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ARRAExecutive Director Yafea Eid Al Faraj inspects construction progress of ‘AjmanUptown’ project

Posted Tue 12 Jun 2012 08:02:33 pm in News, Business | By Dubib.com News Desk

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(fromleft to right) - Yafea Eid Al Faraj, Executive Director of the Ajman RealEstate Regulatory Agency (ARRA) and Fahad Sattar Dero, Managing Director andCEO, Sweet Homes.

Completionof 200 first stage units of the 600 phase one villas in September 2012 reflectsfast track progress of AED 2.2 billion 1,504 villa project

 

 June12, 2012

 

SweetHomes Holdings (SHH), a leading UAE-based developer and multi-service provider tothe real estate sector, has revealed that a team from ARRA lead by Yafea Eid AlFaraj, Executive Director of the Ajman Real Estate Regulatory Agency (ARRA),recently visited and checked on the construction progress of the AED 2.2billion ‘Ajman Uptown’ project. The master community development is thecompany’s only private villa project in the emirate. Present during theExecutive Director’s visit were Sweet Homes officials headed by its Chairman,Abdul Sattar Dero; Fahad Sattar Dero, Managing Director and CEO; Sarwat Husain,Group General Manager; Mohammed Shubair, General manager technical; ShahidJaved, Financial Controller; Ruksana Sultana, Project Manager and YasserArafat, Construction Manager. Also present were the team of engineers thatincluded Engr. Awny Abu Zayed, Technical Manager; Engr. Adnan Saffarini; Engr.Saleh Hasnain and representatives of Ajman Bank, the Escrow Account custodianof Ajman Uptown.

 

ExecutiveDirector Yafea Eid Al Faraj was accompanied by senior ARRA officials thatincluded Khaldoun Abbas, Escrow Account Officer; Mohammad Jamal, Legal Advisor;Nasreen Al Sawan, Head of Engineering Department and Nael Al Amir, Media andPublic Relations Officer. The ARRA delegation was given a full briefing on thecurrent progress of the Ajman Uptown project, informing him that approximately200 units are on fast track for completion in September, 2012. According to themaster developer, the completion of 200 first stage units out of the 600 phaseone villas reflects the company's move to fast track development on the AED 2.2billion 1,504 villa project. Sweet Homes has also assured ARRA thatinfrastructure like electricity and water utilities will be completed as perpriorities. The project will also see the handover of one residential buildingand the opening of commercial outlets like a supermarket to help attract moreresidents to invest in the development. The inspection of ARRA's top officialis reflective of the Ajman government's continuing support towards the masterdevelopment initiative.

 

“Iam very pleased at the progress of the Ajman Uptown project, which will play amajor pivotal role in the move to position Ajman as an ideal residential havenin the UAE,” said Yafea Eid Al Faraj, Executive Director ARRA. “We look forwardto the coming completion of this project and also expect it to live up to itspromise of being a model residential and business community for Ajman. ARRAwill continue to give its full support to investors and developers includingSweet Homes for the successful completion of this mega project.”

 

Locatedright in the heart of Ajman, the Ajman Uptown project measures at four millionsquare feet and will offer  two, three and four-bedroom townhouses andexclusively designed five-bedroom VIP villas. The project takes on an overallconcept and design based on classic French architecture and prominentlyshowcases an ‘L’ Art De Vivre’ theme. The project is located at the tip of theintersection that is very close to leading industrial areas like the Al HamriyaFree Zone, the Ajman Industrial Area and the Sharjah Investment Park. Themaster development will house a school, a healthcare centre, a fire fightingstation, two mosques, a health and recreation club, a swimming pool, markets,shopping mall, hotel and hotel apartments, and convenient and spacious parksapart from the luxury apartments, boutique offices, G + 4 commercial andresidential buildings and a one kilometre shopping walkway.

 

“Wewould like to extend our thanks to Executive Director Yafea Eid Al Faraj and ARRA,who have always extended key support to us and our customers. The comingcompletion of the Ajman Uptown project demonstrates our steadfast commitment increating an ideal community that can help position the emirate as a keydestination point for the UAE and the rest of the region. Rest assured that therapid pace of construction of the first 200 units gives us the confidence thatwe will be able to meet out handover deadline by the end of 2012,” concludedFahad Sattar Dero, CEO, Sweet Homes.



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