‏Al Zorah Real Estate, the joint venture between Ajman and Solidere International, has signed a land acquisition agreement with UAE developer Samana for an upscale and mixed-use waterfront destination in Al Zorah City valued at AED2.7 billion ($735.19 million).

Located on a distinctive waterfront plot in the heart of Al Zorah Marina 1, the new project boasts more than 2,000 residential units spread over a 576,908 sq ft area.

‏The total area designated for sale in the project is expected to reach approximately 1.43 million sq ft, of which 65,000 sq ft are allocated for commercial spaces, to be developed as an integrated and mixed-use coastal community comprising apartments, branded residential units with hotel services, alongside townhouses and villas, in addition to a selected range of commercial spaces.

‏The new project will come up in a location distinguished by its stunning nature, views of the marina, and direct proximity to the natural mangrove reserve, said the developer in a statement.

‏‏This strategic location reflects Al Zorah City’s vision as a nature-focused destination that combines modern lifestyles with environmental preservation, it added.