‏Al Zorah Real Estate Development Company, the joint venture between the Government of Ajman and Solidere International, has signed a land acquisition agreement with Samana Real Estate Development Company to develop an upscale and mixed-use waterfront destination in Al Zorah City valued at AED 2.7 billion ($735.19 million).

‏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 of the Board and Chief Executive Officer of Solidere International, and Imran Farooq, Chief Executive Officer of Samana Real Estate Development Company, alongside a number of senior executives from both sides.

‏Sheikh Rashid stated: “We welcome Samana Real Estate Development Company to Al Zorah City. This coastal project will expand the range of options available to investors and buyers for residential purposes alike, and reflects our commitment to developing upscale residential environments based on balance between innovative urban design and nature. It also embodies a shared vision with Samana to develop communities that combine luxury, functionality, and environmental responsibility.”

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

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

‏The total area designated for sale in the project is expected 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 and mixed-use coastal community comprising apartments, branded residential units with hotel services, alongside townhouses and villas, in addition to a selected range of commercial spaces.

‏Project residents will benefit from an integrated lifestyle system including direct access to Al Zorah Golf and Yacht Club, a championship golf course, and a dedicated walking and cycling track extending 10 kilometers, within an integrated environment that promotes healthy lifestyles and outdoor activities.

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

‏‏Samana Real Estate Development Company enters Al Zorah City supported by strong market momentum, having ranked fifth among the top-selling developers of off-plan projects in Dubai during 2025, with total sales of AED7.1 billion and a project portfolio exceeding AED17 billion in value.

‏‏The project will be developed according to advanced design principles and sustainable building practices, in harmony with Al Zorah’s upscale real estate portfolio, which includes the completed Golf Estates project, Zoya Health & Wellbeing Resort, and Al Zorah Beach Resorts comprising Four Seasons Resort. These projects collectively form an integrated model for a modern destination based on nature, luxury, and upscale coastal lifestyle. - TradeArabia News Service