Major projects announced in Awali City of Ajman
Monday, July 21, 2008
Awali Real Estate Investment has announced the launch of four towers worth Dh.1.2bn within Dh.20bn Awali City in Ajman.
The first among these is the Mashrabia Residence, a 25-storey twin tower residential project with a total of 800 apartments. The residence will spread across 14,965 square feet of space on each floor. It will include amenities such as the health club, swimming pool, retail space and parking amenities. The prices begin with Dh.575 per square foot, and an additional Dh.3 per floor.
The Chevron commercial towers will include 25-storey towers each, spreading across 15000 square feet of office space on each floor. It will house 304 offices in each tower, with amenities such as health club, gymnasium, and retail space. The prices begin at Dh.650 per square foot with additional Dh.3 being charged per floor.
The projects are due for completion by 2011.
The Dh.65mn worth design and engineering contract for 15 residential and commercial towers in Awali City has been handed over to Adnan Saffarini Engineering Consultants. The towers include 11 towers of 32 storey each, which makes the northern and southern gates of the city, and four 50-storey buildings, which form the entrance to Awali City from Emirates Road.
According to Mohammed Al Nemer, the Chief Marketing Officer, Awali Real Estate, Awali City is the first among a series of projects to be launched in Awali this year. The demand for real estate has grown considerably in Ajman, during the last couple of years, which has encourage developers to launch several mega projects in the emirate to fill-up the supply-demand gap.
Moreover, the Ajman government has developed a sound infrastructure system and reformed its laws to ensure complete transparency and accessibility of the real estate market, he added.
Awali City is a Dh.20bn development in Ajman along the Emirates Road, and is developed on 33million square feet of land. It will include 136 plots of land meant for residential and commercial use. It will include a range of towers, varying from 17 to 50 storeys, and will accommodate 120,000 people.
Social BookmarkingThe first among these is the Mashrabia Residence, a 25-storey twin tower residential project with a total of 800 apartments. The residence will spread across 14,965 square feet of space on each floor. It will include amenities such as the health club, swimming pool, retail space and parking amenities. The prices begin with Dh.575 per square foot, and an additional Dh.3 per floor.
The Chevron commercial towers will include 25-storey towers each, spreading across 15000 square feet of office space on each floor. It will house 304 offices in each tower, with amenities such as health club, gymnasium, and retail space. The prices begin at Dh.650 per square foot with additional Dh.3 being charged per floor.
The projects are due for completion by 2011.
The Dh.65mn worth design and engineering contract for 15 residential and commercial towers in Awali City has been handed over to Adnan Saffarini Engineering Consultants. The towers include 11 towers of 32 storey each, which makes the northern and southern gates of the city, and four 50-storey buildings, which form the entrance to Awali City from Emirates Road.
According to Mohammed Al Nemer, the Chief Marketing Officer, Awali Real Estate, Awali City is the first among a series of projects to be launched in Awali this year. The demand for real estate has grown considerably in Ajman, during the last couple of years, which has encourage developers to launch several mega projects in the emirate to fill-up the supply-demand gap.
Moreover, the Ajman government has developed a sound infrastructure system and reformed its laws to ensure complete transparency and accessibility of the real estate market, he added.
Awali City is a Dh.20bn development in Ajman along the Emirates Road, and is developed on 33million square feet of land. It will include 136 plots of land meant for residential and commercial use. It will include a range of towers, varying from 17 to 50 storeys, and will accommodate 120,000 people.
Labels: Ajman, Awali-city, Real Estate Projects
Sweet Homes launches Dh1.3bn mixed-use luxury development in Ajman
Sunday, June 22, 2008
A leading UAE-based developer, Sweet Homes, has announced the launch of Dh.1.3billion development in Ajman.
The project includes seven commercial and residential towers, and 1504 villas and townhouses spread across 4m sq. ft., within the Dh.2.5billion 'Ajman Uptown' community development, which is likely to accommodate the first freehold residential villas in Ajman.
Sweet Homes will build five mixed-use luxury towers, including a 42,936 Sq. Mt. building - 'Heliconia', which comprises 352 studio, single and double bedroom flats, and 30 prime retail spaces on the ground floor. The other developments are the 'Iris' - a 22,741 sq. mt. development including 188 flats and 15 commercial spaces; 'Jatropha' - a 21,751 sq. mt. mid-rise structure including 184 residential and 14 commercial units; 'Kentia' - a 30,430 sq. mt. development with 224 residential flats, 28 business spaces; and 'Ludisia' - a 17,321 sq. mt. development with 148 apartments and 14 retail units.
Ajman Uptown will also include two office towers - 'Freesia' and 'Gardenia'. They will prove to be an ideal location for commercial and retail projects, accessible directly from the Emirates Road.
Spreading across 20,733 sqm, Freesia will house 152 offices and 13 showrooms, while 'Gardenia' which spreads across 26,619 sqm of space will have 212 offices and 16 showrooms. Both these towers will include a health club at rooftop, and basement parking facility.
The residential development will include amenities such as a healthcare center, school, fire fighting station, several mosques, health and recreation club, swimming pool, parks, shopping mall, retail shops, boutique offices, hotels, food courts all surrounded by a single 1.15km pedestrian pathway.
Social BookmarkingThe project includes seven commercial and residential towers, and 1504 villas and townhouses spread across 4m sq. ft., within the Dh.2.5billion 'Ajman Uptown' community development, which is likely to accommodate the first freehold residential villas in Ajman.
