onyan unveils Eye of Ajman mixed-use project

Staff Report
Published: May 10, 2008, 23:37

Dubai: Bonyan International Investment Group, a Dubai-based real estate company has announced the launch of its Eye of Ajman project - a Dh3.5 billion development.

The project is spread over 6.27 million square feet and comprises 109 multi-purpose plots.

Located along Emirates Road in the Al Hamidiyah area, the development is Bonyan's first project in Ajman and will comprise residential, office, hospitality and retail plots.

Bonyan will hold a sales roadshow in the Al Massa Ballroom of the Monarch Hotel today from 10am to 5pm, and at the upcoming Cityscape Abu Dhabi.

Located 20 minutes from Dubai, the project will include residential towers that have lake and gardens views with ample parking spaces allocated to residents and visitors alike.


most of these cities in ajman are located just oppositie from each other...while I do think that ajman is finally on the real estate band wagon..they shuld do wha AD is doing and learn from the mistakes made in DXB...with traffic issues....just saying...but Go them!

R

Any body have any plans and prices.

Bonyan to invest Dh10bn in Ajman

http://business24-7.ae/SiteLists/ArticlesTempPhotoGallery/5_10_2008/ArtclDtaPg_c0fa862c71b544d6a56fe4ce0d0b834b_0.2.jpg

on Sunday, May 11, 2008

Bonyan International Investment Group plans to increase its investment in Ajman to Dh10 billion in the next three years, the company's top official said.

Chairman Abdullah Atatreh, speaking to Emirates Business a day before the launch of the Eye of Ajman, said the rapid development has made Ajman an ideal property investment for GCC nationals, expats and overseas investors.

"Ajman provides us with great opportunities and we expect the Eye of Ajman to be among the first of our large-scale projects in the emirate," Atatreh said.

"We have high expectations from this project, which we expect to play a major role in our aim to increase our portfolio to Dh10bn in three years."

Atatreh said the entire infrastructure will be completed by 2010, adding that Bonyan will offer total development flexibility with re-sale options for all investors.

The $3.5bn project, to be launched today, is Bonyan's first project in Ajman and will comprise of residential, office, hospitality and retail space. It is financed in-house and is located along Emirates Road in Al Hamidiyah area.

The off-plan project is a freehold development and is spread over 6.27 million square feet, comprising of 109 multi-purpose plots. A law allowing freehold ownership of properties in Ajman, making escrow accounts mandatory for all developers, will be issued by the emirate next month.

"The availability of 100 per cent ownership rights and the development of Ajman airport have fuelled a huge growth in the real estate sector with total investments now more than Dh400bn," Atatreh said.

"The city is only 20 minutes away from Dubai airport,and 10 minutes from the beach area, thereby presenting investors with an accessible site that is close to nature and the bustling cityscape," he added.

Land prices in Ajman are rising by 15 per cent to 20 per cent every year. In less than two months, prices are said to have moved up to Dh76 per sq ft from Dh68 a sq ft.

Despite the increase, prices are far lower than in Abu Dhabi and Dubai.

According to Amir Pardesi, vice-chairman of Mazyood Giga International, what one can buy in Dubai for Dh1,200 per sq ft, one can get it for Dh400 in Ajman.

"When you compare it to Dubai there is still a big difference in terms of price. Ajman is the best place for investment for the middle-class segment," Pardesi said.

Ajman rentals have also increased by 64 per cent in the past 12 months, with the highest increases seen in studios at 89 per cent and one-bedroom units at 76 per cent. The Corniche area commands the highest rents – Dh30,500 for studios and Dh42,500 for one-bedroom units. Rents in Al Naimia, Sheikh Khalifa Road and Al Quds areas have also risen.

The gross domestic product of Ajman is predicted to reach Dh17bn this year, up from Dh10bn in 2007.

The emirate has recorded a 27 per cent GDP jump between 2006 and 2007.

«بنيان» تطوِّر مشروع «عين عجمان» بتكلفة 3.5 مليارات درهم




أعلنت «مجموعة بنيان الدولية للاستثمار» إطلاق مشروع «عين عجمان» في إمارة عجمان بقيمة 5. 3 مليارات درهم إماراتي، والذي يعد أول مشروع لشركة التطوير العقاري في الإمارة. ويمتد المشروع الذي يتميز بموقع استراتيجي على طريق الإمارات في منطقة الحميدية، على مساحة قدرها 27. 6 ملايين قدم مربع وتضم 109 قطع أراض متعددة الاستخدام.


