Ajman, Feb 11th, 2009 (WAM)--The Ajman Real Estate Investment Establishment, owned by Ajman government, bought 'Marmooka capital' stake in luxurious city project, the master development in Ajman, at cost AED800 million.
Ghaleb Jaber, General Manager of the establishment, said the establishment has become the sole owner of the project, adding that the consultant office has been contacted to speed up construction of infrastructure. He added that he would hold meetings with minor property developers and land buyers over the project, and would also coordinate with Ajman Municipality to provide land to buyers with effect from next month. The total land area of prestigious city project, which is located at Emirates Roads, is 7.5 million feet square.Copyright Emirates News Agency (WAM) 2009.
