Aqaar to start Ajman 1

Notes and media contacts

About Aqaar:

Aqaar LLC - which translates from Arabic as 'Property' - was formed in 2006 in association with Ajman Development and Investment Authority (ADIA). Aqaar will spearhead the expansion of Ajman into a successful tourism and business hub. The organisation will develop a number of projects to support ADIA's mission of economic diversification.

Aqaar, will manage and create property related investment opportunities and offer full support for both regional and international investors.

Aqaar's long-term vision is to expand its influence outside its home emirate and beyond UAE shores.

About Ajman:

Ajman lies on the northern shores of the Arabian Gulf and forms one of the seven emirates that make up the United Arab Emirates. The emirate covers an area of 259 square kilometres comprising 16 kilometres of coastline and three distinct geographical regions in terms of topographical features which are Ajman City, the Masfout region and the Manama region.

Ajman lies just 20 kilometres north of Dubai International Airport, and has the fastest growing population of all the emirates. The government has taken many steps in recent years to implement a solid infrastructure, and has succeeded in developing certain sectors of its economy with a growing free zone industrial area and a strategically located port.

With the launch of freehold developments in Ajman, the real-estate sector has experienced increased activity due to competitive pricing and its proximity to neighbouring emirates Sharjah and Dubai. The government's efforts in improving accessibility to the emirate will further fuel real-estate and tourism growth over the coming years.