وضمن إطار أهدافها لتوفير المباني السكنية والتجارية والفنادق و المكاتب التي تتميز بعائدات استثمارية مرتفعة إلى المستثمرين المحليين والأجانب، تسعى شركة التطوير العقاري إلى إقامة عروض البيع الخاصة بالمشروع في قاعة الماسة في فندق مونارك، دبي، اليوم من الساعة العاشرة صباحاً وحتى الخامسة مساءً ولاحقاً في معرض «سيتي سكيب أبوظبي» في المنصة رقم 192 والقاعة رقم 2 .


ويقع مشروع «عين عجمان» على مسافة 20 دقيقة من إمارة دبي، حيث يعد مجمعاً نموذجياً يسهل الوصول إليه، ويتألف من أراض ذات مواقع متميزة ومناسبة لتطوير المباني المتعددة الاستخدام والتي تتراوح بين أبنية تتألف من طابق أرضي و5 مواقف سيارات و17 طابقاً )ا+5ذ+71( وأبنية أخرى تتألف من طابق أرضي و9 مواقف سيارات و60 طابقاً (G+9P+60).


ويتميز المشروع باتصاله بشبكة من الطرق تتيح سهولة حركة المرور داخل المدينة، كما وتم تصميمه لتوفير إطلالات متميزة على البحيرة والحدائق وإتاحة مساحات كبيرة لمواقف السيارات. بالإضافة إلى ذلك سيقوم المطور بتوليد الكهرباء للمشروع الذي ستعرض العقارات فيه للتملك الحر بنسبة 100% وبنظام دفع مغر.


وقال المهندس عبد الله عطاطرة، رئيس مجلس إدارة «مجموعة بنيان الدولية للاستثمار»: «يسرنا إطلاق مشروع «عين عجمان»، الذي يدل على مكانة شركتنا الرائدة في السوق العقاري الإماراتي. وبصفتنا شركة عقارية ذات خبرة واسعة، فقد حددنا إمارة عجمان كموقع مناسب لمشروعنا الرائد ، نظراً إلى التقدم السريع في مجال البنية التحتية وتشريع قوانين ملكية الأراضي الذي تشهده الإمارة.


ونثق بأن هذا المشروع سيلعب دوراً هاماً في النمو المستمر للإمارة كمركز أساسي للأعمال يستقطب الاستثمارات الكبيرة من كافة أنحاء المنطقة». وتم تصميم المشروع بشكل متميز يتناسب مع فكرة المشروع واسمه «عين عجمان»، من خلال توزيع الأبنية بطريقة محددة حول الحديقة الرئيسية لتتخذ شكل العين البشرية.


وسوف يشتمل المشروع على مدارس وفنادق بالإضافة إلى مسجد ومحطة كهربائية وعيادة طبية وناد صحي ضمن مجمع سكني متكامل. وستقوم شركة التطوير العقاري بانجاز جميع أعمال البنية التحتية للمشروع عام 2010 حيث ستوفر المساحات والعناصر الأساسية لتطوير المشاريع المختلفة مع الإعلان عن نظام خاص ما بعد البيع لجميع المستثمرين.


وأضاف عطاطرة: «نعمل بثبات على تعزيز مكانة شركتنا ضمن المستثمرين والمطورين العقاريين في مجال اعتمادنا للمناهج المتميزة لتطوير مشاريع المجمعات المتكاملة. ونسعى إلى اعتماد المفاهيم المبتكرة، حيث نحرص على الاهتمام بكافة تفاصيل المشاريع التي نطورها، مما يؤدي إلى تحقيق العائدات الاستثمارية المرتفعة لعملائنا».

Press Release

Bonyan Group launches AED 3.5 billion ‘Eye of Ajman’ project

6.27 million sq. ft. master development to comprise 109 freehold plots for residential and commercial use

May 10, 2008

Bonyan International Investment Group, one of the leading real estate companies of Dubai, has announced the launch of its ‘Eye of Ajman’ project - an AED 3.5 billion community development spread over 6.27 million sq. ft. and comprising of 109 multi-purpose plots. Strategically located along Emirates Road in the Al Hamidiyah area, the development is Bonyan’s first project in Ajman and will comprise residential, office, hospitality and retail plots. In line with its aim to provide outstanding residential and commercial plots that offer high return on investment to local and foreign investors, the developer is also holding a sales road show at the Al Massa Ballroom, Monarch Hotel, Dubai on May 11, 2008, from 10 AM to 5 PM, and at the upcoming Cityscape Abu Dhabi, Stand 2A19, Hall Number 2.

