Al Zorah City Upscale Waterfront Destination Deal With Samana Valued At AED 2.7 Billion

Al Zorah Real Estate Development Company has agreed a land deal with Samana Real Estate Development Company to build a mixed-use waterfront community in Al Zorah City, Ajman. The project is valued at AED2.7 billion and will add new residential and commercial capacity to the emirate’s coastal real estate market.

The agreement is between the Government of Ajman and Solidere International’s joint venture, Al Zorah Real Estate Development Company, and Samana Real Estate Development Company. The contract signing took place in the presence of Sheikh Rashid bin Humaid Al Nuaimi, alongside senior executives from both organisations.

The development is planned on a prime plot in Al Zorah Marina 1, with direct waterfront exposure. The site covers 576,908 square feet and overlooks the marina, while also sitting close to the protected mangrove reserve. The plan aligns with Al Zorah City’s focus on nature-led urban growth and coastal lifestyle communities.

The scheme is expected to deliver more than 2,000 residential units and a total saleable area of about 1.43 million square feet. Plans include 65,000 square feet of commercial space, with a mix of apartments, branded residences with hotel services, townhouses, villas and carefully selected retail outlets.

Sheikh Rashid bin Humaid Al Nuaimi said "the project reflects a shared vision to develop high-quality residential communities that balance innovative urban design with nature, while expanding options for investors and homebuyers and reinforcing Al Zorah City’s position as an upscale coastal destination." This highlights a combined focus on liveability and investment appeal.

Dr Nasser Al Shammaa, Chairman of the Board and Chief Executive Officer of Solidere International, said "the partnership reflects Solidere International’s commitment to working with leading developers to create distinctive projects that enhance Al Zorah City’s long-term value and appeal." The statement underlines Solidere International’s strategy of collaborating with established regional developers.

Al Zorah City mixed-use waterfront destination: market context and Samana entry

Imran Farooq, Chief Executive Officer of Samana Real Estate Development Company, said "the agreement comes at a time of strong growth in Ajman’s real estate market, with transaction volumes rising by 37 percent over the past year. He said the project will introduce Samana’s concept of resort-style living, combining design innovation with Al Zorah City’s tranquil character and offering investors a high-privacy lifestyle integrated with nature."

Samana Real Estate Development Company enters Al Zorah City after building strong sales momentum in Dubai’s off-plan segment. The company ranked fifth among top-selling off-plan developers in Dubai in 2025, recording sales of AED7.1 billion and managing a project portfolio worth more than AED17 billion.

The new coastal community in Al Zorah City is planned with advanced design standards and sustainable construction practices. Residents are expected to have direct access to Al Zorah Golf and Yacht Club, a championship golf course and a 10-kilometre walking and cycling track, supported by modern infrastructure, green areas and planning that prioritises mobility, privacy and daily comfort.

The project will complement existing assets in Al Zorah City, including Golf Estates, Zoya Health & Wellbeing Resort and Al Zorah Beach Resorts with Four Seasons Resort. Together, these components are shaping a modern coastal destination in Ajman that combines nature-focused planning, high-end accommodation and long-term residential and investment demand.

With inputs from WAM