based developer and multi-service real estate provider, has sold out 70 percent of its AED3 billion “Ajman Uptown”, the first freehold residential township in Ajman. The announcement follows a GCC-wide roadshow organized by Sweet Homes and is in line with the developers' AED2 billion investment plan for 2008. The strong sales reflect the vibrancy of Ajman's real estate industry and the appeal of Ajman Uptown – which includes seven commercial and residential towers, a hotel and hotel apartments complex, villas and townhouses, despite a 40 percent hike in property prices in Ajman.
