#PROJECT: AJMAN UPTOWN

[djamel05]

Name of the project: Ajman Uptown

Location: On the right side of Emirates Road, Ajman, near Emirates City

Details: Total size of the Project is 3,5 ml sq.ft.

Project includes: 1299 (2,3 and 4 BR) residential villas +

G+4 buildings facing Emirates Road, mix use; Hotel & Shopping Mall; Health Center ( Clinic, Physiotherapy etc…);

Supermarket; Fire Station; Police post; School; Community Health Club & Swimming Pool and two Mosques

Freehold Project

Completion: December, 2009
Built Up Area for the Villas: from 1,068 sq.ft. to 2,440 sq.ft.
Price: AED 520/sq.ft. for Bulk Registration Block of Villas (min.10 villas)

AED 530/sq.ft. for individual Registration Block of Villa

Launching day (18th August, 2007) Price: AED 550/sq.ft for Bulk Sale
AED 560/sq.ft. for individual Sale

[djamel05]

More details on this new project on Ajman Property site:

http://www.ajmanproperty.com/ajman-v...illas-home.asp

[swetharaj]

Originally Posted by djamel05

More details on this new project on Ajman Property site:

http://www.ajmanproperty.com/ajman-v...illas-home.asp

Hi Djamel05,

Whats is your opinion on this project and the rates quoted? Is it a good project to invest?

[djamel05]

Originally Posted by swetharaj

Hi Djamel05,

Whats is your opinion on this project and the rates quoted? Is it a good project to invest?

Yes, I do believe that it is an excellent project to invest in. The only similar project to compare to is Al Salam City in Um Al Quwain (UAQ). Al Salam City has shown to be sold out in records time every time a new phase is put for sale, while the construction did not start to date. So coparing the two projects, I can say the following:

- The price per square foot is lower for Ajman Uptown,
- Ajman Uptown is much closer to Dubai, located at Emirates Road
- It is Freehold and not Leasehold as UAQ
- It seems to be of a higher quality than Al Salam project
- Villas with swimming pools will appreciate better
- I am not 100% sure but if developer confirms to be Union Properties, they have an excellent track record in their previous projects in Dubai

The last thing, this is the ever first freehold villa project outside Dubai and RAK. If the trend continues, most of freehold real estate will continue to be in towers and not villas which will keep the appreciation of villas much higher.

The area between Ajman and UAQ on Emirates Road will continue to be a magnet to new freehold projects because of its fast access and central location to Dubai and all northern Emirates, it will endup to be a new populated area similar to new communities rising in Dubai. I am sure that there are many other projects coming in the pipeline in this area.

[swetharaj]

Originally Posted by djamel05

Yes, I do believe that it is an excellent project to invest in. The only similar project to compare to is Al Salam City in Um Al Quwain (UAQ). Al Salam City has shown to be sold out in records time every time a new phase is put for sale, while the construction did not start to date. So coparing the two projects, I can say the following:

- The price per square foot is lower for Ajman Uptown,
- Ajman Uptown is much closer to Dubai, located at Emirates Road
- It is Freehold and not Leasehold as UAQ
- It seems to be of a higher quality than Al Salam project
- Villas with swimming pools will appreciate better
- I am not 100% sure but if developer confirms to be Union Properties, they have an excellent track record in their previous projects in Dubai

The last thing, this is the ever first freehold villa project outside Dubai and RAK. If the trend continues, most of freehold real estate will continue to be in towers and not villas which will keep the appreciation of villas much higher.

The area between Ajman and UAQ on Emirates Road will continue to be a magnet to new freehold projects because of its fast access and central location to Dubai and all northern Emirates, it will endup to be a new populated area similar to new communities rising in Dubai. I am sure that there are many other projects coming in the pipeline in this area.

Hi Djamel05,

Is it that latest information that you have posted about the project? I heard from someone in dubai that these villas are no more selling per sq.ft but instead as one villa price. Secondly there are no 1066 sq.ft villas and the minimum sq.ft for villa now is 1600+ sq.ft. Is this true?