Located 20 minutes from Dubai, the ‘Eye of Ajman’ project is an accessible community development, which is comprised of well-appointed plots to provide an outstanding site for mixed-use developments, with a strategically outlined network of roads to facilitate smooth traffic within the city. The developer has allocated plots to accommodate the construction of projects that vary from (G+5P+17) to (G+9P+60), and adequate planning has been undertaken to ensure that all plots enjoy stunning lake and gardens views with ample parking spaces allocated to residents and visitors alike. In addition, the developer has committed towards ensuring electricity supply upon occupancy in the plots, which are being offered on a 100 per cent freehold basis with attractive payment terms.

“We are truly proud to launch the ‘Eye of Ajman’ project, as this reiterates our strong presence in the UAE’s real estate market,” said Engineer Abdullah Atatreh, Chairman, Bonyan International Investment Group. “We have identified Ajman to be the perfect location for our flagship project that is based on the sale of mixed use plots, due to its rapid advancements in infrastructure and land ownership legislation. We are sure that ‘Eye of Ajman’ will play a significant role in the continuing growth of Ajman as a business hub by attracting huge investments from across the region.”

The project has been designed to give a stunning representation of the ‘Eye of Ajman’ concept, where a number of plots within the main garden will accommodate buildings within a specific distribution plan to take the form of a human eye. The community development will have a total built up area of 38 million sq. ft, which will also house schools, hotels, a mosque, a clinic, health club and an electric sub station amidst a sprawling urban landscape. In addition, Bonyan is set to develop the complete infrastructure within the project by 2010 and is also offering total development flexibility within the project along with resale options for all investors.

“We are steadily building a reputation among investors and developers for our world-class approach to master-planned community developments. Our innovative concepts accompanied by our keen attention to detail in every aspect of our processes have always resulted in a unique but highly profitable investment prospects for our clients. In addition, our value-added services have also gained much appreciation for the outstanding conveniences they provide, thereby cementing our repute as a holistic property developer,” concluded Atatreh.

With a clear objective to become one of the top five developers across the region, Bonyan has developed AED 3 billion worth of residential and commercial developments including Rose Tower and Lulu Tower, Dubai Gate 1 and 2, Sharjah Gate and ABBCO Tower. The developer is currently undertaking regional projects and continuously enhancing its full suite of integrated and research-based services as part of its aims to expand its project portfolio to AED 10 billion in 3 years.
- ends -

About Bonyan International Investment Group, L.L.C.
Bonyan International Investment Group, L.L.C. started its activities in 2002 and is now being considered as one of the leading real estate groups in the Middle East. The Group’s main activity is the development of real estate projects through ownership, partnership, or as development consultants. Offering a full suite of integrated and research-based services, the Group leverages several partnerships and strategic alliances with key regional and international business partners. Its wide array of value-added services include real estate project development, project management and value engineering, sales and marketing, as well as investment and feasibility studies, which are being offered to individual, corporate and institutional clients and partners. With offices in Dubai, Abu Dhabi, Muscat, Qatar and Amman, the company is playing an integral part in the development of the real-estate market in the region.

Any Idea about their price range.

plots or ???

I think they only launched plots at the moment. If they launched any thing else please update.

yea it's only plots ...don't worry inshallah everythings will be so fresh to thread ...

http://www.gowealthy.com/gowealthy/wcms/en/home/real-estate/uae/ajman/goldcrest-smartcity/index.avsFiles/Overview%20Image/overview.jpg

Overview
Goldcrest Smartcity - Intelligent living is here...

Located near the Ajman beach within the master community of Ain Ajman (Eye of Ajman), Goldcrest Smartcity is a meticulously designed oasis of 8 freehold residential towers. Ain Ajman is a 6.27 million sq. ft development that ensures a dream lifestyle, with elegant buildings and every modern facility conceivable. Fitted with advanced amenities for intelligent living and leisure from LG HomNet, homes at Goldcrest Smartcity are cozy, secure and convenient.

Goldcrest Smartcity at a glance...

Freehold homes guaranteeing 100% property
ownership
Located within Ain Ajman, (Eye of Ajman)
25 minutes from Dubai International Airport
Offers advanced LG HomNet Solutions
Eight 25-storey towers; 4 levels of parking in each
tower
Affordable studios, 1 and 2 bedroom apartments
Easy-to-pay monthly instalment schemes
Has own power generator
Designed by Adnan Saffarini Engineering Consultants
Goldcrest Smartcity brings futuristic living within your reach. The planners of this exquisite residential commune have laid utmost emphasis on the security and safety of the residents, as a result of which you can monitor your child from your mobile, re-confirm your squash court bookings from home; remote order grocery; access over 1000 movies and songs from a central server etc. The use of technology in the homes is not overly done or obtrusive; indeed all the apartments at the Smartcity project are extremely user-friendly and feature flexible interiors that can be modified according to the residents' tastes and requirements.


