Sheikh Humaid to launch Ajman Marina project tomorrow


The waterfront living project, being developed under the patronage of the Ruler of Ajman, will change the face of the emirate.

http://www.ameinfo.com/images/news/2/46062-ajmanmarinalogo.jpg

HH Sheikh Humaid bin Rashid Al Nuami, Member of Supreme Council and Ruler of Ajman, will officially launch the prestigious Ajman Marina Project.

Ajman Marina is being developed by Tanmiyat Investment Group.

The official launch will be October 1, 2007.

Being developed on a 3 million sq ft stretch of land near the Kempenski Hotel in the Emirate of Ajman, this classic project will boast of a yacht club, residential towers that have a view of the Marina and the shores; besides international restaurants, entertainment facilities, hotels, offices, and many other buildings and units that will make the Marina one of the most sought-after destinations in the emirate.

so now we have Dubai Marina, Umm Al Quwain Marina and Ajman Marina :D

great news , i hope if there is elso alsharjah marina :)

Great news for ajman and its investers....:)
heres the approximate location of the project...
http://img255.imageshack.us/img255/8951/ajmanmarinafinjd8.jpg

^^ location at the edge of ajman i think, but at the end it give more extention to tha city to have one of vaulable views at waterfront.


tmorrow will be a big day for ajman ;):cheers:

Ajman Marina to take the Emirate to the next level


Once completed, the $3bn project will transform the emirate of Ajman into an impressive reality.


http://www.ameinfo.com/images/news/6/46166-AjmanMarina.jpg
Ajman Marina Project.


The launch of the prestigious Ajman Marina Project at the hands of HH Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman who is also the patron of the project, will see the emirate transforming itself into an impressive commercial and residential seaside haven.

The Emirate of Ajman is all set to take a giant leap into 21st century marina living.

The emirate's central location between the seven emirates is proving itself to be an advantage for Ajman, in terms of proposed developments. Like other emirates, Ajman has come to complement the high demand for housing as, in its quest to change the face of the emirate, it is investing heavily in the construction sector, with billions of dirhams, in order to make the dream a reality.

To be specific, the $3bn project, which is being constructed in two phases over the next five years, can be safely dubbed the 'jewel in the crown' of all the projects under development in the emirate, and the Ajman Marina is by no coincidence the favorite project of the emirate's Ruler.

When completed, this realty venture will provide residential accommodation for 21,000 new residents, as well as a number of commercial and entertainment areas of over 3 million sq ft, with a built-up area of 14 million sq ft.

His Excellency Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of Ajman Executive Council, emphasized the importance of this project and said, 'With the launch of Ajman Marina, we are launching a new step in the Emirate's growth, in order to reach the position that it deserves, both locally and regionally. This will enable Ajman to achieve its goals and the vision of His Highness, Ruler of Ajman and his sons, the sons of Ajman.'

He added, 'We are moving forward to achieve all the visions that make from Ajman a prime module of ideal growth, of which the local people and region will be proud. The first step forward is to develop the necessary infrastructure to accommodate the expected revolution, and then to develop and improve the rules and regulations so as to make the area attractive to investors, and which encourage the private sector to play a role in the revolution phase, which we agree will be unique and sophisticated.

Ajman is a naturally beautiful place and the Marina, which is situated on the picturesque coastline, will immensely benefit from the emirate's rich history, openness and modern outlook while accentuating the place's beauty and unique nature.

The Marina is bound to fit perfectly within the emirate's growing infrastructure, roads network, service improvements, telecommunications, ports and free zones. The traditional souqs, historic cultural icons and the welcoming people of Ajman will add to the overall appeal of the Marina.

The culturally rich emirate is one of the oldest in inviting foreign investment expertise, while offering freehold status, a practice in which it was later followed by other emirates.

Its long-term strategy will now bear fruit with the Marina project, which is backed by the Ajman Government -a major share holder - and will ensure that the Marina will rise as a one-of-its-kind location with its own unique identity. Its design will be the envy of other projects seeking to make their mark in the UAE, Gulf or beyond.

Saudi-based Tanmiyat, a leading real estate developer in the Middle East, being the Marina's developer, will make sure that the project is of the highest standards as they have assigned some of the top-rated companies such as the globally recognized master developers HOK, who are entrusted with the building of the dream project.

Feasibility studies have been delegated to impaQta, whose role in supporting the execution of the Marina project will be through the development of relevant studies to support different aspects of project development and implementation.

Paying tribute to the ambitious vision of HH Sheikh Humaid, Chairman of Tanmiyat Group, Sheikh Suleiman Bin Abdul Aziz Al Majed, said, 'Tanmiyat's interest in Ajman demonstrates the trust we have in the investment opportunities in the UAE and the region. We invite all residents and investors to be a part of this ambitious project that offers competitive pricing and, above all, more product, for less money.'

With waterfront living as its hallmark, the Ajman Marina is designed to be a luxurious retreat, complete with residential and commercial buildings and office spaces, a five-star hotel, international food chains, sea view cafes, a signature yacht club, an extensive shopping mall and various ancillary entertainment and leisure facilities.

Visualize an urban lifestyle, blending perfectly with the splendor of a true marina and the project will offer the right mix of low-rise buildings near the sea front and high-rise towers opposite the city of Ajman. While maintaining the theme of being a natural, seafront resort the project will maximize value for residents and investors alike.

The residential buildings of the awe-inspiring city within a city will be marvels of modern architecture. Offering unobtrusive views across the marina, these 'dream homes' will be equipped with hi-tech gadgetry, so that you can keep an eye on your yacht in its berth, whether you are sitting in your living room or traveling abroad.

With a number of berths and top marine management, including dock-masters, loading assistance, cleaning and repairs, the Ajman Marina will be an ideal home for you and your boat. Facilities on offer will include 24/7 security, covered car parks and easy access to the nearest health care center and your kids schools.

The commercial center will be host to a number of state-of-the-art offices and business establishments, and a luxury-branded hotel chain will add value to the tourism sector of Ajman. Also of advantage will be the emirate's free zone status and easy access to commercial locations. Top shopping mall chains will pull in world-renowned brands, allowing shoppers to shop to their heart's content. International restaurant and café chains will add their own charm to the commercial center, which will be a popular haunt for residents as well as visitors.

The marina's promenade with open-air restaurants and boardwalk will create a bustling leisure area, linking the residential and commercial quarters, while the gardens and waterfront will add to the captivating environment. With fishing, yachting, energetic water sports, jogging and other recreational amenities, the atmosphere is bound to be both invigorating and inviting.

one of greater move for ajman city.......

