Sweet Homes, a leading UAE-based developer and multi-service provider to the real estate sector, announced that it has sold out two towers - 'A3' and 'B4', which are collectively valued at AED 70 million (approx. 13 mln.), within the Al Khor Towers development in Ajman.
The Al Khor Towers development in Ajman
As the exclusive marketing agent for the two towers, the company further revealed that delivery and handover of the two towers, which are ready for occupation, is slated for within four to six weeks from now. Launched in 2006 and offering 100% freehold status to residents, 'Al Khor Towers' is a project of Real Estate Investment Establishment (REIE), Department of Private Properties, Government of Ajman, that undertakes private real estate investments, and will comprise a total of nine 16-story apartment buildings located in the Al Khor area in Ajman.
'A3' and 'B4' are set to offer a total of 133 two- and three- bedroom apartments, with only a total of four apartments, ranging in size from 1,518-2,366 ft² (approx. 141-220 m²) on each floor. The modern residential units will incorporate two balconies and a maid's room with a bathroom, and chilled water central A/C and fresh air system. In addition, the project's facilities also include three high-speed elevators, 24/7-security system and open-air parking. Further, the ground floor of the A3 tower has a selection of retail shops as well.
"These projects mark our initial foray into the real estate sector in the UAE, and this success underlines our well-founded background in the real estate business, which continues to drive our growth as a leading real estate player in the country," said Fahad Sattar Dero, CEO, Sweet Homes Group. "Our partnership with Real Estate Investment also stands as a testament to our strategy, which involves forming business alliances with the most credible partners in the industry. We are proud of the sales success of these two towers, and we are looking forward to its delivery very soon."
Located close to the Etisalat building and Ajman City Centre, 'Al Khor Towers' offers excellent views of the Ajman Creek and is overlooking the Ajman beach. The project also sports the same design and layout as 'Al Nuaimiah Towers', which was another project launched by REIE in 2006 and marketed by Sweet Homes. Having successfully managed the sales of towers within these two high profile developments, Sweet Homes has attributed its success to its extensive experience in promotion, marketing and overall management of real estate projects in the region. Some of the other developments, which the company has successfully handled include 'International City', 'Rufi Twin Towers', 'DEC Towers', 'Corniche Towers', 'Falcon Office Tower' and 'Falcon Residential Tower'.
"We are proud to have made a significant contribution to the sales success of a well-planned residential complex project such as the 'Al Khor Towers'. Our capacity to provide outstanding marketing services, which offer customers the opportunity to find their ideal property investments while helping developers reach their targets, has been the primary driver of our su