Ajman One is a mixed use real estate development project being built in the city of Ajman, United Arab Emirates. The AED 2.7
billion (US$ 720 million) freehold development will cover an area of 72 thousand square meters (775 thousand square feet) and will be located at the entrance of the coastal
border with Sharjah.
Ajman One will consist of 3,000 apartments from studios to 3 bedroom ranging from 48 to 160 square meters (516 to 1,722 square feet) in its 12 residentail towers.
The project will also inlcude a hotel (1st Hotel), freehold commercial tower (No.1 Business Tower), service apartments, a lease apartment tower and a shopping mall (Firstpoint
Mall). Pricing for the apartments have started from AED 330 per square foot. The freehold apartment apartments were starting at AED 225,500 for studios, AED 324,500 for one-bedrooms,
AED 484,000 for two-bedrooms, and AED 893,200 for three-bedrooms.
Ajman One is being built in 2 phases. Phase 1 is expected to be completed by 2009, with the development of all the 12 residential towers, while phase 2 will
be the completion of the other buildings. It is being built by Aqaar, a semi-government company associated with the Ajman Investment and Development Authority that was formed
Expected Completion Date - In 2010 Real Estate Developer - Aqaar Properties Location - Al Suwan, Ajman, United Arab Emirates