UAE’s leading developer Al Hamra offers Indian investors 12-year-residency visa and business licence on purchase of ready-to-move-in home in scenic Ras Al Khaimah

30 Sep, 2019, Pune, : Al Hamra, a real estate development and investment company based in the United Arab Emirates (UAE), is offering investors in India the unprecedented opportunity to secure a 12-year residency visa and a business licence when they purchase a ready-to-move-in seafront or golf-course view home in Al Hamra’s established master-planned community, Al Hamra Village in scenic Ras Al Khaimah.

Appealing to anyone who wishes to invest in the UAE and enjoy the remarkable lifestyle that the country has to offer, Al Hamra is hosting the ‘Live & Work’ workshop, its first to date in India, on Sunday, Sept. 29 at JW Marriott Hotel Pune. Investors in Al Hamra homes will have several benefits including a 12-year UAE residency visa, a business licence to undertake hundreds of business activities, as per the investor’s choice, an additional partner visa and a flexi-desk with modern amenities to conduct business seamlessly.

An elegantly designed apartment in the picturesque Al Hamra Village starts at less than AED 500,0000 (over INR 97 lakhs), and investors also have the opportunity to make the payment over a five-year period. Only 20 per cent of the total value – starting at AED 100,000 (just over INR 19 lakh) has to be paid upfront now.

The freehold home will be 100 per cent owned by the investor. Serious investors can fly to Ras Al Khaimah to visit their potential home, with Al Hamra to cover the visit visa, airfare and three-nights accommodation, before they confirm their purchase.

Just 30 minutes from Dubai International Airport, Al Hamra Village is today one of the most sought-after residential neighbourhoods in the UAE, admired for the scenic vistas by the Arabian Gulf, a Par 72, 18-hole championship golf course, a vibrant marina and yacht club, the Al Hamra Mall, and five world-class luxury hotels.

The exceptional offer will also assure long-term return on investment with an average IRR at Al Hamra estimated at up to 8% annually. They can also benefit from high rental values with Al Hamra being one of the in-demand residential communities renowned for its amenities, low service charges and competitive utility charges compared to any other city in the UAE.

Furthermore, investors stand to benefit from 100 per cent ownership of the business, 100 per cent repatriation of capital and profits, no corporate tax and zero personal tax. There will also be no foreign exchange contracts that will reduce any extra costs or uncertainties.

Benoy Kurien, Group CEO of Al Hamra, said: “The UAE is one of the most-preferred destinations for Indians – not only for tourism but also as place to live and work. With over 3.3 million Indians living in the country, the largest Indian community anywhere in the world, you feel instantly at home in the UAE. Further, the nation offers exceptional opportunities for business growth, underlined by the number of successful Indian entrepreneurs as well as the growing trade relations between the two countries.

“Ras Al Khaimah, one of the seven emirates that form the UAE, is today the fastest-growing tourism and investment destination in the country. In addition to its natural beauty, the world’s largest zipline and other historic attractions, Ras Al Khaimah also offers a competitive business environment. Al Hamra Village is a flagship integrated community in Ras Al Khaimah that is highly sought after as a residential and tourism destination.

“With our first workshop in India, being held in Pune, we are offering the unprecedented opportunity for Indian investors to buy-into Al Hamra as well as work with an own business licence. Our ‘Live & Work’ workshop will appeal to entrepreneurs, freelancers, consultants and seniors, anyone looking to live and work in the UAE,” he added.

Investors can choose from spacious villas and townhouse with exceptional views of the Arabian Gulf or the fairways and greens of the Al Hamra Golf Club. They are part of a secure neighbourhood with 24×7 security. Al Hamra Village only has a selection of 4,000 homes, of which nearly 1,000 are already owned by Indians. A wide range of amenities await residents including proximity to malls, educational institutions and premier healthcare centres as well as a choice of waterfront leisure activities.

The workshop follows a directive from the UAE leadership granting long-term visas for investors in the UAE real estate including senior citizens. Al Hamra will host such workshops to further engage with Indian investors in other Indian cities in due course.