Sweet Homes will build five mixed-use luxury towers, including a 42,936 Sq. Mt. building - 'Heliconia', which comprises 352 studio, single and double bedroom flats, and 30 prime retail spaces on the ground floor. The other developments are the 'Iris' - a 22,741 sq. mt. development including 188 flats and 15 commercial spaces; 'Jatropha' - a 21,751 sq. mt. mid-rise structure including 184 residential and 14 commercial units; 'Kentia' - a 30,430 sq. mt. development with 224 residential flats, 28 business spaces; and 'Ludisia' - a 17,321 sq. mt. development with 148 apartments and 14 retail units.
Ajman Uptown will also include two office towers - 'Freesia' and 'Gardenia'. They will prove to be an ideal location for commercial and retail projects, accessible directly from the Emirates Road.
Spreading across 20,733 sqm, Freesia will house 152 offices and 13 showrooms, while 'Gardenia' which spreads across 26,619 sqm of space will have 212 offices and 16 showrooms. Both these towers will include a health club at rooftop, and basement parking facility.
The residential development will include amenities such as a healthcare center, school, fire fighting station, several mosques, health and recreation club, swimming pool, parks, shopping mall, retail shops, boutique offices, hotels, food courts all surrounded by a single 1.15km pedestrian pathway.
Labels: Ajman, Freehold Property, New Developments, Villa Projects
Triple Towers - a Dh 500mn project launched in Ajman
Saturday, June 21, 2008
An Abu Dhabi-based developer, Saleh Amer Al Katheeri, together with International Capital Trust (ICT), the German investors, have launched a Dh.500mn project - Triple Towers at Park View development in Ajman.
Being a cluster of three towers, it includes 1160 units comprising studio, single, and double bedroom apartments, spread across a built-up area of 65,400 square meters.
The Chairman of High Sky Properties, Saleh Amer Al Katheeri, said "These are being offered at a pre-launch price of Dh.465 to Dh.480 per square feet, which is an attractive option for investors. The total value of the project exceeds Dh.500million. We see strong investor response for these projects."
The construction of the development is likely to begin in August and will be ready by end of 2010.
High Sky plans to launch a 120-plot residential community in Ajman within next five years, and is aiming a portfolio of more than Dh.37billion ($10billion).
In the meanwhile, there is increasing concern about the shortage of power supply on completion of the buildings. But, Katheeri has assured that the government has promised a steady power supply, and in case of any shortage, a generator will be installed to power the buildings.
Located just thirty minutes from Dubai, it is easily accessible to Dubai Media City, Dubailand, and Dubai Internet City. Residents can have an easy access to major roads such as the Emirates road and Sheikh Zayed Road.
ICT is a new German investment house established for conception and marketing of closed-end funds and leading investment vehicles. High Sky Properties is a local developer, which brings in affordable apartments to expatriate population.
Labels: Ajman, Apartments, Residential
Crescent Towers unveiled in Ajman's Marmooka City
Wednesday, June 18, 2008
A luxurious residential project, Crescent Towers, has been officially unveiled by Al Jabal Holdings in Ajman's Marmooka City.
Comprising 18 storey towers, the development has been designed by one of the oldest and most renowned architectural firms in UAE, Adnan Saffarini Engineering Consultants.
Al Jabel Real Estate development has forayed into the UAE realty sector through the launch of Crescent Towers, which is due for completion in October 2011. Each floor of the tower will have nine spacious apartments, including studios, single bedroom, double bedrooms and triple bedrooms.
Crescent Towers is located on the 12 lane Emirates Road highway, connecting Ajman to Dubai, with the Crescent Towers being ideally positioned at a short distance from one of the most unique coastlines in the UAE. Marmooka City, in particular, has drawn the attention of home seekers due to its unique master-plan and amenities.
"Marmooka City is developing its own city within a city comprising shopping malls, mosques, schools, and lush gardens at affordable prices, which is perhaps the most lucrative investment potential in the realty market today," says Saeed Ali Currimjee, the Managing Director, Al Jabal Real Estate.
The apartments will make maximum use of natural light, reflecting the environmentally friendly approach of Crescent Towers. Residents can enjoy the access to world-class amenities such as rooftop pool, state-of-the-art gym, and ample covered parking.
The Crescent Towers will be one of the most admired developments in the Marmooka City, offering spacious, tranquil and refined living, explains CEO of Adnan, Ahmad Saffarini. The Ajman government envisions the city as an international tourist destination and business hub.
Labels: Ajman, Luxury Homes, Residential
New property law issued in Ajman
Tuesday, June 17, 2008
A new property law has been issued in Ajman, which is expected to take the property sector in Ajman to further heights.
The Member of Supreme Council and Ruler of Ajman, H.H. Shaikh Humaid Bin Rashid al Nuaimi, issued Amiri Decree No.7 and 8, 2008, to regulate the land and property sector in the emirate last week.
The prices in Ajman's property sector have climbed up from Dh.350 per square foot to Dh.500 per square foot over the past six months. Billions of dollars are being invested in the property sector of the emirate, and the growing housing sector in Ajman has drawn considerable interest from the investors.
The 34 articles in the decree legalizes freehold ownership of property and land for UAE and GCC citizens, and the companies wholly owned by them, as well as to the public stock companies. GCC buyers and developers also have the right to own land and properties on freehold basis or on 50-year leasehold basis, renewable in designated areas to be determined and approved by the Ajman Ruler.
The law designates the Department of Land and Property to regulate the sector, and the department is entirely responsible for registration of property rights and long-term leasing contracts.
