May 17, 2023
With new projects, Ajman developers target affordable home sales – and rents too
Adding to Ajman’s mix
By December, one Ajman developer, GJ Properties will have more homes ready for occupancy. Its Rose Tower project should be ready by then, and with prices starting Dh445,000. Another one, called the ‘Gulf Tower’, is also aiming for an end-of-year completion, and has prices at Dh479,000. On the completed side, GJ has its Gulfa Towers, where units would be Dh550,000.
The developer as well as its peers will take a lot of boost from the Ajman Department of Economic Development’s data that shows 1,500 new licences were issued to businesses during Q1-2023, higher by 13 per cent on Q1-2022.
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