Location
Goldcrest Smartcity is a 8-tower residential project in the self-contained community of Ain Ajman (Eye of Ajman) on Emirates Road. The project is situated next to the Ajman Interchange just 10 minutes from Ajman beach and 25 minutes from Dubai International Airport. Covering 6.27 million sq. ft Eye of Ajman offers a simple and secure lifestyle with landscaped surroundings, parks, school, nursery and mosque.

Goldcrest Smartcity is:

10 minutes from Ajman Beach
15 minutes from Sharjah International Airport
25 minutes from Dubai International Airport


Facilities
Health and fitness centers with swimming pool (separate for men and women)
Club-house with Squash and Badminton courts, Table tennis, Billiards, Kids' nursery and multi-function hall for parties and events
Landscaped and boulevard walkways
24-hour security
High-speed wireless internet
Homes at Goldcrest Smartcity have LG HomNet features:

LG LCD TV - choose from over 1000 movies
LG Refrigerator; Washing machine; Microwave
I-pod docking station; Download unlimited music online
LG LCD HomNet Control Panel
Wired calling and video calls between neighbors
Information sharing at home
Control panel access
Remote metering, display and remote upgrade
Automatic fault finding
Connection of appliances to neighboring capacity, laundry,
spa, courier, etc
Control of home appliances and home automation devices
from within and outside the home
Monitoring your child from your mobile
Safety system that controls access, prevents intrusions
and accidents like gas leakage or fire
Notification of visitors during absence
Home entertainment solution

Inbuilt entertainment with access to a large movie database on
a central server

I-pod docking station in each apartment
Community portal solution
Online community service
Daily life information
Local information service

Cancelled per my colleagues request just to be nice for his other ssc contribution

Would Goldcrest Smart Towers be a good long term investment? Who is the developer?

http://i34.tinypic.com/1zbcvgz.jpg
http://i36.tinypic.com/314f58y.jpg
http://i38.tinypic.com/hvnfyx.jpg
http://i33.tinypic.com/aywtxh.jpg


Burjul Ain Tower - Eye of Ajman

Ajman - A residential Paradise

Ajman is a city with complete vision, a city that demands and delivers quality. From the moment you enter Ajman, you'll start to experience a truly unique feeling. Whether for business or pleasure, Ajman is rich with every contemporary comfort, and offers a lifestyle to match any of the world's most prestigious cities. Combining this traditional merchant's city, its seafaring heritage and the elegance of its architectural towers, with pristine sandy beaches and turquoise seas. Ajman is host to some of the mist ambitious and famous projects in the world.
Burjul Ain Tower
All apartments have been designed with space, light and style in mind. With such fantastic views of the marina and the ocean, the defining features of the Burjul Ain is the large windows and plentiful balconies
Inside the apartments, contemporary styling opulently use of marble, granite, wood and stainless steel asre used to enhance the gracious room sizes.
Features
·Health Club
·Car parking
·Retail Outlets
·Mosque
·Resident Visa
·High speed Elevators
·High Quality fittings
·Swimming Pool
·24hr Security Service
·Sauna
·Jacuzzi
Payment Plan
Booking5%
After 30 Days 5%
40 Monthly Payments 2%
Possession10%

Pre Launch Prices (excluding Car Parking)

Studios (432 Sq ft) from AED 565 sq ft. AED 244,080 / £ 33,900
1 bedroom (From 690 Sq Ft) from AED 555 sq ft. AED 382,950 / £ 53,187
2 bedroom (1,068 Sq Ft) from AED 545 sq ft. AED 582,060 / £ 80,841

Car Parking: AED 35,000
Floor Charges (from the 9th Floor): AED 1,000 per floor


Source
http://www.findaproperty.com/displayprop.aspx?edid=09&salerent=0&pid=2182900&agentid=16393

very strange name, but good looking tower :cheers:

The developers are Global financial solutions. I have brought a studio apartment on the 14th floor of Burj ul ain Tower. Has anyone else brought from them? They are also planning to release a twin tower which is the plot next to this project.

With the £ now only getting 6.5 aed. Everything has gone up 10% in three weeks. This must be impacting on sales in lesser Emirates than Dubai or could Ajman now be more attractive because of cheaper prices.

