Industry News
Oct 1, 2008
By: Barbra Murray, Contributing Editor
The real estate development frenzy in the United Arab Emirates continues as Sweet Homes Real Estate L.L.C. unveils plans for a new upper-upscale hotel and condominium property within the $817 million mixed-use Ajman Uptown complex in the emirate of Ajman. The project will cost an estimated $163.4 million to realize.
Still in the development stage, the sprawling Ajman Uptown complex, home to the first freehold residential community in Ajman, spans over 80 acres and boasts a direct link to the Emirates Road via a mile-long shopping walkway. Sweet Homes has tapped Dubai-based architectural firm Eng. Adnan Saffarini Office to design the new hotel and residential project, which will join the complex's list of seven recently launched commercial and residential towers. The developer is presently in the midst of conferring with leading internationally known hotel operators to determine which flag will fly above the hospitality portion of the project.
Dubai leads the emirates in the real state development race; however, Ajman is not being left in the dust. Plans for a bevy of endeavors have recently been revealed, including that of Ajman-based Aqaar Properties, which announced last week plans to expand its mixed-use Ajman One destination with the commencement of a second phase that will include a luxury hotel, residential units, three office towers and retail space. Additionally, in June, Dubai-headquartered Goldcrest Properties revealed it would kick off a new freehold residential development encompassing eight towers within close proximity to the Emirates Road.
Headquartered in Dubai, Sweet Homes has been active across the U.A.E. with projects in Dubai, Ajman and Ras Al-Khaimah. In addition to planning and building high-end residences, the company offers marketing, managing and consulting services.
By: Barbra Murray, Contributing Editor
The real estate development frenzy in the United Arab Emirates continues as Sweet Homes Real Estate L.L.C. unveils plans for a new upper-upscale hotel and condominium property within the $817 million mixed-use Ajman Uptown complex in the emirate of Ajman. The project will cost an estimated $163.4 million to realize.
Still in the development stage, the sprawling Ajman Uptown complex, home to the first freehold residential community in Ajman, spans over 80 acres and boasts a direct link to the Emirates Road via a mile-long shopping walkway. Sweet Homes has tapped Dubai-based architectural firm Eng. Adnan Saffarini Office to design the new hotel and residential project, which will join the complex's list of seven recently launched commercial and residential towers. The developer is presently in the midst of conferring with leading internationally known hotel operators to determine which flag will fly above the hospitality portion of the project.
Dubai leads the emirates in the real state development race; however, Ajman is not being left in the dust. Plans for a bevy of endeavors have recently been revealed, including that of Ajman-based Aqaar Properties, which announced last week plans to expand its mixed-use Ajman One destination with the commencement of a second phase that will include a luxury hotel, residential units, three office towers and retail space. Additionally, in June, Dubai-headquartered Goldcrest Properties revealed it would kick off a new freehold residential development encompassing eight towers within close proximity to the Emirates Road.
Headquartered in Dubai, Sweet Homes has been active across the U.A.E. with projects in Dubai, Ajman and Ras Al-Khaimah. In addition to planning and building high-end residences, the company offers marketing, managing and consulting services.
Recent Industry News Headlines
June 10, 2009
June 10, 2009
June 09, 2009
June 09, 2009
June 09, 2009
Subscribe to this blog's feed
