Al Hamra Village Area Guide 2026

Updated 13 August 2026 · By the Cresco local market team

Al Hamra Village is Ras Al Khaimah’s first freehold community and still its most complete one. 77 million square feet, more than 4,000 homes, an 18 hole championship golf course, a marina, a mall and 1,600 yards of white sand beach. It sits just south of Al Marjan Island. This guide gives you the real numbers, including the one most agents will not tell you: the Wynn premium is showing up on the island, not here.

Property type

Apts, villas & TH

Avg price / sqft

AED 818 to 880

Gross yield

5.3% (emirate wide)

Homes

4,000+

Size

77 million sqft

Best for

Golf · Beach · End users

The community

Al Hamra Village was developed by Al Hamra Real Estate Development from the mid 2000s and is described as Ras Al Khaimah’s first freehold community. It covers 77 million square feet with more than 4,000 homes, and unlike most of what is being sold in the northern emirates right now, it is built, occupied and working.

Sub communities: Royal Breeze Residences, Marina Residences phases 1 to 3, Golf Apartments, Bayti Homes, Bayti Premium, Falcon Island, Aila Homes, Al Hamra Greens and Al Hamra Waterfront.

One clarification, because buyers get this wrong. Al Hamra Waterfront is a project inside Al Hamra Village, not a separate district. Al Hamra’s own release describes it that way. Bab Al Bahr and Falcon Island are managed as separate communities alongside the Village.

Prices, and why two sources disagree

Measure	AED / sqft	Year on year	Quarter
Apartments	880	+3.5%	-1.3%
Villas	818	+6.2%	0.0%

Source: ValuStrat Price Index, Q2 2026. Valuation based.

You will also see AED 1,027 per square foot quoted for Al Hamra Village, up 30.4%. That figure is from Bayut’s 2025 annual report and it is an asking price, not an achieved one. Bayut’s own methodology note says so: the data is based on prices advertised by agencies and does not represent actual transactions. The roughly 17% gap between AED 1,027 and AED 880 is the spread between what sellers ask and what property is valued at. Never treat the 30.4% as a price rise.

Rents and yield

Gross yields across Ras Al Khaimah freehold run at 5.3% for both apartments and villas, per ValuStrat in Q2 2026 and again in Q1. ValuStrat does not publish a yield for Al Hamra specifically.

Bayut’s asking based 2025 figures put Al Hamra Village apartments at a 5.81% return, with average studio rent around AED 34,000 a year and a three bedroom villa around AED 119,000. Those are asking rents from a single source and we label them that way.

What is here

Al Hamra Golf Club, 18 holes, par 72 championship course
A marina and yacht club
Al Hamra Mall, with RAK Medical Center inside it
1,600 yards of white sand beach and four interconnected lagoons
Multiple five star hotels, walking tracks, pools

Schools: no school is named inside Al Hamra Village by the developer. We are not going to invent one. If schooling matters, check what is reachable from the Village before you commit.

What is currently selling

Project	Units	Type	From
Al Hamra Greens	1,754	1 to 3 bed apartments	AED 1.2m
Aila Homes	200	3 to 4 bed townhouses	AED 2.9m
Al Hamra Waterfront	622 apts + 19 TH	studio to 3 bed, 4 bed duplex TH	AED 1.1m
Waldorf Astoria Residences	38 to 43	residences, penthouses	Not disclosed
Ritz-Carlton Residences, Al Wadi	35	villas on a 1,235 acre reserve	Not disclosed

Handover dates for Al Hamra Greens, Aila Homes, Al Hamra Waterfront and Falcon Island have not been published. The Waldorf Astoria unit count is given as 43 in the Hilton release and 38 on Al Hamra’s own projects page. Confirm both with the developer.

The Wynn question, answered with data

Every agent selling in Ras Al Khaimah right now is selling the Wynn casino. Here is what the numbers actually show, all from ValuStrat Q2 2026.

Community	Apartments, year on year	Quarter on quarter
Al Marjan Island	+9.4%	0.0%
Al Hamra	+3.5%	-1.3%
Mina Al Arab	+2.3%	-1.3%

The Wynn premium is being capitalised on the island, not next door. Al Marjan apartments grew at nearly three times Al Hamra’s rate over the year, and in the same quarter Al Marjan held flat while both Al Hamra and Mina Al Arab fell 1.3%. There is no published analyst report isolating a Wynn effect on Al Hamra. If someone tells you Al Hamra is riding the casino, ask them for the source.

The one genuine bright spot is Al Hamra villas at +6.2% year on year, the strongest of the four non Marjan series, and flat rather than negative over the quarter. We think the honest explanation is scarcity of low density beachfront and golf frontage stock, not casino proximity. Villas are only 3% of the emirate’s 25,600 unit pipeline.

The risks, stated plainly

Marjan Beach is coming, and it is enormous. 85 million square feet, 22,000 homes and 12,000 hotel keys, on 3 km of beach near Al Hamra Village, with phased openings from 2029. Al Hamra Village has around 4,000 homes in total. Marjan Beach is roughly five and a half times that entire stock, landing next door, in the same buyer segment.
Emirate wide supply. 25,600 units to 2030, 97% apartments, peaking at 9,100 in 2029, against roughly 6,600 total transactions in all of 2025.
Liquidity. Ready property sales across the whole emirate were about 1,000 transactions in 2025, down 18.7%. If you need to sell within twelve months, that is the number that should decide it.
Prices up, volumes down. 2025 transactions fell 17.4% and value fell 24.7% while prices rose. That is a thinning market.
Service charges are not published anywhere in Ras Al Khaimah. There is no equivalent of Dubai’s service charge index. Get the current rate in writing from the owners association before you exchange. Anyone quoting you an Al Hamra service charge average is guessing.

Al Hamra Village questions, answered

How much does property cost in Al Hamra Village?

Apartments were valued at AED 880 per square foot and villas at AED 818 by ValuStrat in Q2 2026. Asking prices quoted on portals run higher, around AED 1,027 per square foot, but those are advertised prices rather than achieved ones.

What rental yield does Al Hamra Village pay?

ValuStrat puts gross yields across Ras Al Khaimah freehold at 5.3% for both apartments and villas in Q2 2026. No community specific yield is published for Al Hamra by ValuStrat.

Can a foreigner buy freehold in Al Hamra Village?

Al Hamra Village is one of the designated freehold communities in Ras Al Khaimah where buyers of any nationality can own outright. The framework rests on RAK Law No. 11 of 2021 on the real estate register and Law No. 12 of 2023 regulating real estate development, administered by RAK Municipality’s Real Estate Regulatory Administration. Confirm the status of your specific plot with RAK RERA before contracting.

Has the Wynn casino pushed up Al Hamra prices?

Not measurably. In Q2 2026 Al Marjan Island apartments grew 9.4% year on year while Al Hamra apartments grew 3.5% and fell 1.3% over the quarter. No published analyst report isolates a Wynn effect on Al Hamra Village.

What are the service charges at Al Hamra Village?

Not published. Ras Al Khaimah has no public service charge index and Al Hamra Community Management does not publish rates. Obtain the current schedule in writing from the management company before exchange.

Looking at Al Hamra Village? It is the most complete community in Ras Al Khaimah and it is about to get a very large neighbour. We will tell you which parts of the Village we think hold up against Marjan Beach and which we would not buy today.

Looking for the full list? Browse every property Cresco has for sale in the UAE, all 712 listings indexed by emirate and community.