But what do you think about the following:

#1) Is there a demand for the villas in this area?
#2) If the minimum sq.ft is 1600 then the price of the villa is about 900000+ AED. Is this affordable? Will people be able to buy it?
#3) Do you have any figures from the prices of the villas (per sq.ft) in Al Salam city?
#4) Heard that sweethomes is the builder of the villas. is this true?

[djamel05]

Originally Posted by swetharaj

Hi Djamel05,

Is it that latest information that you have posted about the project? I heard from someone in dubai that these villas are no more selling per sq.ft but instead as one villa price. Secondly there are no 1066 sq.ft villas and the minimum sq.ft for villa now is 1600+ sq.ft. Is this true?

But what do you think about the following:

#1) Is there a demand for the villas in this area?
#2) If the minimum sq.ft is 1600 then the price of the villa is about 900000+ AED. Is this affordable? Will people be able to buy it?
#3) Do you have any figures from the prices of the villas (per sq.ft) in Al Salam city?
#4) Heard that sweethomes is the builder of the villas. is this true?

Yes, I heard too that the small villas have been sold out.

Yes, there is demand for villas in this area as it has shown in the fact that all the phases of Salam city that were put for sale were sold. Al Salam city is a similar project of villas which is just few kilometers away on the same Emirates Road.

Villas, less than a million dirham are indeed affordable. Townhouses in Dubai in Springs project that are much smaller they are going now for 2.5 Million and more.

Salam city villas are also starting at 1,000,000 AED for units of size 1540 sqft which is basically at 650 Dhs/sqft (Al Waha Phase)

As for Sweet Home building it, I strongly doubt it.

[djamel05]

The web site for Ajman Uptown is: http://www.ajmanuptown.com/

[rbj]

tap in ajmanproperty.com and it has all the floor plans, pics , prices, etc etc. I am not saying buy from them , but they are always quite a good source of information

[cartographer5]

True the emirates road has been a magnet for various projects.More the reason to be careful in investing.Of the projects shown ajman uptown and ittihad village are from smaller developers .Also they are located on the fringes of ajman.lets see how they turn out.

[swetharaj]

Hi,

Does anyone know how this project is doing? Is there lot of demand in the market for these villas at this location?

[uaeprop]

Ajman Uptown's website shows that the official launch is scheduled for Nov 27th - ie today at the Kempinski.

While prices have risen moderately - based on quotes from around August vs. what's being asked now - the project itself seems to be off to a slow start. No word or pictures anywhere on site preparation. Perhaps with the official launch taking place things may start moving.

Official contracts have not been issued by Sweethomes - just the initial receipts acknowledging purchase. Sweethomes seems to be somewhat reputable, which is to say, at par with other developer's business practices in the region.

[djamel05]

Originally Posted by uaeprop

Ajman Uptown's website shows that the official launch is scheduled for Nov 27th - ie today at the Kempinski.

While prices have risen moderately - based on quotes from around August vs. what's being asked now - the project itself seems to be off to a slow start. No word or pictures anywhere on site preparation. Perhaps with the official launch taking place things may start moving.

Official contracts have not been issued by Sweethomes - just the initial receipts acknowledging purchase. Sweethomes seems to be somewhat reputable, which is to say, at par with other developer's business practices in the region.

You should know the drill: First pre-lunch, Second, official lunch, Third sales and a huge sign next to the plot. Fourth, once there is a very good percentage sold, construction will be started.

The time between official lunch and start of construction is around a year if the sales proceed as expected.

[bizzybonita]

Sweet Homes awards AED 2.2 billion construction contract for ‘Ajman Uptown’ project


Posted on Sunday, 13 July 2008

Industry SectorReal Estate
Country United Arab Emirates
Client(s) Sweet Homes Real Estate



Press Release Content

Sweet Homes General Contracting to commence construction of AED 3 billion township project.



Sweet Homes, a leading UAE-based developer and multi-service provider to the real estate sector, has awarded an AED 2.2 billion contract to Sweet Homes General Contracting LLC. (SHGC) for the construction of its flagship project - ‘Ajman Uptown’. The developer recently held a groundbreaking ceremony to commemorate the start of construction work on the AED 3 billion township project, which also served to mark the launch of SHGC, a new division of the Sweet Homes Group (SHG).

