Al Zorah 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 an upscale, mixed-use waterfront destination in Al Zorah City, valued at AED 2.7 billion.
The agreement was signed in the presence of Sheikh Rashid bin Humaid Al Nuaimi, Chairman of Al Zorah Real Estate Development Company, by Dr. Nasser Al Shammaa, Chairman and CEO of Solidere International, and Imran Farooq, CEO of Samana, along with senior executives from both companies.
Sheikh Rashid said the project embodies a shared vision of creating high-quality residential communities that merge innovative urban design with nature, expand options for investors and homebuyers, and strengthen Al Zorah City’s reputation as a premium coastal destination.
The development will feature over 2,000 residential units on a prime waterfront site in Al Zorah Marina 1, spanning 576,908 square feet, with marina views and direct access to the natural mangrove reserve. The total saleable area is expected to reach approximately 1.43 million square feet, including 65,000 square feet of commercial space.
The project will comprise apartments, branded residences with hotel services, townhouses, villas, and selected commercial outlets, creating an integrated coastal community. Residents will enjoy direct access to the Al Zorah Golf and Yacht Club, a championship golf course, and a 10-kilometre walking and cycling track, complemented by extensive green spaces, advanced infrastructure, and urban planning focused on mobility, privacy, and quality of life.
Dr. Nasser Al Shammaa said the partnership demonstrates Solidere International’s commitment to collaborating with leading developers to deliver distinctive projects that enhance Al Zorah City’s long-term value.
Imran Farooq highlighted that the agreement comes amid strong growth in Ajman’s real estate market, with transaction volumes increasing 37% over the past year. He added that the project will introduce Samana’s resort-style living concept, blending innovative design with Al Zorah City’s serene environment and offering investors a high-privacy lifestyle integrated with nature.
Samana enters Al Zorah City with significant momentum, having ranked fifth among top-selling off-plan developers in Dubai in 2025, with AED 7.1 billion in sales and a project portfolio exceeding AED 17 billion.
The development will follow advanced design principles and sustainable building practices, complementing Al Zorah’s existing portfolio, which includes Golf Estates, Zoya Health & Wellbeing Resort, and Al Zorah Beach Resorts, including the Four Seasons Resort, together forming a modern coastal destination focused on nature, luxury, and quality living.
