What are the key commercial real estate developments currently underway in Ajman?
Ajman, the smallest emirate in the UAE, has emerged as a dynamic hub for commercial real estate, attracting both local and international investors. With a strategic location, investor-friendly policies, and robust infrastructure, Ajman offers a fertile ground for commercial property developments. This article delves into the key commercial real estate projects currently underway in Ajman, highlighting their significance and impact on the emirate's economy.Built Environment Magazine
1. GJ Properties’ AED 4 Billion Investment Plan
GJ Properties, a prominent developer in Ajman, has announced an ambitious investment plan amounting to AED 4 billion for 2025–2026. The company aims to launch approximately 10 new projects, collectively offering around 4,500 units catering to diverse lifestyle needs across the UAE. This expansion underscores Ajman's growing appeal as a real estate investment destination.Built Environment Magazine
2. Al Zorah Development: A Mixed-Use Free Zone
Al Zorah is a large-scale, mixed-use development project in Ajman, covering 5.4 million square meters. The development includes residential, commercial, and leisure components, with 60% of the land dedicated to mangroves and public spaces. The Avenues, a 2-kilometer stretch within Al Zorah, comprises retail and leisure developments, enhancing the commercial appeal of the area. Wikipedia
3. Emirates City: A Visionary Urban Project
Emirates City is an ambitious residential and commercial development featuring 92 mixed-use towers ranging from 20 to 60 floors. Located along the Emirates Road, the project is strategically positioned to connect Ajman with other emirates, facilitating business and trade. The development aims to create a self-sustained urban community with integrated commercial spaces. Ajman Real Estate+4Wikipedia+4Wikipedia+4Wikipedia+1Wikipedia+1
4. Al Helio 1 & 2: Emerging Commercial Hubs
The Al Helio areas have witnessed significant commercial activity, with Al Helio 2 leading in the number of real estate transactions. These neighborhoods are becoming attractive for businesses due to their strategic locations and growing infrastructure. The government's focus on developing these areas further enhances their commercial viability. Smart Key Realty+5Economy Middle East+5Ajman Properties+5
5. Ajman One – Phase 2: Commercial Townhouses
Ajman One – Phase 2 introduces commercial townhouses in the Al Rashidiya 3 area, offering units with an area of approximately 5,047 sqft. These units are designed to cater to various business needs, providing flexibility for entrepreneurs and investors. The project's strategic location in a bustling district makes it an attractive investment for businesses aiming to establish a presence in Ajman. Smart Key Realty+1Ajman Real Estate+1
6. Al Zahya & Al Amerah Commercial Plots
Ajman offers prime commercial plots in areas like Al Zahya and Al Amerah, suitable for mixed-use developments. These plots provide opportunities for investors to develop commercial ventures that cater to the growing demand in these neighborhoods. The strategic locations ensure easy access to major highways and residential communities, enhancing the attractiveness of these plots. Ajman Properties+3Smart Key Realty+3Ajman Real Estate+3
7. Ajman NuVentures Centre Free Zone
Launched in November 2024, the Ajman NuVentures Centre Free Zone offers office and co-working spaces to investors. In its first two months of operation, the center attracted 450 new businesses, reflecting the demand for flexible business setups in Ajman. The free zone's offerings align with the emirate's vision to foster entrepreneurship and commercial growth. Oxford Business Group
8. Grand Mall Ajman: A Commercial and Residential Complex
Grand Mall Ajman is a multifaceted development that combines shopping, entertainment, and residential spaces. The complex includes 409 apartments, 163 commercial offices, and 90 shops, along with restaurants, a hospital, and a multi-level movie theater. This integration of commercial and residential elements enhances the mall's appeal as a commercial hub in Ajman. Wikipedia
9. Ajman International Airport: Catalyst for Commercial Growth
The ongoing construction of Ajman International Airport is set to be a significant driver of commercial development in the emirate. With an expected capacity of 1 million passengers and 400,000 tonnes of cargo annually, the airport will facilitate increased trade and tourism. Surrounding areas are anticipated to experience growth in commercial activities, including hotels, restaurants, and retail outlets. Wikipedia
10. City Centre Ajman: Retail and Commercial Expansion
City Centre Ajman, owned and operated by Majid Al Futtaim, is the largest mall in the emirate, featuring 79 stores, a Carrefour hypermarket, VOX Cinemas, and 18 dining outlets. The mall's ongoing expansion aims to enhance its retail and commercial offerings, attracting more visitors and businesses to the area. Wikipedia
Conclusion
Ajman's commercial real estate sector is experiencing significant growth, driven by strategic developments and government initiatives. Projects like GJ Properties in Ajman' investment plan, the Al Zorah and Emirates City developments, and the establishment of free zones are transforming the emirate into a thriving business hub. With continued infrastructure improvements and investor-friendly policies, Ajman is poised to become a key player in the UAE's commercial real estate landscape.
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