The latest 1,000-unit phase of Al Hamra Village, a Dh5 billion (US$1.36bn) residential and leisure development in Ras al Khaimah, is on course for delivery by September, with fears about buyers not making payments proving groundless, according to the developer.

Many buyers had been waiting for their property in Al Hamra Village, the first development where foreigners were allowed to buy in Ras al Khaimah, for two to four years, and in most cases 50 per cent of the property price was due after delivery.

The National