Distress Sale: 3BR + Study Room 02-Series Corner in Ellington Views I, Al Hamra, RAK

Sea & Golf Views | 2,389 Sqft | Corner Unit | 30% Paid | No RAK Fee on Transfer | AED 3,700,000

This is a verified distress listing for a 3-bedroom plus study room, 02-series corner apartment in Ellington Views I by Ellington Properties, located in Al Hamra Village, Ras Al Khaimah, UAE. The seller’s original purchase price was AED 4,370,000. The unit was previously listed at AED 3,910,000 and has now been reduced to AED 3,700,000 — a total saving of AED 670,000 (15.33%) below the original purchase price. The seller has already paid 30% of the purchase price. Critically, the SPA assignment can currently be transferred without triggering the RAK property registration fee — the 2% RAK registration applies only at title deed issuance upon handover in Q1 2027, not on the present SPA transfer. This means the buyer’s immediate additional costs are agency and trustee fees only. The 02-series designation confirms this is a corner unit positioned to capture both direct Arabian Gulf sea views and the Al Hamra Golf Course simultaneously — the most sought-after dual-view configuration in the building. At 2,389.16 sq ft, this is one of only 17 three-bedroom apartments in the entire Ellington Views I complex — a level of scarcity that structurally underpins its resale and rental premium. Handover Q1 2027.

Property Highlights

• Project: Ellington Views I
• Developer: Ellington Properties
• Location: Al Hamra Village, Ras Al Khaimah (RAK), UAE
• Unit Type: 3 Bedroom + Study Room Apartment
• Series: 02 Series — corner configuration
• Size: 2,389.16 sq ft
• Views: Dual-aspect corner — simultaneous Arabian Gulf sea views AND Al Hamra Golf Course views
• Balconies: Two balconies (standard for all Ellington Views I 3BR units)
• Study Room: Yes — dedicated study room
• Powder Room: Yes
• Laundry Room: Yes
• Parking: 2 dedicated covered parking spaces (all Ellington Views I 3BR units)
• Paid to Date: 30% of purchase price
• Remaining Balance: 70% — comprising ~20% construction installments + 50% on handover
• Transfer Fee Now: No RAK registration fee on current SPA assignment — 2% RAK fee payable only at Q1 2027 title deed
• Handover: Q1 2027
• Payment Plan: 50/50 (20% down + 30% construction + 50% handover)
• Original Purchase Price (OP): AED 4,370,000
• Previous Asking Price: AED 3,910,000
• New Distress Price: AED 3,700,000
• Saving vs OP: AED 670,000 (15.33%)
• Reduction from Previous Asking: AED 210,000 below last ask
• Entry Price per Sqft: AED 1,549/sqft
• Ownership: Freehold — available to all nationalities
• Status: Off-Plan | Under Construction

About Ellington Views I

Ellington Views I is a landmark luxury residential development by Ellington Properties — one of the UAE’s most award-winning boutique luxury developers — located in Al Hamra Village on Vienne Street, Ras Al Khaimah. The project comprises two towers (East Tower: 18 floors; West Tower: 13 floors) connected by a shared podium, offering studios, 1, 2, and 3-bedroom apartments and a duplex penthouse. Only 17 of the complex’s units are 3-bedroom configurations — a scarcity that is structurally protective of resale values and rental demand. Ellington Properties is known for its design-led philosophy: high-ceilings, open-concept living spaces, floor-to-ceiling windows, and natural materials including marble, porcelain tiles, and porcelain stoneware throughout. The interiors follow a neutral palette that maximises light and allows personalisation. The 02-series corner designation positions this specific unit to receive panoramic views in two directions simultaneously — both the Arabian Gulf and the Al Hamra Golf Course — a dual-aspect configuration that is genuinely rare and commands the highest per-sqft premium within the building. Al Hamra Village — the master community — is one of Ras Al Khaimah’s most established and prestigious coastal developments, hosting Al Hamra Golf Club (18-hole championship course), Al Hamra Marina and Yacht Club, Al Hamra Mall, and multiple five-star hotels.

