Ajman buys Marmooka Capital's stake

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The Ajman Real Estate Investment Establishment, owned by the Ajman government, has bought Marmooka Capital's stake in the Marmooka City project in Ajman at a cost of Dhs800m. Ghaleb Jaber, general manager of the establishment, said it has become the sole owner of the project and the consultant office has been contacted to speed up construction of the infrastructure.

Ajman buys Marmooka Capital's stake | Real Estate

 

[Ajmanprop]

Marmooka City takeover

More details, as reported in The National.

Ajman takes over Marmooka City - The National Newspaper