Al Jabal Holdings launch Ajman's first chic 4 Star apartment hotel development - The Crescent Star

The exclusive unveiling of the Crescent Star project, which attracted over 1300 potential investors, real estate experts and prominent personalities, was introduced by Bollywood star Fardeen Khan.

The 33 storey Apartment Hotels was proudly revealed as the first of its kind in the up and coming Emirate of Ajman.

Saeed Currimjee, Managing Partner of Al Jabal Real Estate said:

"We are very excited to launch the Crescent Star Apartment Hotel. This is the first development of its kind in Ajman where investors can literally earn by the day in the hotel sector and not be subject to the real estate market fluctuations, which is a concern to many at the moment. This development is based on sound business research and expected ROI is 20% per annum. There is a shortage of hotel rooms in the UAE and Average Room Rate of US$283 in Dubai is among the highest in the world."

Based in Ajman's Marmooka City - the newest entrant in the rise of freehold developments in Ajman - Al Jabal Holdings, again displaying their flare for innovation, has tactically selected the region as the next investment opportunity. With a continuously lengthening list of reasons to invest there and flying in the face of the current global financial crisis, Ajman is fast becoming the ultimate money-making 'hot-spot'.

According to a survey from the HotelBenchmark by Deloitte (year end 2007), the Middle East hotel industry remains one of the fastest growing regions in the world with occupancy rates in Dubai over 80% average. Ajman hotels are also experiencing an unprecedented 80+% occupancy.
Fardeen Khan, star of Bollywood movies including No Entry and Fida, said on the night: "I am delighted to be involved in such an exciting project.

Ajman has become the perfect location for me to relax and take time out from my hectic schedule. Whenever I have a break in filming I want to escape somewhere that is easily accessible and relaxing. The location of the Crescent Star in Marmooka City is only 30 minutes away from Dubai Airport and nearby to the most tranquil and serene coast lines in the UAE. The contemporary design with the 'home away from home' feel will provide the lifestyle for me to feel right at home. I look forward to an ideal holiday get away at my doorstep!"

The Crescent Star, which is made up of 515 rooms ranging from standard rooms to 3 bedroom suites is surrounded by parks and city views. The architecture and interior design has been created to embrace a contemporary, chic theme with state of the art features, some of which have never before been seen in the UAE.

Every room/suite will have simple but important features to including Energy Management Systems to ensure cost savings of nearly 30%, flat-screen TVs, free Wi-Fi, movies and internationally enabled plug sockets for power, iPod, Notebook, wii. Research shows that next generation hotels will have to appeal to the traveler who is far more adventurous, curious, environmentally conscious and far more tech-focused than their parents. They have also revealed a rooftop 'Smart Swimming Pool' which comes equipped with a water treadmill for those interested in a different kind of workout!

With shopping malls, schools, mosques, lush gardens, lakes and security surrounding the area of the Crescent Star, Marmooka City - which has been primed as 'a city within a city' - is ideal for investors to become part of what, will no doubt, be a unique lifestyle experience. Located off the Emirates Road and only 30 minutes from Dubai Airport, business people and holiday makers alike will be drawn to the high class yet more relaxed way of life.

The Crescent Star is committed to satisfying investors with sustainable rates. The hotel management company will gain 30% of the fiscal year profits, whilst the 70% balance will be returned to owners of the Crescent Star apartments. True to their strong ethical standards, Al Jabal employ a leading major auditing firm to calculate profits and submit findings to owners to ensure absolute transparency.

As one-of-a-kind set in the rapidly developing city of Ajman, the Crescent Star is a short distance from the crystalline waters of the Arabian Sea, one of the most unique coastlines in the UAE. The government of Ajman and Al Jabal Holdings envision the city as an international tourist destination and business hub with the Crescent Star its primary stopping point.
For more information on the Crescent Star development log on to www.thecrescentstar.com