2009 will probably go down in history as the most challenging year ever for the property sector in the UAE. While the rest of the nation had to face the prospects of an erosion of overall market confidence driven by the global financial crisis, the Northern Emirates, especially Sharjah, was pulled down by infrastructural shortcomings.
INFRASTRUCTURE work on Phase Two of Al Marjan Island will commence this month as similar work is ongoing on the first phase, according to Rakeen, developer and planner of the first-of-its-kind man-made island in Ras Al Khaimah.
THE first phase of the Dh3.3-billion ($898- million) Ajman One, a premier residential, commercial and hospitality project, will be completed on schedule by the first and second quarters of 2011, says its developer. Ajman One is the flagship project of Aqaar Properties in Ajman. The Dh1.7-billion ($462.
WORK on Ajman Uptown, a Dh3.5 billion ($953.7 million) community project, is on schedule, according to the developer Sweet Homes Holdings (SHH).
