$398 Million Total Transactions in March for Ajman Real Estate | Kanebridge News
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$398 Million Total Transactions in March for Ajman Real Estate

Ajman’s real estate sector saw a robust growth during March 2024, with property transactions reaching $398 million.

Mon, Apr 15, 2024 5:31pmGrey Clock < 1 min

The Ajman real estate sector exhibited strong growth, in March 2024, with the total property transactions reaching AED 1.46 billion, marking a nearly 50% increase from the previous year.

The Department of Land and Real Estate Regulation in Ajman recorded 1,169 transactions in this period. Engineer Omar bin Omair Al Muhairi, the department’s Director-General, noted that the transaction volumes were approximately AED 1.03 billion during this time.

Engineer Omar bin Omair Al Muhairi, the department’s Director-General

Favorable Investment Conditions

Engineer Al Muhairi highlighted that Ajman’s real estate sector is thriving due to its competitive advantages and supportive investment climate, which continue to attract investors across various property types.

The highest transaction in March was a sale in the Al Helio 1 area, amounting to AED 72 million. Additionally, mortgage transactions also rose, with 168 mortgages recorded in March, having a total value exceeding AED 280 million; the largest of these was AED 20.9 million in the Al Rawda 1 area. According to official data, Al Yasmeen was the most traded neighborhood, and Ajman One was the most active major project in the month.

 

 



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Tonino Lamborghini Unveils New Luxury Residences in Ras Al Khaimah

Tonino Lamborghini recently revealed a new luxury project comprising 241 units in Ras Al Khaimah, developed in partnership with Arista Developments.

Tue, May 21, 2024 2 min

Named the Tonino Lamborghini Residences, this project promises a fresh take on luxury living with its iconic design, cutting-edge amenities, and stunning sea views.

Set on Al Marjan Island, the development is adding 241 high-end units to the area’s real estate offerings, all reflecting the sleek, Italian elegance associated with the Lamborghini name.

These residences are designed to impress, featuring modern architecture that harmonizes with the scenic surroundings and interiors marked by meticulous craftsmanship and top-quality finishes.

Living in this one of the project’s units means access to a range of upscale amenities: a state-of-the-art fitness center, multiple swimming pools, beautifully landscaped gardens, and dedicated areas for children’s play. The complex also offers a business center with a conference room, an outdoor BBQ area, and a chic café, catering to all aspects of high-end living.

Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan, expressed excitement about the introduction of Tonino Lamborghini Residences to Al Marjan Island, noting the project’s blend of sustainable construction and smart home technologies. This integration, he mentioned, guarantees a luxurious lifestyle equipped with the finest modern amenities, reflecting the exquisite Italian craftsmanship. He is confident that this new venture with Arista Developments will significantly boost the allure of Al Marjan Island as a top lifestyle destination in Ras Al Khaimah for both investors and residents.

Tonino Lamborghini, President of the Tonino Lamborghini brand, said: “We are delighted to be among the pioneers in this remarkable new destination in one of the seven emirates of the UAE. Our heartfelt gratitude and recognition go to H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, for his visionary leadership and foresight, and for embracing innovative strategies to revitalize a region full of potential.”

Mr. Arthur Chu, Chairman of Arista Developments, highlighted the project’s ambition to capture the essence of the Tonino Lamborghini brand in every aspect of its design. He described the development of a prestigious residential tower on Al Marjan Island that will reflect the lifestyle and beauty synonymous with Lamborghini. From the sharp, well-defined lines of the exterior to the elegantly designed interior common areas, every detail is crafted to showcase the brand’s distinctive elegance and sophistication. Chu emphasized that the interior designs, personally crafted by Tonino Lamborghini, aim to fully immerse residents in the Italian brand’s luxurious identity.

The variety in housing options is vast, ranging from one and two-bedroom apartments to duplexes, sea view villas, signature villas, and exclusive penthouses.

The collaboration between Tonino Lamborghini and Arista Developments blends iconic Italian style with expert real estate craftsmanship. This venture marks Lamborghini’s first introduction to Ras Al Khaimah and represents a commitment to setting new standards in luxury and modern living.

 

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