From the image provided it seems to include the area presently takn by the fruit and vegetable market...the best project for ajman so far.
http://img406.imageshack.us/img406/8273/ajmanmarinafinjd84gr0.jpg

http://img230.imageshack.us/img230/7818/ajmanmarinawn3.jpg

Some reclaimation to be expected....love this one :)

Ajman Marina to be ready in five years

03 October 2007

Dubai: Saudi investor Tanmiyat GroupTanmiyat GroupLoading..., in partnership with the Government of Ajman, is developing Ajman Marina, a Dh11 billion ($3 billion) mixed-use project that will be built on three million square feet of reclaimed land near the Ajman Kempinski hotel, a top official said.

The development is expected to transform the growing skyline of Ajman - the smallest of the UAE's seven emirates.

"It will have residential, commercial and retail areas where residential units will be offered on a freehold basis whereas commercial operations will enjoy the facilities of a free zone - without local sponsorship," Sulaiman A. Al Majid, president of TanmiyatTanmiyatLoading..., told Gulf News on Monday while unveiling the project.

"More than 18,000 residents will live in 8,000 residential units in Ajman Marina, which will have a total build-up area of over 14 million square feet."

His Highness Shaikh Humaid Bin Rashid Al Nuaimi, Member of the Sup-reme Council and Ruler of Ajman, who is also the patron of the project, witnessed the unveiling of the project.

In phases

The project will be constructed in two phases over the next five years.

Shaikh Ammar Bin Hum-aid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council, emphasised the importance of the project.

"With Ajman Marina, we are launching a new step in the emirate's growth, in order to reach the position that it deserves, both locally and regionally," he said.

"The first step forward is to develop the necessary infrastructure to accommodate the expected revolution, and then to develop and improve the rules and regulations so as to make the area attractive to investors, and which will encourage the private sector to play a role in the revolution phase, which we agree will be unique and sophisticated,'' he said.

Renowned masterplanner HOK has been awarded the design contract.

"We plan to start work on the project by early next year," Majid said. "The entire project is planned to be completed in five years."

He said the company will initially invest money from its own resources. "Bank finance is an option, if we need," he said.

The sale of the housing units will start as soon as the detail designs are finished.

they need at least 10years to be a modern city ....in general

http://www.alaswaq.net/articles/2007/10/04/11230.html

funny comments (in Arabic)

^^ alot of them with lil brain ...:ohno:

Website of the project ,nothing much there now.just an image...

www.ajmanmarina.ae

http://img526.imageshack.us/img526/6292/amrl5.jpg

The ajman courts and culture centre also seems to be replaced by buildings .
Also buildings are planned for the opposite side of the creek....
The ajman minicipality map shows these two parts of to be connected by a bridge or tunnel in the future..

All in all....superb project...:)

I agree.. an awesome looking project.. great for Ajman!

Quite a charming proposal

Excellent Project, i've been waiting on it for sometime :) Renders look awesome! There was a full 2 page AD in GN on this the other day.

I'm not 100% sure but I believe initially this was supposed to be AQAAR's project, i would've preferred if such a large scale project was developed by Gov based dev rather than Tanmiyat. Also AQAAR = v Easy Payment plans :) But good to know Ajman gov still has a large share in it.

Sales haven't started yet, but since its a high end lux proj, i expect no less than AED 580 + /sqft.

The project definately doesnt look cheap...with all the reclaimation,relocation of institutions and road network improvements plus the marina and all..
Makes one think it would be a good idea to buy now in the cheaper developments such as ajman pearl or ajman one before their prices hike,considering their proximity to the marina project..

Yes, and the likes of the corniche tower with full sea views going for AED 525 psf

Ajman Marina construction to be completed in five years
Staff Report
Published: October 14, 2007, 22:48


Dubai: The Ajman Marina project, recently launched by the Tanmiyat Group, will put 8,000 residential units on the market.

The $3 billion project is being constructed in two phases over the next five years.

Speaking at the launch event, Azad Nouri, project general manager, said, "The 8,000 residential units, covering 14 million square feet of built-up area, are being offered on a freehold basis. We invite all residents and investors to be a part of this ambitious project, which offers competitive pricing and impeccable quality and style. The sale of the units will start as soon as the detailed designs are finalised."

The developers say the residential buildings will be modern architectural marvels. The residential units will offer unobstructed views across the marina, and will be equipped with hi-tech gadgetry, allowing residents to monitor the property even while travelling abroad.

The Ajman Marina offers a number of berths and top marine management including dock masters, loading assistance, cleaning and repairs for boats.

The facilities on offer include 24/7 security, covered car parks and easy access to the nearest healthcare centre and schools.

Problem with this kind of prject esp for those outside of the UAE is .. getting the info on it quick and thinking about the quicjk buy etc to outdo everyone .. its not easy

Maybe this will help...:)

Projects masterplan in todays newspaper...

http://img145.imageshack.us/img145/908/ajmnamarinamastersh2.jpg

And this is what i can make out of it...

http://img144.imageshack.us/img144/2686/ajmnamarinadetailsno7.jpg

There will be 8 towers in the residential district...4 with marina views while 4 with sea views...these will be just like the JBR in dubai marina.... superb project.....

The first towers i would expect to get built are either the low rises or the towers next to the mall as for the other towers demolition of preexisting structures would br required...lets see

Yeah i got their tel number too from the site might give them a ring , what papeer was that out of ?

Also what are the property rules like in Ajman ie freehold etc is it too risky to buy for an overseas person

I got that from a local arabic newspaper ''al bayan" ...
property in ajman is freehold with provision of residence visa in most developments..

Property in ajman is currently booming..but one should be cautious in what one is investing in....

Found this article and some more renders of this project on the world architecture news website. This project looks awesome and will really give ajman some presence.

The twin 60 storey towers look amazing!

HOK creates "jewel in the crown" for Ajman
Ajman is a small island enclave and the smallest state in the United Arab Emirates; the newest location for an inspirational HOK masterplan, a design for the regeneration of a marina and to become the ‘jewel in the crown’ of Ajman. Ajman Marina is a 26 hectare masterplanning and architecture project located on the historic waterfront, 20 km from Dubai. The masterplan integrates with the existing urban fabric combining business, retail and residential accommodation, embracing the natural coastline and providing diverse leisure opportunities. The undulating curves and distinctive veiled appearance of the 60-storey high rise towers will become a landmark on the Ajman skyline. The dynamic and fluid towers are inspired by dancing forms of the region and are veiled in a steel-framed diagrid structure that reduces thermal gain. These distinctive elevations change from opaque to translucent as the observer moves around the buildings. HOK is working with Saudi-based developer, Tanmiyat providing residential space for up to 18,000 new residents and a multitude of commercial and entertainment facilities covering over 4.5 million sq ft. The new development will serve both the local community and visiting tourists with the total built area expecting to exceed 12.5 m sq ft. Work on site is due to start in early 2008 and will be completed in two phases within a five year period.

http://img155.imageshack.us/img155/2076/15161100020hok20adjan20nz2.jpg (http://imageshack.us)


http://img120.imageshack.us/img120/4382/15162100020hok20ajman20ug4.jpg (http://imageshack.us)


http://img155.imageshack.us/img155/9181/15163100020hok20ajman20cw8.jpg (http://imageshack.us)

http://img120.imageshack.us/img120/6473/15164100020hok20ajman20sw2.jpg (http://imageshack.us)

this project definitely kicks ass.. exciting things to come here for sure

i am proud of ajman

ajman is dublicated dubai style

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i wish to sell 1br apt. in paradise lakes B7 Tower (in Emirates City, Ajman). Area is 883 sq ft, partial lake view, 13th floor, one prking. Selling below developer's price. call 0097150 5749185

Hi all, does anyone know when these appts will be put up for sale?

