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Property Details
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| Land overlooking the Arabian Gulf |
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| Location: | Ajman, Ajman, Ajman, UAE |
| Price: | £ 45,000,000 |
| Property Type: | Land |
| Sale Type: | Land |
| View: | Sea |
| Condition: | Excellent |
| No. of beds: | Studio |
| Floor Space: | 57600 m2 |
| Furnished: | Unfurnished |
| Property View: | Sea |
| Distance from the Sea: | Walking |
| Distance from the Airport: | 30 mins |
| Distance from a Golf Course: | 45 mins |
| Distance from a Main Attraction: | Walking |
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The plot of land is located on the prime Ajman Corniche Road overlooking the Arabian Golf. It has the advantage of Freehold Status with Residency Visas for individual units and the plot has a double frontage (roads on the front and back) giving good views and space between adjacent and opposite buildings. Ajman has seen a sharp increase in prices and end user prices on the Corniche range from AED 550 to AED 850 per sq ft.
Detailed information
The land has permission for a mixed used scheme, which may consist of retail (ground and lower floors) and residential/commercial on the upper floors.
The whole area on and around the Corniche is being developed and the new Ajman Marina project is going to enhance the whole area. With an increase in business and tourism around the Corniche, the demand for high end real estate is going to rise.
There is now an opportunity to take advantage of the rising Ajman Real Estate Market by building a Landmark Tower on this prime plot on the Corniche.
The built up area will range from 1.2 million to 1.6 million sq ft depending on the developers proposal (subject to approval) and the land will be priced accordingly on a 12 month payment plan.
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