Al Naeymiyah Towers is the first freehold residential development in the city of Ajman. It will contain 15 freehold residential apartment buildings, each 70 meters (230 feet) tall and with 16-storeys. Each storey will contain 4 apartments with 1, 2, or 3 bedrooms from 794 to 2,366 square feet. Each apartment will contain two balconies, a maid's room and en-suite bathrooms.

Al Naeymiyah Towers are being built in two phases. Phase 1 will consist of 7 towers and will be completed by November 2005, while phase 2 will comprise of the remaining 8 towers and is set to be completed by August 2006. The initial price for a large two-bedroom apartment was AED 282,000 (US$ 77,000), while a three-bedroom flat opened at AED 369,000 ($US 100,100).

Amenities at Al Naeymiyah Towers include central air-conditioning, ceramic tiles, 24-hour maintenance and security, and three high-speed elevators. The towers will be easily seen across Ajman's skyline and they will be built in the Al Naeemiyah area of Ajman, in close vicinity to a number of schools and the GMC Hospital.

The Pearl Residence
Three towers from Al Naeymiyah Towers phase 2 were purchased by Star Giga Establishment Ltd. These towers were renamed The Pearl Residence and are set to be completed by October 2006.

Expected Completion Date - August 2006
Real Estate Developer - National Center for Real Investment
Location - Al Naeymiyah, Ajman, United Arab Emirates