Damac Plans $816 Million Waterfront Project in Ajman

First phase: 421 homes across two towers, launching Q1 2027.

Damac Properties has signed a land acquisition agreement with Al Zorah Development Company to develop an $816 million mixed-use waterfront project in Ajman. Spanning 1.4 million sq ft, the development will feature residential towers, landscaped gardens, wellness facilities and waterfront amenities, strengthening Ajman's luxury real estate and coastal investment offering.