Business | Property
Sweet Homes's new contracting division to build Ajman Uptown
Real estate developer Sweet Homes has awarded a Dh2.2 billion contract to Sweet Homes General Contracting (SHGC) for the construction of its flagship project - Ajman Uptown.
- Staff Report
- Published: 00:08 July 14, 2008
- Image Credit:
Dubai: Real estate developer Sweet Homes has awarded a Dh2.2 billion contract to Sweet Homes General Contracting (SHGC) for the construction of its flagship project - Ajman Uptown.
SHGC is a new division of the Sweet Homes Group (SHG) launched during the groundbreaking ceremony to commemorate the start of construction work on the Dh3 billion township in Ajman.
The newly appointed contractor is set to commence the construction of the project from its initial phases (excavation, shoring, soil improvement and foundation work) to the main and the final construction stages.
Sales and marketing
In addition to the construction of the project, the group is also highly involved with the sales and marketing of the project through Sweet Homes Real Estate Marketing.
Prior to the groundbreaking, SHGC completed the soil investigation in addition to the early phases of excavation and construction of a site office.
With high expectations to hit its target delivery 36 months after the completion of the initial groundwork, the developer is in the process of commissioning partners, suppliers and subcontractors to be involved in the construction, through Sweet Homes General Trading.
Adnan Saffarini has been appointed primary consultant for the planning, designing, and supervision of the project.
Fahad Sattar Dero, CEO, Sweet Homes Group, said, "It is indeed an exciting phase for the group to start working on the realisation of this project. Our keenness to develop projects of remarkable concept, design and quality has motivated us to expand our operations.
"As we mark the launch of Sweet Homes General Contracting, I proudly announce that Sweet Homes has taken an enormous step, which will take us further into our foremost goal of providing promising investment opportunities with high percentages of returns."
Facilities
Ajman Uptown will offer 1,504 villas and townhouses and seven buildings, a hotel and hotel apartments.
The township will also have a shopping mall, mini mall, hospital, health club, two mosques and a school.
The landscaped project will have a complete road network, electricity, water and other infrastructure. The township is spread over four million square feet and is accessible from Emirates Road and is adjacent to Emirates City.
Sweet Homes offers a flexible four-year self-financed payment scheme, which allows investors to pay up to 50 per cent of the price until the project's completion, 25 per cent upon delivery and 25 per cent after the handover.
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