--------------------------------------------------------------------------------

Hi everyone,

I'd like to introduce myself. I'm a Sr. Property Consultant with Gowealthy.com.
We have just opened a new office in Ajman with focus on expanding the property market here. We have done a significant amount of research and as a company feel that Ajman is a fabulous investment for now and the future. If anyone has any questions pertaining to the market or properties please feel free to message me. We will be launching multiple projects within Ajman in prime locations and will be able to help you with you choices.

We have access to full buildings, Plots and multiple projects.

Our first launch will be the following:

PreLaunch Offer!
Right before Cityscape!

Enter Raffle to WIN a FREE studio when you purchase a unit!!!

PreLaunch will be a 3 day event starting on Thursday Sept. 25 10:30 am- 4PM and through Saturday Sept. 27, 2008 4:30pm-11PM.
Venue Emirates Hotel Towers
Time: 10am to 11pm

Exclusive!

Smart Towers Bldg 5

Details:

Location: Ain of Ajman
G+6+25
450 units
Views: Lake, Road and Building
Studios- 628 sqft and 632 sqft
1 beds- 794-913 sqft
2 beds- 1334-1153 sqft
LG Technology
Construction to start early 2009
Completion early 2012
Starting at 585/ sqft. for units
Starting at 565/ sqft for full floors.

Add 2 dhs per floor

Giga Project Exclusively with Gowealthy!
Please be sure to ask for me when visiting or you can contact me at
050-105-2325.

Best regards

--------------------------------------------------------------------------------

Hi everyone,

I'd like to introduce myself. I'm a Sr. Property Consultant with Gowealthy.com.
We have just opened a new office in Ajman with focus on expanding the property market here. We have done a significant amount of research and as a company feel that Ajman is a fabulous investment for now and the future. If anyone has any questions pertaining to the market or properties please feel free to message me. We will be launching multiple projects within Ajman in prime locations and will be able to help you with you choices.

We have access to full buildings, Plots and multiple projects.

Our first launch will be the following:

PreLaunch Offer!
Right before Cityscape!

Enter Raffle to WIN a FREE studio when you purchase a unit!!!

PreLaunch will be a 3 day event starting on Thursday Sept. 25 10:30 am- 4PM and through Saturday Sept. 27, 2008 4:30pm-11PM.
Venue Emirates Hotel Towers
Time: 10am to 11pm

Exclusive!

Smart Towers Bldg 5

Details:

Location: Ain of Ajman
G+6+25
450 units
Views: Lake, Road and Building
Studios- 628 sqft and 632 sqft
1 beds- 794-913 sqft
2 beds- 1334-1153 sqft
LG Technology
Construction to start early 2009
Completion early 2012
Starting at 585/ sqft. for units
Starting at 565/ sqft for full floors.

Add 2 dhs per floor

Giga Project Exclusively with Gowealthy!
Please be sure to ask for me when visiting or you can contact me at
050-105-2325.

Best regards

An OK tower only

Prices are on the way up, launches were from around 480 aed 4 months ago in this type of development, after Cityscape I wonder where prices will end

Carparking is probably extra as well as it is nott mentioned

Hi ThePoint, just to address your post.
Yes you are correct, parking is 35k. We are not charging extra for views.
The payment plan is : 5% booking, 5% after 30 days and 5% every quarter thereafter. 20% on completion. The payment plan on parking is 5K on booking and with the payments. Completion 2012. We are backing this project due to that fact that it is a strong developer who has already demonstrated activity and delivery in the past. This tower is also completely equipped with LG Smart Technology thoughout the building and units. Hope this helps clarify a bit. Thanks

I suppose this forum was not for Advertising and selling properties.

Press Release

Bonyan awards earthworks contract to RAM Road Contracting L.L.C for AED 3.5 billion ‘Eye of Ajman’ project

Developer generates widespread interest among investors for flagship project during ‘Cityscape Dubai 2008’

October 12, 2008

Bonyan International Investment Group (Holding) L.L.C, one of the leading real estate companies in Dubai, has announced that it has awarded the earthworks contract for its flagship AED 3.5 billion ‘Eye of Ajman’ development, to RAM Road Contracting L.L.C. The developer has completed its successful participation in Cityscape Dubai 2008 where it showcased the few remaining plots within the ‘Eye of Ajman’ project. The contract is aimed at leveraging the high level of interest generated in the emirate, following the recent signing of an AED 7.34 billion contract between Ajman’s government and Malaysia-based power producer Malaysian Mining Corporation (MMC) to build the first coal-fired power plant in the region.

