Ajmal Makan Real Estate Development Company Profile

Background

Overview

Ajmal Makan Real Estate Development is a UAE-based master property developer specializing in creating integrated, mixed-use master-planned communities. The company is renowned for its commitment to delivering high-quality residential and commercial properties, shopping malls, retail assets, and high-end hospitality and leisure attractions. With a focus on sustainability and innovation, Ajmal Makan aims to enhance the quality of life for residents and contribute to the urban development of Sharjah.

Mission and Vision

• Mission: To surpass expectations in every aspect, including timely delivery of projects, attaining customer satisfaction, consistently delivering high quality, and constantly improving and innovating to provide value-for-money solutions to customers.

• Vision: To be the leading master property developer of choice for the development of mixed-use master-planned destinations, waterfronts, and cities in the region, powered by innovative, state-of-the-art, smart, and environmentally-friendly real estate solutions maintaining the highest quality standards and business practices.

Key Strategic Focus

Core Objectives

Ajmal Makan focuses on developing large-scale, mixed-use communities that integrate residential, commercial, and leisure facilities. The company emphasizes sustainability, innovation, and high-quality standards in all its projects.

Areas of Specialization

• Mixed-Use Developments: Creating communities that blend residential, commercial, and recreational spaces.

• Waterfront Projects: Developing properties along the coastline to offer scenic views and recreational opportunities.

• Sustainable Living: Incorporating eco-friendly practices and green spaces into urban developments.

Key Technologies Utilized

• Smart Home Integration: Implementing AI control systems for lighting, temperature, and security in residential units.

• Sustainable Construction Practices: Utilizing energy-efficient materials and designs to minimize environmental impact.

Primary Markets Targeted

Ajmal Makan primarily targets the UAE real estate market, focusing on Sharjah and the broader UAE region. The company aims to attract residents, investors, and tourists seeking high-quality, sustainable living environments.

Financials and Funding

Funding History

Specific details regarding Ajmal Makan's total funds raised and recent funding rounds are not publicly disclosed. The company has financed its projects through a combination of internal resources and strategic partnerships.

Notable Investors

Information about individual investors is not publicly available. The company has established partnerships with various stakeholders to support its development projects.

Utilization of Capital

Capital raised is primarily allocated towards land acquisition, construction, infrastructure development, and marketing of residential and commercial properties within its master-planned communities.

Pipeline Development

Key Pipeline Candidates

• Ajmal Makan City – Sharjah Waterfront: A $6.8 billion coastal development covering 60 million square feet, featuring 1,500 villas, mid-rise buildings, hotels, retail spaces, a university, schools, a theme park, and other attractions.

• Al Thuraya Island: A luxury residential development spanning 5 million square feet, including private beaches, villas, mansions, and over 1.3 million square feet of green spaces.

• The View Island: A project featuring 266 residential units, including villas and townhouses, designed to offer accessible luxury living with green parks, children’s play areas, and a running track.

• Blue Beach Residence: A development comprising 222 stylish apartments, including lavish penthouses with panoramic views of the Arabian Gulf, surrounded by green spaces and recreational amenities.

Stages of Development

The company is in various stages of development for these projects, with some phases completed and others underway. For instance, the first phase of Sun Island villas has been delivered, and the second and third phases of Blue Bay Walk are expected to be completed by 2025.

Target Conditions

The developments aim to provide high-quality, sustainable living environments that cater to families, professionals, and investors seeking modern amenities and eco-friendly practices.

Anticipated Milestones

• 2025: Completion of the second and third phases of Blue Bay Walk.

• 2027: Expected handover of Al Thuraya Island villas and mansions.

Technological Platform and Innovation

Proprietary Technologies

• Smart Home Systems: Integration of AI control systems for lighting, temperature, and security in residential units.

• Sustainable Construction Materials: Use of energy-efficient materials and designs to minimize environmental impact.

Significant Scientific Methods

• Eco-Friendly Design Practices: Incorporating green spaces, energy-efficient systems, and sustainable materials into building designs.

• Community-Centric Planning: Designing developments that promote social interaction and a sense of community among residents.

Leadership Team

Sultan Al Shakrah: CEO of Ajmal Makan Real Estate Development, leading the company's strategic direction and overseeing project execution.

Farid Jamal: General Manager of Sales and Marketing, responsible for driving sales strategies and marketing initiatives for the company's developments.

Competitor Profile

Market Insights and Dynamics

The UAE real estate market is characterized by rapid urban development, a growing population, and increasing demand for sustainable and integrated communities. Developers are focusing on creating mixed-use projects that offer residential, commercial, and recreational facilities to meet the diverse needs of residents and investors.

Competitor Analysis

• Arada: A UAE-based developer known for projects like Aljada, a 24 million square foot development in Sharjah's Muwaileh district, featuring a central business district, education zones, and office space.

• Emaar Properties: A global developer with projects like Downtown Dubai, a dense city core anchored by landmarks such as the Burj Khalifa and Dubai Mall.

Strategic Collaborations and Partnerships

Ajmal Makan collaborates with various stakeholders, including government entities, contractors, and investors, to support its development projects and ensure successful project execution.

Operational Insights

Strategic Considerations

Ajmal Makan's focus on large-scale, mixed-use developments positions it as a significant player in Sharjah's real estate market. The company's emphasis on sustainability and innovation aligns with regional development goals and appeals to environmentally conscious consumers.

Competitive Advantages

• Integrated Communities: Developing self-sustaining communities that offer a balanced lifestyle.

• Sustainability Focus: Incorporating eco-friendly practices and green spaces into developments.

• Strategic Locations: Choosing prime waterfront locations to enhance property value and appeal.

Strategic Opportunities and Future Directions

Strategic Roadmap

Ajmal Makan plans to continue expanding its portfolio with new projects that align with its vision of creating integrated, sustainable communities. The company aims to enhance its market presence by delivering high-quality developments that meet the evolving needs of residents and investors.

Future Business Directions

• Expansion into New Markets: Exploring opportunities in other UAE emirates and the broader GCC region.

• Diversification of Offerings: Introducing new property types and amenities to cater to a wider audience.

• Technological Integration: Continuing to incorporate advanced technologies to enhance living experiences.

Contact Information

Official Website: Ajmal Makan Real Estate Development

Social Media Profiles:

• Facebook: Ajmal Makan Real Estate Development

• Instagram: @ajmalmakan

• LinkedIn: Ajmal Makan Real Estate Development

Headquarters Location: Ajmal Makan City - Sharjah Waterfront, Al Hamriyah P.O BOX 39459, Sharjah, UAE