The bank guarantees need to be deposited for those wishing to invest in Ajman, and that amount should be used only for the project. An amount of five percent of project value will be frozen and will not be released until completion of construction of the project.
The Law stipulates that a developer cannot advertise projects without written approval from the department. The developers will be responsible for maintaining the project for ten years, following handover.
The law mandates a fine of Dh.100,000 on those who practice real estate business in the emirate without license.
Social BookmarkingThe Member of Supreme Council and Ruler of Ajman, H.H. Shaikh Humaid Bin Rashid al Nuaimi, issued Amiri Decree No.7 and 8, 2008, to regulate the land and property sector in the emirate last week.
The prices in Ajman's property sector have climbed up from Dh.350 per square foot to Dh.500 per square foot over the past six months. Billions of dollars are being invested in the property sector of the emirate, and the growing housing sector in Ajman has drawn considerable interest from the investors.
The 34 articles in the decree legalizes freehold ownership of property and land for UAE and GCC citizens, and the companies wholly owned by them, as well as to the public stock companies. GCC buyers and developers also have the right to own land and properties on freehold basis or on 50-year leasehold basis, renewable in designated areas to be determined and approved by the Ajman Ruler.
The law designates the Department of Land and Property to regulate the sector, and the department is entirely responsible for registration of property rights and long-term leasing contracts.
The bank guarantees need to be deposited for those wishing to invest in Ajman, and that amount should be used only for the project. An amount of five percent of project value will be frozen and will not be released until completion of construction of the project.
The Law stipulates that a developer cannot advertise projects without written approval from the department. The developers will be responsible for maintaining the project for ten years, following handover.
The law mandates a fine of Dh.100,000 on those who practice real estate business in the emirate without license.
Labels: Ajman, Latest News, Property Law
Lake Signature development unveiled in Ajman
Saturday, June 07, 2008
A leading real estate developer in the UAE, Gr8 Real Estate, has revealed the launch of Lake Signature, a residential project located at the Emirates Lake Towers, in Emirates City, Ajman.
The 30 storey development offers a range of studios, single and double bedroom units, with 100% ownership benefit, and UAE residence visa.
Other noteworthy features of this state-of-the-art residential tower are the 24 residential floors, G + 5 podium parking, provision for sporting such as Table Tennis, and Billiards, apart from Gymnasium, Sauna Room, Jacuzzi, Ladies Aerobic Hall, separate swimming pool for adults and children, an exclusive lobby, guest room, wireless internet and round the clock security.
Gr8 Holding is a subsidiary of Gr8 Group, which has made its significant presence felt in various industries over the last thirty years. Established in 2004, the company has carved a niche for itself in the UAE realty sector, and has been handling property sales, property management, leasing and brokerage.
The 30 storey development offers a range of studios, single and double bedroom units, with 100% ownership benefit, and UAE residence visa.
Other noteworthy features of this state-of-the-art residential tower are the 24 residential floors, G + 5 podium parking, provision for sporting such as Table Tennis, and Billiards, apart from Gymnasium, Sauna Room, Jacuzzi, Ladies Aerobic Hall, separate swimming pool for adults and children, an exclusive lobby, guest room, wireless internet and round the clock security.
Gr8 Holding is a subsidiary of Gr8 Group, which has made its significant presence felt in various industries over the last thirty years. Established in 2004, the company has carved a niche for itself in the UAE realty sector, and has been handling property sales, property management, leasing and brokerage.
Labels: Ajman, Residential
Ajman unveils Dh 2bn Smart City development
Wednesday, June 04, 2008
A member of the Giga Group, which is also one of the leading property developers in the region, namely Goldcrest Properties, has unveiled the Dh.2bn Smart City project - a freehold residential development, in Ajman.
Comprising eight luxury towers, across a built-up area of 4.2million square feet, along the Emirates Road, Smart City offers about 3500 luxury apartments including studios, single and double bedroom units.
The Managing Directors of Goldcrest Properties, Amir Giga is of the opinion that Smart City will surely be a picture of inspiration and the quality of planning and attention to detail employed in the project, will be highly appreciated by the residents of the community, both in terms of aesthetics and function.
The Giga Group is also offering in-house interest-free financing options with flexible payment options for the development.
Comprising eight luxury towers, across a built-up area of 4.2million square feet, along the Emirates Road, Smart City offers about 3500 luxury apartments including studios, single and double bedroom units.
The Managing Directors of Goldcrest Properties, Amir Giga is of the opinion that Smart City will surely be a picture of inspiration and the quality of planning and attention to detail employed in the project, will be highly appreciated by the residents of the community, both in terms of aesthetics and function.
The Giga Group is also offering in-house interest-free financing options with flexible payment options for the development.
Labels: Ajman, Freehold Property, Residential
Al Barakah real estate group to build tallest tower in Ajman
Tuesday, May 27, 2008
The Dubai-based Al Barakah real estate group, which has made its strong presence felt in all segments of real estate sector, and which currently holds a project portfolio of more than Dh.8billion, has now announced the launch of 'Manara Ajman', which is likely to be the tallest tower in Ajman.
The 95-storey tower will be a part of Dh.4bn mixed-use development in Marmooka City, being developed by Al Barakah group. Although, the exact height of the tower is yet to be revealed, Manara Ajman, adds an interesting vertical dimension to Ajman's skyline.
Manara Ajman, known as 'Lighthouse of Ajman' in Arabic, will be a part of the large multi-storeyed project -The Crest. The Crest comprises freehold commercial, residential and retail segments along with modern entertainment, lifestyle, leisure and fine dining opportunities.