The newly appointed contractor is set to commence the construction of the project from its initial phases (excavation, shoring, soil improvement and foundation work) to the main and the final construction stages. In addition to the construction of the project, the Group is also highly involved with the sales and marketing of the project through Sweet Homes Real Estate Marketing division.

The groundbreaking was held in the presence of Fahad Sattar Dero, CEO, SHG; Ahmad Kaloosa, Project Manager, Eng. Adnan Saffarini Office; Fawad Sattar Dero, Director, SHGC; Eng. Sallah Ghaffor, Project Manager, SHGC; Eng. Fahim Kazi, Site Engineer SHGC and Saleem Vohra, Assistant Operations Manager, SHGC.

Prior to the groundbreaking, SHGC has completed the soil investigation in addition to the early phases of excavation and construction of site office. With high expectations to hit its target delivery 36 months after the completion of the initial groundwork, the developer is in the process of commissioning partners, suppliers and subcontractors to be involved in the massive construction of the project, through Sweet Homes General Trading LLC (SHGT), a new division of SHG. Further, Eng. Adnan Saffarini Office has been appointed as the primary consultant for the planning, designing, and supervision of the project.

Speaking at the groundbreaking, Fahad Sattar Dero, CEO, Sweet Homes Group, said, “It is indeed an exciting phase for the Group to start working on the realisation of this project. Our keenness to develop projects of remarkable concept, design and quality has motivated us to expand our operations. As we mark the launch of Sweet Homes General Contracting, I proudly announce that Sweet Homes has taken an enormous step, which will take us further into our foremost goal of providing promising investment opportunities with high percentages of returns.”

As the in-house contracting arm of the Group, SHGC is expected to maintain the high quality standards being implemented across all projects through the leadership of a highly qualified and experienced team of engineers and technicians using the most modern equipment and machineries.

Handpicked based on their outstanding background and qualifications, the team of experts designated to manage the new arm are fully equipped to undertake the challenges involved in the massive construction of the township project. A total of 300 engineers, project managers, site supervisors, quantity surveyors and construction workers will make up the new division.

“Through the launch of Sweet Homes General Contracting, we have further strengthened our position as a credible solutions provider for the property industry. Through the collaboration of highly specialised divisions, the Ajman Uptown project will witness the highest level of industry expertise and will be built with optimized resources. As we continue to embark on a journey that continuously brings us opportunities to expand our reach, our strategy is to build our reputation as a company that places a premium on quality workmanship and on-time delivery,” concluded Dero.

‘Ajman Uptown’ is set to offer a total of 1,504 G+2 villas and townhouses and 7 G+4 buildings, a Hotel and Hotel Apartment building, Shopping Mall, Mini Mall, Hospital, Health Club, 2 Mosques, School, Landscaping, and complete network for roads, Electricity, Water and other infrastructure, spread over 4 million square feet of land that is directly accessible from the Emirates Road and adjacent to Emirates City.

Taking inspiration from classic French architecture, the project offers 8 different types of two, three and four-bedroom townhouses and exclusively designed five-bedroom VIP villas, all carrying the overall theme ‘L’ Art De Vivre’ or ‘Redefining the Art of Living’. Bringing more value to its offerings, the developer also offers a unique flexible four-year self-financed payment scheme, which allows investors to pay up to 50 per cent of the value until the project’s completion, 25 per cent upon delivery and the remaining 25 per cent after the handover.

[propertyhouse]

Hi I have 4 villas in this project for sale - if n e one is interested please let me know.

Huma

[mwafak]

Originally Posted by propertyhouse

Hi I have 4 villas in this project for sale - if n e one is interested please let me know.

Huma

is it ok you can call me 0505592212 or you can send me a mail malmhayni@emdad.ae

[zakenterprises]

Originally Posted by propertyhouse

Hi I have 4 villas in this project for sale - if n e one is interested please let me know.

Huma

HI THERE I HAVE SEEN YOUR POST AND WAS WONDERING WHAT VILLAS YOU HAVE FOR SALE AND WHAT PRICE YOU WERE LOOKING FOR? LET ME KNMOW MANY THANX

WASEEM

[Imre]

Press Release

HH Sheikh Ammar bin Humaid Al Nuaimi unveils AED 2.5 billion ‘Ajman Uptown’ project

Sweet Homes launches first freehold villa and residential community located in Ajman

November 28, 2007


HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman
(center) and Abdul Sattar Dero, Chairman, Sweet Homes Group of Companies
(third from the left) along with dignitaries at the launch of Ajman
Uptown.