Does anubody know where moved the alcohol shop?:)

11/January/2008

Ajman Marina

http://img174.imageshack.us/img174/664/imresolt04dv1.jpg (http://imageshack.us)

http://img120.imageshack.us/img120/2106/imresolt05bx8.jpg (http://imageshack.us)

http://img172.imageshack.us/img172/7342/imresolt06dd7.jpg (http://imageshack.us)

Ajman projects grow to Dh1.38b
Staff Report
Published: January 15, 2008, 01:22


Dubai: The value of infrastructure projects in Ajman has reached Dh1.38 billion, according to a report.

Last year, the emirate allocated Dh500 million for infrastructure that included Dh45 million for roads and intersections, Dh85 million for two bridges, Dh14 million for other roads and other road maintenance and renovation - all culminating to a total value of Dh165 million.

Apart from these the emirate invested Dh580 million in projects including the construction of five bridges, roads, lights and the developing of government complexes.

The Dh800 million sewerage systems is one of the most important infrastructure projects in the emirate. More than 100 km of pipeline has already been laid. The project will process 500,000 cubic metres of sewage into irrigation-quality water every day.


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Ajman is situated on the coast of the Arabian Gulf, on an area of 259 square kilometres. The strategic location is an added attraction for the emirate, which has become a magnetic draw for key real estate players, and the home for mega developments, such as the prestigious Ajman Marina.

The $2 billion Ajman Marina, being developed by Tanmiyat, is to transform Ajman into a popular destination for tourism, residence and business. The mixed-use project will provide residential accommodation for 21,000 new residents and a number of commercial and entertainment areas which cover over three million square feet, with a built-up area of 14 million square feet. Units in the project are available to all nationalities on a freehold basis. The project is scheduled for completion by end of 2015.

"Elite investors and realty developers have shown a keen interest to invest in the Ajman Marina due to its wide mixture of attributes, such as the huge size of the project, the fact that it is multi-use, and the reputation of Tanmiyat," said Azad Nouri, general manager of the Ajman Marina.

The project includes a yacht club and residential towers that boast a view of the marina and the shores, in addition to restaurants, entertainment facilities, a large shopping mall, hotels and offices. Also of advantage will be the emirate's free zone status and the easy access to commercial locations.

"The Marina is bound to fit perfectly with the emirate's giant strides in infrastructure, roads, service improvements, telecommunications, ports and free zones," he said

Where can one buy Ajman Marina property from??

^^ I second that..

http://tanmiyat.com/uae-ajman.html

Just spoke to Tanmiyat's sales team, they expect release of the project end of Feb/beginning of March. I asked them about potential prices per sq ft but they didn't have this information. I guess it's likely to be around the 700/sq ft mark.....what do you guys think?

Just spoke to Tanmiyat's sales team, they expect release of the project end of Feb/beginning of March. I asked them about potential prices per sq ft but they didn't have this information. I guess it's likely to be around the 700/sq ft mark.....what do you guys think?

Definately.. other projects in the area (Corniche Residences) are at about the same price per square ft. I believe Ajman Marina to be about the 700 - 800 mark.. Well, lets see.. Did Tanmiyat say they were launching the project in Feb/Mar or is it a pre-Launch ?

http://tanmiyat.com/uae-ajman.html

Thanks for the link Essa

Definately.. other projects in the area (Corniche Residences) are at about the same price per square ft. I believe Ajman Marina to be about the 700 - 800 mark.. Well, lets see.. Did Tanmiyat say they were launching the project in Feb/Mar or is it a pre-Launch ?

Not sure whether they were referring to the pre-launch or the 'proper' launch, I'll see if I can get any more details...

When are they going to pre-launch Ajman Marina ? We are interested in bulk sale. Any idea Abu Ahmed ?

When are they going to pre-launch Ajman Marina ? We are interested in bulk sale. Any idea Abu Ahmed ?

Not sure mate, I spoke to one of Tanmiyat's sales guys on +971 4 33 29 110 but he didn't seem the type to divulge too much information! The following was all the information that I could find on their website:

http://www.tanmiyat.com/uae-ajman.html

Tanmiyat's Ajman Marina Project, worth $3billion, is expected to add another 8000 residential units to the market. The project will be constructed in two phases over a period of five years.

http://www.estatesdubai.com/uploaded_images/Ajman-Marina-758148.jpg

According to the Project Manager, Azad Nouri, the residential units, covering 14million square feet of built-up area, are offered on a freehold basis. The sale of the units will begin shortly once the designs are finalized.

Nouri invited all the investors and residents to be part of this ambitious project, which offers perfect style and quality, with reasonable pricing.

According to developers, the residential buildings will be one of the modern architectural wonders. The units will be positioned facing the marina, and are expected to comprise hi-tech gadgetry which provides the option for residents to monitor their properties, even when they are out of country.

Apart from this, Ajman Marina provides ample berths and best marine management, including boat cleaning and repairs, loading assistance and dock masters. Other facilities on offer are covered car parks, 24 hours security and close proximity to schools and healthcare centers.

Hi

Ajman Marina looks like a really good project to buy into. Any thoughts.

go for post #41

Some news? When will sale the first apartments?

I 've just spoken to one of the sales guys of Tanmiyat, till now there is no news of launching. Does anyone know about this long delay?

Well it looks like they're still in the process of trying to get their sales centre set up (see attached). I reckon give it another 2-3 months, I think they're just trying to get everything absolutely perfect before releasing anything....

http://www.ameinfo.com/148105.html

Thanks Abu Ahmed, well! hopefully this project will be launched till mid of March. Any idea about expected prices?