The CEO of Al Barakah, Imran Khan, said "The Crest is the most ambitious project that Al Barakah has ever done till date. It is an iconic development that renders Ajman with its first tallest tower ever. Manara Ajman adds a distinct advantage to the project, and is ideally positioned as the gateway to Markmooka City."
Manara Ajman, the 6 million square feet development will include four other towers - the Burj Regal, the Burj Royale, the Burj Monarch and the Burj Regent. The Burj Regent and Burj Monarch will share a common podium, incorporating diverse retail opportunities that spreads across more than one million square feet of area, with a dedicated car parking for the retail sector.
Designed by Primatec International, the project is scheduled to be complete by 2012.
Labels: Ajman, Business Tower
The Dh.3.5bn Eye of Ajman launched in Ajman by Bonyan
Tuesday, May 13, 2008
A Dubai-based realty company, Bonyan International Investment Group, has launched a Dh.3.5billion development, Eye of Ajman, which is also Bonyan's first realty project in Ajman.
The project, which covers 6.27million square feet of space, comprises 109 multi-purpose plots, comprises residential, hospitality, office and retail segments.
Located just 20 minutes away from Dubai, the project includes residential towers, lakes, and garden views with ample parking spaces allocated to residents and visitors alike.
Bonyan in its statement, revealed that a number of plots are designed to take the shape of a human eye, and the plots will house a mosque, hotels, schools, health club, a clinic and an electric sub station located amidst a sprawling urban landscape.
The Company Chairman, Abduallah Atatreh, said "We have identified Ajman to be the perfect location for our flagship project, due to its rapid advancement in infrastructure and land ownership legislation. We are confident that Eye of Ajman will be a major step in the positive direction towards continuing growth of Ajman as a business hub by drawing huge foreign investments and investments from across the region."
The project, which covers 6.27million square feet of space, comprises 109 multi-purpose plots, comprises residential, hospitality, office and retail segments.
Located just 20 minutes away from Dubai, the project includes residential towers, lakes, and garden views with ample parking spaces allocated to residents and visitors alike.
Bonyan in its statement, revealed that a number of plots are designed to take the shape of a human eye, and the plots will house a mosque, hotels, schools, health club, a clinic and an electric sub station located amidst a sprawling urban landscape.
The Company Chairman, Abduallah Atatreh, said "We have identified Ajman to be the perfect location for our flagship project, due to its rapid advancement in infrastructure and land ownership legislation. We are confident that Eye of Ajman will be a major step in the positive direction towards continuing growth of Ajman as a business hub by drawing huge foreign investments and investments from across the region."
Labels: Ajman, Real Estate Projects
The Boulevard - new signature community development in Ajman
Sunday, May 11, 2008
A member of Ajman Holding and leading property developer in the Middle East, aaproperty.ae, has announced the launch of its Dh.1.5bn signature community development, 'The Boulevard', in Ajman. The property will be marketed and sold through Gowealthy.com, the global property and lifestyle brand in the region.
Aimed at young professionals and families, The Boulevard, will offer potential home owners and investors elegant residential accommodation, apart from dynamic business environment and modern office amenities.
This signature development in Ajman will comprise fourteen residential and commercial towers, conference facility and world class hotel, apart from retail shopping mall with leading popular brands, chic cafes and boutique shops.
The development features residential units with an attractive starting price of AED 191,500 and a range of single and double bedroom apartments and duplex penthouses.
Situated at just 25 minutes away from Emirates Road and Dubai Internaitonal Airport, and 10 minutes from Sharjah International Airport, the Boulevard, offers spacious and affordable residential apartments with good amenities.
A three storey shopping mall which spreads across 170,000 square foot of space, a hotel, a shopping zone, a spa, roof gardens and food court are the other amenities featured in the development. The project also offers health clubs, rooftop swimming pools, five storey podium parking that can accommodate 3300 vehicles, an high-speed internet café, apart from cable TV to each unit and 24-hour security service.
The two commercial towers in the community comprises 29 storey each, apart from two facilities floors, while the residential towers are 10 to 20 storey each. Each of the residential and commercial tower features their own health club facilities too.
Established in 2007, aaproperty.ae is a leading property development group (particularly for mixed-use projects) in the Middle East. Being a real estate arm of Ajman Holding, aa property offers innovative design and construction of luxury freehold apartments, malls, offices and hotels.
Social BookmarkingAimed at young professionals and families, The Boulevard, will offer potential home owners and investors elegant residential accommodation, apart from dynamic business environment and modern office amenities.
This signature development in Ajman will comprise fourteen residential and commercial towers, conference facility and world class hotel, apart from retail shopping mall with leading popular brands, chic cafes and boutique shops.
The development features residential units with an attractive starting price of AED 191,500 and a range of single and double bedroom apartments and duplex penthouses.
Situated at just 25 minutes away from Emirates Road and Dubai Internaitonal Airport, and 10 minutes from Sharjah International Airport, the Boulevard, offers spacious and affordable residential apartments with good amenities.
A three storey shopping mall which spreads across 170,000 square foot of space, a hotel, a shopping zone, a spa, roof gardens and food court are the other amenities featured in the development. The project also offers health clubs, rooftop swimming pools, five storey podium parking that can accommodate 3300 vehicles, an high-speed internet café, apart from cable TV to each unit and 24-hour security service.
The two commercial towers in the community comprises 29 storey each, apart from two facilities floors, while the residential towers are 10 to 20 storey each. Each of the residential and commercial tower features their own health club facilities too.
