British boxing sensation enters ring to promote Dh200m project in Ajman

Dubai: British boxer Amir Khan has lent his name to a new Dh200 million tower in Ajman, the latest in a long line of sports personalities wanting to dabble in real estate.

The proposed Tejarah Executive project will be a 25-storey commercial tower located in Marmooka City, Ajman. The project is a joint venture by UAE-based developers Profile Group and Moosa Group Enterprises.

First venture

Construction will start in the first quarter of 2009 and will take about two years to complete, according to Reeyaz Mousa, group chairman and chief executive of Moosa Group.

It is Khan's first real estate venture.

"I wanted to do this because in the future I want to invest here [in the UAE]. And there's great investment [opportunity] here," he told Gulf News.

There is talk in the camp of setting up an Amir Khan Boxing Academy at Dubai Sports City to promote the sport in the country.

"We spoke to them [Dubai Sports City] and we're still in talks. Dubai isn't a popular place for boxing but there's even a UAE professional boxer.

"Any [link] with Dubai Sports City, will make boxing more popular," Mousa said.