Overview

Property Description

As Ellington Properties' first residential development in Al Hamra, Ras Al Khaimah, Ellington Views I consists of two towers: East Tower and West Tower, each with 20 and 15 stories. Each residence will provide stunning views of Al Hamra Golf Course and Al Hamra Water Canal. The property sizes range from 464 square feet to more than 3,647 square feet. In addition to a balcony, a laundry room, and a powder room, select 2-bedrooms and 3-bedrooms feature a maid's room. A property in Ellington Views I starts at AED 1.45M (USD 395K) as of October 2023. There will be a service charge of AED 14 (USD 4) per square foot. *Prices are valid for 2023 The Ellington Views I project is scheduled to be completed in Q1 2027. Although it is off-plan, you can use the 50/50 payment plan, which includes a 20% booking fee. During construction and upon completion, payments are 30% and 50%, respectively. The complex is located a 10-minute drive from Wynn Al Marjan Island on Al Marjan Island. This is the only Middle East resort under the Wynn Resorts’ brand with the UAE’s first casino, scheduled to open in early 2027. As a result, Ellington Views I has excellent investment potential, as you will be able to rent out your property to tourists. The average return on investment in Al Hamra is 6-7%. The starting rental price is AED 22K (USD 6K) per year. With the completion of the complex and development of the surrounding area, the indicators will increase. Therefore, if you decide to lease your property for a long time, you will be able to make a decent profit. Investing AED 2M (USD 545K) or more qualifies you for a Golden visa. It is valid for 10 years and covers your spouse, children, and domestic staff.

Location