MEA Q1 2021

4 MEA MARKETS / Q1 2021 NEWS , Al Hamra’s New 12-Year UAE Residence Visa Initiative Drives Record Sales of Homes in Rase Al Khaimah Al Hamra, the leading real estate developer, services provider and investment company in the Northern Emirates, has recorded strong investor response for its residence visa and business licence package, whereby those who purchase ready-to-move-in homes in its communities will receive a 12-year resi- dency visa and business licence. Al Hamra had rolled out an unmatched opportunity for investors in partnership with Ras Al Khaimah Eco- nomic Zone (RAKEZ) few months ago. The company received strong interest from the expats in the UAE and MENA region recording the impressive sale of apartments, townhouses and villas in Al Hamra Village and Bab Al Bahr communities. As a result, all the units priced at AED 292,000 have been sold out.