(MENAFN) UAE's Al Hamra Real Estate Development has announced the opening of the USD 272 million Falcon Island project in Ras Al Khaimah, according to Khaleej Times
The new project aims to capitalize on growing tourism
The project will also help attract both business and leisure investors as it offers 150 luxury villas and waterfront mansions
Benoy Kurien, general manager of Al Hamra Real Estate Development, said: "We are confident of selling the project very quickly amid considering growing interest from investors in Ras Al Khaimah real estate sector. We are expecting strong feedback from UAE, GCC, European and CIS investors in the development.
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