Berjal City, a project of Saudi-Emirates collaboration invests more than Dhs15bn

Today Berjal Real Estate and Al Rashid Real Estate launch one of the largest real estate projects in the Emirate of Ajman, Berjal City.

The two companies announced the project of selling of lands for investors and real estate developers.

Berjal City is located in an extremely vital location on the main Emirates Road just beside the Emirates City in Ajman.

Berjal Real Estate, one of the most important real estate companies in Saudi Arabia, is developing and paving the infrastructure of the project and is providing all the necessary services needed. Al Rashid Real Estate, a developing and real estate marketing company in the Emirate of Ajman, is exclusively marketing this vital project.

Earlier, Yasir bin Abdullah Alnimr, the GM of Berjal Real Estate and Ahmad Alkaabi, the Chairman of Al Rashid Real Estate announced the details regarding the investment plan and selling strategy of the project.

During the conference, Abdulla Al Nasir the executive director of Berjal Real Estate explained the multi purpose project, which include 123 land plots earmarked for residential towers and commercial, administrative uses; that provides good opportunities for real estate developers to invest in the purchase of land to achieve highly promising investment returns due to the vital location of the project.

'Berjal City' provides 30 million feet of land for investment in which investors from all the nationalities will have a free hold permit. He also said that the Berjal Company chose the Emirate of Ajman for this unique project due to the fertile environment which is highly promising with the highest investment returns, specially being in a vital location on the Emirate Road.

The project is providing the investors with multiple choices to invest on these plots by building commercial and residential towers ranging between 19- 60 floors with various sizes and its expected that the investment volume will exceed Dhs15bn.

The GM of Berjal Real Estate ,Yasir Al Nimr said that 60 % of the total area will be earmarked for green hills and lakes to be enjoyed by the city residents.

He continued saying that this project of the company provides soft methods of payment to investors, allowing them to pay in installments of up to 30 months without interest. Berjal has a distinguished and marked presence in the UAE market through multiple real estate projects since quite long a time and Berjal City is another vital step of the company towards its remarkable presence and proof in the UAE market ,and still more projects to follow .

After purchasing the land, the company is now paving and preparing the infra structure taking into account the distinctive ways in which all the towers and magnificent buildings will be designed with fantastic water parks and green spaces to provide maximum comfort for the residents of the city. The paving of ground configuration to the investors will be completed in two months.

Ahmad Al Kaabi, Chairman of Al Rashid Real Estate said that his company will be exclusively marketing the project of Berjal City inside and outside the country in different ways based on the long-standing experience in the field of development and marketing stressing on the latest successful project which is fully sold to nvestors in Ajman. It contains 91 residential, commercial and administrative towers. The investors will start the construction in two months, beside that the city will include the first unique shopping center in the world in coordination with the most famous designing companies.

Ahmad Al Kaabi added that his company is currently marketing more than 35 real estate projects in the UAE including towers, villas and lands. Al Rashid Real Estate will market the plots of Berjal City internationally by contributing in the coming real estate exhibitions in different countries including South Korea from 23-28 june 2008,and other countries of Saudi Arabia, Qatar and Pakistan.

He also expressed his thanks to Berjal Real Estate which is highly famous in the Saudi market for their trust in Al Rashid Real Estate capabilities and selecting them for marketing this project, which intern will add a lot to the real estate market inside the UAE.

After the growing importance of the real estate market in the UAE and the great development drive in the recent years and its attractiveness to investors from all countries of the world, its worth mentioning that Berjal of the Saudi Real Estate company has many projects here and has recently opened an office in Dubai.

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