Established in 2007, aaproperty.ae is a leading property development group (particularly for mixed-use projects) in the Middle East. Being a real estate arm of Ajman Holding, aa property offers innovative design and construction of luxury freehold apartments, malls, offices and hotels.
Labels: Ajman, Community, Freehold Property
Escape launches Saddle Homes in Ajman
Saturday, May 03, 2008
Escape, an equestrian community which is currently under development in Ajman, has now launched a new housing concept to the market, through the launch of Saddle Homes.
The Saddle Homes are two-storey residences that are more like spaciously designed small villas that blend convenience and ease of an apartment. Being attractively priced, they are positioned in configurations of four, and will be amidst creative landscaping in the eight million square foot project.
Saddle Homes are situated on a subtle rise, facing the expanse of the community, and feature private parking bays, gardens, terraces, community swimming pools, and the wooden fencing that retains a fusion of Arabian, Mediterranean and Ottoman design influences and color schemes.
The two-bedroom units offer slightly different floor plan variations, and maximize the use of natural light, offering Spanish terra cotta flooring and high quality finishing. All residential options are a true blend of modern comfort with top quality details, while also retaining the traditional Islamic and Arabian architecture.
The Escape Sales Consultant, Aadil Sher said "Saddle Homes has been conceptualized to fit a niche in the market. These homes are ideal as a starter home for young couples, professional singles, or a holiday retreat for residents of other emirates or abroad. They are designed in a manner that provides maximum space, good value, and are attractive and easy to care for. This is a winning combination."
Launched during early 2007, villas at Escape witnessed rapid sales. The Saddle Homes are the next sales phase of the project. Apart from the 140 Saddle Homes, Escape offers about 500 three to four bedroom villas, and terraced and low-rise apartments, due to be released for sale in a couple of months.
The development also includes a boutique hotel, Hoofbeatz Activities Center Clubhouse, an equine spa, several multipurpose indoor and outdoor sports or riding arenas, and a mix of health, sports, and leisure amenities all focused on family entertainment. Located adjacent to Emirates Road on the Sharjah and Ajman border, Escape is easily accessible to major urban business and transportation hubs in Dubai and other Northern Emirates.
Escape is set to break ground in May 2008, and is due to be complete by December 2010
Social BookmarkingThe Saddle Homes are two-storey residences that are more like spaciously designed small villas that blend convenience and ease of an apartment. Being attractively priced, they are positioned in configurations of four, and will be amidst creative landscaping in the eight million square foot project.
Saddle Homes are situated on a subtle rise, facing the expanse of the community, and feature private parking bays, gardens, terraces, community swimming pools, and the wooden fencing that retains a fusion of Arabian, Mediterranean and Ottoman design influences and color schemes.
The two-bedroom units offer slightly different floor plan variations, and maximize the use of natural light, offering Spanish terra cotta flooring and high quality finishing. All residential options are a true blend of modern comfort with top quality details, while also retaining the traditional Islamic and Arabian architecture.
The Escape Sales Consultant, Aadil Sher said "Saddle Homes has been conceptualized to fit a niche in the market. These homes are ideal as a starter home for young couples, professional singles, or a holiday retreat for residents of other emirates or abroad. They are designed in a manner that provides maximum space, good value, and are attractive and easy to care for. This is a winning combination."
Launched during early 2007, villas at Escape witnessed rapid sales. The Saddle Homes are the next sales phase of the project. Apart from the 140 Saddle Homes, Escape offers about 500 three to four bedroom villas, and terraced and low-rise apartments, due to be released for sale in a couple of months.
The development also includes a boutique hotel, Hoofbeatz Activities Center Clubhouse, an equine spa, several multipurpose indoor and outdoor sports or riding arenas, and a mix of health, sports, and leisure amenities all focused on family entertainment. Located adjacent to Emirates Road on the Sharjah and Ajman border, Escape is easily accessible to major urban business and transportation hubs in Dubai and other Northern Emirates.
Escape is set to break ground in May 2008, and is due to be complete by December 2010
Labels: Ajman, housing, Villa Projects
Ajman property prices likely to soar by 30%
Tuesday, April 15, 2008
The boom witnessed in Ajman property market is primarily due to the economic growth and also due to the development taking place in its neighboring emirates Dubai and Sharjah.
Ajman has several reasonably priced residential projects that cater to the mid0-income groups. In fact, Ajman has the maximum number of medium-level developments, as majority of these are developed by players who are unable to bear the high construction cost of Dubai. To add to this, the new Escrow/Trust Account Law has brought out more stringent rules in Dubai, thereby decreasing the number of new medium-level developments there.
Analysts reveal that the price and rental structure of residential properties in Ajman are extremely moderate. Majority of developers offer affordable payment packages agreeable to mid-income standards. For instance, the price of a single bedroom apartment in Ajman’s Emirates City, is equivalent to that of a studio in Dubai. This has motivated several mid-income category buyers to re-assess their investment patterns.
In Ajman, the prices the average prices for a studio is US$600 per sqm and for a single bedroom apartment, it is US4480 per sqm.
Studies reveal that rates for residential properties in Ajman have surged by 30% in 2007. The demand for smaller units such as studios, single bedroom apartments too are surging, due to influx of expatriates from emirates of Dubai and Sharjah. They find Ajman to be a good residential and investment proposition due to its excellent connectivity to other emirates.
A similar growth rate in Ajman's property prices has been predicted by analysts for the year 2008-09 too.
