What is the total value and size of GJ Properties' new masterplan in Ajman?

The new masterplan has a total value of **AED 8.5 billion** (US$2.3 billion) and will cover approximately **15 million square feet**.

How many units and towers will the Ajman masterplan include?

The development will comprise **27 towers** and nearly **10,000 apartments**.

When is construction expected to begin and conclude for the masterplan?

Construction on the first phase, consisting of seven towers, is due to begin in **2027**, with the full project expected to be completed within **seven years**.

Who designed the masterplan?

The masterplan was designed by Dubai-based firm **Khatib and Alami**.

What is the average price per square foot in Ajman compared to Dubai?

The average price per square foot in Ajman is **AED 300-400**, significantly lower than Dubai's average of **AED 1,200-1,500**, according to Colliers data.

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Development·3 October 2026

GJ Properties Unveils AED 8.5 Billion Masterplan for Ajman, Eyes Future Dubai Expansion

Ajman-based GJ Properties announced plans for an **AED 8.5 billion** (US$2.3 billion) master-planned development in the emirate, featuring 27 towers and nearly 10,000 apartments across approximately 15 million square fee

GJ Properties, an Ajman-based developer, is set to launch an AED 8.5 billion (US$2.3 billion) master-planned community in the emirate, marking a significant investment in Ajman's property landscape. The extensive project will encompass 27 towers and almost 10,000 apartments, spread over approximately 15 million square feet.

The formal announcement for the development is anticipated at the International Property Show in Dubai next year. According to CEO Ali Jaber, the initial phase will consist of seven towers, with construction scheduled to commence in 2027. The entire project is projected to reach completion within seven years.

Project Scope and Design

The masterplan, designed by Dubai-based firm Khatib and Alami, represents GJ Properties' final major undertaking in Ajman before the company considers expanding into the Dubai and Abu Dhabi markets post-2030. The developer currently has nearly 4,500 units under construction across nine projects in Ajman and a presence in Dubai with the Biltmore Residences tower on Sheikh Zayed Road.

Market Context and Affordability

Ajman, the smallest of the UAE's emirates, has a population nearing 600,000. Its property market recorded 6,815 transactions valued at over AED 10.8 billion in the first half of 2026. Jaber highlighted Ajman's affordability as a key driver for demand, noting average property prices of AED 300-400 per square foot compared to AED 1,200-1,500 in Dubai, as per Colliers data. GJ Properties has seen sales increase by nearly 40% year-on-year, partly attributed to this affordability.

Future Plans and Potential IPO

Beyond the Ajman masterplan, GJ Properties is also exploring a potential listing on the Abu Dhabi Securities Exchange. Deloitte has been appointed to advise on the initial application process, indicating the company's broader strategic ambitions within the UAE market.

Frequently asked

Questions, answered

What is the total value and size of GJ Properties' new masterplan in Ajman?: The new masterplan has a total value of **AED 8.5 billion** (US$2.3 billion) and will cover approximately **15 million square feet**.
How many units and towers will the Ajman masterplan include?: The development will comprise **27 towers** and nearly **10,000 apartments**.
When is construction expected to begin and conclude for the masterplan?: Construction on the first phase, consisting of seven towers, is due to begin in **2027**, with the full project expected to be completed within **seven years**.
Who designed the masterplan?: The masterplan was designed by Dubai-based firm **Khatib and Alami**.
What is the average price per square foot in Ajman compared to Dubai?: The average price per square foot in Ajman is **AED 300-400**, significantly lower than Dubai's average of **AED 1,200-1,500**, according to Colliers data.

Reported by

Google News — Dubai Property (7d)

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This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.

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