Goldcrest Dreams 1 -2 , Emirates City,Ajman, 07/October/2009

Goldcrest Dreams, Emirates City, Ajman construction update, 16/August/2009

Emirates City , Ajman construction photos, 16/August/2009

more photos of Emirates City Ajman here :

http://picasaweb.google.com/imresolt/EmiratesCityAjmanConstructionPhotos16August2009#

Goldcrest Dreams, Emirates City,Ajman, 25/June/2009

Goldcrest Dreams, Emirates City,Ajman, 25/June/2009

Construction work progressing steadily on Bonyan’s flagship project ‘Eye of Ajman’

Construction work progressing steadily on Bonyan’s flagship project ‘Eye of Ajman’

Developer aims to leverage 2.4 per cent projected growth for the UAE economy in 2009

April 14, 2009

Bonyan International Investment Group (Holding) L.L.C., one of the leading real estate companies in Dubai, announced that the construction works on its flagship project - the ‘Eye of Ajman’ - is progressing at a steady pace, in line with its aims to hit the community development’s delivery deadline. The developer also revealed its plans to leverage the 2.4 per cent growth, which industry experts are expecting the UAE economy to witness in 2009. With heightened focus towards attracting more investors amidst the current economic climate, the developer will be offering special rates for the remaining plots within the ‘Eye of Ajman’ project at the upcoming ‘Cityscape Abu Dhabi 2009’, slated to run from April 19 - 22, 2009 at the Abu Dhabi National Exhibition Centre.

Bonyan company officials are confident that the UAE property market has strong potential to stabilise within a period of around 8 to 12 months, based on market indicators and current industry trends. In addition, the ongoing financial crisis has catalysed fundamental changes in the real estate landscape in the country, thereby reshaping it to become more challenging yet remaining attractive to investors from across the globe. In line with this, Bonyan has previously announced its plans to fully leverage the signed agreement between the Ajman Government and Malaysia-based power producer Malaysian Mining Corporation (MMC) to build the first coal-fired power plant in the region, which will ensure uninterrupted power supply for projects in Ajman including ‘Eye of Ajman’. Further, the recent introduction of the Ajman Real Estate Regulatory Authority (ARRA) is set to provide a boost to the Ajman property market.

“Our focus at this stage is to ensure that the construction process in our ‘Eye of Ajman’ project is proceeding without interruption, and we are proud that our plans for this ambitious project is on track,” said Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group (Holding) L.L.C.. “We remain vigilant in terms of leveraging all available resources as well as the initiatives taken by the UAE Government to provide a strong boost to the real estate market, and we are optimistic that we will be among the leading developers to enjoy continuous success during and after this challenging period.”

The ‘Eye of Ajman’ project boasts of outstanding features including the breathtaking lake and garden views for all the towers, ample parking spaces for residents and visitors, and a well-planned layout for the roads within the community. Conveniently located approximately 20 minutes from Dubai, the project is at the Al Hamidiyah region and 10 minutes from Ajman Corniche, and offers a total of 109 plots, which can accommodate buildings that ranges from G+5P+17 to G+9P+60. Upon its completion, the community development will offer a total built-up area of 38 million sq. ft, which will house schools, hotels, a mosque, clinic, health club and an electric substation.

“In addition to the government’s multibillion dirham initiatives to improve infrastructure, we are also keen on leveraging the excellent investment opportunities, which are being made available to facilitate convenient acquisition of properties for both local and international investors. We are banking on Ajman’s growing repute as an important hub for real estate investments in the region, amidst the continuous development of modern infrastructure for communications, energy, water, social and health services being witnessed across the emirate,” concluded Atatreh.

Ajman channels USD 375 million into infrastructure works and development in 2008

Ajman channels USD 375 million into infrastructure works and development in 2008

Memon Investments aims for growth and development by exploring new markets in the UAE

April 6, 2009

The Ajman Government has invested a total of USD 375 million in building roads and intersections, bridges, as well as maintenance and renovation of public facilities in 2008, according to recent reports. A review of past statistics also showed that this figure is almost triple the amount allocated for improving the infrastructure within the emirate in 2007, which was estimated at USD 136 million. Having built strong partnerships with the most prestigious master developers in Dubai, Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, revealed that it is currently eyeing high profile city developments in Ajman as locations for its upcoming projects.

In addition to the sizeable investments into developing its public works, the Ajman Government has also unveiled plans for an international airport to be built in the emirate's Al-Manama district. This effort is expected to have a significant effect on the tourism as well as business sectors in Ajman, which will in turn drive the need for built spaces to accommodate the influx of tourists and expatriates. In addition, the government has also recently introduced the Ajman Real Estate Regulatory Establishment (ARERA) to regulate the emirate's property and construction sector. Memon Investments has identified the demand for relatively affordable but high quality residential properties among middle-income end-users, prompting it to explore plans to undertake several projects for this segment within Ajman.

“We are focusing much of our resources in identifying viable locations for future projects, and our search has taken us to Ajman, whose development in the fronts of public infrastructure as well as real estate regulation is continually shaping the emirate to be the next important real estate destination in the region,” said Muzammil Shaikhani, Director, Memon Investments. “We applaud the initiatives taken by the Ajman Government to enhance the attractiveness of the emirate, and we are looking forward to developing our next projects in Ajman.”

To date, Memon Investments has launched a total of seven projects in the UAE, including four towers under the ‘Champions Tower’ banner, and ‘Frankfurt Sports Tower I’ in Dubai Sports City, in addition to 'Gardenia I & II’ in Jumeirah Village, and 'Cambridge Business Centre' in Dubai Silicon Oasis. Amidst the reported decline in the construction cost within the UAE since the onset of the economic crisis, the developer has also committed to further strengthening its partnership with leading construction companies, in line with its aims to hit the delivery of two of its projects - the AED 75 million ‘Champions Tower I’ and the AED 80 million ‘Cambridge Business Centre’ - by the end of 2009.

“In spite of the financial crisis sweeping across the globe, Ajman remains a potential-laden market given its stable economy and robust financial structure. The strategy that we will employ in our foray into this emirate will involve partnerships with leading construction companies, as well as with financial institutions to enable us to provide investors with flexible and extended payment plans. We are currently in the process of consolidating our expansion plans to Ajman, and we are looking forward to announcing further details of our plans very soon,” concluded Shaikhani.

Emirates City,Ajman construction photos, 26/January/2009