Artistic impression of Ajman Uptown




HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, unveiled yesterday (November 27, 2007) ‘Ajman Uptown’, an AED 2.5 billion residential township located in Ajman and being developed and promoted by Sweet Homes. The launch of the first freehold villa and townhouse community in Ajman was held at the Ajman Kempinski Hotel and was attended by representatives from the Ajman Government, dignitaries, leading business figures, and top management officials from ‘R Holdings’ and Sweet Homes Group & Real Estate Investment Establishment. The launch of the project follows the successful near sell out of ‘Rainbow Towers’, the developers’ maiden offering, and the company now expects to achieve similar success for the ‘Ajman Uptown’ project.

‘Ajman Uptown’ is set to offer a total of 1,504 G+2 villas and townhouses and 7 G+4 buildings spread over 4 million square feet of land that is directly accessible from the Emirates Road and adjacent to Emirates City. Taking inspiration from classic French architecture, the project offers 8 different types of two, three and four-bedroom townhouses and exclusively designed five-bedroom VIP villas, all carrying the overall theme ‘L’ Art De Vivre’ or ‘Redefining the Art of Living’. Bringing more value to its offerings, the developer is also offering a unique flexible four-year self-financed payment scheme, which will allow investors to pay up to 50 per cent of
the value until the project’s completion, 25 per cent upon delivery and the remaining 25 per cent after the handover. The developer has announced that its offices are now set to accommodate interested customers for their queries and for viewing schedules.
Speaking at the launch, Fahad Sattar Dero, CEO of Sweet Homes Group, said: “The Emirate of Ajman has attracted considerable interest particularly from developers due to its potential to accommodate large-scale residential property developments that will address the burgeoning demand for luxurious living spaces in a suburban setting. ‘Ajman Uptown’ is a welcome addition to the emirate, and will serve to elevate Ajman’s real estate sector status and bring it on par with emirates like Abu Dhabi and Dubai. We are confident that our newest project will present investors with a unique community project that is faithful to our promise of redefining the art of living.”

Upon its completion by the end of 2010, the prime residential development will boast of a school, a healthcare centre, a fire fighting station, several mosques, a health and recreation club, a swimming pool, markets, shopping mall, hotel & hotel apartments complex and a number of lush and spacious parks. The seven buildings within the community are expected to include retail shops, offices and residential units and will be connected by a single 1.15 kilometre pedestrian pathway. Amidst the luxurious residential spaces and amenities, the townhouses are reasonably priced at AED 800,000 - AED 825,000 for two-bedroom units, AED 900,000 for three-bedroom units, AED 1.1 million - AED 1.45 million for four-bedroom townhouses and AED 3.5 million for the five-bedroom VIP villas.

“The ‘Ajman Uptown’ project is another realisation of our long term commitment to providing our customers with absolute exclusivity combined with the benefits of a freehold property, including resident status for the investors and their families. Ajman is a promising location for first-rate residential projects, which we have recognised and developed to bring to our clients an opportunity to experience the modern art of living. Our continuous commitment to offer value to our customers has inspired us to launch ‘Ajman Uptown’, where they can enjoy life’s simple pleasures within the comfort of a relaxed and secure community,” concluded Dero.

Fully committed to delivering results, Sweet Homes Group’s diversified business activities include general engineering and contracting, general trading, Media Communications, management consultancy, and the marketing and management of prestigious properties in the UAE. Through its wide spread network of real estate contacts, Sweet Homes has built a name based on its professional and efficient services, in addition to its reliance on highly innovative technologies. The company has previously completed sales for a host of prime developers and projects including Paradise Lake Towers, Corniche Towers, and Al Khor Towers.

[V Kapoor]

It is adjacent to EMIRATES CITY!!

Where excatly is it proposed ..... perhaps is we could see it on a map with locational reference to Emirates City!!

[Krazy]

wow that's ugly

[Imre]

groundworks already started

Ajman Uptown , just next to the Emirates City, Ajman

08/December/2007