Buyers rush to new homes for sale in Ajman

photo credit: sans otoole

Property investors are snapping up units in a luxury apartment project in Ajman, United Arab Emirates, with sales of Dhs 1.5 billion already recorded.

Smart Towers is costing Goldcrest Properties Dhs 2 billion to construct and will add 3,600 new homes to the small state.

Bosses of the scheme described investor reaction to the project as “overwhelmingly positive”, with 80 per cent already sold.

The project involves studio, single-bed and double-bedroomed units and is due to be fully complete by 2012.

Amir Giga, managing director of Goldcrest Properties, said:

“We are confident that Smart Towers will live up to their reputation of being a state-of-the-art, luxury residential address in Ajman, while at the same time contributing to making Ajman one of UAE’s desirable hotspots.”

Goldcrest said the Smart Towers development was launched in two phases, with the first launched in June and sold out in just 15 days.

The second phase was launched end of June and was snapped up inside 10 days, Goldcrest added.

Ajman is hosting a local real estate show from today at the state’s Sheikh Zayed Center for Conferences and Exhibitions.

Among companies keen to show their commitment to the city’s real estate market is Gulf Star Property, exhibiting its Parkview Palace project.

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