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Ajman Property - Press Releases:
 
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Steady progress with Ajman sewerage project
www.zawya.com - December 11, 2007


- Ajman's new AED 800 million sewerage system is progressing on schedule, with the   emirate's Al Jurf,   Hamidiya, and new industrial areas now connected as well as part   of Nuaimiya.

- Ajman Sewerage (Pvt) Co Ltd is now preparing to do the ground works in Al   Rashidiya which will be   ready by the end of December.

- The first stage - screening of wastewater - is already completed and fully   operational along with seven   pumping stations.

- Work on the secondary biological treatment is due to start early next year.

- Capacity to handle 49,000 m3 effluent per day with a peak load of about 78,000 m3,   connected to 75,000   homes and businesses on 12,500 plots of land.

- Construction works follows the best international standards of quality in terms of   materials and   procedures.

- Treated water has the potential to transform large tracts of desert areas into   grassed or arable land.
 
More details of Ajman International Airport unveiled
By Nadia Saleem, Staff Reporter (Gulf News, May 4,2008)


- It will cover more than 60 million square feet, located 3.5 kilometres from Al   Manama, Ajman.

- It will accommodate commercial aircraft. It will have a capacity of 1 million   passengers a year rising up   to 10.4 million by 2046, as well as cargo of at least   400,000 tonnes, and corporate aviation among other   infrastructure capabilities.

- The cargo activities will take up 70 per cent of the airport services.

- There are niche services that can be provided by Ajman International Airport that   are difficult for large   airports to manage. (Said Burns)

- Services involving cargo jets, general aircrafts and low-cost carriers, adding that   this would make the   project complementary rather than a competition to other   airports.
 
Work on Dh 12 Billion Ajman Airport to begin later this year
By Eman Al Baik on Tuesday, March 25 , 2008 (Emirates Business 24/7)


- Dh 12 Billion Ajman Airport project is expected to begin later this year, 2008.

- The management of the airport will be the responsibility of ICTC, which runs 200   international airports   around the world including Frankfurt International Airport.

- The project is expected to create 28,000 jobs.
 
Ajman Marina Work to Begin This Year
www.zawya.com April 12, 2008.


- Dh 3 Billion Project with 244,409 Square-metre.

- To be completed in 2015.

- Phase one will start this year and will be completed in 2010.

- Phase two will begin in 2011 and is scheduled for completion after two years.

- Phase three will start in 2013 and is expected to complete in 2015.

- The Marina bay and the promenade to stretch for 1.7 km which can accommodate   up to 300 boats and   will take up to 18 months.

- The project will deliver a total of 30 buildings - some are high-rise towers of up to   60 floors and the   low-  rise buildings will be of nine floors.

- Ajman Marina residential district will be 795,852 sq m.

- More than 65% of the project's built-up area is made up of residential space.

- There are approximately 5,161 high-end housing units in both high-rise towers and   low-rise buildings that   will cater to about 14,000 residents.

- 23% of the project - 273,695 sq m has been planned to cater to 1,400 companies   and 38,692 users.

- Project’s Master Plan is finished.

- The total parking area that will be offered will be about 541,849 sq m.

- Will have five-star hotel with 210 rooms and 15 suites, and luxury hotel apartments   that include 100   serviced apartments. In addition to that, the hotel will provide   68,000 square metres of retail space.

- Walkway covers more than 50,000 sq m.

- There will be a total of 24,000 sq m of shopping outlets, a park and a children's   playground.
 
Ajman seals major real estate investment
Khaleej Times - November 29, 2007


DUBAI — Shaikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, unveiled on Tuesday 'Ajman Uptown', a Dh2.5 billion residential township located in Ajman and being developed and promoted by Sweet Homes.

'Ajman Uptown' is set to offer a total of 1,504 G+2 villas and townhouses and 7 G+4 buildings spread over 4 million square feet of land that is directly accessible from the Emirates Road and adjacent to Emirates City.