I'm guessing the pricing will be in the range of around AED750 - 850 per sq ft by the time it launches. But thats just me ;)

I wish at maximum 650/sqft :)

As of 05-03-2008, there is no news regarding this launching, Anyone has any idea about the plan of Tanmiyat

I'm guessing the pricing will be in the range of around AED750 - 850 per sq ft by the time it launches. But thats just me ;)

I would agree...if Ajman One is now going for AED 650psf + then I would expect anything in the Marina to be at least AED 100psf on top of this...

Hi Guys

Cousin of mine has spoken toTanmiyat today and he has informed me that the launch of Ajman Marina is in 3 months time also expect the sqft to be around 900 AED per sqft.

Tooexpensive

Thanks for letting us know Beer51.

I guess that counts me out of Ajman Marina :cry:

I think i agree with you guys, it is too expensive for Ajman.

900 psf is definitely pricey, a lot more than what I thought they would price Ajman Marina at.

Having said that, what is the equivalent price psf in Dubai Marina? I'm just thinking from the point of view that say hypothetically average Dubai Marina apartments are priced at 1500psf, then Ajman Marina is a lot cheaper. I think we would have to compare like with like to get a true understanding of whether it is overpriced....just a thought!

I have a flat in Emirates City - even if the rate is 400 psf. U cant compare it with Dubai.

Ajman has no vision whatsoever, they have no realistic plans for infrastructure, no foreigners come there, people in other countries dont' even know what it is. I bought there as it suits my budget - if everything rises, so will Ajman - but I dont think you can compare poor Ajman with dubai.

Abu Dhabi, maybe.

I agree with you guys - 900 AED is very pricey...

Also what worries me is the fact that the first I've heard about this project was more than a year ago and they are still planning it... If they will be building it at the same pace as planning, then I don't really want to invest...

Also all the developments in Ajman are sold on "gross area" basis... The net area is about 30% less...

Therefore 900 AED gross price equals to about 1,200 AED net price!!!!!

For 1,200 AED you can find a re-sale flat in Dubai if you look and hunt for bargains from distressed buyers who cannot meet their next installments...

Irishka,
If someone has to spend 1200 then he can buy any good project of substantially renowned developer from resale market in DUBAI itself, y will he come to ajman :). i 'm 99% sure that this particular project will be somewhere 700-750 psf MAX. otherwise the response of the market will be as same as ajman pearl or ajmanone.

Irishka,
otherwise the response of the market will be as same as ajman pearl or ajmanone.

I agree the Marina prices at a max of 750 would probably be the best way forward.

From what it looks like the Ajman 1 project has been an absolute success so far? They have managed to sell a lot of their buildings with relative ease? Nothing compared to the mad dubai rush but selling nearly 9 towers in a year is a good start for Ajman and even a better start for the folks that got in early at 550 per sqft.

What's the latest update if any one knows?

http://www.jrefreehold.com/site/ajman_marina/images/ajman-marina-4.jpg

http://www.jrefreehold.com/site/ajman_marina/images/ajman-marina-6.jpg

http://www.jrefreehold.com/site/ajman_marina/images/ajman-marina-5.jpg

http://www.jrefreehold.com/site/ajman_marina/images/ajman-marina-2.jpg

Ajman Marina was designed to become a mixed-use project focused on Business, tourism, residential and commercial components. The project, located near the Kempinski Hotel and spread over 25 hectares around 240,000 sq.m.}, is opened to all nationalities according to Ajman City's freehold policy.



Competitive advantages of the project:

* Strategic one-of-a-kind location in Ajman Waterfront marina
* Investment Opportunity to all nationalities - Free Hold Regulations
* Business Opportunity - Free zone regulations
* Proximity to major cities in UAE and specially to Dubai
* Tourism friendly regulations - Luxuries Hotel Tourism Events, Hosts, hospitality and leisure prospect
* Mixed Used Project



The total project is expected to be completed by the end of year 2013; it is developed in two phases and includes:

* Hi and low rise Residential Towers
* Hi and low rise Commercial Towers
* District cooling Plant
* Educational Areas
* Civic areas, roads and infrastructure
* Grand Mall and other retail areas
* Iconic Luxury hotel and furnished apartments
* Boulevard: Food and beverage venues (high-end themed cafés and restaurants); Surrounds the Marina area, accommodates more than 40 food and beverage outlets and more than 40,000 sqm of retail areas



Educational and schooling spaces with a green park & a children playground:

To make the marina a fully complete city including amenities for all family members, the green area will give marina residents a place to breathe and spend quality time with their children



Yacht Club:

A Marina platform that includes docking spaces and boat servicing facilities, it offers more than 300 berths to cater sports activities in the marina and provides a chance for companies to offer recreational activities and marine services in addition to a variety of water sports.



To be a part of Marina Residence in Ajman please stay connected with us. It is the only ways so you could have a share in this stunning real estate opportunity in Ajman as the overwhelming response is expected that can make every thing SOLD OUT in a on go.

Don’t miss it as you are not aware, as we make you aware of it

Junaid Real Estate L.L.C. is pleased to inform you that Tanmiyat Group is going to launch the mega project in Ajman Costal Line i.e. Ajman Marina. The expected launch of the project is in the mid of January 2008. This message is to provide you the awareness of importance of this realty development in Ajman and United Arab Emirates.


What Actually Ajman Marina is?

As describe by Tanmiyat itself:


Who is the developer?

In partnership of Ajman government Tanmiyat is developing this mega project. Tanmiyat need no introduction. It is the multinational group. The group vastly experienced in conducting worthy activities in investment and real estate development sector in several countries mainly Saudi Arabia, United Arab Emirates, Jordan, Turkey, Sudan and many others.



What Tanmiyat is offering in Ajman Marina?

As per the developer’s web source the following is the configurations on the project;

bizzy bonita, u r mentioning that the project was supposed to be launched in Jan 2008, but till now TANMIYAT is delaying it. Is there any hope that thia project will be launched in March or the developers are going to delay it again?

My guess is that it wont make a March launch. Tanmiyat know there is alot of investor excitement about the Marina project so the longer they delay, the more the demand will grow. Also with the prices in Ajman appreciating the way they are, the longer they wait to launch, the higher their launch prices can be - and they know that investors will still flock to it. So I can imagine that they are in no real hurry ;)

Just my 2 pence...

How much is price now in Ajman Marina?

Ajman Top foreign investments in UAE

Ajman has overshadowed UAE emirates when it comes to drawing foreign investments to UAE, reveal statistics.

According to the latest statistics by the Ajman Chamber of Commerce and Industry, foreigners in Ajman own 33 percent of development projects in the booming city, as against 11 percent in other emirates.

Ajman's annual investment growth rate has been estimated at 6.7 percent on an average by the economic analysts. This economic success has been attributed to the all-encompassing plan adopted by the government there.