The new power plant, which is expected to generate one gigawatt of electricity as early as 2012, will ensure stability in the emirate’s power supply, and is in line with Bonyan’s commitment towards ensuring continuous electricity supply upon occupancy in its offered plots. Prior to this, the Ajman Government had also undertaken an agreement with the Federal Electricity and Water Authority (FEWA) in Ajman to construct two power plants, which are set to commence operations within the next few months in order to supply electricity to the existing real estate developments until the MMC plant is completed. Bonyan’s ‘Eye of Ajman’ project is currently one of the largest master developments in Ajman and is reflective of the growth and potential within the emirate.

“Ajman is an emirate that is developing at a fast rate, with upgrades on basic utilities and services actively being undertaken by the government, which is being recognised by global and regional developers, investors and end-users,” said Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group (Holding) L.L.C. “Through the ‘Eye of Ajman’, we are in a position to offer the best investment opportunities to customers who can acquire plots on a 100 per cent freehold basis through attractive payment terms. Furthermore, our presence in this year’s ‘Cityscape Dubai’ provided us an excellent opportunity for potential customers to take advantage of Ajman’s investor-friendly property laws and reliable public utility services by availing of the special prices, which we had marked for the remaining plots in ‘Eye of Ajman’ solely for the event.”

With current prices of properties in Ajman amounting to merely a third of Dubai-based investments, the emirate has emerged as one of the fastest developing real estate hubs in the Northern Emirates. Designed to offer investors strategically located lands to accommodate modern residential and mixed-use developments, the ‘Eye of Ajman’ project is set to welcome customers who are seeking to avoid the rising property prices in Dubai. Amidst the favorable market landscape in the emirate, Bonyan’s impressive community development stands as a testament to its strong presence as a leading developer within a highly dynamic market. The contract with RAM Road Contracting L.L.C is in line with Bonyan’s commitment to develop the complete infrastructure within the ‘Eye of Ajman’ project by 2010.

“Our ’Eye of Ajman’ project emulates the outstanding potential of the emirate of Ajman in terms of growth as well as its aggressiveness in attracting new and established investors. This project is a testimony that Ajman is headed for continuous growth on account of its development, and we are expecting our strong presence as a leading developer in this highly dynamic real estate market to be one of the driving forces of its economic success,” concluded Atatreh.

With a clear objective to become one of the top five developers across the region, Bonyan has pioneered one of the first towers for long-term lease in Sharjah and was responsible for building a number of luxury residential and high profile commercial developments in the UAE, Qatar and Lebanon. To date, Bonyan has developed AED 3 billion worth of residential and commercial developments in Dubai, including Rose Tower and Lulu Tower, and is currently undertaking regional projects with aims of expanding its project portfolio to reach AED 10 billion in 3 years.
- ends -

Bonyan International Investment Group (Holding) L.L.C.
Bonyan International Investment Group (Holding) L.L.C. started its activities in 2002 and is now being considered as one of the leading real estate groups in the Middle East. The Group’s main activity is the development of real estate projects through ownership, partnership, or as development consultants. Offering a full suite of integrated and research-based services, the Group leverages several partnerships and strategic alliances with key regional and international business partners. Its wide array of value-added services include real estate project development, project management and value engineering, sales and marketing, as well as investment and feasibility studies, which are being offered to individual, corporate and institutional clients and partners. With offices in Dubai, Abu Dhabi, Muscat, Qatar, Riyadh and Amman, the company is playing an integral part in the development of the real-estate market in the region.


http://img300.imageshack.us/img300/5272/image01wz1.jpg (http://imageshack.us)

http://img515.imageshack.us/img515/2552/image02os5.jpg (http://imageshack.us)

good news for ajman rapid growth ...

Above picture is not from Eye Ajman project, this is taken from emirates lake towers.

Press Release

Bonyan offers attractive payment plan for remaining plots within ‘Eye of Ajman’ project

Developer aims to attract high profile investors during ‘International Property Show - Dubai 2009’

February 14, 2009

Bonyan International Investment Group (Holding) L.L.C, one of the leading real estate companies in Dubai, has announced that it will be offering special rates for the remaining plots within ‘Eye of Ajman’ project during its participation at the ‘International Property Show - Dubai 2009’. The developer’s stand B8, which is located in Hall 3 of the Dubai International Exhibition Centre, will feature the 6.27 million sq. ft. master development and its prime freehold multi-purpose plots. With aims of broadening its network by attracting high profile investors, the developer is optimistic that it will witness high visitor footfall at the event, which opens tomorrow and runs until February 17, 2009.

