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Firm says Ajman is the UAE's real estate destination

Construction Week Online
Firm says Ajman is the UAE's real estate destination - Real Estate - Memon Investments - Ajman - UAE - Property

Dubai-based property developer Memon Investments is looking to Ajman as the location for many of its upcoming projects.

The Ajman Government spent a total of US $375 million (AED million) on building roads and renovating public facilities in 2008 – almost triple the amount allocated for infrastructure the previous year.

The emirate also recently established the Ajman Real Estate Regulatory Establishment (ARERA) to oversee its property and construction sectors.

This sizable investment in developing its public works has encouraged Memon to explore plans to undertake several residential projects within the emirate, the company’s director said.

“We are focusing much of our resources in identifying viable locations for future projects, and our search has taken us to Ajman, whose development in the fronts of public infrastructure as well as real estate regulation is continually shaping the emirate to be the next important real estate destination in the region,” said Muzammil Shaikhani.


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