Bonyan International Investment Group (Holding) L.L.C, one of the leading real estate companies in Dubai, has announced that it will be offering special rates for the remaining plots within ‘Eye of Ajman’ project during its participation at the ‘International Property Show - Dubai 2009’. The developer’s stand B8, which is located in Hall 3 of the Dubai International Exhibition Centre, will feature the 6.27 million sq. ft. master development and its prime freehold multi-purpose plots. With aims of broadening its network by attracting high profile investors, the developer is optimistic that it will witness high visitor footfall at the event, which opens tomorrow and runs until February 17, 2009.
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 recently completed the earthworks on the entire project, which include allocated plots to accommodate the construction of commercial, residential, offices and hospitality developments that vary from (G+5P+17) and (G+9P+60). Upon completion, the community development will have a total built up area of 38 million sq. ft, and will house schools, hotels, a mosque, clinic, health club and an electric sub station amidst a sprawling urban landscape.
“Ajman is an emirate that is developing at a fast rate, with upgrades on basic utilities and services actively being undertaken by the government, which is being recognised by global and regional developers, investors and end-users,” said Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group (Holding) L.L.C. “Through the ‘Eye of Ajman’ project, we are in a position to offer the best investment opportunities to customers who seek to acquire plots on a 100 per cent freehold basis and via attractive payment terms. Our presence at the ‘International Property Show - Dubai 2009’ will provide an excellent opportunity for potential customers to take advantage of Ajman’s investor-friendly property laws and reliable public utility services by availing of the special prices, which we have marked for the remaining plots within ‘Eye of Ajman’ solely for this event.”
With current prices of properties in Ajman amounting to merely a third of Dubai-based investments, the emirate has emerged as one of the fastest developing real estate hubs in the Northern Emirates. Designed to offer investors strategically located lands to accommodate modern residential and mixed-use developments, the ‘Eye of Ajman’ project is set to welcome customers who are seeking to avoid the high property prices in Dubai. Amidst the favorable market landscape in the emirate, Bonyan’s impressive community development stands as a testament to its strong presence as a leading developer within a highly dynamic market.
“’Eye of Ajman’ emulates the outstanding potential of the emirate of Ajman in terms of growth as well as its aggressiveness in attracting new and established investors. This project is a testimony that Ajman is headed for continuous growth on account of its openness to development, and we are expecting our strong presence as a leading developer to be one of the driving forces of its economic success. We are looking forward to gain excellent sales within ‘International Property Show - Dubai 2009’ by leveraging the attendance of many prospective clients within this high-impact event,” concluded Atatreh.
With a clear objective to become one of the top five developers across the region, Bonyan has pioneered one of the first towers for long-term lease in Sharjah and was responsible for building a number of luxury residential and high profile commercial developments in the UAE, Qatar and Lebanon. To date, 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, ABBCO Tower and is currently undertaking regional projects with aims of expanding its project portfolio.
About Bonyan International Investment Group (Holding) L.L.C.
Bonyan International Investment Group (Holding) L.L.C. started its activities in 2002 and is now being considered as one of the leading real estate groups in the Middle East. The Group’s main activity is the development of real estate projects through ownership, partnership, or as development consultants. Offering a full suite of integrated and research-based services, the Group leverages several partnerships and strategic alliances with key regional and international business partners. Its wide array of value-added services include real estate project development, project management and value engineering, sales and marketing, as well as investment and feasibility studies, which are being offered to individual, corporate and institutional clients and partners. With offices in Dubai, Abu Dhabi, Muscat, Qatar, Riyadh and Amman, the company is playing an integral part in the development of the real-estate market in the region.