Social BookmarkingAjman has several reasonably priced residential projects that cater to the mid0-income groups. In fact, Ajman has the maximum number of medium-level developments, as majority of these are developed by players who are unable to bear the high construction cost of Dubai. To add to this, the new Escrow/Trust Account Law has brought out more stringent rules in Dubai, thereby decreasing the number of new medium-level developments there.
Analysts reveal that the price and rental structure of residential properties in Ajman are extremely moderate. Majority of developers offer affordable payment packages agreeable to mid-income standards. For instance, the price of a single bedroom apartment in Ajman’s Emirates City, is equivalent to that of a studio in Dubai. This has motivated several mid-income category buyers to re-assess their investment patterns.
In Ajman, the prices the average prices for a studio is US$600 per sqm and for a single bedroom apartment, it is US4480 per sqm.
Studies reveal that rates for residential properties in Ajman have surged by 30% in 2007. The demand for smaller units such as studios, single bedroom apartments too are surging, due to influx of expatriates from emirates of Dubai and Sharjah. They find Ajman to be a good residential and investment proposition due to its excellent connectivity to other emirates.
A similar growth rate in Ajman's property prices has been predicted by analysts for the year 2008-09 too.
Labels: Ajman, Market Trends, Property Prices
Ajman top foreign investments in UAE
Thursday, March 20, 2008
Ajman has overshadowed UAE emirates when it comes to drawing foreign investments to UAE, reveal statistics.
According to the latest statistics by the Ajman Chamber of Commerce and Industry, foreigners in Ajman own 33 percent of development projects in the booming city, as against 11 percent in other emirates.
Ajman's annual investment growth rate has been estimated at 6.7 percent on an average by the economic analysts. This economic success has been attributed to the all-encompassing plan adopted by the government there.
The Ajman Marina project General Manager, Azad Nouri, says "The rapid economic growth witnessed by Ajman is the result of distinguished services and incentives that the government provides to draw foreign investments."
Ajman is second to Dubai in adopting a free-hold status, which is an excellent law to draw in huge numbers of investors from both local and international markets. Hence numerous investors have been arriving at the emirate to launch their major projects, as they also get to avail the incentives facilitating issuance of licenses, statistics of interest to developers and businessmen and feasibility studies, he added.
Morever, the investments in Ajman enjoy complete legal and legislative protection, with constantly updated laws that benefit investors. These laws foretell a good future for Ajman, where there are various kinds of investment projects, particularly that of Ajman Marina, which will have a positive influence on the real estate and tourism market.
Ajman Marina will witness the transformation of the emirate into an impressive commercial and residential seaside haven. The project gives the emirate a competitive edge and is likely to create an attractive residential and commercial environment.
The Ajman Marina, with its waterfront lifestyle, spreading across a space of 240,000 square meters, is a luxurious retreat, comprising residential, commercial buildings, five star restaurant, international food chains, sea-view cafes, signature yacht club and extensive shopping mall, apart from various entertainment and leisure amenities.
Labels: Ajman, Investment Property
Sweet Homes to commence construction work on Rainbow Towers project
Monday, March 17, 2008
A leading UAE-based developer and total solutions provider in the realty sector, Sweet Homes, has revealed the commencement of preliminary phase of construction works for its Rainbow Towers project, worth AED 1.7billion, at the Emirates City, which also marks the maiden offer by the developer as a full-service real estate company.
This follows the recent shoring and excavation contract, which was offered to Piling Tech LLC for its initial groundwork for Towers B10, B14 and B15, three out of nine towers in the Rainbow Towers development.
Earlier, the developer also announced that six towers were already sold out, and out of the remaining three towers, 70% have been sold already. The entire project is due for completion by mid 2010.
Speaking during the occasion of groundbreaking ceremony, the CEO of Sweet Homes, Fahad Sattar Dero, mentioned that the excavation contract has been awarded to Piling Tech LLC due to their impressive background, outstanding track records, and competitive bidding.
Being ideally located along the Emirates Road, the Rainbow Towers will include nine luxurious 31-storey residential buildings, which comprise high-speed elevators, modern fitness club, Jacuzzi and sauna facilities, recreation area, swimming pool, and sports bar.
Apart from the amenities that the development offers, the investors are also drawn by the unique and highly flexible four-year self-finance payment scheme, which breaks down the payment schedule to just 50 percent of the value, on completion of the project, 25 percent on delivery and remaining 25 percent during handover.
Further to its current portfolio of AED 3.5billion, Sweet Homes has also announced its plan to invest AED 2billion on high-profile commercial, residential and mixed-use real estate developments across Middle East during 2008. Sweet Homes is also on the look out for venture into other UAE emirates through the launch of projects in neighbouring states of Qatar, Saudi Arabia and Oman. The company has already begun its first step ahead in this direction, through the opening of the AED 2.5bn Ajman Uptown project, the first freehold villa and townhouse community in Ajman.
Piling Tech LLC, specialized in civil engineering activities, has built a solid reputation in the regional construction sector through its high profile projects for royal families and government departmtners. The company has worked with both government and private firms such as Bayel Tic, Federal Electricity and Water Authority, and Sharjah Electricity and Water Authority and Chapal World.
This follows the recent shoring and excavation contract, which was offered to Piling Tech LLC for its initial groundwork for Towers B10, B14 and B15, three out of nine towers in the Rainbow Towers development.
Earlier, the developer also announced that six towers were already sold out, and out of the remaining three towers, 70% have been sold already. The entire project is due for completion by mid 2010.