The Ajman Marina project General Manager, Azad Nouri, says "The rapid economic growth witnessed by Ajman is the result of distinguished services and incentives that the government provides to draw foreign investments."

Ajman is second to Dubai in adopting a free-hold status, which is an excellent law to draw in huge numbers of investors from both local and international markets. Hence numerous investors have been arriving at the emirate to launch their major projects, as they also get to avail the incentives facilitating issuance of licenses, statistics of interest to developers and businessmen and feasibility studies, he added.

Morever, the investments in Ajman enjoy complete legal and legislative protection, with constantly updated laws that benefit investors. These laws foretell a good future for Ajman, where there are various kinds of investment projects, particularly that of Ajman Marina, which will have a positive influence on the real estate and tourism market.

Ajman Marina will witness the transformation of the emirate into an impressive commercial and residential seaside haven. The project gives the emirate a competitive edge and is likely to create an attractive residential and commercial environment.

The Ajman Marina, with its waterfront lifestyle, spreading across a space of 240,000 square meters, is a luxurious retreat, comprising residential, commercial buildings, five star restaurant, international food chains, sea-view cafes, signature yacht club and extensive shopping mall, apart from various entertainment and leisure amenities.

R

I went to the Physical site of Ajman Marina but i could not find any Sales office over there. Is it still under setup phase (office) bcz an article came in newspaper mentioning that TANMIYAT has setup their sales office of Ajman Marina. Is it true?

YES

Well, Is there any update regarding the launching? March is already finished, did any one contact TANMIYAT recently?

Any news of the launch date yet? It is dragging on a bit now...
The project was announced back in the begining of 2007 and still no official launch?

Doesn't really inspire much confidence in Tanmiyat does it?

It seems that the developer really wanna encash the increasing trend of the market but this way they might lose the credibility. Already there is an enormous delay in launching. Let's see how it goes...

Just spoke to them-no information yet! What a shamble!!!!

I spoke to someone in Tanmiyat and they are telling that PLOTS sale in Ajman Marina will start now and building + units will start in September 2008. Can someone verfiy this info?

They are selling plots @300aed persqft.


Units will be launched in september.

Nice to see 2year delay for the launch..

at this rate construction delay will be 5 yrs or more.

When they dont want to sell why did they do the advertising ?

No point waiting, look somewhere else...........Abu Dhabi

Well its about time they got their finger out!

Seriously though, Tanmiyat are not doing their credibility any good by taking such liberties with these delays. I was actually very interested in Ajman Marina at the start of this year but now I've kinda lost faith in them so have turned my attention elsewhere, as alot of other people have I'm sure.

Delays and force majure are a common thing in UAE. Like yourself i was very interested in Ajman Marina but now i've turned away as one can not wait for ever. I am looking into Al-Marjan island as Abu Dhabi is bit too expensive for me.

Guys,
I want to sell my property in Lakeside by DAMAC. Studio 380sq. ft in IMPZ. Developer current price is AED 7,20,000/-. I want to sell around 5,00,000/-. No Commission involved. I 'm the direct owner.

Guys,
I want to sell my property in Lakeside by DAMAC. Studio 380sq. ft in IMPZ. Developer current price is AED 7,20,000/-. I want to sell around 5,00,000/-. No Commission involved. I 'm the direct owner.


What's the delivery date on this project, and how far are they along?

It is schedule to complete in 2012-2013.

Any news from Habibi TANMIYAT?

Any news from Habibi TANMIYAT?

That Habibi is still sleeping.....and earning

Any news from Habibi TANMIYAT?

nothing at all ...The majority of the projects simply signing a paper , then forget fines

Hi, does anybody have any news related to the launch of ajman corniche?

Ajman Corniche was a old project it is already sold. the second one is Ajman Corniche residence it is almost sold.

Guys

I've spoken to one of Tanmiyats rep regarding Ajman Marina and he said to be that the selling price will start at approx 1400 sqft and i believe he also said that the launch date is around oct/nov (i can't remember the actual date so pls don't quote me)

1400AED psf seems a little steep as you can get resale projects in Dubai Marina for that much, many of which are close to completion. I think if Ajman wants to attract investors surely they have to price their projects lower than the Dubai equivalents?

But then again, look at Abu DHabi - its already more expensive than many parts of Dubai but investors are still flocking to it!

1400AED psf seems a little steep as you can get resale projects in Dubai Marina for that much, many of which are close to completion. I think if Ajman wants to attract investors surely they have to price their projects lower than the Dubai equivalents?

But then again, look at Abu DHabi - its already more expensive than many parts of Dubai but investors are still flocking to it!

Abu Dhabi is definitely much more royal than most of the parts of Dubai. Moreover reem island Abu Dhabi is in the center of the city where is the major cause of high priced property and as we all are aware of that there is a massive shortage of apartments in the Capital which is pushing the price high

1400 should not be the figure for Ajman Marina. It should not cross 1000 but if it does then the people who bought in Orient towers will make a fortune as this project is on same road and at 675 per sq.ft at the moment.

1400 should not be the figure for Ajman Marina. It should not cross 1000 but if it does then the people who bought in Orient towers will make a fortune as this project is on same road and at 675 per sq.ft at the moment.

who is the developer of Orient tower and is it on main Crniche road?

orient Towers is developed by the Governement of Ajman visit www.EmiratesProperty.net they are marketing it.

I think the developer will lose its credibility because of such an enormous delay. The way they are delaying this launching, I don't think general public/investors gonna rely on them.

I don't think this will be too far away. Have a read of this article http://www.zawya.com/story.cfm/sidZAWYA20080602032952.

Talks about land reclamation for the marina starting in June and plots being released in June as well. I still think this will be a quality development and will be worth the wait.

The land reclamation project off the corniche sounds interesting. I just hope they don't spoil the beautiful beach as it is what makes the place unique in my opinion.

Any update on the project?

I have heared that the launches will be after Ramadan. I think they are delaying things to get the prices higher and then launch. The release for Dubai Promenade has caused serious price increases on Dubai Marina.....Do you think Ajman prices will grow at the speed as Dubai Marina Prices? Any one else got news on Ajman Marina launches?

Keep on visiting www.Emiratesproperty.net they are going to advertise on their website before the launch.

Tommorow is launching in Burj Al Arab. They will sell only buildings and plots.

They have sold almost all plots on 315 per sq.ft, and buildings 1200 per sq.ft. Indidual units will be on sale after Ramadan about 1400-1500 per sq.ft.

The one thing i cant understand Tanmiyat was supposed to sell units indivually but they changed their mind and sold land and buildings to third parties Why??

The one thing i cant understand Tanmiyat was supposed to sell units indivually but they changed their mind and sold land and buildings to third parties Why??
They will but in October.

