Page 10 - AJMAL MAKAN PR REPORT - JANUARY 2024

Press Release

Successfully completed entire first phase of Blue Bay Walk project

AJMAL MAKAN Real Estate Development announces

commencement of villa handovers in Sun Island

Sharjah, January 17, 2024 – AJMAL MAKAN Real Estate Development, a leading developer

of versatile urban cities and communities, announced that it has completed the first and second
phases of its iconic project, the AJMAL MAKAN City, situated along the picturesque Sharjah

Waterfront. The announcement was made during its participation in the Sharjah Real Estate

Exhibition - ACRES 2024, held at the Expo Centre Sharjah

During the event, the company confirmed that all the beach villas in Sun Island have been sold,
while the first phase of these villas has been completely delivered. The Sun Island serves as

one of the prime examples of comprehensive residential developments, offering a unique living

experience that skilfully blends exclusivity and tranquillity with remarkable architecture and
state-of-the-art technologies. The company further announced that it intends to put the other

villas up for sale this year.

Additionally, the company has also successfully completed the initial phase of the Blue Bay
Walk project that make up two out of the total six residential towers. The project’s second and

third phases are presently being completed, with the second phase having already witnessed

substantial progress and advancements. The second and third phases are expected to be finished
by 2025.

Sultan Al Shakrah, CEO of AJMAL MAKAN Real Estate Development, said: “We are

pleased to announce the successful completion of the infrastructure development for multiple

phases of AJMAL MAKAN City, our groundbreaking real estate project situated along the
scenic Sharjah Waterfront. This achievement coincides with the successful completion of

several phases in our portfolio of distinguished projects. We also expect to unveil a new island,