Mohamed Al Hamidani, Chairman,  UAE-based real estate developer, who is putting in  Dh1.5bn in a freehold property in Ajman  
UAE-based real estate developer, Falcon Eye is investing Dh 1.5 billion in a commercial and residential development, ‘Ajman Gate', in Ajman. The property comprises two towers which will have connecting cable work between them creating a gate-like structure that overlooks the entire master development. Real estate project's architect, designer and engineering consultant is Adnan Saffarini, whose portfolio includes a number of prestigious high-rise properties in Dubai.

Mohamed Al Hamidani, Chairman, Falcon Eye said: "The Ajman freehold property sector is no longer just a residential hub to provide low income housing for the working class. At the same time, the demand from the commercial sector has stemmed out from the success of its residential projects. There is a considerable demand to relocate back office functions to Ajman as is common practice globally. Hence, the Ajman Gate design offers a mix of both commercial office modules and residential apartments."

Each tower will have a total built up area of 872,500 square feet, for a combined 1,750,000 square feet, with over 2,400 units and office modules with an equal amount of parking bays. The projected timeline for the complete sell out of all the properties at Ajman Gate is two years, with the completion of construction and delivery of the entire project set within the next four years.

SV Development