Ajman Marina announces registration of development plots

Posted on Wednesday, 9 July 2008

Press Release Content

Ajman Marina, a prestigious US$3 billion waterfront project under development by Tanmiyat Group on the shores of the emirate of Ajman, has announced commencement of plot registration for the project's development plots, at a registration event that was held on Tuesday July 8, 2008 at Burj Al Arab in Dubai.



The Ajman Marina project represents a milestone in Ajman's real estate sector, providing a host of facilities and amenities all within a single area, and boasting state-of-the-art residential and business developments designed to the highest of standards. The project will be constructed in two phases over a period of five years.

Abdullah Al Majed, member of Ajman Marina's Board of Directors and head of the Executive Committee, commented on the registration event by saying, "Ajman Marina is one the most exciting projects in the region at the moment, and we are extremely proud to take this step forward, and to have been given this opportunity. We look forward to promoting this project on behalf of Tanmiyat, and we are confident that this will prove to be the beginning of a long, mutually rewarding relationship between our two companies."

The project, whose master plans have been designed by world renowned design firm HOK, is set to transform the emirate of Ajman - the smallest of the seven - into a vibrant, bustling seaside hub for business and leisure. The company's board, chaired by H.E. Sheikh Rashid Bin Humaid Al Nuaimi, head of Ajman Municipality and Planning Department, was selected and confirmed in early June, and construction of a dedicated sales centre is underway.

Ajman Marina will be one of the largest tourism, residential and commercial projects in Ajman upon its completion, providing 8,000 freehold residential units, covering 14 million square feet of built-up area, as well as a number of commercial and entertainment areas covering over 3 million square feet.

The project will feature a yacht club, residential towers with a view of the Marina and the shores, restaurants, entertainment facilities, hotels, and offices. Other facilities include covered car parks, 24-hour security, swimming pools, restaurants, coffee shops and pharmacies.

What do you think guys, will Ajman Marina do as well as Dubster Marina (Dubai)???? 1400 Dhm sqf seems high.......But it does look like a good development. Any further news on developers builing the dam thing?

Right now they are selling PLOTS N FULL BUILDING ...

You got to ask yourself what is the attraction in Ajman compared to Dubai/Abu Dhabi. For 1400sqft you can buy in Dubai. Ajman still has problem of electricity, infastucture, attrcating multinational companies. How many westerners even had of Ajman.

You got to ask yourself what is the attraction in Ajman compared to Dubai/Abu Dhabi. For 1400sqft you can buy in Dubai. Ajman still has problem of electricity, infastucture, attrcating multinational companies. How many westerners even had of Ajman.
Prices are still cheap. In Dubai Marina new projects starting prices at least 2500 aed per sq.ft.

You cannot compare Ajman with Duba at all. DXB Marina is a class whereas Ajman Marina (you never know) there is power failure issues. I think this project will remain within 900-1200 per sqft. max. Bcz in Dubai still u can easily find apts b/w 1000-1400 per sqft.

biggest problem is there the access.if you see inside Ajman , difficult to make a new road.Sometimes it takes 30-40 min just reach the Emirates Road..
I think any projects around the Emirates Road better investments than the Ajman Marina.

Last 2 years (almost), the status on www.ajmanmarina.ae is showing "Coming soon". I don't know what do they mean by "Coming soon". In a span of 2 years a decent developer can eract 15 storeys tower but this SLEEPING BEAUTY Tanmiyat will never wakeup it seems. POOR PLANNERS

No they are not poor planner. This is called smart planning . The completion date of project could not be before 2012 or 2013 if they launch now they have to give flexible payment plan till completion but if they launch three years before completion then they save a liitle money. Also in current situation day by day they are getting inquires without spending money and prices are also increasing. So it was good for them to wait till moment and then launch.

Raza01, the most important thing that counts to become a successful developer is "REPUTE". No company wants to be profitable concern at the cost of losing repute. This particular project is so much delayed that finally the investors will be annoyed for persuing it forward and secondly "Ajman Marina" is not the end of the world where investors will keep waiting ..... endlessly.
Why the companies like EMAAR, NAKHEEL, TAMEER OR DAMAC are successful? Not because of delaying the launching of their projects but because of their commitment and crystal clear planning. Ajman Marina was announced in Feb 2007 to be launched in September 2007. Then this chain of delays kept going till today. Believe me or not but Ajman is still countless years behind than other emirates and if a developer is serious to capture the market of lagging city then they have to prove and firm to the commitments.

Are there any news concerning the launch of buildings located at the marina?

Tanmiyat is the master developer, just see their project in Dubai, not too fast:)

http://www.skyscrapercity.com/showthread.php?t=151080&page=8

I could not find anybody who are saying something good about Tanmiyat. I feel sorry that a great project of Ajman Marina is handed over to a lazy company.

What you all think about Ajman Marina project is it a good investment if launched at 1400 Aed per sq.ft

very very high "launching" price. probably a good price once "completed"

Any news regarding launching?

City Scape dubai Next month on 6th

22-Sep-2008

Ajman Marina is one of the largest integrated mega real estate projects in Ajman

Ajman Marina, one of the largest integrated mega real estate projects in the region, has signed A Dh150 million strategic agreement appointing China Harbour Engineering to develop the project's infrastructure. Abdullah Al Majed, Board Member, Ajman Marina and Head of the Project's Executive Committee, and Li Guo Wei, GM, China Harbour Engineering, signed the agreement.

Al Majed said, "The appointment of China Harbour Engineering to develop vital civil engineering and infrastructure works for the Ajman Marina represents a major step forward for the development. We are delighted to have China Harbour Engineering working with us on this prestigious development, and we are confident that their excellent track record and their industry standing and expertise will be invaluable at this vitally important phase of the project."

Ajman Marina has also awarded Dh9 million consulting contract to Mouchel to act as the managing consultant. It will supervise and manage the 390,000 cubic meters of digging and piling works and the 557,000 cubic meters of filling works for the Marina's quay. Once completed, the quay wall will extend over approximately 1,700 m. The works on this real estate project will start in the third quarter of 2008 and will complete in next 18 months.

Any news on the launching of this project or still planning?

Ajman Marina prepares for Cityscape Dubai 2008

The organizing committee for the Cityscape Dubai exhibition, one of the most distinctive real estate exhibitions in the world, is preparing to launch the seventh edition of the exhibition at the Dubai International Convention and Exhibition Center.
The exhibition is expected to attract hundreds of real estate companies and presents great opportunities for these companies to showcase their projects and make important deals that, according to experts, could add up to more than Dhs5 trillion's worth, with a growth rate that more than doulbled last year alone.

