#PROJECT: AJMAN UPTOWN

[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.

[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

[abf]

Imre your pictures here are as usual very informative
Is there more information about the developers?what protection is offered to investors in Ajaman - sales people in order to close a deal sometimes give very misleading information. Also is there a website for this project?

[djamel05]

Originally Posted by abf

Imre your pictures here are as usual very informative
Is there more information about the developers?what protection is offered to investors in Ajaman - sales people in order to close a deal sometimes give very misleading information. Also is there a website for this project?

The website:
http://www.ajmanuptown.com/

[abf]

djamel05 -many thanks

[njagesha]

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

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

[uaeprop]

Thank you and appreciate the pictures showing site preparation & clearance.

Appreciate if anyone has insight on when some sort of registration or a formal contract will be issued. All we have from Sweethomes is a two page piece of paper showing the sale of the unit....but my understanding is that there is a more formal contract involved.

The people at the sales office initially said that they had to wait for the Ajman land department to approve the layout plan etc. but by now with the official launch completed, I would imagine the layout is approved.

I'm posting the Tender Out for this project - I was under the strong impression that Adnan Saffarini Engineering was the Consultant, based on early conversations with Sweethomes but these tender summaries show that one has not been appointed. Perhaps the firm was just used as architects? For instance, Adnan Saffarini has been listed as the lead consultant in similar documentation for The Boulevard.

1. PROJECT NUMBER: SPR868-U
NAME: AJMAN UPTOWN DEVELOPMENT PROJECT
Description: Development of Ajman Uptown scheme comprising a self-sustained residential community involving construction of (1504 Nos.) two-storey villas and townhouses, each consisting of two-five bedrooms and five-bedroom VIP villas; (7 Nos.) four-storey buildings that are expected to include retail shops, offices and residential units connected by a single 1.15-kilometre pedestrian pathway.
Budget $: 6812000000
Date of Posting: 12/5/2007
Period: Dec. 2010
Territory: United Arab Emirates
Client: Sweet Homes Real Estate (Ajman)
City: Ajman
Country: United Arab Emirates
Phone: (+971-6) 746 5661
Fax: (+971-6) 746 5662
Contact Person/ Website: http://www.sweethomesuae.com
Category: Housing Projects , Hotels , Leisure
Consultants: No Consultants assigned
Contractors: No Contractors assigned
Status: New Tender
Last Updated: 12/5/2007
Remarks: This project is in Ajman. The development will cover an area of approximately 4 million square metres directly accessible from Emirates Road and adjacent to Emirates City. It will also comprise a school, healthcare centre, a fire fighting station, several mosques, health and recreation club, a swimming pool, markets, shopping mall, hotel & hotel apartments’ complex, and a number of lush and parks.

Lastly, I came across this rendering of Ajman Uptown on the net,
http://www.plunder.com/Ajman-Uptown-...oad-102341.htm

You can play it without saving it to your desktop... takes time, lot of stop and go...but once the entire loop is completed, the second time around it should play smoothly from your cache. This may be an early rendering that is no longer valid.

Looks OK, a lot more congested than I would liked to see.

Pls excuse the long post - but hope it helps others who've invested.

[mikeysmyth]

I am interested to know how people rate Ajman Uptown as an investment.

Here are the pros and cons as I see them - please help me decide:

PROS
Large and reasonably priced villas in a community


CONS
Far from Dubai - not that close to Ajman even
In the middle of the desert
Little of no infrastructure
Poor Road system


Given that, how do you think prices will rise or not rise and as an invester, could I put my money elsewhere and get better returns ?

[ferrari430]

Yes I agree with your negative points more than positives. I think its taking a higher degree of risk.

1)Who will fill up these villas in Ajman?
2)There will be enough reasonably priced property in Dubai by 2010-2012 as the supply hits in and prices are probably corrected.
3)These villas although cheaper but putting into context its the same price that arabian ranches was selling for 3 years ago in dubai.

If Ajman can succeed with good infrastructure, new businesses and can attract the rich - only then would the prices appreciate significantly. I am not saying that it cant be done - but the risk factor is high.

[nihad]

booming projects for ajman...

[propertyhouse]

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

Huma

[mwafak]

i'm really intrested to buy one villa from Sweethomes but which is bitter to buy it in Ajman up town or they new villas that is coming in Emirates City..... The other question i have i bought one appartment in lavender tower when is the best time to sell an appartment.

[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 swetharaj

Iam an investor and bought villas in the pre-launch price. When I bought the property the developer told me that the launch will be on 1 septemeber. In case you are interested in buying a villa, please let me know.

HI I DONT KNOW IF YOU HAVE ANYTHING LEFT. COULD YOU LET ME KNOW IF YOU HAVE ANYTHING REMAINING AND IF SO WHAT PRICE YOU WOULD BE WANTING ?. I AM IN DUBAI BETWEEN THE 16TH- 22ND MAY.

KIND REGARDS

WASEEM

[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

[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.