10 November 2008
Aqaar, an Ajman-based leading real estate and property development company, has broken ground on Phase II of its maiden project Ajman One, a fully-integrated business and hospitality complex.

The Dh75-million enabling work contract has been awarded to Ajman-based Piling Tech, with mobilisation already commenced by the firm.

Ajman One's Phase II comprises three office towers called Apex Business Towers. The towers will house 640 offices. Rami Dabbas, CEO of Aqaar and Head of Real Estate Development, Adia, said: "Ajman One Phase II is the first commercial hub of its kind in Ajman, and is envisaged to become one of the top business hubs in the area. With its business-friendly regulations, location in Ajman's newest free zone - the Ajman One business district - and proximity to Dubai International Airport, Sharjah International Airport and four world-class ports, Ajman One will be the ideal base for investors and businesses alike."

By Staff Writer

© Emirates Business 24/7 2008