Abdullah Al Duheim, Deputy CEO of Ajman Marina, said:

'Real estate companies from all over the globe are preparing to participate in Cityscape Dubai 2008. The wide expansion of the exhibition area itself and the growing number of participants each year show just how important the exhibition is. In fact, some companies have transferred this experience back to their home countries in a bid to replicate the success Dubai has achieved as a regional leader in real estate.'



Al Duheim added, 'We will showcase our leading project, Ajman Marina, which is currently under development on the coast of Ajman. We have made all the necessary preparations. Ajman Marina will also offer information services concerning the nature of the project and investments, and a team of able staff will be on hand at the exhibition to attend to any enquiries on the project. We will also be distributing comprehensive printed information on the project.'

Ajman Marina is the crown jewel among the emirate's real estate developments. Spanning an area of 25 hectares, the project will be developed in 2 phases over the next five years, with an investment value of $3bn. Upon completion, the project will offer 21 thousand residential units in addition to various facilities and amenities, covering an area of 3 million square feet, while built-up area amounts to 14 million square feet.

Ajman Marina, with its prime location on the Ajman coastline, complements the emirate's rich reputation, status, openness and modern vision. The project is in harmony with the beauty of its location, and with the giant steps the emirate has taken concerning the development of its infrastructure, roads, communications, marinas and free zones.

They again did not launched the project in city scape; can't understand what they want?

May be due to current liquidity crunch globally

They again did not launched the project in city scape; can't understand what they want?

Ajman Marina has it's own stand at Cityscape and apparently has completed AED 1bn worth of sales - check the AMEinfo website.

Ajman Marina has it's own stand at Cityscape and apparently has completed AED 1bn worth of sales - check the AMEinfo website.


Over 1bn in sales? Is this individual units or plots of land?

Does anyone have a Master Plan on Ajman Marina and which buildings are on sale?

I'm guessing its probably full buildings and/or land plots only?

EDIT: yep plots only.

Yes, I believe plots of land. Sub-developers have snapped up the land - all in all there are 27 private plots in phase one...

Smokeey, Abu Ahmad - thank you very much for this information.

I guess it will be at least another 6 months before any sub-developer launches its project.... What are your estimates?

Yeah, I would say 6 months is a good estimate. Having said that, Plus properties have recently launched residential and commercial projects on Al Zorah so the authorities may push for some developers to announce projects on Ajman Marina.

it would be very nice if somebody could post photos of the area where Ajman Marina will be developed, may that be possible?

Thanks guys!

Ajman Marina to build its own power plant

Yasin Kakande

* Last Updated: October 20. 2008 9:58PM UAE / October 20. 2008 5:58PM GMT

From The National

AJMAN // Ajman Marina is to build its own electricity generating plant to ensure it is not affected by a power crisis in the emirate, its developers announced yesterday.

Hundreds of new buildings in Ajman are empty as the Federal Electricity and Water Authority and the local authority wrangle over who is responsible for supplying power. As a result, developers are losing millions of dirhams and businesses are being forced to close.

Ajman Marina, a Dh3 billion (US$817m) joint venture development, is the first to announce it will build its own power plant for its development. This should mean tenants will be able to move in as soon as the project is built, unlike other developments in Ajman, some of which have been empty for up to a year.

Azad Nouri, the general manger of the marina project, said the company had decided to create its own electricity supply because it understood the public’s concern about the power crisis.

Dr Ali Osman, the deputy director of Ajman Marina, said the project was still at the planning stage but the company had finalised its design and its needs assessment.

The project would require about 300 megawatts of electricity, he said.

“We have received about three proposals from different companies to undertake the power plant project. We are yet to decide on one,” Dr Osman said, adding that it was too early to name the companies bidding for the project.

He said the company had not yet decided whether to build a diesel or coal plant, but this would be decided in a few weeks.

The Ajman Marina development is expected to be completed by 2015 and the company plans to have its power plant up and running by then. The development, a mixture of residential and office projects with a five-star hotel on the waterfront, is a joint venture run by the Ajman Government and Tanmiya property company.

The electricity shortage has had a significant impact on property investors in the northern Emirates.

Many have invested millions of dirhams, which they are having to write off as they cannot provide light for their buildings.

In Umm al Qaiwain, a Dh30bn project by Tameer, the Dubai-based developer, Al Salam City, was put on hold in May due to the shortage of electricity and water. The delay in such a high-profile project, which was believed to have been 70 per cent sold, was a big blow to the emirate.

The Ajman Government signed a $2bn agreement with the Malaysian power producer MMC this year to build the Gulf’s first coal-powered electricity plant. The plant will be ready in 2012.

Hi - are there any updates on this? Have developments been released?

Tanmiyat to complete all projects


on Wednesday, January 07, 2009

Saudi Arabia-based Tanmiyat Group yesterday said all its projects will go ahead and there are no plans to lay off any employees.

"The global economic crisis that is looming large over us all has had a profound effect on various markets throughout the world. At a time like this, we feel it is vitally important to maintain productivity, not only for the sake of boosting our clients' and investors' confidence, but also to ensure that the jobs and future of our employees are safeguarded," Abdullah Al Majed, Vice-Chairman of Tanmiyat Group, said in a press statement. "We have established long-term good relations with our employees. Should any crisis arise, communication, support and advice will be available to all staff to help them perform and deliver efficiently."

Tanmiyat Group Executive Director Rasim Kaan Aytogu had told Emirates Business earlier that they were fortunate to have a very strong fundamental underpinning to their projects.

"As a well-capitalised developer in the region, Tanmiyat has adequate capital in place. Instead of conventional financing tools, our projects are fully funded by owner's equity and sales revenue. Hence, the impact is very minimal," he said.

Tanmiyat's projects in Saudi Arabia include Al Majed and the Breman project in Jeddah, the Al Salam project, King Abdul Aziz International Airport, the Al Tahlia Trade Centre, Al Khalidiyah, a major residential development, and Al Muhamadiyah, another residential project.

"We also have a commercial development under way in Turkey. Each of our developments has been designed to offer the maximum benefit to both investors and purchasers in the area in which it is situated.

"It is difficult to compare projects in different countries for this very reason, but all of our developments, in whichever country, are designed according to the highest standards and undertaken with the greatest care," Aytogu had said.

The company's projects in Dubai include the Living Legends in Dubailand, the Commercial Heights project in Dubai's Business Bay and the $3 billion (Dh11bn) Ajman Marina development.

http://business24-7.ae/Articles/2009/1/Pages/01072009_6da0802a365f4a959670bb746eddf95d.aspx

Finally

video - ajman marina

http://www.youtube.com/watch?v=_l08rj1RdaA

Nice video thanks, so when is the lauch date?

http://static.worldarchitecturenews.com/news_images/1516_4_1000%20HOK%20Ajman%204.jpg

http://static.worldarchitecturenews.com/news_images/1516_3_1000%20HOK%20Ajman%203.jpg

http://static.worldarchitecturenews.com/news_images/1516_2_1000%20HOK%20Ajman%202.jpg

Nice video thanks, so when is the lauch date?

this developer still exist?

