Business Bureau, Gulf Today

Al Hamra, the leading real estate developer, services provider and investment company in the Northern Emirates, has announced a reduction in the cooling consumption charges, benefiting the residents of the Bayti villas, The Royal Breeze Residences, The Marina Apartments, The Golf Apartments and Bab al Bahr Residences.

 In light of the global COVID-19 pandemic and as part of Al Hamra’s continuous efforts to support the UAE community and provide cost effective services to its residents, Al Hamra is reducing the cooling consumption charges from 0.28 AED/kwh to 0.22 AED/kwh. Residents will see an estimated reduction of up to 20 per cent in their cooling consumption charges and it will be reflected on all utility invoices issued from April 2020 onwards.

Benoy Kurien, Group CEO of Al Hamra, said: “We have been diligently working towards upgrading our Communities’ cooling infrastructure to optimize operations and help our residents achieve additional savings on utility bills. With this reduction, residents’ chillers bills would be 9 per cent to 20 per cent lower than similar communities across the UAE. Further, we understand the predicament faced by all during the current crisis and we are committed more than ever, to stand firmly by our valued partners to overcome this challenging situation together. We have taken all necessary measures and precautions to curtail the spread of the COVID-19 virus and the health, wellbeing and comfort of our residents remain our top priority. We will continue to work in alignment with the government to safeguard public health and help ease the financial burden of our residents.”

To fight the spread of COVID-19, Al Hamra has set-up a COVID-19 Committee & Crisis Management Taskforce to ensure preparedness of the community whereby disinfection teams are on standby and will be deployed in case of any emergency. Al Hamra has increased cleaning and sanitisation at all facilities and community areas. To reduce exposure and face-to-face interactions, it has also temporarily closed common facilities like beach, gyms, swimming pools, kids play area, BBQ areas and party halls.

Al Hamra is carefully monitoring the global health crisis related to COVID-19 and working in alignment with the UAE public health authorities to support the residents to weather these unprecedented challenges. Al Hamra is a Ras Al Khaimah based real estate development and investment company. The group is focused on providing premier lifestyle real estate developments, while investing in hospitality and leisure segments. In line with the Emirate’s growth, Al Hamra has been instrumental in shaping the real estate landscape in the Emirate since its formation in 2003.

The company is committed to reimagining life and hospitality through the friendly and safe environment Al Hamra Village has developed while also capitalising on the close proximity to Dubai, just 40 mins away, the financial benefits, the airport and the free-trade zones.

Entities under the Al Hamra brand name include; Al Hamra Golf Club, Al Hamra Marina & Yacht Club, Al Hamra Mall, Manar Mall, the multi-award-winning Al Hamra Village and Al Hamra Real Estate Development. Al Hamra is also the developer of Waldorf Astoria Ras Al Khaimah, the Hilton Al Hamra Golf and Beach Resort and the Ritz Carlton Ras Al Khaimah Al Hamra Beach.

Ras Al Khaimah (RAK) is  known for its rich history, dating back 7,000 years, and diverse landscape, from 64km of pristine beaches, to terracotta deserts and an imposing mountain backdrop. The Emirate is home to the highest peak in the UAE, Jebel Jais, which features the world’s longest zip line, at almost 3km.

Ras Al Khaimah is also centrally located at the modern crossroad between Europe, Asia and Africa, with one third of the world’s population within four hour’s flying time, making it an ideal location for businesses to expand into the UAE, the Middle East and Africa and beyond. Indeed, the World Bank’s Doing Business report ranks Ras Al Khaimah 30th out of 190 economies for ease of doing business.

At the Emirate’s economic heart lies multiple major companies and diverse sectoral interests, including manufacturing and tourism. Major companies include: RAK Ceramics, RAKBANK, Julphar Pharmaceuticals, RAK Ports, RAK Rock, Stevin Rock, RAK Economic Zone, RAK Gas. Supporting these industries is a modern infrastructure, state-of-the-art industrial areas and business parks and world-class hotels, facilities and attractions for tourists. For the past decade, Ras Al Khaimah has been consistently rated ‘A’ by Fitch and Standard & Poor’s rating agencies and already the Emirate is home to more than 38,000 businesses from 100 countries representing over 50 industries.