Al Barakah announces the Crest in Marmooka City, Ajman's tallest tower as part of Dhs4bn development
- United Arab Emirates: Sunday, May 18 - 2008 at 15:45
- PRESS RELEASE
Al Barakah Group, the Dubai based real estate group with a strong presence in all the segments of the real estate value-chain and a project portfolio of more than Dhs8bn, today announced 'Manara Ajman' the tallest tower in Ajman, one of the fastest growing real estate cities in UAE.
• The Crest concept was designed by Primatec International who are the project managers and the architectural firm of Eng. Adnan Saffarini appointed as the lead architects.
• Strategically located at the gateway to Marmooka City, this makes the Crest the most exclusive address in the master development
• Development offers 1 million sq. ft. of retail space
This state-of-the-art, 95-storey tower is a part of the Dhs4bn mixed-used development in Marmooka City, which is being developed by Al Barakah group.
While Manara Ajman or Lighthouse of Ajman in Arabic certainly adds an interesting vertical dimension to Ajman's skyline, the actual height of the tower has not yet been revealed.
Manara Ajman would be part of a larger multi-towered project the Crest. Envisioned to be an iconic development and the home of the tallest tower in Ajman, the Crest is being considered the most exclusive and desirable address in the entire Marmooka development.
As a state-of-the art development-the Crest would offer free-hold residential, commercial and retail space along with modern leisure, lifestyle, well-being, entertainment and fine dining opportunities.
The Crest was designed by Primatec International, who are also the project managers and the architectural firm of Eng. Adnan Saffarini have been appointed as the lead architects. The entire project is scheduled for completion in 2012.
Commenting on Manara Ajman and the Crest Mr. Imran Khan, CEO of Al Barakah said: "The Crest is Al Barakah's most ambitious project till date and an iconic development in itself that gives Ajman its first ever tall tower- Manara Ajman.
While Manara Ajman adds a distinct advantage to the project, the other USP of the project is most certainly its location as the gateway to Marmooka City. Being the single largest project in the Marmooka City- the Crest has all desirable elements that will help it to position itself as hub of the self-sustained master development.
These factors along with a competitive pricing add to the attractiveness of the project both as a high-return investment option and as a premium end-user destination."
In addition to Manara Ajman, the 6 million sq. ft. development would include four other towers—Burj Royale, Burj Regal, Burj Monarch, and Burj Regent.
The Burj Regent and the Burj Monarch will share a common podium that would incorporate diverse retail opportunities spread over an area of 1 million sq. ft. with a dedicated car park specially for the retail section.
The Burj Royale and the Burj Regal each with a total built-up area of 888,276 sq. ft., are mixed-use projects, that will be connected to the entire complex by a walkway. While as Burj Monarch and Burj Regent are purely residential towers , each with an built-up area of 851190sq.ft including a multi-tiered parking space.
Elaborating on the potential of Marmooka City Mr. Imran Khan said: "Marmooka City is amongst the most exciting developments in the UAE. Strategically located and only minutes away from the major commercial hubs of Dubai, Sharjah and Ras Al Khaimah, the development is perfectly poised to enjoy the best of all the worlds.
Our choice of Marmooka City stems from our belief that the development combines high-return on investment with an assurance of quality life for the end-users. This proposition attracts both investors and end-users and will contribute to the long-term financial viability of the project."
Marmooka City offers residential and commercial development set among lush gardens and lakes, the city will include a shopping district, five-star hotels, mosques, hospitals and schools.
The Crest would be Al Barakah's second development in Ajman after its first offering Crimson Court in Emirates City was completely sold out. Construction has commenced on Crimson Court.
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