High Rise Properties awards AED 100 million contract to Al Saqar Contracting for Al Jerf Gardens project

A cluster of 16- (G+6) residential buildings, Al Jerf Gardens project is expected to be completed and available for occupancy in the first quarter of 2009.

Under the terms of the agreement, Al Saqar Contracting Company has 22 months to finish construction of the 16 buildings.

Mr. Abdul Hakim Al Tayer, Chairman of High Rise Properties said in a statement, "Tthe experience and reputation of the contractor is outstanding, therefore, we are certain that the terms of the contract including delivery will be honored. Growth of property sector and the undergoing improvements of the Emirate's infrastructure have encouraged us to build Al Jerf Gardens in Ajman."

On his part, High Rise Chief Executive Officer Engineer Faisal Ali Moosa, said, "Construction of the project in Ajman comes in line with High Rise goals to provide the market with affordable properties that suit taste and budgets of low-income people. The project is also an excellent investment opportunity for investors."

Nazeer Ahmad, Chief Executive Officer of Al Saqar Contracting Company said, "Since its inception twenty years ago, Al Saqar honors its agreements particularly interms of quality and delivery time."

With breathtaking views and landscaped surroundings, the AED 100 million Al-Jerf Gardens will spread over an area of 598,766 square feet in the heart of Ajman and will be completed in the first quarter of 2009.

On completion, Al Jerf Gardens will include 228 studios, 324 one bed room apartments and 274 two bedroom apartments.

Recently, High Rise Properties emerged stronger than ever before particularly after the successful launch of its uniquely designed "Rotating Residence" which had been sold out in record time.

With this project, High Rise became the first company behind the idea of rotating buildings at the local and regional levels. The company will soon announce the beginning of construction works on The Rotating Residence, the country's first ever rotating tower.