Ajman Marina sells phase one plots with revenues of more than Dhs1bn

The company announced that it has sold all phase one plots of the project - plots specified for sub-developers - reaping sales revenues in excess of Dhs1bn.

The sold plots range from 4000 to 7000 square meter, and is distributed among investors of all Arab and Gulf nationalities, as well as investors from South East Asia and Eastern Europe.

On the subject, Ajman Marina's Deputy CEO, Abdullah Al Duheim, said:

"There are 27 private plots in this spectacular project, so it was only natural for investors from across the globe to show an interest and buy these plots which they will, in turn, convert into projects and towers. The emirate of Ajman is one of the emirates that have worked hard over the past few years to plan a revolutionary advance in all its sectors, and Ajman Marina is one of the important landmarks, serving as a benchmark for other projects. Once complete, it will present a new image of the emirate, which will enable Ajman to compete with other emirates on all levels."

Ajman Marina is truly the crown jewel of developments in the emirate.

Stretching over an area of 25 hectares, the project will be developed in two phases over the next five years, with a total investment value of $3bn.

Upon completion, the project will offer 21 000 residential units, as well as various facilities and amenities, extending over an area of 3 million square feet with built-up areas amounting to an additional 14 million square feet.

Ajman Marina, with it influential location on the coastline of the Ajman emirate, is compatible with the emirate's rich reputation, status, openness and modern vision.

The project is positioned in harmony with the beauty of the setting, and mirrors the giant steps the emirate has taken concerning infrastructure, roads, communications, marinas and free districts.