Dubai - Tameer Holding (Tameer) has announced that it is opening the entire residential component of its latest project - the Dh1.2 billion Al Ameera Village in Ajman - for sale from today on the first day of the Cityscape exhibition in Dubai.
The sale of 42 heritage-styled buildings and 161 plots in Al Ameera Village, is among the largest single releases of freehold residential real-estate ever in the Middle East. A senior spokesperson of the company also announced that advanced earthworks for the development was currently underway, the project is due to be completed by the end of 2007.
Omar Ayesh, President, Tameer said, "As with all our projects, Al Ameera Village too has been conceived as a dynamic infrastructure development that is strategically located and offers an attractive Return on Investment to investors. Reflecting the forward-looking and investor-friendly outlook of the Government of Ajman, Al Ameera Village is located close to the bustling metropolis of Dubai, while retaining the languid charm of a seaside development."
Al Ameera Village in Ajman is a mixed-use infrastructure development on the Emirates Road, a mere 15 minutes from the Dubai International Airport, and spans an array of heritage styled residential buildings, a five star hotel, hotel apartments and a shopping mall across an area of 500,000 square metres.
"The 42 buildings that will open for sale tomorrow range in height from 3-10 floors. Each of the 161 plots that constitute the development are 10,000 sq. ft in area, and will be sold to developers for the construction of buildings up to 10 floors in height," he added. Tameer, which has been incorporated as a partnership between the leading Al Rajhi Investment Group in Saudi Arabia and Tameer Real Estate Establishment, had announced that its investment portfolio in an array of trailblazing projects across the UAE has crossed over Dh40 billion.
© Khaleej Times 2005
