bed | 520,000 |
| Apartment | 2 beds, 2 baths | 1,090,099 |
| Apartment | 3 beds | 1,150,000 |
| Land | 3,500,000 | |
| Land | 27,000,000 | |
| Land | 40,000,000 | |
| Compound | 3 beds | 110,000,00 |
ROI in Al Hamra island
Al Hamra Island is a popular area for real estate investment. Properties there have typically seen good annual appreciation in value. Villa prices have risen 7-10% yearly over the past five years. Rental returns are also attractive at around 5-7% annually from tenanted villas and apartments. The well-developed area has upscale residences, hotels, shopping, and beaches.
Master Plan of Al Hamra island
Al Hamra Island has a fascinating history. Known as both Al Jazirah Al Hamra and Ghost Town, it was once home to the Zaab tribe until most moved away in the late 1960s. The master plan is to develop it into a top tourist destination while maintaining the traditional feel. You can see original coral-stone homes and wander narrow lanes near the old mosque. It has become popular for filming as well.
The area is also growing residential properties like villas and flats. There is a range of amenities from schools to supermarkets. Key attractions include:
- Al Hamra Beach
- Al Hamra Marina and Yacht Club
- Al Hamra Golf Club
- The Ritz-Carlton
- Waldorf Astoria Ras Al Khaimah
- Al Zaab Historic Mosque
- Al Hamra Mall
Properties, from traditional homes to modern waterfront apartments, are currently listed for sale, offering something for every budget. With its unique cultural heritage, Al Hamra Island is worth investing in.
