Marina Residences by Al Hamra Real Estate Development LLC

Marina Residences is a high-end waterfront community by Al Hamra Real Estate Development LLC in Al Hamra Village. The latest phase of the project was released in April 2024, and offers a range of studios and 1-3 bedroom apartments. All residences offer unparalleled full views of the sea, the Wynn casino and the marina.

The size of the properties starts at 450 sq. ft. Occupants will have a balcony and a laundry room at their full disposal.

This new phase of Marina Residences offers easy access to an array of amenities and infrastructure facilities in and around Al Hamra Village. These include a swimming pool, gym, beach, restaurants, a lagoon, resorts, a 24/7 supermarket, and the many recreational options available at Al Hamra Marina and Al Hamra Golf Club.

Marina Residences is located not far from Sheikh Mohammed Bin Salem Rd, providing easy commutes to most destinations. For instance, the drive to Ras Al Khaimah International Airport takes about 30 minutes, whereas Dubai is reachable in just over an hour.

The nearest educational and medical facilities are about a 10-minute drive away. Among them are RAK Medical Center Al Hamra, RAK Academy British School Al Hamra-BSH, Little Treasures Nursery and Wisdom Business School.

For shopping and entertainment, it is worth visiting Al Hamra Mall, which houses about 120 retail outlets with electronics, furniture, food, fashion and more. There are also 12 restaurants, a Fun Ville for children and a Vox Movie theatre. The shopping centre can be reached within 20 minutes on foot.

Every person who purchases property in the new phase of Marina Residences will be granted two 12-year visas free-of-charge, one for themself and one for the person of their choosing. Please note that you will become eligible for long-term residency after paying just 20% of the property value.

Marina Residences presents a favourable opportunity for potential investors. As of Q2 2024, the starting rental price of 1-bedroom apartments in Al Hamra Village stands at AED 25K (USD 7K). The opening of the UAE's first casino at Wynn Resort Al Marjan in 2027 is expected to drive up demand for short-term property leases in nearby complexes like Marina Residences.

Capital appreciation of Marina Residences real estate is 30%. Such an increase enables you to generate extra profit should you decide to resell your property.