Ajman Gate hoped to be a major boost to Ajman property sector

Friday, October 24, 2008

The UAE-based realty developer, Falcon Eye, together with Estate 400, a full service consultancy, sales and management firm, is investing Dh.1.5bn into development of a commercial and residential development, 'Ajman Gate' in Ajman.

Located along the main entrance of Eye of Ajman, off the Emirates Road, the 'Ajman Gate' comprises two towers with connecting cable work between them, creating a gate-like structure that overlooks master development.

Each tower would spread along a total built-up area of 872,000 square feet, for a combined 1,750,000 square feet. About 2400 units and office units would spread across the area, with an equal amount of parking bays.

Adnan Saffarini, the Architect, designer and Engineering Consultant of Ajman Gate, when speaking about the property sector in Ajman, said that the Ajman freehold property sector is more than just a residential hub for the low-income group. It is fast developing to be an alternative for the upper middle class, as a convenient residential and commercial community with everything located within 20 minutes drive from Emirates Road.

There is also considerable demand from the commercial sector, owing to the success of residential projects. Hence the Ajman Gate is aptly designed to offer a blend of both residential apartments and office modules, he added.

Residential units of Ajman Gate will be sold at a starting price of Dh.600 per square feet, while commercial units would be sold at a starting price of Dh.750 per square feet.

The construction and delivery of the entire project would happen within the next four years.

According to Khan, Ajman's booming real estate sector is growing to be popular among investors due to its competitive prices and rapid appreciation in market value and minimal risks.

Labels: Ajman, Latest News

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posted by Exclusive Dubai, 10/24/2008 10:44:00 PM

2 Comments:

Ajman Gate at 72 floors is excellent value considering Burj Manara (the highest tower in Ajman) starts from 1M AED for studios

Andrew
Dubai Property

commented by

Andrew, 8:01 PM

Ajman Gate at 72 floors is excellent value considering Burj Manara (the highest tower in Ajman) starts from 1M AED for studios...

Andrew
Dubai Property

commented by

Andrew, 8:03 PM

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