Speaking during the occasion of groundbreaking ceremony, the CEO of Sweet Homes, Fahad Sattar Dero, mentioned that the excavation contract has been awarded to Piling Tech LLC due to their impressive background, outstanding track records, and competitive bidding.
Being ideally located along the Emirates Road, the Rainbow Towers will include nine luxurious 31-storey residential buildings, which comprise high-speed elevators, modern fitness club, Jacuzzi and sauna facilities, recreation area, swimming pool, and sports bar.
Apart from the amenities that the development offers, the investors are also drawn by the unique and highly flexible four-year self-finance payment scheme, which breaks down the payment schedule to just 50 percent of the value, on completion of the project, 25 percent on delivery and remaining 25 percent during handover.
Further to its current portfolio of AED 3.5billion, Sweet Homes has also announced its plan to invest AED 2billion on high-profile commercial, residential and mixed-use real estate developments across Middle East during 2008. Sweet Homes is also on the look out for venture into other UAE emirates through the launch of projects in neighbouring states of Qatar, Saudi Arabia and Oman. The company has already begun its first step ahead in this direction, through the opening of the AED 2.5bn Ajman Uptown project, the first freehold villa and townhouse community in Ajman.
Piling Tech LLC, specialized in civil engineering activities, has built a solid reputation in the regional construction sector through its high profile projects for royal families and government departmtners. The company has worked with both government and private firms such as Bayel Tic, Federal Electricity and Water Authority, and Sharjah Electricity and Water Authority and Chapal World.
Labels: Ajman, Construction Projects, Residential
ACI plans expansion in UAE property market
Monday, February 25, 2008
ACI, the real estate firm that is an affiliate of Alternative Capital Investments, has revealed its plans to expand into Dubai, with its Dh.10billion worth development portfolio of new projects, and also make its foray into Abu Dhabi and Ajman property markets.
The Managing Director of ACI, Robin Loh-mann, said "There will be a total of seven buildings in the Abu Dhabi project, with first five likely to be launched shortly on Reem Island. We plan to diversify. We are on the look out for strategic alliances with major players in Abu Dhabi and Ajman. We will also focus on the Dubai Waterfront and Dubai Laggons this year."
Lohmann said that the company also holds another development on The World, and are keen on entering the Ajman market. He opinioned that all emirates are likely to benefit from the UAE market, as the Abu Dhabi market is picking up at a rapid pace.
He continued "Abu Dhabi is being developed in a manner that is a little different from Dubai. They are trying to include a little culture also in their projects, with things like the Guggenheim and the Louvre. They are trying to do things differently."
Lohmann said property prices in Abu Dhabi have nearly doubled during the past seven to eight months.
"We are eyeing on Abu Dhabi, as it is a totally different market," he said.
As for Ajman, Lohmann said that the development would begin with one residential and one commercial tower. The value of the Ajman project is yet to be revealed.
ACI is also planning to open another office in Doha during second half of the year. The 'Trilogy Towers', worth Dh.2.2bn, involving German sporting legends, Michael Schumacher and Nikki Lauda, will conclude on Sunday, after the launch of the Boris Becker Business Tower.
Social BookmarkingThe Managing Director of ACI, Robin Loh-mann, said "There will be a total of seven buildings in the Abu Dhabi project, with first five likely to be launched shortly on Reem Island. We plan to diversify. We are on the look out for strategic alliances with major players in Abu Dhabi and Ajman. We will also focus on the Dubai Waterfront and Dubai Laggons this year."
Lohmann said that the company also holds another development on The World, and are keen on entering the Ajman market. He opinioned that all emirates are likely to benefit from the UAE market, as the Abu Dhabi market is picking up at a rapid pace.
He continued "Abu Dhabi is being developed in a manner that is a little different from Dubai. They are trying to include a little culture also in their projects, with things like the Guggenheim and the Louvre. They are trying to do things differently."
Lohmann said property prices in Abu Dhabi have nearly doubled during the past seven to eight months.
"We are eyeing on Abu Dhabi, as it is a totally different market," he said.
As for Ajman, Lohmann said that the development would begin with one residential and one commercial tower. The value of the Ajman project is yet to be revealed.
ACI is also planning to open another office in Doha during second half of the year. The 'Trilogy Towers', worth Dh.2.2bn, involving German sporting legends, Michael Schumacher and Nikki Lauda, will conclude on Sunday, after the launch of the Boris Becker Business Tower.
Labels: Abu Dhabi, Ajman, Real Estate Projects, UAE
Ajman's infrastructure projects crosses Dh.1.38bn mark
Thursday, January 17, 2008
It has been reported that the value of infrastructure projects in Ajman has touched Dh.1.38billion.
During the previous year, Ajman allocated Dh.500mn towards infrastructure, with Dh.45mn for roads and intersections, Dh.85mn for two bridges, Dh.14mn for other roads, their maintenance and renovation, all totaling up to Dh.165mn in value.
Apart from these, the emirate has invested Dh.580mn in projects like construction of bridges, lights, roads and development of government complexes. Among the infrastructure projects, the Dh.800mn sewerage system is a major infrastructure project in the emirate.
The Ajman Marina, worth $2bn, developed by Tanmiyat, is likely to transform Ajman into a popular destination for tourism, business and residence. The mixed-use project will provide residential accommodation for nearly 21,000 residents, and will include commercial and entertainment areas that spread over three million square feet. The project, which is open to all nationalities on a freehold basis, is expected to be complete by 2015.
Apart from the exclusive features that Ajman Marina has to offer, such as the yacht club, residential towers with view of marina and shores, restaurants, entertainment amenities, shopping mall, offices and hotels, the free zone state of the emirate is an easy access to commercial locations.
