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JCA Real Estate unveils AED 252 million Emerald Tower.

JCA Real Estate unveils AED 252 million Emerald Tower

* BSEL appoints JCA Real Estate as exclusive sales & marketing agents *

* For the first time in the history of Ajman real estate sector, guaranteed returns of 11%* Earthquake resistant structure* G+6 parking floors + podium floor + 40 residential floors + health club + swimming pool floor* 100% freehold property with UAE Residence Visa*

JCA Real Estate today unveiled Emerald Tower, a 100% freehold residential tower to be built in the Emirate of Ajman, UAE. To be built at an estimated cost of AED 252 million, the Emerald Tower will be situated in the newest development area of Emirates City, located on Emirates Road, Ajman.

The Emerald Tower is a 50-storey residential tower equipped with full amenities like health club, swimming pool, advanced CCTV and safety systems, prayer room, 8 high-speed elevators along with covered car parking for each unit.

JCA Real Estate, an associate company of Jitendra Group of Companies, said that Emerald Tower will boast of an earthquake resistant structured design and entire tower will have quality architectural designs crafted by none other than Adnan Saffarini Engineering Consultant.

JCA Real Estate also announced that it has been appointed as the exclusive sales and marketing agents for the Emerald Tower by its developer BSEL Infrastructure Realty FZE. Under the agreement, JCA Real Estate will have the exclusive rights to market, advertise and sell Emerald Tower anywhere in the world.

Speaking at a press conference, Jitendra Gianchandani, Chairman, JCA Real Estate & Founder, Jitendra Chartered Accountants, said: "We are glad to offer investors and buyers an excellent property in Ajman which will not only offer a good life style but also good returns. For the first time in the history of Ajman real estate, we are offering guaranteed 11% returns to investors. This is a manifestation of our belief that the Emirate of Ajman will continue to grow in the future."

R. Lewis, Chief Executive Officer, JCA Real Estate said: "The launch of Emerald Tower heralds a new chapter for our company. Till now we have brokered many real estate deals, and now we are ready to take-off in a big way. We will be doing international road shows to promote Emerald Tower. With booking amount as low as AED 10,000, buy back guarantee by the developer and UAE residence Visa -Subject to immigration laws or approval-, we are confident of attracting local as well as foreign investors."

Christina Cabading, President, BSEL, said: "Emerald is our fifth tower on the market, the earlier four being Pearl, Fayrooz, Kahraman & Almas. For the first time we have entered into an exclusive sales and marketing tie-up and we are already seeing the benefits of it. We find JCA Real Estate as our partner of choice with a very young and dynamic team burning their midnight oils to achieve results. With the recent landmark real estate law and the $ 2 billion 1000 MW power plant announcement, Ajman is fast emerging as the Emirate of choice."

Investors and buyers can opt between 1 Bed and 1 Bed plus study room apartments, ranging from 730 sq. ft to 1070 sq.ft. The prices range from AED 346,750 to AED 508,250.

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Publication:Albawaba.com
Date:Aug 4, 2008
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