Located 20 minutes from Dubai, the ‘Eye of Ajman’ project is an accessible community development, which is comprised of well-appointed plots to provide an outstanding site for mixed-use developments, with a strategically outlined network of roads to facilitate smooth traffic within the city. The developer has recently completed the earthworks on the entire project, which include allocated plots to accommodate the construction of commercial, residential, offices and hospitality developments that vary from (G+5P+17) and (G+9P+60). Upon completion, the community development will have a total built up area of 38 million sq. ft, and will house schools, hotels, a mosque, clinic, health club and an electric sub station amidst a sprawling urban landscape.

“Ajman is an emirate that is developing at a fast rate, with upgrades on basic utilities and services actively being undertaken by the government, which is being recognised by global and regional developers, investors and end-users,” said Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group (Holding) L.L.C. “Through the ‘Eye of Ajman’ project, we are in a position to offer the best investment opportunities to customers who seek to acquire plots on a 100 per cent freehold basis and via attractive payment terms. Our presence at the ‘International Property Show - Dubai 2009’ will provide an excellent opportunity for potential customers to take advantage of Ajman’s investor-friendly property laws and reliable public utility services by availing of the special prices, which we have marked for the remaining plots within ‘Eye of Ajman’ solely for this event.”

With current prices of properties in Ajman amounting to merely a third of Dubai-based investments, the emirate has emerged as one of the fastest developing real estate hubs in the Northern Emirates. Designed to offer investors strategically located lands to accommodate modern residential and mixed-use developments, the ‘Eye of Ajman’ project is set to welcome customers who are seeking to avoid the high property prices in Dubai. Amidst the favorable market landscape in the emirate, Bonyan’s impressive community development stands as a testament to its strong presence as a leading developer within a highly dynamic market.

“’Eye of Ajman’ emulates the outstanding potential of the emirate of Ajman in terms of growth as well as its aggressiveness in attracting new and established investors. This project is a testimony that Ajman is headed for continuous growth on account of its openness to development, and we are expecting our strong presence as a leading developer to be one of the driving forces of its economic success. We are looking forward to gain excellent sales within ‘International Property Show - Dubai 2009’ by leveraging the attendance of many prospective clients within this high-impact event,” concluded Atatreh.

With a clear objective to become one of the top five developers across the region, Bonyan has pioneered one of the first towers for long-term lease in Sharjah and was responsible for building a number of luxury residential and high profile commercial developments in the UAE, Qatar and Lebanon. To date, Bonyan has developed AED 3 billion worth of residential and commercial developments, including Rose Tower and Lulu Tower, Dubai Gate 1 and 2, Sharjah Gate, ABBCO Tower and is currently undertaking regional projects with aims of expanding its project portfolio.

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Press Release

Construction work progressing steadily on Bonyan’s flagship project ‘Eye of Ajman’

Developer aims to leverage 2.4 per cent projected growth for the UAE economy in 2009

April 14, 2009

Bonyan International Investment Group (Holding) L.L.C., one of the leading real estate companies in Dubai, announced that the construction works on its flagship project - the ‘Eye of Ajman’ - is progressing at a steady pace, in line with its aims to hit the community development’s delivery deadline. The developer also revealed its plans to leverage the 2.4 per cent growth, which industry experts are expecting the UAE economy to witness in 2009. With heightened focus towards attracting more investors amidst the current economic climate, the developer will be offering special rates for the remaining plots within the ‘Eye of Ajman’ project at the upcoming ‘Cityscape Abu Dhabi 2009’, slated to run from April 19 - 22, 2009 at the Abu Dhabi National Exhibition Centre.

Bonyan company officials are confident that the UAE property market has strong potential to stabilise within a period of around 8 to 12 months, based on market indicators and current industry trends. In addition, the ongoing financial crisis has catalysed fundamental changes in the real estate landscape in the country, thereby reshaping it to become more challenging yet remaining attractive to investors from across the globe. In line with this, Bonyan has previously announced its plans to fully leverage the signed agreement between the Ajman Government and Malaysia-based power producer Malaysian Mining Corporation (MMC) to build the first coal-fired power plant in the region, which will ensure uninterrupted power supply for projects in Ajman including ‘Eye of Ajman’. Further, the recent introduction of the Ajman Real Estate Regulatory Authority (ARRA) is set to provide a boost to the Ajman property market.

“Our focus at this stage is to ensure that the construction process in our ‘Eye of Ajman’ project is proceeding without interruption, and we are proud that our plans for this ambitious project is on track,” said Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group (Holding) L.L.C.. “We remain vigilant in terms of leveraging all available resources as well as the initiatives taken by the UAE Government to provide a strong boost to the real estate market, and we are optimistic that we will be among the leading developers to enjoy continuous success during and after this challenging period.”

