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Ajman investment property towers start to sell fast

 

alkhor Ajman

A UAE property developer has sold out two towers in a nine-building scheme valued at AED 70 million.

Sweet Homes, one of Ajman’s biggest real estate companies, said the ‘A3′ and ‘B4′ sections of its Al Khor Towers development had both proved a hit.

The company also revealed buyers are close to getting their hands on their investment – handovers for both sold towers will begin in four to six weeks.

First launched in 2006, Al Khor is backed by the Real Estate Investment Establishment (REIE), part of the government of Ajman.

Fahad Sattar Dero, chief executive of Sweet Homes, said: “These projects mark our initial foray into the real estate sector in the UAE, and this success underlines our well-founded background in the business, which continues to drive our growth as a leading real estate player in the country.”

Each apartment building in the scheme has 16 storeys with all units available on a 100 per cent private ownership basis. Each investment will also come with a residence visa for the buyer and their immediate family.

New property schemes in Ajman could become even more popular after the government unveiled a new real estate market regulator last month. The Real Estate Regulatory Authority will deal with policy, disputes and will recommend new laws.

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