Question 1

What is the background of the Developer?

Accepted Answer

Al Hamra is Ras Al Khaimah’s leading lifestyle developer and investment company, established in 2003 to shape the emirate’s real estate and hospitality landscape. They have delivered over 5,000 homes, focusing on master-planned communities like Al Hamra Village, which includes luxury hotels (Waldorf Astoria), residential units, and retail spaces (Manar Mall).

Question 2

Other Projects completed by the Developer

Accepted Answer

Major Projects and Developments by Al Hamra:

A flagship master-planned community. Falcon Island: Luxury residential island development.

Al Hamra Greens (at RAK Central): New luxury residential community, including apartments and 200 townhouses.

Aila Homes: Upscale 3- and 4-bedroom townhouses.

Al Hamra Waterfront: Premium duplex townhouses and apartments.

The Ritz-Carlton Residences, Al Wadi Desert: Luxury villas in a nature reserve. Hospitality & Leisure:

Waldorf Astoria Ras Al Khaimah.

The Ritz-Carlton Ras Al Khaimah, Al Hamra Beach.

Sofitel Al Hamra Beach. Hilton Al Hamra Golf and Beach Resort.

Al Hamra Golf Club.

Royal Yacht Club of Ras Al Khaimah.

Question 3

Does One Broker Group – OBG – take any money from the Clients

Accepted Answer

Off-Plan Primary Purchases (Direct from Developer)

Administrative fees or booking fees are paid directly into the developer's corporate accounts
All instalment payments go directly into the developer's designated escrow account, as required under UAE real estate regulations
Your investment funds remain fully protected and ring-fenced at all times
OBG does not hold or handle client funds for the purchase

International Investors Without a UAE Bank Account

Secondary Purchases (Off-Plan or Ready)

OBG will appoint a trusted third-party escrow provider on the client's behalf, or the client may choose to engage their own preferred provider such as a regulated trust company to handle their payments
The escrow provider will manage and disburse all payments throughout the transaction
Full transparency and documentation provided at every step
Adds an additional layer of security and accountability for international buyers

Question 4

What is the process for purchasing a unit?

Accepted Answer

Please note that procedures may vary depending on the developer; however, in most cases, a payment of 10%–20% is required to secure a unit. Initially, you will be asked to sign a reservation form, and upon receipt of the required payment (typically 20%), the Sales and Purchase Agreement (SPA) will be issued.

In certain instances, developers may request a fixed reservation fee (for example, AED 50,000 or USD 10,000), following which the reservation form will be provided.

We recommend confirming the exact process with your sales representative, as requirements and procedures may differ across developers.

READ IN BLOG SECTION - FULL PROCESS

SALES PROCESS EXPLAINED

Question 5

Does OBG assist in handover of the unit?

Accepted Answer

Post-Handover Services

From reservation to return, OBG manages your investment beyond the sale. Whether you're renting, reselling, or furnishing, our team is with you at every stage

Rental Management

Finding tenants, managing lease agreements, rent collection
Short-term vs long-term rental strategy advice
Yield optimisation, especially relevant on Al Marjan given the tourism boom

Resale / Exit Strategy

When the investor wants to sell, OBG lists and markets the unit on various platforms and having access to large database of clients.
Capital appreciation tracking so they know the right time to exit

Holiday Home / Short-Term Rental

List the unit on Airbnb, Booking.com, holiday home platforms
Property management, guest handling, cleaning, maintenance
Particularly powerful for Al Marjan given Wynn resort proximity

Interior Fit-Out

Connecting investors to trusted fit-out contractors
Furnished vs unfurnished recommendations based on rental strategy
Design coordination for handover-ready units

Property Management

Maintenance coordination, service charge management, Handover and Snagging.
NOC handling, utility setup, community registration

Question 6

What are the other costs associated with Purchasing a property?

Accepted Answer

At the time of booking, a registration fee ranging from AED 3,000 to AED 10,000 must be paid upon purchase of the property.

Before taking possession of the unit, 4% of the purchase price has to be paid to the Ras Al Khaimah Government Land Department.

Al Hamra offers a competitive advantage with only 2% land department fee, compared to the standard 4% charged by other developers in the UAE.

Question 7

What is the annual service fee?

Accepted Answer

Service fees are mandatory annual maintenance payments paid by property owners to cover cleaning, security, and upkeep of common areas like pools, gyms, and lobbies. Above mentioned rates are estimates and can vary upon handover. This 7 Bed Villa has a fixed fee for AED 45,000/- annually.

Question 8

Can I sell the property before taking the handover?

Accepted Answer

Yes, off-plan properties can usually be resold before handover. However, you should always check the developer’s resale policy, as each project has different requirements. In most cases, owners are required to pay around 30-40% of the property value before they are allowed to resell the unit.

Project Details

Not Sure? We will call you back and help you decide

Gallery Images

Floor Plans

Payment Plan

Amenities & Facilities

Project Video

Falcon Island

Project Brochure

Project Brochure

Location

FAQs

What is the background of the Developer?

Other Projects completed by the Developer

Does One Broker Group – OBG – take any money from the Clients

What is the process for purchasing a unit?

Does OBG assist in handover of the unit?

What are the other costs associated with Purchasing a property?

What is the annual service fee?

Can I sell the property before taking the handover?

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