The project offers eight different types of two, three and four-bedroom townhouses and exclusively designed five-bedroom VIP villas, all carrying the overall theme 'L' Art De Vivre' or 'Redefining the Art of Living'.
 
Ajman gets a further $13 billion for investment
www.zawya.com - January 25 , 2007


With a total amount of investments already reaching US 7 billion from projects launched after 2004 and 2005, Ajman is now planning to develop four new major property projects that is anticipated to drastically alter the emirate's landscape, making it more beautiful and distinguished than before.

The total investments of just two out of the the four planned projects have been estimated at a cost of US 15 billion. 'Ajman Marina' has an investment of US 2 billion, while 'Al Azoura' comes with a price tag of US 13 billion. For this new development, Ajman has put aside up to US 600 million which will be dedicated to project's infrastructure, for the coming two years.

His Highness Sheikh Ammar bin Humaid Bin Rashid Al-Nuaimi, Crown Prince of Ajman, expressed his delight for the selling of the first phase of the Ajman 1, which was launched at the gate of the emirate only two months ago.

"The Government of Ajman is making plans for the next 10 years, which include investment projects that will contribute to raising the economy and tourism levels inside the emirate. In order to facilitate this success we have to create amenities that investors need, including transportation and roads as well as a metro that will link Ajman to Dubai.
 
Ajman Holding to invest Dh 1.5 Billion
Khaleej Times - October 3, 2007.


Ajman Holding, a diversified group of companies, yesterday said it plans to invest more than Dh1.5 billion over the next five years in real estate projects, a hotel, malls and other infrastructure related businesses in the UAE emirate of Ajman.

Shaikh Abdul Aziz bin Humaid Al Nuaimi, chairman of Ajman Holding Group, said that Ajman offers market access to over 1.8 billion consumers throughout Asia and Africa with a market capitalisation of more than Dh3.67 trillion ($1.4 trillion).
 
Emirates Post ventures into Ajman property
www.zawya.com - April 6, 2008.


Emirates Post Group has ventured into property development in Ajman by entering into an agreement with Ajman Sports and Cultural Club to develop malls & commercial buildings in Ajman on land owned by the club.

Emirates Post will build malls and commercial buildings in three locations, with the Ajman club receiving a fixed percentage of the revenues annually for a 20-year period.

In addition, Emirates Post Group will offer space to the Ajman club to open supermarkets which will be run by the proposed Ajman Cooperative Society.

The rest of the space will be used by Emirates Post Group to offer postal and non postal services, for activities of subsidiaries companies and for renting to outside companies.
 
Ajman to have Dh 4.5 Billion Mini-City
By Nissar Hoath on Tuesday, January 1 , 2008 (Emirates Business 24/7)


- A glamourous Dh4.5 billion mini-city, called Princess Resort, will be built around the   town. Nestled in the   foothills of the Hajar Mountain Range between Massafi and Al   Dhaid on the north side of the
   Sharjah-Fujairah Highway.

- The mega project, 70km east of Ajman city, is being developed by Dubai-based PKN   Group.

- Designed to incorporate entertainment venues, palaces, lagoons, equestrian trails   and even snow-capped   towers, the resort comprises nearly 1,600 one- to three bedroom apartments along with 100 exclusive   villas and chalets and two five-star   hotels with 488 rooms. Work has started and is scheduled to be   completed by 2010.

- To speed up the project, Group RCI, part of the Wyndham Worldwide group of   companies in the United   States, has announced an agreement with PKN Group to   manage the vacation rental and exchange   courses for the new resort.

- Owners will also have access to 4,000 resorts worldwide that are affiliated with the   RCI vacation   exchange network. Under the agreement, Group RCI will manage   more than 500 residential units within   the PKN holiday exchange programme.
 
Dubai Investments eye $2.7bn Ajman project
By Agencies on Wednesday, January 23 , 2008 (Emirates Business 24/7)


- Dubai Investments Co (DIC), is planning a real estate project in Ajman worth more   than Dh10 billion   ($2.72 billion).

