Ajman is claiming its prominent position on the UAE's architectural
map following the ongoing infrastructural development projects in the
emirate. Last year, Ajman invested AED 580 million in infrastructure
related projects that included the construction of 5 bridges, roads,
lights and the developing of government complexes.
The Emirate of Ajman is situated on the coast of the Persian Gulf,
on an area of 259 square kilometers. The strategic location of the
emirate is an added attraction for the emirate that has become a
magnetic draw for key real estate players, and the home for mega
developments, such as the prestigious Ajman Marina.
The US $2 billion Ajman Marina, being developed by the award winning
Tanmiyat, is leading the quest to implement the transformation of Ajman
into a popular world destination for tourism, residence and business,
through its quality residential and commercial projects. The
multi-purpose project will provide residential accommodation for 21,000
new residents and a number of commercial and entertainment areas which
cover over 3 million sq ft, with a built-up area of 14 million sq ft.
Units in the project are available to all nationalities on a freehold
basis. The project is scheduled for completion by end of 2015.
"Elite investors and realty developers have shown a keen interest to
invest in the Ajman Marina due to its wide mixture of attributes, such
as the huge size of the project, the fact that it is multi-use, and the
reputation of Tanmiyat. The Ajman Marina is expected to have a very
positive impact on the real estate, commercial and tourism sectors of
the emirate. The project includes a yacht club and residential towers
that boast a view of the marina and the shores, in addition to
restaurants, entertainment facilities, a large shopping mall, hotels
and offices. Also of advantage will be the emirate's free zone status
and the easy access to commercial locations. The Marina is bound to fit
perfectly with the emirate's giant strides in infrastructure, roads,
service improvements, telecommunications, ports and free zones." said
Azad Nouri, General Manager of the Ajman Marina project.
A solid infrastructure is being implemented in Ajman in a bid to
attract world class real estate developers. Last year, the emirate
allocated AED 500 million for infrastructure that included AED 45
million for roads and intersections, AED 85 million for two bridges,
AED 14 million for other roads and other road maintenance and
renovation - all culminating to a total value of AED 165 million.
Ajman has accomplished other projects that range from clinics and
laboratories, to labour accommodation, a vegetable and fruit market and
a fish market, with a total value of AED 9 million.
The AED 800 million sewerage systems is one of the most important
infrastructure projects in the emirate. More than 100 km of pipeline
has already been laid. The project will process 500 thousand cubic
meters of sewage into irrigation-quality water every day.
Ajman is looking forward to duplicate the success story the emirate
has witnessed during 2007, and to take further giant leaps into
becoming a tourist, residential and investment center.
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