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Saturday, November 28 - 2009

Tameer ahead of schedule with AlSalam City - the largest property development project in the world

  • United Arab Emirates: Monday, March 26 - 2007 at 14:42
  • PRESS RELEASE

Tameer Holding, the region's leading real estate company, today declared that it is ahead of schedule in the development of the infrastructure and related services for Phase 1 of AlSalam City, the largest property development project in the world, with investments of AED 30 billion and designed to house up to half a million residents when complete.

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  • AlSalam city, Tameer's colossal project in Umm Al Quwain.
    AlSalam city, Tameer's colossal project in Umm Al Quwain.
Phase 1 of AlSalam City covers an area of approximately 5,600,000 sq meters or 80 million sq feet, and is situated along Emirates Road with a frontage of approximately 7 km. Site Grading works have been ongoing since early 2006 which has seen over 8 million cubic meters of sand moved to the site.

"That we are ahead of schedule for what is set to become one of the most advanced developments in the world is very pleasing," said Omar Ayesh, President, Tameer Holding. "Already you can form an idea of what will make AlSalam City unique, and the project is firmly on track for completion in 2021. Moving forward with the infrastructure plans will ensure we deliver a city that is a cut above the rest and we are indebted to the support of Sheikh Abdullah and the Rulers of Umm Al Quwain."

Works associated with the recently floated infrastructure tender include road networks, hardscape, electricity, street lighting, sewer, storm water drainage, fire fighting, irrigation water, potable water, and telecommunications: a package which comprises the vast majority of the infrastructure required for the future residents of AlSalam City Phase 1.

Executed in three phases, the AlSalam City project phase one is scheduled for completion within the next three years, with final completion slated for 2021. The cost of each phase is at an investment of 10 billion AED a piece.

Situated strategically on the Emirates Road and the Pan-Emirates road currently under construction, the AlSalam City will form an integrated residential and commercial area, consisting of a number of residential districts. The development has been designed to house up to half a million residents with an area that will include parks, playgrounds, entertainment centers, horse riding stables and cable car facilities.

"Making frequent visits to the site is important to Tameer Holding as we always have a very hands-on approach to the developments under our wing," said Omar Ayesh, President, Tameer Holding. "We were the first real estate company to make in-roads into Umm Al Quwain and are very passionate about this project. Checking on the quality of the work being undertaken is vital and I am very happy with what I see before my eyes today."

Located just 25 minutes away from Dubai International Airport, it will change the landscape and herald a new era for the Northern Emirate of Umm Al Quwain.
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About the Company

The journey of Tameer began in 1991. Tameer, a UAE based company, has grown and expanded over the years with the aim of becoming the leading property developer in the region. In 2005, Tameer Holding formed a strategic partnership with Al-Rajhi Investment Group and today the firm's investment portfolio in the realty market totals over AED 150 billion.

Currently, Tameer Holding is developing key projects in UAE, such as AlSalam City in Umm Al Quwain city, and Al Ameera Village in Ajman, with the world's tallest residential tower "Princess Tower", located in Dubai Marina. This was followed by other key projects in Dubai such as the Al Dana 1 & Al Dana 2 projects, Al Shahd Tower on the Emirates Hills, Al Jawzaa in International City, The Regal Tower in Business Bay, The Palace Towers in Dubai Silicon Oasis, Elite Residence in Dubai Marina and Imperial Residence in Jumeirah Village.

In addition to these projects in UAE, Tameer has numerous international developments including the ground breaking Tameer project in Yemen with a mixture of residential & tourism developments, Al Majd City in Jordan and Tameer's largest project in Libya.

For more information, please contact:
Hunada Zein Edin
Corporate Communications Manager
Marketing Department
00971 6 599 5191

Rola Shalak
Assistant Manager, Corporate Communications
Marketing Department
Tel: 009716 599 5161

Mariam Keblawi
GM - Public Relations
SAHARA
00971 6 573 7018

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