Ajman Holding plans Dhs1.5bn real estate projects

As a platinum member of Simsari.com, the UAE's online property marketplace, aaproperty.ae will leverage the portal's global reach to attract home buyers, property investors and other businesses from around the world to the Ajman market.

"With real estate prices more affordable than any of the other Emirate in UAE, Ajman is attracting both individual as well as corporate investors from around the globe. For investors and entrepreneurs, Ajman offers market access to over 1.8 billion consumers throughout Asia and Africa with a market capitalization of over $1.4 trillion,"

said His Highness Sheikh Abdul Aziz Bin Humaid Al Nuaimy, Chairman of Ajman Holding Group.

"aaproperty.ae currently focuses on the state of Ajman, where we perceive significant opportunities both for buyers and investors through our experience, financial strength, and continuous strive to achieve distinction through groundbreaking partnership with world renowned architects, designers, and artists to create wide range of developments that are truly urban landmarks. We are expanding the full array to move beyond the boundaries of Ajman into the neighboring Emirates as well as internationally, to fulfill our mission and increase value for our shareholders."

aaproperty.ae has already set its eyes on a large property to develop premium real estate residential and commercial project, a shopping mall and a 5 star hotel. Properties for sale will be made available through www.simsari.com , which provides a secure online transaction system as well as up to date specifications of the development in terms of size, price, surrounding area, amenities, etc.

Marwan Lallas, managing director, Simsari.com, said: "In maintaining our strong position as the online property market place in the UAE, we are delighted to announce this partnership with Ajman Holding, an organization that is set to transform the real estate landscape in Ajman completely, to make it one of the most viable and competitive investment opportunities. Simsari.com presents buyers from around the world with properties that meet benchmarks of quality and trust that can be selected using sophisticated search and selection tools, which users can benefit from in the comfort of their home or office."

aaproperty.ae's signature development will be "The Boulevard", which comprises of 14 residential and commercial towers, a 5 star business hotel and a mall with top brands from around the world, as well as over 2000 basement and podium parking spaces. The Boulevard" is located just 25 minutes from Dubai International Airport on the Emirates Road highway. Construction on "The Boulevard" is expected to start soon, with phase one scheduled for completion in the second quarter of 2009.

Listings for "The Boulevard" will start appearing on Simsari.com as of October 2007.