AWALI CITY

Location: Emirates Road, Ajman
Developer: Real Estate Investment Est.
Engineering consultant: Adnan Safarini
Residential,Commercial and Mixed use plots

from the Gulfnews:

http://img444.imageshack.us/img444/9929/p1120267ok7.jpg (http://imageshack.us)

opposite the Emirates City

Awali launches four towers in Ajman


http://business24-7.ae/SiteLists/ArticlesTempPhotoGallery/7_16_2008/ArtclDtaPg_55456d930b944625ac9f09325b080486_0.2.jpg

Mohammad Hussein Abdullah Al Nemer, Board Member and Chief Marketing Officer, with other officials at the press conference in Dubai.

on Thursday, July 17, 2008

Dubai-based Awali Real Estate Investments yesterday launched four towers – two residential and two commercial – in Awali City on Emirates Road in Ajman, the developers said in a statement.

"The launch of these four new towers is a step toward addressing the increasing demand for residential and commercial units in Ajman. The demand for real estate, especially in the residential and commercial sectors, has been growing significantly over the last few years, prompting developers to launch mega projects in the emirate in order to fill the gap between supply and demand," said Mohammed Hussein Abdullah Al Nemer, board member and Chief Marketing Officer for Awali Real Estate Investments.

"The real estate boom in the UAE is accompanied by the continuous efforts of the Ajman government to maintain this momentum in the real estate market. The government has developed a sound and sustainable infrastructure and reformed its legal system to provide the necessary facilities and incentives for investors, in a bid to make Ajman one of UAE's fastest-growing emirates," he added.

The two residential towers – called Mashrabia Residence – is a freehold project. Each of the tower will comprise 25 levels with 12 one-bedroom apartments and four two-bedroom apartments on each level, amounting to a total of 800 apartments. The towers are scheduled for completion by the end of 2011.

Chevron Commercial Towers will comprise 25-storeys with each tower having 304 office spaces.

Adnan Saffarini to design Awali Ajman project

on Sunday, July 27, 2008

Awali Real Estate Investments, a leading regional investment firm, has awarded a Dh65-million contract to Adnan Saffarini Engineering Consultants for the architectural design, supervision and engineering consultancy services of Awali City.

The Ajman-based project comprises 15 residential and commercial towers.

The signing of the agreement was attended by Hussein Hassan Al Nemer, Chairman of Awali Real Estate Investments. Ahmad Saffarini CEO of Adnan Saffarini Engineering Consultants, signed the agreement on his country's behalf.

Ali Al Nemer, Managing Director of Awali Real Estate Investments, said: "We are introducing new architectural icons to the Awali City map and adding to the company's portfolio a host of state-of-the-art towers that reflect Awali's position as a leader in the field. Our luxurious projects offer superior residential and commercial investment opportunities.

"We have chosen Adnan Saffarini Engineering Consultants because we have great confidence in their strong track record and the impressive performance demonstrated by them in the field of architectural design across the country."

Ahmad Saffarini, CEO of Adnan Saffarini Engineering Consultants, said: "The towers will boast luxurious, modern and stylish designs and state-of-the-art technologies to cater to the various needs of clients, residents and investors. These towers will be the first step for excellence and innovation of architectural designs in Awali City."

The 15 towers will have two height levels. There are 11 towers of 32 storeys each, which form the Northern and Southern Gates of the city, and four 25-storey towers forming the City's entrance from Emirates Road.

The Awali mega city was launched in co-operation with the Ajman government's property investment establishment at the beginning of this year, as a debut for the developer. The project is a self contained, state-of-the-art development, spread over an area of 33 million sq ft along the Emirates Road. It includes 136 plots of land designated for residential and commercial use.

http://www.emiratesproperty.net/images/Construction/Awali%20City/DSC01023.jpg

Awali constrctuion updates

Any updates on this project?

Is it still planned to go ahead?

Regards

Yes they are still selling some towers and plots but investors are not interested in that area any more.

No more informations about Cavendish Tower...pictures or noticies? Thanks

Hello :banana:
Does anyone know when the developers will start the construciton works of the buildings in Awali City?
Anything going on on the site?

