Sweet Homes Group, one of the UAE’s premier property master developer, has revealed plans to launch its first hotel apartment project in Ajman.

The announcement was made during the company’s participation in the Ajman Real Estate Conference 1, an event organised by the Real Estate Regulatory Agency – Ajman (ARRA), the state-run institution mandated with regulating the real estate activities and developments in the emirate.

The event, which was held recently at the Ajman Emirates Hospitality Centre, was inaugurated by His Highness Sheikh Ammar bin Humaid Al Nuaimi Crown Prince of Ajman and Chairman of the Executive Council of Ajman. The pioneering edition of the conference was organised under the theme ‘Sustainable development according to global standards.

The Dh141-million ($38.3 million) serviced apartment project will be strategically located along Sheikh Mohammad Bin Zayed road and will feature 272 studio units and 72 one-bedroom apartments across an area of 11,394 sq m. Expected to be completed in 2019, the hotel apartments will also include 650 parking spaces, three coffee shops, eight restaurants and one health club.

“This new initiative reflects the company's strategy to offer affordable yet luxurious serviced apartments. We are confident to complete this project in 2019 to help accommodate visitors visiting the UAE for Expo 2020,” said Fahad Sattar Dero, managing director and CEO, Sweet Homes Group.

Sweet Homes has recently completed the first phase of the $750-million Ajman Uptown project and is the master and sub-developer that currently manages several high-rise buildings in the emirate. - TradeArabia News Service