Al Zohra Real Estate Development Company, a joint venture between the Government of Ajman and Solidere International, has signed a land acquisition agreement with Samana Real Estate Development Company to develop a luxury mixed-use waterfront destination in Al Zohra City worth AED 2.7 billion.
Sheikh Rashid bin Humaid Al Nuaimi said the project reflects a shared vision to develop a high-quality residential community that balances innovative urban design with nature, while expanding options for investors and homebuyers and strengthening Al Zohra City’s position as a premium coastal city.
The project will include more than 2,000 homes in a prime waterfront location at Al Zora Marina 1, in line with Al Zora City’s nature-focused development vision. Measuring 576,908 square feet, it offers marina views and direct access to a mangrove preserve.
Total salable area is expected to be approximately 1.43 million square feet, including 65,000 square feet of commercial space. The development will include apartments, branded residences with hotel services, townhouses, villas and selected commercial properties, forming an integrated coastal community.
Residents will benefit from advanced infrastructure, extensive green space and direct access to the Al Zorah Golf and Yacht Club, a championship golf course and 10km walking and cycling track, underpinned by urban planning focused on mobility, privacy and quality of life.
Dr. Nasser Al Shamar said this partnership reflects Solidere International’s commitment to working with leading developers to create distinctive projects that enhance the long-term value and attractiveness of Al Zohra City.
Imran Farooq said the agreement comes at a time when Ajman’s real estate market is experiencing strong growth with transaction volumes increasing by 37% over the past year. He said the project will introduce Samana’s resort-style living concept, combining design innovation with the tranquil character of Arzora City, offering investors a highly private lifestyle integrated with nature.
Samanah entered Al Zorah City on market momentum, and by 2025 was ranked the fifth off-plan developer in Dubai by sales, with a turnover of AED 7.1 billion and a project portfolio of over AED 17 billion.
The project will be developed in line with advanced design principles and sustainable building practices and will complement Al Zorah’s existing portfolio, which includes the Golf Estate, Zoya Health & Wellbeing Resort and Al Zorah Beach Resort, which forms part of the Four Seasons Resort, to create a modern coastal destination centered around nature, luxury and quality living.
The agreement was signed in the presence of Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Board of Directors of Al Zohra Real Estate Development Company, Dr. Nasser Al Shamaa, Chairman of the Board of Directors and Chief Executive Officer of Solidere International, Mr. Imran Farooq, Chief Executive Officer of Samana Real Estate Development Company, and senior executives of both parties.