Community and Lifestyle

• Al Hamra Village is RAK’s most established luxury waterfront community — a self-contained master-planned development on Sheikh Mohamed Bin Salem Road (E11) with its own golf course, marina, yacht club, mall, and hotels
• Al Hamra Golf Club — 18-hole par 72 championship course — is approximately a 3-minute walk from Ellington Views I, with a gym, locker rooms, a golf shop, and a sports bar
• Al Hamra Marina and Yacht Club is within walking distance — direct waterfront access for boating, water sports, and marina dining
• Al Hamra Mall — 130 retail brands, restaurants, a cinema, healthcare facility, salons, and pharmacies — is approximately a 4-minute drive
• Wynn Al Marjan Island — the world’s first casino resort in the Middle East and the UAE’s largest integrated resort outside Las Vegas, with over 1,500 hotel rooms, luxury retail, fine dining, a casino, and a spa — is approximately 10 minutes away and represents one of the most powerful capital appreciation catalysts of any residential address in the region
• RAK International Airport is approximately 30 minutes away; Dubai International Airport is approximately 65 minutes
• Ras Al Khaimah offers outdoor adventures including Jebel Jais (the UAE’s highest mountain, home to the world’s longest zipline), sand dunes, mangroves, and Jebel Jais Flight — all within 30–40 minutes
• RAK property market has recorded 37%+ price appreciation since 2022, driven by the Wynn casino catalyst and a surge in both domestic and international investor demand

Amenities

• Beach club swimming pool surrounded by white sand — unique among RAK residential developments
• Beach pavilion with direct beach and golf course access
• Rooftop clubhouse and outdoor deck
• Rooftop bar and terrace
• Stargazing area (rooftop)
• Indoor cinema
• Mini-golf course
• Indoor golf simulator
• Panoramic gym with modern equipment and sea views
• Outdoor yoga area and fitness zone
• Kids’ club with karaoke, ball pit, play counter, and gaming corner
• Kids’ splash pad
• Co-working space with high-speed internet and meeting rooms
• Outdoor BBQ deck and fire pit
• Refreshment bar
• Two double-height lobbies
• EV charging stations
• 2 dedicated covered parking spaces per 3-bedroom unit
• 24-hour security and CCTV
• Al Hamra Golf Club (3-min walk): 18-hole championship golf, driving range, clubhouse
• Al Hamra Marina and Yacht Club (walking distance)
• Al Hamra Mall (4-min drive): cinema, 130+ retail, healthcare

Layout and Floor Plan

Ellington Views I 3-bedroom apartments start from 2,274 sq ft. This distress unit is 2,389.16 sq ft — above the minimum and toward the larger end of the 3-bedroom range, consistent with the 02-series corner configuration where additional exterior wall area adds to the overall footprint. The layout includes three bedrooms (each with en-suite bathroom access), a dedicated study room, two bathrooms, a powder room, a laundry room, an open-plan living and dining area with floor-to-ceiling windows on two sides (corner position), and two balconies — one facing the Arabian Gulf and one facing the Al Hamra Golf Course, enabling the simultaneous dual-view experience that defines the 02-series premium. High ceilings and open-concept living spaces maximise the natural light and view capture. Natural materials — marble, porcelain tiles, porcelain stoneware — are used throughout as standard Ellington specification. The exact floor plan, unit number, and tower allocation (East or West) are available on request quoting reference ELVIEW1-AHV-3BR-2389-02S-001.

Payment, Transfer, and Handover

Ellington Views I was launched with a 50/50 payment plan: 20% down payment on booking, 30% during construction in staged installments, and 50% on handover in Q1 2027. The seller has paid 30% of the total purchase price. The buyer assumes the remaining 70% — comprising approximately 20% in outstanding construction installments to Q1 2027 and the 50% balance due at handover. The 50% balance at Q1 2027 handover can be financed by a UAE bank mortgage, including for non-resident buyers. Critically, this SPA assignment can be completed without triggering the RAK property registration fee at this stage — in Ras Al Khaimah, the 2% property registration fee (equivalent to DLD in Dubai) is payable when the title deed is issued at handover (Q1 2027), not on the off-plan SPA assignment. This means the buyer’s immediate transfer costs are: agency ~2% (~AED 74,000) plus trustee (~AED 4,200). The 2% RAK registration fee (~AED 74,000 on AED 3,700,000) falls due only at Q1 2027 handover. Full paid/outstanding installment breakdown and original Ellington SPA are available on request.

