An agreement worth 2.7 billion dirhams to develop an upscale destination in Al Zorah City in Ajman

Ajman, 29 January / WAM / Al Zorah Real Estate Development Company, the joint venture between the Government of Ajman and Solidere International, signed an agreement to acquire a plot of land with Samana Real Estate Development Company, in order to develop an upscale, multi-use coastal destination on the waterfront in Al Zorah City, at a value of 2.7 billion dirhams.

The agreement was signed in the presence of Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Board of Directors of Al Zorah Real Estate Development Company, by Dr. Nasser Al-Shammaa, Chairman and CEO of Solidere International, and Imran Farouk, CEO of Samana Real Estate Development Company, along with a number of senior executives from both sides.

Sheikh Rashid bin Humaid Al Nuaimi welcomed Samana Real Estate Development Company’s joining of Al Zorah City, stressing that the coastal project contributes to expanding the range of options available to investors and those wishing to live, and reflects Al Zorah’s commitment to developing upscale residential environments based on achieving a balance between innovative urban design and nature. The project also embodies a shared vision with Samana Company to develop integrated communities that combine luxury and practicality, while adhering to the principles of sustainability and environmental responsibility.

The new project includes more than 2,000 residential units and is located on a distinctive plot of land on the waterfront in the heart of Marsa Al Zorah 1, extending over an area of ​​576,908 square feet, in a location characterized by its picturesque nature, views of the marina, and its direct proximity to the natural mangrove reserve.

This strategic location reflects the vision of Al Zorah City as a nature-focused destination that combines modern lifestyles with environmental preservation.

The total area allocated for sale in the project is scheduled to reach approximately 1.43 million square feet, of which 65,000 square feet are allocated for commercial spaces, to be developed as an integrated, mixed-use coastal community that includes apartments, branded residential units, and hotel services, along with townhouses and villas, in addition to a selection of commercial spaces.

Residents of the project will benefit from an integrated lifestyle system that includes direct access to the Al Zorah Golf and Yacht Club, a championship golf course, and a dedicated walking and cycling path extending over a length of 10 kilometers, within an integrated environment that promotes healthy lifestyles and outdoor activities.

The project is also based on the advanced infrastructure of Al Zorah City, its vast green spaces, and urban planning that focuses on ease of transportation, privacy, and quality of life.

Dr. Nasser Al-Shammaa said that Solidere’s global journey is based on strong partnerships and a proven track record in developing prominent projects with an exceptional focus on quality, and confirms the commitment of Al Zorah City to working with leading partners to create long-term value and develop distinctive projects that enhance Al Zorah City’s position and attractiveness as a leading coastal destination.

For his part, Imran Farouk expressed his happiness at signing this agreement with Al Zorah at a pivotal stage in which the Ajman real estate market is witnessing remarkable growth, with the volume of real estate transactions increasing by 37% over the past year. As buyer preferences evolve, this project offers a unique concept of resort-style living, with private pools and luxury amenities within an environment that provides direct access to a championship golf course and protected natural mangrove areas. “By combining innovation in design with the tranquil character of Al Zorah City, we offer distinctive value to investors looking for an integrated, healthy, and highly private lifestyle.”

Samana Real Estate Development Company is entering Al Zorah City supported by strong momentum in the market, after it ranked fifth among the best-selling developers of off-plan projects in Dubai during the year 2025, with total sales amounting to 7.1 billion dirhams, and a project portfolio worth exceeding 17 billion dirhams.

This strong track record, coupled with Al Zorah City’s established position as one of the UAE’s most prominent coastal destinations, enhances the project’s long-term investment appeal.

The project will be developed according to advanced design principles and sustainable construction practices, in line with Al Zorah’s upscale real estate portfolio, which includes the completed Golf Estates project, Zoya Spa, and Zoya Beach Resorts, which includes the Four Seasons Resort. Together, these projects constitute an integrated model of a modern destination based on nature, luxury, and an upscale coastal lifestyle.

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