Chapal World has put Ajman firmly in the spotlight at the Worldwide Property Show Dubai with its latest master development located on Emirates Road, adjacent to Emirates City in Ajman, Emirates Lake Towers. The AED 10 billion mega-development has a built up area of 21 Million Sq ft and is spread over 6 Million sq ft of land.
Also Included in the portfolio on offer at the World Wide Property Show in Dubai, are two projects, Chapal Corals and Chapal Dunes, residential freehold towers located inside Emirates Lake Towers community. Tremendous response and investor's enthusiasm at the exhibition show that they have been runaway successes as they provide investors a great opportunity to tap into UAE's booming real estate through an affordable project with huge potential appreciation, located in the fast developing emirate of Ajman.
Chapal World will continue to showcase the project at the Worldwide Property Show in Hotel Grand Hyatt Dubai till May 24, 2008. The exhibition is open to the public and is aimed at affluent national and expatriate investors interested in residential and commercial real estate.
The Emirates Lake Towers development is strategically positioned in Ajman off Emirates Road, the arterial highway that connects the seven emirates of the country. This puts it in close proximity to the Dubai and Sharjah International Airports apart from giving easy access to all the major commercial and residential centres of UAE. The project nestles in a picturesque landscape of blue lakes and green parks. The massive project will have 51 high rise towers designed for residential, commercial and retail purposes, as well as a 5 Star Hotel, a shopping mall, a school and a mosque.
Located within this project, Chapal Corals is a 30 storey tower with 472 apartments, designed to meet the needs of the value conscious customer. The prime location beside the lake, choice of spacious studio, 1, 2 bedroom units, and community style living enhances Chapal Corals' appeal to home owners as well as investors who are looking for a high potential investment prospect. Designed by the gifted architect Adnan Saffirini, Chapal Another project, being offered as pre booking, is Chapal Dunes. It sets the bar for residential development with its unique placement providing incredible panoramic views. Chapal World has integrated all facilities available in Dubai projects into the development, including parks, swimming pools, spas, library, golf zones, water games, gymnasium, executive suites, beside ensuring abundant parking.
Ajman is now going through a boom of its own with more than 55 development projects worth billions of dollars in the pipeline in the last two years. The rapidly developing emirate offers an irresistible combination of luxurious living at affordable prices on one hand, and a high return investment on the other. Rising prices of real estate in Sharjah, Dubai and Abu Dhabi have led to a focus of capital towards
Ajman. It helps that this was the second emirate to offer freehold property, has all the positives of Dubai without its high prices, and comes with a much more peaceful environment. The government of Ajman has taken advantage of all this development to realize its own ambitions of becoming a key tourist destination in the region by launching major tourism focused developments apart from universities, colleges, shopping complexes, and five star hotels.
This was confirmed by Mr. Kurram Wahid, Sales Director for Chapal World who said, "The advantage of freehold property laws in centrally located Ajman is attracting a huge number of investors and buyers.
Properties in Ajman are far more affordable than Dubai and often cost half as much, which makes it a perfect investment opportunity."
With such natural advantages to its benefit like its strategic geographical location, availability of essential raw materials, lower costs and excellent infrastructural facilities, Ajman will prove to be an ideal location for investment, and Chapal World invites you to be an integral part of the success story of Ajman.
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About Chapal World.
Chapal World is part of the reputed Chapal Group, an eminent global conglomerate established in 1968. The company entered the UAE property market in a big way with 20 billion dirhams worth of projects, managed from their worldwide offices in Dubai, London, Karachi and Singapore. The projects include the much talked about Chapal The Destiny in Dubai Sport City, and other trendsetting projects in the UAE, like Chapal The Glory, Chapal The Harmony, Chapal The Presidency, Chapal The Legacy and Chapal Emirates Point. The Group has seven companies - Chapal Builders and Developers, Chapal International Limited (Canada), C MAX Properties by Chapal, Chapal Real Estate Division, Haracks - The Chapal School, Best Emirates Real
Estate, and Chapal World.
© Press Release 2008
