Bonyan Group launches AED 3.5 billion ‘Eye of Ajman’ project
Bonyan International Investment Group, one of the leading real estate companies of Dubai, has announced the launch of its ‘Eye of Ajman’ project - an AED 3.5 billion community development spread over 6.27 million sq. ft. and comprising of 109 multi-purpose plots. Strategically located along Emirates Road in the Al Hamidiyah area, the development is Bonyan’s first project in Ajman and will comprise residential, office, hospitality and retail plots. 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 road show at the Al Massa Ballroom, Monarch Hotel, Dubai on May 11, 2008, from 10 AM to 5 PM, and at the upcoming Cityscape Abu Dhabi, Stand 2A19, Hall Number 2.
Located 20 minutes from Dubai, the ‘Eye of Ajman’ project is an accessible community development, which is comprised of well-appointed plots to provide an outstanding site for mixed-use developments, with a strategically outlined network of roads to facilitate smooth traffic within the city. The developer has allocated plots to accommodate the construction of projects that vary from (G+5P+17) to (G+9P+60), and adequate planning has been undertaken to ensure that all plots enjoy stunning lake and gardens views with ample parking spaces allocated to residents and visitors alike. In addition, the developer has committed towards ensuring electricity supply upon occupancy in the plots, which are being offered on a 100 per cent freehold basis with attractive payment terms.
“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. 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.”
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. The community development will have a total built up area of 38 million sq. ft, 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 steadily building a reputation among investors and developers for our world-class approach to master-planned community developments. Our innovative concepts accompanied by our keen attention to detail in every aspect of our processes have always resulted in a unique but highly profitable investment prospects for our clients. In addition, our value-added services have also gained much appreciation for the outstanding conveniences they provide, thereby cementing our repute as a holistic property developer,” concluded Atatreh.
With a clear objective to become one of the top five developers across the region, Bonyan has developed AED 3 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 AED 10 billion in 3 years.
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