Hi all,
I bought a unit in the The Cavendish, I am not sure it will be built, also there is a lot of bad stuff being written about UKCIG the company behind it. UKLI a company owned by the same person has gone in to administration(bancrupt). I am trying with others to get a group of us together to see what legal remedy we have. If anyone wants to join us please leave message here or PM me.

The Dh20-billion Awali City in Ajman is likely to be resized after claims there have been a number of payment defaults by investors, Emirates Business can reveal.

Master developer Awali Real Estate Investments said the project could be resized to three-quarters, or even half its original size.

"There are 136 plots of land and all had been sold at the time of launch. Most of our investors have stopped paying us for the past eight to nine months and so we are in talks with every one to find out their plans," said Amal Amir, Sales and Marketing Manager, Awali Real Estate Investments.

http://www.business24-7.ae/Articles/2009/8/Pages/30082009/08312009_064f9649a224496da630056ed78d446b.aspx

$5.4bn Ajman project could be halved amid downturn

http://i28.tinypic.com/156qter.jpg
PROPERTY DOWNTURN: Ajman's real estate sector has been hit by the impact of the global slowdown. (Phot0 for illustrative purposes only)

by Andy Sambidge on Monday, 31 August 2009

Most investors in the AED20 billion ($5.4bn) Awali City project in Ajman have stopped payments for the past eight months, it was revealed on Monday.

The project is likely to be resized by up to half its original size as the global economic crisis continues to impact, master developer Awali Real Estate Investments said.

"There are 136 plots of land and all had been sold at the time of launch. Most of our investors have stopped paying us for the past eight to nine months and so we are in talks with every one to find out their plans," said Amal Amir, sales and marketing manager, Awali Real Estate Investments, said in comments published by Emirates Business.

"We will be reworking the master plan once we get feedback from all our investors."

Amir told the paper the company has not forfeited any deposits nor cancelled any contracts as such steps have to be taken after informing the Ajman Real Estate Regulatory Agency (Arra).

Earlier this month, Arra Director-General Omar Al Barguthi said developers will not be allowed to arbitrarily cancel any sales and purchase agreements without permission.

Separately, Ras Al Khaimah-based Saraya Development Group said it was suspending sales of its $1.4 billion project citing a lack of availability of electricity.

Omar Agha, Saraya's managing director, said the suspension of sales was temporary and the project had not been cancelled or put on hold indefinitely.

http://www.arabianbusiness.com/566343-54bn-ajman-project-could-be-halved-amid-downturn

holy lord...

http://www.sooqelaqarat.com/cust_logos/temp_28452_1.jpg

...what a charming project, realy lovely!

If build!!!!!!!!!!!!!

Raza, you seem to be in touch with the various projects in Ajman. Good job.

Possible to rank the various projects( the Ajman City Projects, not the ones on Emirates Road) in terms of construction progress , location etc.

If you dont mind.

Location and long term investment point of view in downtown Ajman following projects are good ( in my view).

Ajman One
Corniche Towers
Horizon Towers
Orient Towers
City Towers
Falcon Towers
Ajman Pearl

As a constrution progress point of view.

Ajman One
City Towers
Orient Towers Ajman Pearl
Corniche Towers ( now going fast but it is a delayed project)
Horizon Towers ( Now ready)
Falcon Towers (Delay of 1 year)

So if we talk about location, investment and above all good for living then Ajman One is on top of the list.

Raza, you seem to be in touch with the various projects in Ajman. Good job.

Possible to rank the various projects( the Ajman City Projects, not the ones on Emirates Road) in terms of construction progress , location etc.

If you dont mind.

Location and long term investment point of view in downtown Ajman following projects are good ( in my view).

Ajman One
Corniche Towers
Horizon Towers
Orient Towers
City Towers
Falcon Towers
Ajman Pearl

As a constrution progress point of view.

Ajman One
City Towers
Orient Towers Ajman Pearl
Corniche Towers ( now going fast but it is a delayed project)
Horizon Towers ( Now ready)
Falcon Towers (Delay of 1 year)

So if we talk about location, investment and above all good for living then Ajman One is on top of the list.

Thanks, Raza. Good update.

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

its going to be amazing


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