Al Hamra Completes Record-Breaking Sale in Ras Al Khaimah
Al Hamra has successfully finalized the sale of the “Sky Palace” unit within the “Waldorf Astoria Residences” project in Ras Al Khaimah for an impressive price of $35.4 million (AED 130 million). This transaction marks the highest recorded sale for a single residential unit in the emirate’s history. In a separate deal, the company sold a distinctive penthouse in the same development for $15 million, underscoring the sustained demand for ultra-luxury residences that cater to a refined lifestyle.
Unparalleled Luxury at Sky Palace
Stretching over an impressive area of nearly 10,000 square feet across three floors at the top of the tower, the Sky Palace offers a remarkable sense of spaciousness, privacy, and elevation. Designed as a one-of-a-kind suspended palace — the first and only of its kind in Ras Al Khaimah — it features uninterrupted panoramic views of the Arabian Gulf, the Ras Al Khaimah mountains, and the “Wynn Marjan” resort, all situated in one of the emirate’s rapidly growing destinations.
Exclusive Amenities for Residents
The owner of the Sky Palace enjoys access to exclusive facilities located on the sixteenth floor, including a resident’s lounge, a library, a cigar lounge, and a private cinema. Additionally, exclusive boat services to “Wynn Marjan” provide seamless access to various entertainment and fine dining experiences while maintaining the privacy of the residential address.
Details of the Sold Penthouse
The sold penthouse spans approximately 6,000 square feet over the nineteenth and twentieth floors, offering 360-degree views and a design that achieves the highest standards of privacy and sophistication.
Market Confidence Reflected in Luxury Sales
Benoit J. Koury, CEO of Al Hamra Group, stated that these record sales reflect the market’s confidence in the growth trajectory of Ras Al Khaimah. He emphasized the company’s dedication to developing ultra-luxurious residences that enhance lifestyle and create sustainable value, further establishing the emirate as a global destination for living and investment.