They have a project in Dubailand but since 2006 nothing has happened there.

http://www.skyscrapercity.com/showthread.php?t=151080&page=10

this developer still exist?

They have a project in Dubailand but since 2006 nothing has happened there.

http://www.skyscrapercity.com/showthread.php?t=151080&page=10

But they are working fine on Ajman Marina Site. Work is going on.....

But they are working fine on Ajman Marina Site. Work is going on.....Pictures speak louder than words ?

Pictures speak louder than words ?

I will try to get some.

Nothing so much on site except preparing the whole site with a white walls .

Today

Ajman Marina

http://i40.tinypic.com/1zyu649.jpg

http://i41.tinypic.com/2yxrt5x.jpg

http://i41.tinypic.com/8zmnmo.jpg

Today

Ajman Marina

http://i39.tinypic.com/eu31q0.jpg

http://i42.tinypic.com/1252npw.jpg

Ajman Marina - Infrastructure Package

Client: Tanmiyat Group

Actual Value: 41m USD

Contractors: Main Contractor: China Harbour Engineering

Consultants: Main Consultant: Mouchel Parkman HOK (Master Plan)

Category: Infrastructure

Project Duration:

From: Q4 2008 Actual
To: Q2 2010 Actual

Status: Construction

Scope: The package is part of Ajman Marina. The package includes 390,000 cubic metres of excavation and 557,000 cubic metres of filling, together with piling works for the marina\'s quay. Once completed, the length of the quay wall will be around 1.7 kilometres.

Schedule: China Harbour Engineering was awarded the main construction contract in September 2008. Construction started in November 2008. Contract duration is 18 months.

Ajman Marina

Client:Tanmiyat Group

Actual Value: 3bn USD

Contractors: Main Contractor: China Harbour Engineering (Infrastructure Package)

Consultants: Main Consultant: Mouchel Parkman

Main Consultant: HOK (Master Plan)


Project Duration:

From: Q4 2008 Estimated
To: Q1 2015 Estimated

Status: Construction

Scope : Ajman Marina was designed to become a mixed-use project focused on Business, tourism, residential and commercial components. The project located in Ajman City, near the Kempinski Hotel. Ajman marina will include residential towers, hotels, a yacht club, educational facilities, restaurants and shops. The development that is spread over 240,000 square metres is opened to all nationalities according to Ajman freehold policy.

Schedule: The project is under construction. In September 2008, China Harbour Engineering was awarded the contract of infrastructure package.

Thanks bizzy, Ajman Marina moving at a snails pace.

05/October/2009

Cityscape 2009 ,Ajman Marina

http://i33.tinypic.com/2ym9fso.jpg

http://i35.tinypic.com/334t5l4.jpg

http://i35.tinypic.com/2en2bfs.jpg

http://i38.tinypic.com/34in12q.jpg

Hii Imre. How was the exhibition this year. Is it 50% less crowdy than last year or more.

snip from article...
Construction at the company’s project in Ajman, Ajman Marina, will be resumed in 2010 for completion by 2020, said Mr Sulaiman. “We plan to recommence construction early next year. The gross development cost of the project can be in the range of Dh3-4bn.”

Full article can be found here:
http://www.thenational.ae/apps/pbcs.dll/article?AID=/20091006/BUSINESS/710069984

I'm not an investor in Ajman, but I thought you might be interested in this audio report (http://www.ameinfo.com/211848.html) at AEEinfo from Cityscape 2009.

Originally Posted by catherinez View Post
I do have the names and numbers of individuals I mentioned. I can forward you by PM or email, please confirm. The firm's name is TLG.


We know the firm's name is TLG. Forty investor's, and I already knew that more than a year ago. We even spoke to Mr. Thucker. The problem is the firm want's to be paid up front, but no body has concrete proof the investor's who got they're money back really exist, and we all know there's a lot of people who pray on investor's who are stuck in bad realestate investment's in the UAE.

What we are interested in is proof they really exist, and got they're money back as I mentioned in the above post. Show me what I requested since you state you got your money back, and that should do the job.

All I'm getting from you, and other unknown forum member's is pumping business to TLG, that's all, and the worst part of all is it's all over the UAE forum where construction is at a stand still, hold, or cancelled.

In short, prove to me, and my fellow investor's who you are, and show me the paper work to back up your story. It's that simple if it's true, if you can't back it up then obviously it's a farse. I don't want other people's number's, nor email's, I want YOUR'S since you very well stated you dealt with the firm, and got your money back.
noir-dresses is online now Report Post Edit/Delete Message

Developer Tanmiyat thinking of raising Dh1bn through bond issue

By Parag Deulgaonkar | Published Wednesday, October 06, 2010

http://www.emirates247.com/polopoly_fs/1.300330.1286366332!/image/3504255034.gif
Ajman Marina may become a glitzy entertainment district. (FILE)

Saudi-based Tanmiyat is reviewing the $3 billon Ajman Marina project with plans to turn it into an entertainment destination than just build high-rises there, a top company executive said.

"We are working with Ajman Municipality to review the masterplan of the project. We want to make it an entertainment destination than have just residential and commercial towers," Dr Wan Hasni Wan Su, Advisor in Charge, Tanmiyat, told Emirates 24|7.

"The land is so good that we want to put it for better use. Since we have not sold anything, we don't need to start the project."

Asked if the project will not have any residential towers, Dr Wan said: "The project will be developed in phases and that decision will be taken later."

According to the company's website, Ajman Marina was designed to become a mixed-use project focused on business, tourism, residential and commercial components. The project, located near the Kempinski Hotel and spread over 25 hectares, was officially launched in October 2007 and will comprise a yacht club, residential towers, branded restaurants, entertainment facilities, and hotels.

Although Tanmiyat is self-funding its Dh2.7bn Living Legend project in Dubailand, the company does have plans to access the fund market.

"The market is currently not conducive to launch a bond issue. But, if anytime we go to the market in the next three years, we will raise at least Dh1bn," Dr Wan said.

On Monday, this website reported that the company will be handing over 200 villas and almost 400 apartments in the first phase of Living Legends project by end of 2011.

Emirates 24|7 (http://www.emirates247.com/news/ajman-marina-may-become-a-glitzy-entertainment-district-2010-10-06-1.300329)

Walked past this site on 26 January. No photos sorry but work was still happening on the marina walls. Construction of any buildings still looks a long way off...