Waldorf Astoria Residences
Al Hamra, Ras Al Khaimah
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Al Hamra has successfully sold the Sky Palace at Waldorf Astoria Residences Ras Al Khaimah for USD 35.4 million (AED 130 million), achieving the highest value single unit residential ever in Ras Al Khaimah. This one-of-a-kind residence is spread over 10,000 sq ft over three levels atop the beachfront tower. It offers unparalleled levels of privacy, scale and panoramic views of the Arabian Gulf, Wynn Al Marjan Island integrated resort and into the Hajar Mountains. A separate penthouse within the same development sold for USD 15 million, further confirming the strong demand for ultra-luxury homes in the emirate.
Sky Palace sold for USD 35.4M – RAK record
10,000+ sq ft, three-level crown residence
Panoramic sea, island & mountain views
Exclusive lounge, library, cigar room & cinema
Signature penthouse sold for USD 15M
Beachfront tower with ferry access to Wynn
Affirms Al Hamra’s luxury leadership
Signals strong demand for ultra-luxury in RAK
This transaction is about completed ultra-luxury sales, not an off-plan project that is in progress. No public payment plan is applicable to the Sky Palace or penthouse sales as they are individual resales or sale by developer to developer at the stage of completion. Future units in similar developments traditionally follow standard luxury off-plan structures.
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Private-lounge
Library
Cinema
Beachfront
Resort
Views
Privacy
Waldorf Astoria Residences is a beachfront tower along the coastline of Ras Al Khaimah – with direct view of the Arabian Gulf and Wynn Al Marjan Island resort. The location has both the best of seaside privacy and convenience for ferry access to integrated resort amenities. It is well located in RAK’s emerging luxury corridor.
beachfront access
10 minutes – Al Marjan island core
Ferry to Wynn Al Marjan Island resort
15 minutes – Ras Al Khaimah city centre
45 minutes – Dubai International Airport
60 minutes – Dubai Marina
Close – major highways
Why Invest in Waldorf Astoria Residences ?
The record USD 35.4 million Sky Palace sale and USD 15 million penthouse transaction underscore the under two-year development of Ras Al Khaimah as a serious ultra-luxury residential place. Al Hamra’s ability to provide the world-class branded beachfront residences with private high floor amenities and directly-connected resorts is the ultimate draw card for high net worth buyers looking to buy exclusiveness and lifestyle. The momentum of the emirate tourism, the openness of the Island of Wynn Al Marjan and the scarcity of the coast creates high capital appreciation and resale added value. These milestone deals set a new standard and point to major upside for similar ultra-premium properties in RAK. For discerning investors and lifestyle buyers, Waldorf Astoria Residences has one of the most prestigious addresses in the north of the emirate with potential returns that don’t fade away with time
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