Ajman set to develop $272m housing project

18 October 2016

The 950,000 square metre project will consist of 729 units

The UAE ministry of Infrastructure development plans to build a $272m housing project in Ajman, according to state news agency WAM.

The project will be built under the Sheikh Zayed Housing Programme, which was established in 1999.

The 950,000 square metre project will consist of 729 units and will be developed in Ajman near the Al-Montezi area.

Since the establishment the Sheikh Zayed Housing Programme has developed $1.7bn worth of projects, including those currently under construction, according to regional projects tracker MEED Projects.

The UAE’s Majid al-Futtaim (MAF) recently appointed local contractor Khansaheb Civil Engineering Construction for work on the Ajman City Centre mall.

The deal for the $136m mall expansion was awarded to Khansaheb in June this year.

MAF is expanding the mall by 51,000 square metres to add 110 retail and dining units. The work will also include a car park expansion and all other associated facilities.

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