Monday, August 08, 2011

Sweet Homes delivers Falcon Towers to investors

Sweet Homes Holdings has announced the delivery of Dh.507mn worth Falcon Towers to its investors. Tenants have now begun moving into their new homes.

The eight tower project, located at the heart of Ajman, comprises seven residential towers and an office tower. The residential towers include a ground floor, four floors dedicated for parking and 20 residential floors. Each of the residential floors offers four three-bedroom units, two double bedroom units and single bedroom units.

The office tower is a single block tower comprising ground floor, four parking floors, and 23 floors meant for commercial use.

Falcon Towers forms a part of Ajman Freehold Property portfolio and is the fifth project to be completed in the emirate by Sweet Homes. The project construction began in September 2006, and was offered to potential buyers under the theme ‘Live, Work and Play’. The project is aptly located amidst the new corporate district in Ajman and is in proximity to major banks, malls, offices and restaurants.

The announcement reflects the healthy state of affairs in Ajman property market, partly due to the support rendered by ARRA (Ajman Real Estate Regulatory Agency), the government regulatory responsible for licensing of Ajman real estate market.

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