Location and Connectivity

• Al Hamra Golf Club: approximately 3 minutes’ walk — 18-hole championship course
• Al Hamra Marina and Yacht Club: walking distance
• Al Hamra Mall: approximately 4 minutes by car
• Wynn Al Marjan Island Casino & Resort: approximately 10 minutes by car
• RAK International Airport: approximately 30 minutes by car
• Ras Al Khaimah city centre: approximately 15–20 minutes
• Dubai International Airport (DXB): approximately 65 minutes by car
• Downtown Dubai: approximately 70–75 minutes by car
• Jebel Jais (UAE highest peak, world’s longest zipline): approximately 35 minutes
• RAK Waterfront (shopping and dining): approximately 20 minutes
• Rixos Bab Al Bahr / Hilton RAK Beach Resort / InterContinental RAK: within Al Hamra Village

Why Invest in Ellington Views I, Al Hamra RAK

• 15.33% below OP — AED 670,000 saving: One of the deepest distress discounts available on a 3-bedroom unit in Ellington Views I — a project where the developer launch price for 3BR units started at AED 4,370,000. Acquiring at AED 3,700,000 creates immediate embedded equity
• Second price reduction — AED 210,000 below previous ask: The seller has reduced from AED 3,910,000 to AED 3,700,000 — demonstrating genuine urgency and willingness to transact at a meaningfully lower level. This is a motivated seller who needs a swift exit
• Only 17 × 3BR units in the entire building: In an entire twin-tower complex, only 17 apartments are 3-bedroom configurations. This level of scarcity — approximately 1 in every 30+ units — creates a structural premium in both resale and rental markets that is self-reinforcing over time
• 02-Series corner — simultaneous sea and golf views: The dual-aspect 02-series corner unit captures both the Arabian Gulf and Al Hamra Golf Course simultaneously — a view combination that no single-aspect unit can replicate. This dual-view configuration is the single most distinctive premium attribute in the entire building and commands the highest per-sqft resale and rental rates
• No RAK registration fee on transfer now: The SPA assignment transfers without triggering the 2% RAK property registration fee today. The buyer’s immediate acquisition costs are minimised — agency and trustee only — with the 2% registration fee (~AED 74,000) deferred to Q1 2027 handover
• Wynn Al Marjan Island mega-catalyst: The Wynn resort — the Middle East’s first casino, under construction 10 minutes from this unit — is arguably the single biggest capital appreciation driver of any property address in the wider Gulf region. Property prices across Al Hamra Village and Al Marjan Island have risen 37%+ since its announcement. At handover in Q1 2027, the Wynn will likely be open and fully operational, maximising rental demand from international tourists and casino visitors
• 50% mortgageable at handover: The 50% balance due at Q1 2027 handover can be financed by UAE bank mortgage, even for non-residents — enabling the investor to leverage the acquisition and offset mortgage repayments through rental income from day one of delivery
• Ellington Properties brand premium: Ellington is one of the UAE’s most design-focused boutique developers with an exceptional reputation for finish quality, project management, and post-handover service. Ellington properties consistently command rental and resale premiums versus comparable buildings in the same location
• RAK property market appreciation: Ras Al Khaimah recorded 37%+ price appreciation since 2022 — one of the fastest-growing residential markets in the region, fuelled by the Wynn casino, Al Marjan Island master plan, and a surge of international investor demand from Europe, Russia, and Asia
• Freehold for all nationalities: RAK is a 100% freehold zone — all nationalities can own with full property rights. Golden Visa eligible at AED 2M+

Frequently Asked Questions (FAQs)