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FILTERED RESULTS
Sydney Airport Safety Lapses Spur Probe of Controller Fatigue
China's Manufacturing PMI Rises to 52.1 in September
Oil climbs after Trump denies he is willing to ease sanctions on Iran
China factory activity returns to growth in Sept, services strengthen - PMI
China’s factory activity returns to growth in September amid AI boom
Dollar set for September rise, mainly at euro’s expense
Tata Heir Sees Listing Limit Group’s Ability to Backstop Units
Oil prices edge higher after sharp drop as Middle East supply recovers
Basel chief says risks becoming more interconnected as international cooperation wanes
Australian Inflation Remains Elevated as Fuel Price Rises Strike
Australia's August Consumer Price Index Matches Expectations at 4%
Mideast Crude Oil Flows Hit 98% of Pre-War Level, JPMorgan Says
Gold steadies after 1.6% gain as oil drop offsets elevated Treasury yields
People's Bank of China Sets Yuan Mid-Point at 6.7351 Against US Dollar
Nidec’s No. 3 Shareholder Pushed for Kishida to Remain as CEO
China’s Launches ‘Mini Stimulus’ to Counter Slowdown
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Asian Stocks Rise, Bonds Steady Before PCE Data: Markets Wrap
State Street says war delaying Gulf investment decisions
Buoyed by a stock-market boom that has added trillions of dollars to their net worth, the extremely rich are even pulling away from other rich Americans
U.S. stock futures drift higher as yields pause, oil prices slide
BlackRock's Hambro Sees New Commodity Cycle
New Zealand Business Confidence Declines Amid Rising Oil Prices
Judge orders New York City to restart secondary-home tax rollout
Gold Fields Said to Mull Sweeter Northern Star Bid With Cash
Can Treasury Yields Hit 6%?
Pentagon awards Boeing $20bn contract for Navy stealth fighter jet
People's Bank of China Expected to Set USD/CNY Reference Rate at 6.7025
Japan industrial production unexpectedly falls in August, retail sales slow
Japan's August Factory Output Declines Amid Slower Retail Sales
Japan’s Output Falls For Second Month as Iran War Drags On
China’s ‘Mini Stimulus’ Seen Securing GDP Target, Not Much More
South Korea Tax Revenue to Hit Fresh Record on Global Chip Boom
Asian Stocks Rise as Tech Leads, Bonds in Focus: Markets Wrap
Commodity Boom Pushes Mongolian Stocks to World-Beating Quarter
Korean Stocks Face Early End to $40 Billion Buyback Support
KLEA Finance Daily: Tuesday, September 29, 2026
Japan August factory output falls 1.7% month-on-month
Navy Chooses Boeing to Build Next-Generation Jet Fighter
Google pays 100 publishers for AI-powered search content- The Information
Faced with US ban, Canadian booze makers see yet more hurdles at home
Why is Vanda Pharmaceuticals stock surging today?
TSA officers will not be allowed to sit during ID checks at US airports
A.I. Is ‘Better Informed’ Than Doctors, Kennedy Tells Industry-Backed MAHA Summit
Ellison Picks HBO Content Chief to Run Paramount-Warner Streaming Business
UK auto output rebounds in August but ’Made in Europe’ proposals pose threat, industry data shows
Volante Technologies and Circle Collaborate on Stablecoin Integration for Banks
Why Kroger Is Trying to Be More Like Walmart
Elio Mortgage Secures $5.1 Million in Pre-Seed Funding
Citi Projects SpaceX Valuation Could Reach $12 Trillion Following Successful Starship Flight
Accelevation prices IPO at $18 per share on Nasdaq
SMEs Shifting to Fintechs for Cross-Border Payments, Mastercard Report Reveals
Reserve Bank of Australia Raises Cash Rate to 4.6%, Westpac Predicts Further Hike in November
Latest Oil Market News and Analysis for Sept. 30
Valley National Bank Acquires Bluevine for $340 Million
Tesla Secures $30 Billion in New Credit Facilities
Robinhood to allow 24-hour weekend trading of US stocks as industry shifts to wider access
UK business morale hits 17-month low, Lloyds says
Donald Trump praises AI ‘self-regulation’ after summoning tech bosses to the White House
Morgan Stanley Bank Analyst Graseck to Retire After 40 Years
Goldman private credit fund defies industry elevated withdrawal trend yet again
Paramount Streaming Chief Exits Ahead of Warner Bros. Deal
He Was Rejected by Goldman Out of College. Now He’s Poised to Run the Bank.
The Lady Gaga moment for corporate Japan
Deloitte partner pay rises to record £1.1mn as firm cuts staff
Shein’s pain is high street retailers’ gain
Trump, AI CEOs sign voluntary safety pact, back data center expansion
X2, the Troubled California Six Flags Roller Coaster, Reaches Its End
Ajman property developer to launch $2bn masterplan
- GJ Properties to build 10,000 apartments
- Future projects in Dubai or Abu Dhabi
- IPO ‘definitely’ on its radar
Ajman developer GJ Properties plans to launch a multibillion-dollar masterplan in the emirate before expanding to Dubai and Abu Dhabi.
The AED8.5 billion ($2.3 billion) development, due to be formally announced at the International Property Show in Dubai next year, will comprise 27 towers and almost 10,000 apartments across about 15 million square feet, CEO Ali Jaber told AGBI.
The first phase will comprise seven towers, with construction due to begin in 2027. Jaber said he expects the full project to be completed within seven years.
The towers will be built in phases, he said, and “there will not be a single construction helmet on site [after seven years]”.
The project was designed by Dubai-based Al Hatmy Design and Engineering Consultancy.
GJ Properties, a privately held, family-owned developer led by Jaber, has almost 4,500 units under construction across nine projects in Ajman, as well as the Biltmore Residences tower on Dubai’s Sheikh Zayed Road.
Its development pipeline, excluding the new masterplan, covers more than 7 million square feet, Jaber said.
Ajman, located between Sharjah and Umm Al Quwain, has a population approaching 600,000 and is the smallest of the UAE’s seven emirates, covering about 259 square kilometres.
The Ajman Land and Real Estate Regulation Department recorded 6,815 real estate transactions worth more than AED10.8 billion in the first half of 2026, according to the Ajman Real Estate Index.
Jaber said the masterplan would be GJ Properties’ last major development in Ajman.
“We’re busy here in Ajman,” he said. “But I would see ourselves after 2030 definitely being in Dubai or Abu Dhabi.”
The company is preparing for a potential listing on the Abu Dhabi Securities Exchange and Deloitte is appointed to advise on the initial application process.
“How large a percentage of the company and what assets are going to be involved – it’s probably too early for that discussion, but an IPO is definitely on our radar,” Jaber said.
Further reading:
- ‘Builders, don’t cut corners,’ warns Dubai developer
- Alabbar: Emaar could sell nothing and still be in profit
- Lack of launches poses credibility test for Dubai developers
Jaber said property sales at GJ Properties are up almost 40 percent year on year and demand has increased since the start of the US-Iran war in February.
He attributed some of the increase to Ajman’s affordability compared with Dubai and Abu Dhabi. The average price per square foot in Ajman is AED300-400, compared with AED1,200-1,500 in Dubai, according to data from investment management company Colliers.
“People can still afford to live here without having to give up a life in the United Arab Emirates because of the circumstances, or financial concerns they might be facing, as residents of Dubai or Abu Dhabi,” he said.
Source: AGBI