THE AVENUES Retail Outlets & Warehouses

Transcription

1 THE AVENUES Retail Outlets & Warehouses

2 Project Description Commercial Complex with BUA of 470,000 sqft. The project consist of 23 showrooms/ retails spaces and 12 attached warehouses. The showrooms to be used for multiple purposes ie. car showrooms, furniture, textile, departmental stores, supermarkets, cafes and restaurants. Expected handover date April May Project Location: The project has a strategic location in Al Jurf Industrial area directly on the main street between Sheikh Mohamed Bin Zayed Street and Al Etihad Street with a 500 meter long directly to the main road. The project is between the growing industrial area in Ajman and the new Ajman residential area. Nearest Landmarks: - In front of China town. - Al Etihad street: 3 mins. - Sheikh Mohamed Bin Zayed street 5 mins. - Al Zoarah Compound and golf area 3 mins. - Ajman University, GMC University, Khalifa hospital 5-7 mins. 2

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7 Why Ajman The Emirate of Ajman is characterized by, a strategic location, a well-developed infrastructure comprising port, roads, transport and industrial areas, an attractive investment environment as well as economic policies that enhance economic development. The Government of the emirate plays an active role in directing economic development, determining its path, vision, objectives and provides all the facilities and incentives to encourage investment and attract investors. Ajman is known for its low relative cost. Growth of Ajman has a witnessed economic boom that fostered all economic sectors, the emirate s GDP grew at an annual average rate of 11% during the period The economy of the emirate of Ajman is composed of a range of key sectors that include by the manufacturing sector with a relative contribution of 35% to GDP during the year 2013, followed by the construction sector, ( 15%,) the wholesale and retail trade and repairing services ( 13% ), real estate and business services (11%) and the transport, storage and communications sector ( 6%). The emirate s exports, including re-export recorded a high growth rate of 53% during the second quarter of Ajman vision 2021 has set the future directions for the development of the emirate in line with the vision of the United Arab Emirates 2021 and based on the realization of sustainable development. Ajman vision has targeted five strategic sectors, namely: industry, tourism, transport and logistics, outsourcing and the media industry. In comparison to the other emirates within the UAE, statistics showed that Ajman achieved the highest growth rate of economic development over the past several years. Due to the increased economic development more than 100 nations around the world now receive exports from the emirate. 9

8 Statistical data Number of Licenses Issued in Ajman: Economic activity has recorded significant growth since 2009, with average annual growth of approx 8%, this reflects the attractiveness of investment environment and the service offered at Ajman. 17,873 17,048 21,799 23,088 24, Number of Building Permits: New building permits are at their highest in the last 3 years, which has spurred construction activates in Ajman Residential/ Commercial Commercial Population: The total population in Ajman is estimated to be 327,000 increased by an annual average rate of 11.4% 250, , , , ,

9 Statistical data 35,462 Lease Agreements: The total numbers of lease agreements have jumped since economic revival in 2011 by a record 221% reaching 35,462 in 2012 primarily driven by affordable rents in Ajman. 16,707 13,199 11,020 19, % Rents (Q Q ): Residential rentals in Ajman have increased sharply following rise in rents in neighboring Emirates, hover growth rate has halved due to steep growth since % 9% 8% Studio 1BR 2BR 3BR 11

10 Residential Buildings Occupancy Rate Ser Location Occupancy Rate 1 Cornich 96%-98% 2 Rashidiya 98%-100% 3 Rawdha 98%-100% 4 Al Sawan 98%-100% 5 AL Rumailah 98%-100% 6 Naemiyah 98%-100% 12

11 Profile of key off-plan Developments Projects in Ajman Ser Project Name Location Units (approx) Expected Delivery 1 Ajman Pearl Towers Mushierif 5,500 Sept, Ajman One Towers Al Sawan 3,000 Q Lilies Towers Emirates City 720 Q City Towers Shk. Khalif St 2,160 Q Paradise Lake Towers Emirates City 3,000 3 Q Q Q Majestic Towers Emirates City 1, Q Concour Tower NK Mall Mushierif Tower Mushierif Ajman Corniche Residences Corniche 1,600 Q Jasmin Towers Al Jurf 1, Total 16,605 13

12 Contact H&S Real Estate Registered Brokers for all Major Developers in Dubai Contact now! Phone: Mobile: Mobile: info@hsproperty.ae Shop 6-A Ground Floor Smart Heights Damac Tecom.P.O.Box Dubai - UAE. Tel: , Fax