Ajman Marina prepares infrastructure for big projects with AED 3 billion

Ajman continues to pave the way for big real estate projects to be developed in the emirate by continuing to execute various infrastructure projects, including road networks, and water and drainage systems. The current total cost for these infrastructure projects is AED 408 million, and it is expected to cost a further AED 4 billion in the future, according to an official from the Municipality planning department.

Speaking of the situation, Abdullah Al Dehaim, Deputy CEO of Ajman Marina, said,

“The future of the Ajman real estate sector is bright, thanks to the strategies that the authorities of Ajman follow, through which the emirate provides support for investors and businessmen. This has had a positive influence on economic and architectural activities in the emirate, which has helped attract more investors, and has even resulted in excellent quality projects that will be developed in the medium and short term.”

“The investment value of the 25 hectare, multi-purpose Ajman Marina project, for example, is approximately AED 3 billion,” continued Al Dehaim. “The project will be available to all nationalities, according to Ajman freehold policy. Real estate data for 2007 suggests that non-UAE nationals will take advantage of this to invest in the Ajman Marina, as has been the case with other projects in the emirate. Ajman’s freehold policy is one of the reasons that the emirate has risen to a position of strength in the UAE real estate market, which is dominated by Abu Dhabi and Dubai, and is currently ranked third behind these two emirates with regard to investment value and number of new projects announced.”

Ajman’s position as the third strongest emirate with regard to real estate was announced shortly after the launch of six large projects in the emirate, which have a total cost of AED 40.8 billion and are more than 10 percent of all real estate projects in the UAE. The cost of these projects could rise to AED 120 billion by end of this year, particularly as investors flock to buy lands from the projects.

Ajman Marina Management has recently taken several important steps, including employing new management staff to coincide with the start of project infrastructure works, and contracting China Harbour Engineering to develop the Marina’s infrastructure at a cost of AED 150 million. Ajman Marina Management has also contracted Mouchel to act as development consultants for the project.

Zawya/Press release

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