[alexft]

Hi folks,

Ajman 1 seems like a nice development in the area. Payment plan if I am right was 30% before completion.

The AED 2,700 million ($740 million) project is made up of 15 towers surrounding a courtyard built on a podium. It is developed in two phases. The first phase involves the construction of 12 residential towers ranging from 26 to 32 storeys and offering a total of 3,850 residential units.

The built-up area will be 72,000 square metres. Completion is planned for early 2010.

More recent news

According to statistics released by the Ajman Chamber of Commerce and Industry, foreigners now own 33 percent of development projects established in the city, in comparison to 11 percent in the other emirates, Khaleej Times reported. Statistics further showed that economic analysts estimated Ajman's annual investments to expand at a rate of 6.7 percent. The economic success is attributed to the emirate and its all-encompassing investment growth plan adopted by the government

MENA English

Ajman-based Tech Group subsidiary Wood Tech has announced the signing of around Dhs31.7m contracts with Falcon City; Atlantis, the Palm; and the Fairmont Palm Residence

Financial Times


Regards,

Alex.