- The company's subsidiary Dubai Investments Real Estate Company plans to   increase investments to at   least Dh 20 billion ($5.5 billion) in the next five years   from Dh3 billion ($821.9 million) now By Chief   Executive, Khalid Bin Kalban.

- The firm will post a growth of more than 50% in fourth-quarter profit to possibly the second-highest   quarter on record, spurred by higher income from property projects.
 
GREAT Properties announces first project
Ameinfo.com - February 14, 2008 at 15:23


- Blossoms Towers project, which has a total investment value of close to Dhs1bn.

- The Blossom Towers development is targeted at upper lower- to middle-income   earners.

- With approximately Dhs 1.4 Billion worth of real estate projects under development, Ajman is currently   ranked third out of all the emirates in terms of development.

- Ajman's competitive status is due in large part to the development of a number of   large projects, such as   the Ajman Marina, Emirates City, Humaid City, Zayed City,   Marmooka City, with many more on the way.
 
Dhs 1.7 Billion Rainbow Towers project 90% sold
www.zawya.com - Sunday, January 20 - 2008 at 12:40


- Residential development comprising of a total of 9 towers has been sold, with the   first six towers   achieving 100% sales prior and shortly after the project's launch in   mid 2007.

- Acquisition of a 208,278 square feet plot in Emirates City.

- Expected to be completed by mid 2010.

- Entertainment Zone, a 15,274 square feet developed recreational facility, which will provide entertaining   activities to be enjoyed by tenants.

- The recent launch of the Dhs2.5bn Ajman Uptown project, the first freehold villa and   townhouse   community in Ajman, marks the first phase of the developer's massive   regional expansion.
 
Ajman unveils Dh220b project
By Nadia Saleem, Staff Reporter, Gulf News
Published: May 02, 2008, 00:30


- Dh220 Billion mixed-used freehold development was launched on Thursday by Al   Zorah Development.

- Located on the northern coast of Ajman.

- Will support a resident and working population of 200,000, with residents making up   about 85%.

- Project will take 5 - 7 years to be completed.

- It will be a self-contained community comprising residences, offices, retail, schools, clinics and leisure   facilities including five marinas and a number of five star hotels   and resorts.

- An area of 12 square kilometres will be covered, with a built up area of 22 million square meters.

- Residential buildings will make up 52 per cent of the built up area, offices 22 per cent, retail stores 11 per   cent, hotels eight per cent, with warehousing, storage and   infrastructure making up the remainder.

- 30% of the project, focusing on strategic buildings.

- Al Zorah will also house a retail mall spread out over 200,000 square meters, along   with villages, golf   course, parkway development, equestrian centre, hospitals and   other community healthcare facilities and   three schools.

- It will also have large areas of water and green public spaces, as well as 20 kilometres of canals and   waterways. There will be a total of 16 kilometres of sandy   white beaches and waterside walks.

- The whole development will be linked to the Emirates Road with a new 8.5-kilometre access road.
 
Emirates City on The Rise
By Eman Al Baik on Thursday, February 14 , 2008
Emirates Business 24/7


- Infrastructure and groundwork at the Dh15 billion Emirates City in Ajman has   entered an advanced   stage, enabling developers to start construction of their towers and residential units on schedule, said a   key contractor of the project.

- Tech Group, the umbrella company for its subsidiaries, Construction Tech, Remix Tech, Aluglass Tech,   Block Tech and Piling Tech among others, has announced that it has completed Dh1bn worth of   groundwork and Dh500 million worth of piling and   foundation work, said Ali Ghalib Jaber, CEO of the   Ajman-based company.

- Jaber said the group’s construction arm, Construction Tech, has been commissioned to develop Paradise   Lakes Towers – three towers worth Dh250m. “Emirates City is one of the most important projects being   developed in the UAE. For this complex scheme to succeed, the companies involved in its development   have to be capable of delivering quality work according to a specified schedule.

- Emirates City will offer more than 90 residential and commercial towers and will include lakes and parks, a   shopping district, mosques, five-star hotels and educational and medical facilities.
 
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