Dh3.5b ‘Eye of Ajman’ project launched

Strategically located along Emirates Road in Al Hamidiyah area, the development is Bonyan’s first project in Ajman and will comprise residential, office, hospitality and retail plots, says a Press statement here yesterday.

The community development will have a total built up area of 38 million square feet, 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 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,” he said.

“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,” he added.

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 roadshow in Dubai today and at the upcoming Cityscape Abu Dhabi.

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.

“We are steadily building a reputation among investors and developers for our world-class approach to master-planned community developments,” Atatreh said.

With a clear objective to become one of the top five developers across the region, Bonyan has developed Dh3 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 Dh10 billion in 3 years.