Social BookmarkingDuring the previous year, Ajman allocated Dh.500mn towards infrastructure, with Dh.45mn for roads and intersections, Dh.85mn for two bridges, Dh.14mn for other roads, their maintenance and renovation, all totaling up to Dh.165mn in value.Apart from these, the emirate has invested Dh.580mn in projects like construction of bridges, lights, roads and development of government complexes. Among the infrastructure projects, the Dh.800mn sewerage system is a major infrastructure project in the emirate.
The Ajman Marina, worth $2bn, developed by Tanmiyat, is likely to transform Ajman into a popular destination for tourism, business and residence. The mixed-use project will provide residential accommodation for nearly 21,000 residents, and will include commercial and entertainment areas that spread over three million square feet. The project, which is open to all nationalities on a freehold basis, is expected to be complete by 2015.
Apart from the exclusive features that Ajman Marina has to offer, such as the yacht club, residential towers with view of marina and shores, restaurants, entertainment amenities, shopping mall, offices and hotels, the free zone state of the emirate is an easy access to commercial locations.
Labels: Ajman
Goldcrest Business Vista project worth Dh.360mn launched in Ajman
Tuesday, January 08, 2008
The joint-venture by Mazyood Giga International and ETA Star, Star Giga, yesterday unveiled the 'Goldcrest Business Vistas', a Dh.360 million project in Ajman. Falling into the category of world-class real estate projects, the Goldcrest Business Vistas provides the best most commercial environment to companies at the regional and international levels, investors and other multinational business establishments.The project is being built in the Emirates City, the new mixed-use development on the Emirates Road in Ajman, and is just 20 minutes away from Dubai and Sharjah International Airport.
The 29 storey commercial tower will include five offices of various sizes, ranging from 845 square feet to 1544 square feet in area, which the investors could choose from. The offices are designed in an open plan, offering space for more interaction and team work. The upscale tower, at its podium level, offers a multi cuisine restaurant, and features a rooftop gymnasium, and pool, for the fitness conscious corporate world.
The Star Giga Executive Director, Amir Pardesi, said Emirates City on Emirates Road in Ajman, being one of the most coveted new developments in UAE, is the most ideal environment to launch a business. The Goldcrest Business Vistas is an ambitious project, with a potential to attract large numbers of business firms, seeking to operate in a modern business environment.
Labels: Ajman, Commercial Property, Goldcrest, Office Space
Barwa launches Ajman Corniche Residence
Tuesday, November 27, 2007
The Barwa Real Estate, a Qatari developer, has unveiled a group of seven interlinked towers in Ajman Corniche Residence, reports Gulf News.
The Ajman Corniche Residence, located on Ajman Beach Road comprises residential areas, shopping malls and entertainment centers, strategically connected to each emirate in such a way that it is 10 minutes away from Sharjah, 5 minutes away from Ajman and 30minutes from the Dubai Airport.
Ajman Corniche Residence is supported by the Ajman Government and is the freehold residential development of Ajman.
The interlinked towers ranging from single to four bedroom sea-view apartments, with a range of 1344 to 5909 square feet in size, comprises landscapes, gardens, and a hoard of other amenities such as sauna, pool, steam room, relaxation area, Jacuzzi, children's play ground, pavilion, and health clubs, all in a luxurious affordable setting meant for commercial or residential purposes or investment.
The project which is expected to be complete by 2010, is 100 percent owned by Barwa International.
Social BookmarkingThe Ajman Corniche Residence, located on Ajman Beach Road comprises residential areas, shopping malls and entertainment centers, strategically connected to each emirate in such a way that it is 10 minutes away from Sharjah, 5 minutes away from Ajman and 30minutes from the Dubai Airport.
Ajman Corniche Residence is supported by the Ajman Government and is the freehold residential development of Ajman.
The interlinked towers ranging from single to four bedroom sea-view apartments, with a range of 1344 to 5909 square feet in size, comprises landscapes, gardens, and a hoard of other amenities such as sauna, pool, steam room, relaxation area, Jacuzzi, children's play ground, pavilion, and health clubs, all in a luxurious affordable setting meant for commercial or residential purposes or investment.
The project which is expected to be complete by 2010, is 100 percent owned by Barwa International.
Labels: Ajman, Freehold Property, Real Estate Projects, Residential, Water front
Ajman I development meets 75% sale within a year of launch
Sunday, November 25, 2007
Aqaar LLC has announced that nine out of twelve residential towers of the Dh.2.7billion mixed-use development in Ajman 1 has been completely sold out.
Spread over an area of 72,000 square meters of area, the Ajman 1 realty comprises 16 towers, a convention center, and retail and leisure amenities.
The Head of Ajman Municipality, H.H. Sheikh Rashid bin Humaid Al Nuami, said that they had targeted a sale of 50% of the project within the first year, and now 9 out of 12 towers have already been sold out, within a year of launch.
Aqaar has announced that it has entered into a deal with the Abu Dhabi Commercial Bank for a major package for financing the construction
Spread over an area of 72,000 square meters of area, the Ajman 1 realty comprises 16 towers, a convention center, and retail and leisure amenities.The Head of Ajman Municipality, H.H. Sheikh Rashid bin Humaid Al Nuami, said that they had targeted a sale of 50% of the project within the first year, and now 9 out of 12 towers have already been sold out, within a year of launch.
Aqaar has announced that it has entered into a deal with the Abu Dhabi Commercial Bank for a major package for financing the construction