Aqaar LLC, the real-estate and property development company headquartered in the Arabian Gulf emirate of Ajman, will appoint the contract for enabling works - valued at AED 70 million (USD 20 million) - this month on its initial project Ajman 1, with the appointment of the main contractor before the end of March 2007.

The company will work in conjunction with the Ajman Development and Investment Authority (ADIA), to support the emirate's evolution into a niche tourism and business destination, by spearheading the creation of quality residential and commercial projects.

Super-structure construction of phase1 of the 72,000 square metre project will get off the ground within the second half of 2007.

'We are negotiating with several international contractors for all aspects of construction on Ajman 1. Aligning Aqaar with industry experts will ultimately help to deliver on our promises of building quality and efficiency,' said Rami Dabbas, COO, Aqaar and Head of Real Estate Development, ADIA.

Phase 1, to be complete by 2009, will have 12 freehold residential towers forming the core of the development. The entire project, to be complete by 2010, will house a world class hotel to be managed by an international operator, a freehold commercial tower, serviced apartments and a tower for leased apartments.

'Plans are on track for work to begin on phase 1 of Ajman 1. We are concentrating on making sure that a solid foundation is in place so that construction will remain on course and progress methodically so that everything is delivered on time,' added Dabbas.

Ajman 1 will form a seamless fusion of residential, commercial, hospitality and lifestyle elements, with the UAE-based National Engineering Bureau, one of the country's leading design consultants, behind the project master plan.

Aqaar, the real-estate and property development company headquartered in the Arabian Gulf emirate of Ajman, has awarded a contract for all enabling work on its first project, Ajman 1, to Piling Tech LLC - a UAE-based company. The work is to begin this month on the AED 2.7 billion (US$ 720 million) 72,000 square metre mixed use development.

'The project is on track, and after negotiating with several enabling contractors Piling Tech LLC has been appointed to be responsible for all enabling work on phase 1 of the development. The work will take around 140 days, allowing 30 days for mobilization, with completion by the end of the second quarter of 2007,' said Rami Dabbas, Head of Real Estate Development, ADIA and COO, Aqaar.

Phase 1, to be completed by 2009, will have 12 freehold residential towers forming the core of the development.

'We want to ensure that steady progress is maintained by implementing our construction strategy methodically, and align Aqaar with companies which are experts in the construction industry,' added Dabbas.

The entire project, to be completed by 2010, will house a world-class hotel to be managed by an international operator, a freehold commercial tower, serviced apartments and a tower for leased apartments

Ajman 1 will form a seamless fusion of residential, commercial, hospitality and lifestyle elements to support the emirate's evolution into a niche tourism and business destination.

'This project will be a catalyst in terms of developing the emirate, and spearhead the creation of quality residential and commercial projects, and we are now negotiating with several international companies to be the main contractor for Ajman 1, with a deal completed by the end of next March 2007,' commented Dabbas.

As long as they can sort out the roads it could become an attractive alternative to sharjahs conservatives

Do agree with you Sawyer, there is a good opportunity to be had here in Ajman, but they just need that extra push to get the infrastructure in place ie Roads rails links ect.. otherwise will become a very hard place to travel around.

Ajman one is going very good i have heard that its prices jumps from 430 to 800 per sq.ft within one year.