The ‘Eye of Ajman’ project boasts of outstanding features including the breathtaking lake and garden views for all the towers, ample parking spaces for residents and visitors, and a well-planned layout for the roads within the community. Conveniently located approximately 20 minutes from Dubai, the project is at the Al Hamidiyah region and 10 minutes from Ajman Corniche, and offers a total of 109 plots, which can accommodate buildings that ranges from G+5P+17 to G+9P+60. Upon its completion, the community development will offer a total built-up area of 38 million sq. ft, which will house schools, hotels, a mosque, clinic, health club and an electric substation.

“In addition to the government’s multibillion dirham initiatives to improve infrastructure, we are also keen on leveraging the excellent investment opportunities, which are being made available to facilitate convenient acquisition of properties for both local and international investors. We are banking on Ajman’s growing repute as an important hub for real estate investments in the region, amidst the continuous development of modern infrastructure for communications, energy, water, social and health services being witnessed across the emirate,” concluded Atatreh.

Press Release

Bonyan Group to showcase ‘Eye of Ajman’ project at ‘Cityscape Abu Dhabi 2009’

Developer to offer special rates for remaining plots within massive community development

April 18, 2009

Bonyan International Investment Group (Holding) L.L.C, one of the leading real estate companies in Dubai, has announced its plans to showcase ‘Eye of Ajman’ project at the upcoming ‘Cityscape Abu Dhabi 2009’, which will run from April 19 - 22, 2009 at the Abu Dhabi National Exhibition Centre. With aims to attract more investors amidst the current economic climate, the developer also revealed that it will be offering special rates for the remaining plots within the massive community development. Company officials have disclosed that the earthwork for the project has recently been completed and that they are gearing up to commence the second phase of construction.

Located approximately 20 minutes from Dubai at the Al Hamidiyah region and 10 minutes from Ajman Corniche, the ‘Eye of Ajman’ project incorporates a total of 109 plots, which can accommodate buildings that ranges from G+5P+17 to G+9P+60. During its participation, Bonyan Group will highlight the outstanding features of its high profile city development in its stand (6D20, Hall 6), including the outstanding lake and garden views for all the towers, ample parking spaces for residents and visitors, and a well-planned lay-out for the roads within the community. The developer is also aiming to ensure, that motorists and pedestrians can easily move around the city, which is also easily accessible via the Emirates Road.

“Amidst the challenges within the real estate market, our continuing operations, as well as our participation in events such as ‘Cityscape Abu Dhabi 2009’, underlines our unwavering commitment to deliver our project and meet the expectations of our investors,” said Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group (Holding) L.L.C. “We aim to assist willing investors to acquire a high potential investment within ‘Eye of Ajman’ by offering special rates, thereby making it an even more attractive option to foreign and regional investors. We are confident that we will gain excellent sales within the event.”

Recent developments in the construction progress of the master-planned city development include the awarding of the earthworks contract to RAM Road Contracting L.L.C.. Furthermore, the developer also announced its aims to fully leverage the signed agreement between the Ajman Government and Malaysia-based power producer Malaysian Mining Corporation (MMC) to build the first coal-fired power plant in the region. Upon the completion of this energy initiative, all tenants within the ‘Eye of Ajman’ project will have continuous electricity supply for their comfortable use.

“As a result of the various initiatives of the Ajman Government to advance the emirate’s infrastructure; end-users, investors and businessmen from across the globe are steadily taking notice of Ajman as a viable destination for their various endeavours. As part of our growth strategy, we fully support all of the efforts being undertaken by the Ajman Government, and we pledge to continually build a lasting and positive reputation for the emirate through the quality and international appeal of our projects,” concluded Atatreh.

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Dear All,
Am new to this forum but am seeking your help, am not sure of the information but I heard that one of the property owners in Dubai Gate 2 has filed a case against Bonyan and has won it, most probably through arbitration, am not sure if Bonyan have already paid him or have settled with him outside of court, but if anyone has any information or is able to obtain any information to who this guy is I would really appreciate it if it can be shared.
I think its about time we take action and if it is true and if anyone has already done it, it would be great to know who his lawyer is and how he managed to do it as this would support the case am planning to file. I seriously hope they didn’t settle with him as then it will be very difficult to get any information or help from this guy due to confidentiality agreements that they might have asked him to sign. And in case he reads this forum or anyone knows him I would really appreciate it if you can send me a private message as I need your help. Am an investor that never dealt in properties and have only bought this unit for my own personal use and have used up all my saving to do so in the hope of getting an apartment and not have to pay rent which I guess didn’t work out, so I would really appreciate your help as I just managed to get the necessary funds to take the matter to court.